Dubai expects 70% companies to shut businesses in next six months
The survey was conducted on 1,228 CEOs across various sectors during the period between April 16 and April 22...
Tag : Gulf
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...
Beleaguered South African Airways gets $240 million bailout package
The state-owned airline has not been able to generate revenues and has managed to survive largely due to government rescue packages...
Saudi Aramco shares fall $200 bn amid fears of impending US-Iran war
Under the shadow of a US-Iran clash, Saudi Aramco shares have plunged by 10%...
Kuwait inks 15-year pact with Qatar to import gas from 2022
Kuwait’s dire need of gas to be fulfilled from 2022...
‘UK mortgages enquiries soar by 45%’
Prompted by weakened sterling and likely rate rise...
Trump lauds Exxon efforts to create local jobs
The oil producer plans to invest $20 billion through 2022 on the US Gulf Coast...
Divisa Capital raises $100 million of new funds
It will be used for expansion and increase of interbank credit lines...
Hiring on the decline in UAE
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
Saudi Arabia mulling over income tax on expats
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...