Saudi Arabia triples taxes, cuts $26B in costs amid pandemic
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major…
Comment & Analysis
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Kuwait banks yet to decide on distribution of cash dividends for 2020
Banks in Kuwait are yet to take a decision on the distribution of cash dividends this year as the global…
Resilience keeps Qatar banks on track for growth
Despite the first quarter of 2020 manifested a significant impact of the international volatility on the global banking industry, Qatar’s…
Oman weighs seeking financial aid from Gulf countries
Oman has discussed the possibility of financial aid with other Gulf states to help it cope with the economic impact…
The world economy on a tightrope
The COVID-19 pandemic is a global health crisis without precedent in living memory. It has triggered the most severe economic…
Saudi trade surplus declines 25% in 2019
Saudi Arabia has achieved a trade surplus worth SAR 439.43 billion in 2019, down by 25.5% when compared to SAR…
Dubai's Deira City Centre set to open new section after $102.6mln revamp
Majid Al Futtaim, a leading shopping mall developer and leisure pioneer in the region, has announced that work is nearing…
Dubai continues to see big confidence from health sector investors
The Dubai Health Authority provided licenses to 37 health facilities and 2,340 health professionals from the beginning of this year…
EBRD and JPMorgan Chase Foundation to support small businesses in Turkey
First grant from a private philanthropic organisation Supporting economic inclusion and women-led businesses Turkish micro, small and medium sized enterprises…
UAE Central Bank expects economy to rebound from second half of 2020
The UAE economy is expected to begin recovery in the second half of 2020 following the sharp downturn experienced in…
Mena IPO deals raise $814.2m in first quarter of 2020
The Mena region recorded an increase in IPO volume and value during Q1 2020, with four IPOs - including one…
UAE is 3rd most attractive target for cybercriminals
UAE residents, along with people in other countries such as Sweden, Norway and the US, are the most attractive targets…