Economic & Business News

Dubai’s smart car rental fleet rises to 400

(Trade Arabia - 9/24/2018 7:11:00 AM)

Dubai’s Roads and Transport Authority (RTA) has added 200 vehicles to the smart car rental fleet, bringing the total number to as many as 400 vehicles. The move follows the success of the initial stage and the increasing demand generated by the service, ...

Kuwait central bank looks to regulate ‘e-payment’ system

(Arab Times - 9/24/2018 7:06:00 AM)

The Central Bank of Kuwait (CBK) has issued instructions for all service providers, including companies and institutions, to register in its electronic payment system.

All service providers are required to regulate their e-payment transactions ...

Saudi Arabia is a land of opportunities for British businesses, UK diplomats say

(The National - 9/23/2018 7:47:00 AM)

Current and former British ambassadors to Saudi Arabia have urged UK businesses to seize the chance to benefit from the kingdom's Vision 2030 ambitions.

Sir Alan Munro, who served as ambassador from 1989-1993, and the current ambassador Simon ...

Gulfood forum to showcase advanced manufacturing as consumer demand surges

(Saudi Gazette - 9/23/2018 7:45:00 AM)

The fifth edition of Gulfood Manufacturing, the Middle East’s largest food and beverage processing forum which runs at Dubai World Trade Centre (DWTC) this November, promises to be the Gulfood spin-off’s most well-rounded and forward-looking exhibition ...

OCCI to organise specialised seminar on VAT

(Times of Oman - 9/23/2018 7:32:00 AM)

The first specialised seminars entitled "Value Added Tax (VAT): The Motives, Objectives and Potential Impacts on Economy and Development" organised by the Oman Chamber of Commerce and Industry (OCCI) will begin on Tuesday, as part of the annual programme ...

Dubai Land Department signs off Dh131b via service centres

(Gulf News - 9/23/2018 7:25:00 AM)

A total of Dh131 billion — that’s what Dubai Land Department affiliated service centres cleared by way of property transactions between January and end August. This they did by serving more than 39,000 investors, according to the latest ...

Sohar Port plans 1 GW solar farm project

(Oman Daily Observer - 9/23/2018 7:15:00 AM)

A world-scale solar farm project of around 1 gigawatts (GW) at full capacity is envisioned for development at Sohar Port and Freezone — part of a multifaceted strategy to support sustainable ‘green’ energy initiatives at the industrial hub. The ambitious ...

Registration for ‘Tax Refund Scheme for Tourists’

(The Gulf Today - 9/23/2018 7:11:00 AM)

The Federal Tax Authority (FTA), has invited retailers, outlets and shops registered for Value Added Tax (VAT), to register in the digital system of the Tax Refund Scheme for Tourists, which will come into effect as of the fourth quarter of ...

Sharjah, ASEAN explore economic ties

(The Gulf Today - 9/23/2018 7:10:00 AM)

Sharjah has welcomed the ASEAN community’s growing interest in the emirate’s robust and rapidly diversified economy, which attracted $1.63 billion in foreign direct investments in 2017 recording a sizeable jump in growth compared to 2016.


UAE Transport Authority partners with top Irish institute

(Trade Arabia - 9/23/2018 7:07:00 AM)

The UAE Federal Transport Authority-Land and Maritime (FTA) has signed an agreement with Ireland-based Cork Institute of Technology (CIT).

The MoU aims to implement collaborative programmes and projects between both sides in the areas of ...