Saudi Telecom to buy 55% stake in Vodafone’s Egypt unit
The Saudi Telecom deal for Vodafone Egypt is expected to cost around $2.4 bn...
Tag : Saudi Arabia
Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...
Saudi Arabia to pump Aramco IPO proceeds into its economy
Around $30 bn will be invested in different sectors over the years including defence...
Adnoc, Eni to tap into new opportunities in oil and gas sector
They will explore opportunities in carbon capture utilisation and storage as well as research and development...
IEA says no impact on oil market despite US-Iran row
Oil prices have fallen after leaping $4 per barrel...
UAE, Saudi banks expect increase in loan demand in 2020
Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit...
Cashless society: epayments catch fire in Saudi Arabia
Saudi Arabia achieved 36% epayments out of all payments in 2019 against a target of 28% for 2020. Is this growth sustainable?...
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%...
Saudi bans combined insurance, reinsurance businesses
The decision will further prevent ‘wrong practices’ in the industry...
Saudi Telecom Company launches new brand across Middle East
The brand has been launched in Saudi Arabia, Bahrain, and Kuwait...