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During the event
November 14, 2018 - 12:56 GMT
The Federal Tax Authority (FTA) announced that the digital system for the Tax Refunds for Tourists Scheme will be ready to issue and process VAT refund claims for eligible tourists to recover tax incurred on their purchases as of Sunday, November 18, 2018, at Abu Dhabi, Dubai and Sharjah International Airports.
SWIFT does not have any role in maintaining accounts and currency settlements and with disconnection of SWIFT services. (Shutterstock)
November 14, 2018 - 11:11 GMT
Central Bank of Iran (CBI) in its latest report said that Society for Worldwide Interbank Financial Telecommunication (SWIFT) does not have any role in keeping accounts and settlement of currency.
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria. (Shutterstock)
November 14, 2018 - 11:03 GMT
Washington’s newly imposed sanctions on Iran have given rise to many speculations concerning the fate of Tehran’s recently stepped up investments in Syria.
Egypt would set a VAT rate of 1% for SMEs under the proposed Act. (Shutterstock)
November 14, 2018 - 08:22 GMT
The Egyptian government is close to finish drafting a law to develop micro, small- and medium-sized enterprises (SMEs) in order to shortly submit it to the House of Representatives for approval, the minister of planning said.
In a statement, Hasan Turan, the head of parliament’s Turkey-Palestine parliamentary friendship group, criticized the UN for merely criticizing Israel’s Monday attack on Gaza. (Shutterstock)
November 14, 2018 - 08:16 GMT
A senior Turkish ruling party lawmaker on Tuesday urged the UN to impose tough sanctions on Israel.
Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman. (Shutterstock)
November 14, 2018 - 07:00 GMT
Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman, the business body announced on Tuesday.
The use of local currencies in trade between Turkey and Russia is
November 14, 2018 - 06:50 GMT
The use of local currencies in trade between Turkey and Russia is "necessary", Russian deputy minister of industry and trade said.
Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments. (Shutterstock)
November 13, 2018 - 11:12 GMT
Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments, Turkey's Energy and Natural Resources Minister Fatih Donmez said Monday.
Women are the least paid and their participation in the labour market is recorded much more in the informal sector and in vulnerable activities. (Shutterstock)
November 13, 2018 - 11:07 GMT
The integration of women into economic life would boost growth in the MENA region by nearly $ 600 billion (1,728 million dinars) annually, said Minister of Investment, Development and International Co-operation Zied Laâdhari.
Will Lebanon Witness Another Wave of IMF Instructions? (Shutterstock)
November 13, 2018 - 10:26 GMT
Prime Minister-designate Saad Hariri attended commemorations of the centenary of Armistice Day in Paris over the weekend, before taking part in the opening of the Paris Peace Forum Sunday.
Iran has kept its stock of low-enriched uranium and the level to which it refines uranium within the limits set by the JCPOA. (Shutterstock)
November 13, 2018 - 09:59 GMT
Iran has continued to implement all its commitments under the 2015 nuclear deal it signed with major global powers even as the United States re-imposed fresh sanctions against Tehran, a report by the International Atomic Energy Agency (IAEA) says.
US Secretary of State Mike Pompeo has told Saudi Crown Prince Mohammed bin Salman that Washington will hold accountable all those involved in the killing of Khashoggi. (Shutterstock)
November 13, 2018 - 09:51 GMT
Donald Trump’s financial interests with Saudi Arabia will compel the US president to exonerate Riyadh for its atrocities in Yemen and the murder of Saudi dissident journalist Jamal Khashoggi, an investigative journalist in Washington says.
The United Nations decided to increase their aid to $14 Million, instead of the $7 Million. (Shutterstock)
November 13, 2018 - 08:52 GMT
The United Nations’ Food Program has been investing a huge portion of their budget to the Middle East recently, especially all the war zones such as Yemen, Sudan, and Libya.
Kuwait has called for frozen funds to be returned. (Shutterstock)
November 13, 2018 - 07:59 GMT
Kuwait has demanded Dubai release around $500 million, which was frozen by the UAE following suspicions of money laundering.
Their contribution in aid to the impoverished nation which faces a devastating Saudi war and blockade amounts to just two percent of their revenues from the arms sales. (Shutterstock)
November 13, 2018 - 07:49 GMT
European countries have approved arms sales to Saudi Arabia and the UAE worth more than $86.7 billion since 2015, according to figures compiled by leading online news outlet Middle East Eye.
Out of the 346 workers who were arrested, 169 were “fugitive workers”, 162 were “freelance workers” and 15 were undocumented workers. (Shutterstock)
November 13, 2018 - 07:31 GMT
A total of 346 expats were arrested, while an additional 446 were deported in one week, the Ministry of Manpower has announced.