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The coins are listed on the firm’s exchange, Huulk, and future listings will focus on regional exchanges in Asia and the Middle East. (Shutterstock)
September 20, 2018 - 08:49 GMT
Dubai’s OneGram Group has listed a cryptocurrency it bills as Shari’ah-compliant on the company’s virtual exchange and is planning additional listings in coming months.
The Cabinet members’ tour to discuss the new income tax law around the country has not been received very well. (Shutterstock)
September 20, 2018 - 08:45 GMT
The Cabinet members’ tour to discuss the new income tax law around the country has not been received very well in Tafileh and Maan, and so remains the case on Wednesday in Jerash and Ajloun.
This fiscal year's state budget targets the issuance of up to USD5bn bonds like those of Euro and US dollar-denominated bonds that have been put up for sale back in January and March. (Shutterstock)
September 20, 2018 - 08:41 GMT
Ministry of Finance is studying the option of tapping into the Asian markets through a new issuance of international bonds in the next months on the backdrop of the costly sales of bonds in the local market and foreign investments fleeing emerging markets, according to minister Dr. Mohmed Maeet in press conference on the sidelines of annual conference on taxes.
A Qatar-based company is planning to manufacture and market electric cars of different sizes and capacities, using technologies from a Japanese partner. (Shutterstock)
September 20, 2018 - 08:26 GMT
A Qatar-based company is planning to manufacture and market electric cars of different sizes and capacities, using technologies from a Japanese partner.
Qatar’s current account returned to a surplus of 3.8% of GDP in 2017 on the back of higher energy prices. (Shutterstock)
September 20, 2018 - 07:56 GMT
Buoyant exports will drive Qatar’s current account surplus to nearly 9% of the country’s GDP in 2018; an increase of around 5%, a new QNB report has shown.
Putting sustainability at the core of our business: Mars is combining procurement and sustainability to bring sustainability into the core of the business and to balance decision-making. (Shutterstock)
September 20, 2018 - 07:39 GMT
Mars, a global business that produces some of the world's best-loved brands such as M&M's and Snickers, is investing $1 billion over the next few years in its Sustainable in a Generation Plan.
The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20, 2018 - 07:37 GMT
The Ministry of Agriculture and Fisheries (MoAF) is aiming to increase the fisheries sector's contribution to the GDP five fold, taking it to RO1.3bn in 2023 from RO225mn in 2016.
The level of commitment to implementing the budget reached 100 per cent during the first quarter of 2018. (Shutterstock)
September 20, 2018 - 06:59 GMT
The value of spending of UAE federal authorities increased to around Dh10.44 billion ($2.84 billion) during the first quarter of 2018, a surge of 17 per cent compared to Dh8.92 billion during the same period in 2017, a media report said.
The emirate’s free zones foreign trade scored an increase of 20 per cent, Dh43 billion in the first half of 2018 to Dh257 billion. (Shutterstock)
September 20, 2018 - 06:48 GMT
Dubai’s non-oil foreign trade recorded Dh645 billion ($175.5 billion) in the first half of 2018, an increase of Dh5 billion from 2017 figures, a media report said.
The offence can also result in vehicle being confiscated. (Shutterstock)
September 20, 2018 - 06:42 GMT
Driving a vehicle with the expired driving licence or with an expired registration can invite Dh500 fine in the UAE.
From left, Ms Almoayyed, Ms Al Shirawi, Ms Al Hashemi, Shaikha Hessa, and Ms Karzoon. (GDN)
September 20, 2018 - 06:21 GMT
Five Bahraini women have made it to Forbes Middle East’s Top 100 Most Powerful Arab Businesswomen 2017.
The number of millionaires in the UAE with assets between $1 million and $30 million reached 46,998 while ultra-high net worth individuals with assets of $30 million-plus reached 1,380 last year. (Shutterstock)
September 20, 2018 - 06:02 GMT
The UAE will remain a magnet for millionaires as the population of high net worth individuals (HNWIs) will grow faster in the coming years.
Egypt is to have its first smart educational city in the Governorate of Giza. (Shutterstock)
September 19, 2018 - 11:13 GMT
Egypt is to have its first smart educational city in the Governorate of Giza, according to the announcement made by iSharp’s Managing Director for the Middle East, Ashraf Hazin, on Tuesday.
Iran is a very important member of OPEC. (Shutterstock)
September 19, 2018 - 10:37 GMT
The head of the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that Iran remains "a very important member" of the oil cartel, AFP reported.
The country has the third-highest debt rate in the world compared with gross domestic product, currently standing at about $81 billion, or 152 percent of the country’s GDP. (Shutterstock)
September 19, 2018 - 10:26 GMT
Caretaker Finance Minister Ali Hasan Khalil said Monday that no new taxes would be enacted in next year’s state budget, as parliamentarians grappled with fixing Lebanon’s finances amid looming deadlines and the country still without a fully empowered government.
Kuwait and Tunisia signed an investment protocol in 2010. (Shutterstock)
September 19, 2018 - 10:11 GMT
Kuwaiti and Tunisian officials discussed in Tunis Tuesday means of developing trade exchanges and economic relations, in addition to facilitating movement of goods between the two countries.