Saudi Arabia clarifies on income tax after finance minister's comment
Saudi Arabia has clarified that introducing an income tax is not under discussion. And that the subject has not been…
Comment & Analysis
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Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
Banque Misr raised its stake in CI Capital Holding for Financial Investments on Tuesday from 7.3% to 10.16%, buying 28.643m…
NBE, Banque Misr support Egypt's Health Ministry by LE 60M to counter COVID-19
The Egyptian Ministry of Health and Population signed a cooperation protocol with the National Bank of Egypt and Banque Misr…
MUFG expects 2021 recovery in the MENA region
An MUFG MENA Economic roundtable suggested that the COVID-19 pandemic, combined with the oil price shock of the first half…
Loans worth $537mln approved for SMEs – Central Bank of Jordan
The Central Bank of Jordan, since the onset of the pandemic until July 16, has approved 3,942 loan requests at…
Dubai expatriates race for new jobs after virus layoffs
Mustafa, a hipster Pakistani graphic artist, has a month to find a new job or be forced to leave Dubai…
Faisal Islamic Bank's profit down 54% in Q1 2020
The consolidated financial results of Faisal Islamic Bank of Egypt showed a 53.6% year-on-year drop in its net profits to…
Qatar has lowest ‘2020 central government deficit-to-GDP ratio’ in GCC, says S&P
Qatar has the lowest “2020 central government deficit-to-GDP ratio” in the GCC at 10%, S&P Global said and noted fiscal…
Blockchain poised to shape UAE's digital future
Blockchain technology is poised to shape the UAE's future as the nation adopts its digital economy agenda. Businesses have realised…
BCG Global Wealth Report 2020: 54.5 percent of the Kindom of Saudi Arabia's wealth in 2019 headed by millionaires
The 20th annual study of global wealth management conducted by Boston Consulting Group has taken a 20-20 view of the…
Customer trust in UAE banks remains high, at 76%
More than three-fourth of UAE bank customers trust their banks, with 76 per cent having a high trust in the…
GCC construction market estimated at $2.5 trillion by end of June
With over 22,000 active projects, the GCC construction market has been estimated to be $2.5 trillion at the end of…