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Bahrain the most cost-effective destination for business in the GCC (Shutterstock)
January 22, 2019 - 13:06 GMT
Minimal operating costs, a beneficial tax structure and a welcoming culture have made Bahrain the most cost-effective destination for business in the GCC, said a report.
Expat investors can now bring their family members or siblings without regard to their age (Shutterstock)
January 22, 2019 - 12:29 GMT
As the country looks to woo more foreign investors to spur economic growth, the Royal Oman Police (ROP) confirmed that the adult children of overseas investors who live in Oman can stay with them.
Sri Lankan to Invest $10 Million in Bahrain’s Renewable Energy Sector. (Shutterstock)
January 22, 2019 - 12:04 GMT
Sri Lanka’s leading solar energy provider JLanka Technologies plans to invest $10 million in Bahrain’s renewable energy sector over the next five years.
Check out World Economic Forum’s Agenda in Davos. (Shutterstock)
January 22, 2019 - 10:52 GMT
More than 3,000 political, business and civil leaders have descended upon Davos in Switzerland for the World Economic Forum Annual Meeting, with the main event getting underway on Tuesday.
Dato Ku Jaafar Ku Shaari, Chief of Body
January 22, 2019 - 10:20 GMT
The Developing-8 Organization for Economic Cooperation works to adopt one card payment system, said the chief of body.
Most UAE residents rely on their gratuity to fund their retirement, a new research has shown. (Shutterstock)
January 22, 2019 - 09:04 GMT
Most UAE residents rely on their gratuity to fund their retirement, a new research has shown, and most of them will will take home more than Dh20,000 at the end of service.
International Monetary Fund Managing Director Christine Lagarde at a press conference on IMF World Economic Outlook ahead of the World Economic Forum annual meeting on Monday in Davos. (AFP)
January 22, 2019 - 07:15 GMT
The International Monetary Fund (IMF) on Monday cut the growth outlook for the Middle East, North Africa, Afghanistan and Pakistan (Menaap) and the world economy for 2019 due to weaker oil prices and the trade war between the US and China.
Qatar announces heavy investment in Lebanon's government bonds as means of supporting the latter's economy. (Shutterstock)
January 22, 2019 - 07:09 GMT
Qatar announces heavy investment in Lebanon's government bonds as means of supporting the latter's economy.
The initiative aims to provide more work opportunities for Saudi women. (Shutterstock)
January 22, 2019 - 07:07 GMT
The Saudi Ministry of Labour and Social Development (MLSD) has launched an initiative to set new standards for work environment suitable for women, aiming to improve it and make it more attractive.
Getting the world's richest 1 percent to pay just 0.5 percent extra tax on their wealth could raise more money than it would cost to educate the 262 million children out of school. (Shutterstock)
January 21, 2019 - 12:47 GMT
Wealth inequality around the world is "out of control" and doing particular harm to women, anti-poverty campaigner Oxfam warned Monday ahead of the annual gathering of business and political leaders in the Swiss ski resort of Davos.
Berlin has revoked Iranian airline Mahan's right to operate in Germany. (Shutterstock)
January 21, 2019 - 10:47 GMT
Berlin has revoked Iranian airline Mahan's right to operate in Germany, a senior government source told Reuters on Monday, giving both safety concerns and the suspicion that the airline was being used for military purposes as reasons.
Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law. (Shutterstock)
January 21, 2019 - 09:49 GMT
Companies and individuals who registered with the Federal Tax Authority (FTA) for value-added tax can deregister if their annual turnover did not exceed Dh187,500 ($51,000) 13 months after registering with the FTA.
30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government
January 21, 2019 - 09:43 GMT
The Human Resources Development Fund (HRDF) in Saudi Arabia will provide 30 per cent of the salaries of male and female Saudis working in private sector establishments in the first year in order to stimulate localization, raising the participation of male and female citizens in the labour market and provide them with skills needed.
Egypt’s Foreign Currency Reserves Soar to $42.6 Billion
January 21, 2019 - 09:26 GMT
Egypt’s foreign currency reserves rose to $42.6 billion by the end of 2018, the highest level in years, the cabinet media centre reported.
E-commerce will play an increasingly greater role in Lebanon and in the region. (Shutterstock)
January 21, 2019 - 08:56 GMT
Caretaker Foreign Minister Gebran Bassil said Sunday at the conclusion of the Arab economic summit that e-commerce will play an increasingly greater role in Lebanon and in the region.
Saudi Arabia’s non-oil sector growth will accelerate to 2.8 percent this year as the lagged effect of higher crude prices and production feeds through to the non-oil sectors. (Shutterstock)
January 21, 2019 - 08:51 GMT
The Saudi Arabian economy will expand by 2 percent this year with the non-oil sector getting a boost from higher crude prices and government spending likely to rise further in 2019, an Emirates NBD Research report said on Sunday.