Economic & Business News

Saudia most positively identified brand among Saudi millennials

(Saudi Gazette - 9/25/2018 8:44:00 AM)

In a day and age of fast moving technology and tech savvy generation, it is no surprise that smartphone giant iPhone is the most positively talked about brand among millennials in the UAE while Facebook is the most popular brand with youngsters in Egypt. ...

OCCI's seminar to focus on VAT

(Times of Oman - 9/25/2018 8:35:00 AM)

The Oman Chamber of Commerce and Industry (OCCI) will launch the first specialised seminar on Tuesday, which is part of the annual programme for Umsiyat, an initiative promoted by the OCCI board of directors for 2018-2022.

The seminar will be ...

VAT on entertaining staff ‘non-recoverable’:Tax authority

(Gulf News - 9/25/2018 7:49:00 AM)

Entertainment services supplied to employees, such as staff parties and retirement gifts, should not be exempt from Value Added Tax (VAT), the Federal Tax Authority (FTA) has said.

The authority noted in a statement posted on its website Monday ...

Qatar, Oman chambers ink cooperation protocol

(The Peninsula - 9/25/2018 7:39:00 AM)

Qatar Chamber (QC) and Oman Chamber of Commerce and Industry announced yesterday that they would intensify cooperation and collaboration in organising the “M ade in Qatar 2018” which will be held in Muscat in November, at Omani Exhibition and Convention ...

Qatari businesswoman’s innovative startup a big hit

(The Peninsula - 9/25/2018 7:37:00 AM)

A Qatari woman is running a unique business of taking picture of newly-born babies from the postnatal unit at the facility of a famous private hospital in Qatar.

The government always encourages young Qatari entrepreneurs to launch innovated ...

Mandatory health insurance set for early 2019 roll-out

(Oman Daily Observer - 9/25/2018 7:31:00 AM)

An estimated 2.09 million Omani and expatriate employees of private sector establishments in the Sultanate will be eligible for Mandatory Health Insurance coverage, which is proposed to be implemented in a series of stages starting from early next year. ...

FTA clarifies VAT policy on entertainment

(The Gulf Today - 9/25/2018 7:26:00 AM)

The Federal Tax Authority (FTA) has determined the “Entertainment Services” supplied to employees, for which registered businesses cannot recover the taxes they incurred, explaining that these are mainly the expenses associated with activities to ...

UAE group Al Dahra plans $500m investment in Romania

(Trade Arabia - 9/25/2018 7:24:00 AM)

UAE-based Al Dahra group has announced that following its recent acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company is planning to invest an additional $500 million in Romania over the coming five years, in ...

UAE bank assets surge to $762bn in August

(Trade Arabia - 9/25/2018 7:20:00 AM)

The UAE gross bank assets amounted to Dh2.8 trillion ($762 billion) by the end of August 2018, 4 per cent up from Dh2.694 trillion by the end of December 2017, a media report said.

Gross credit increased to around Dh1.633 trillion by the end of ...

UAE group Al Dahra plans $500m investment in Romania

(Trade Arabia - 9/25/2018 7:16:00 AM)

UAE-based Al Dahra group has announced that following its recent acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company is planning to invest an additional $500 million in Romania over the coming five years, in ...

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