DAMMAM: Nearly 40 percent of startups launched in Saudi Arabia in 2016 are owned by women, “which highlights how the role of women in economic development has flourished,” said the Governor of the General Authority for Small and...[more]

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Economic growth in the UAE is expected to increase to at least 3 percent in the medium term on the back of Expo 2020, according to Bank of America Merrill Lynch’s GEMs Macro monthly report.

 

The bank's MENA economist...[more]

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RIYADH, Sept 26 (Reuters) - Saudi King Salman on Tuesday ordered that women be allowed to drive cars, state media said, ending the conservative Islamic kingdom's status as the only country where that is forbidden.

 

The royal...[more]

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Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has approved a set of implementing regulations for value-added tax, a press statement said.

 

The statement said that the authority’s board of directors, chaired by the...[more]

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ABU DHABI - The non-oil sector of the United Arab Emirates economy is expected to grow 3.1 percent this year, accelerating to 3.5 percent next year, central bank governor Mubarak Rashid al-Mansouri said on...[more]

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Saudi Arabia and the UAE are both set to introduce value-added tax (VAT) at a rate of five percent starting next January, but there are a number of differences in how they plan to implement it.

 

All six members of the Gulf...[more]

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DUBAI- Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector according to DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem.

 

A BMI report published recently forecasts a steady rise...[more]

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