Real estate transactions worth over US$74m take place in Qatar in week
DOHA, QATAR - The volume of real estate trading in the country in sales contracts at the Department of Real...Business
APICO posts 29% profit increase
It will proceed with an IPO of 20 percent of its capital on Nomu.The plastic manufacturer reported an increase in revenue to $31 million during the year
The book-building period will be led by Yaqeen Capital and shall start on September 11 and end on September 13
Vodafone agrees to sell Hungary unit for 1.8 bn euros
The London-listed giant added in a statement that the proposed sale would create Hungary's second largest fixed-line and mobile telecoms...A Vodafone spokesman said proceeds will be used to deleverage its balance sheet, or cut debt, as it looks to build scale in other markets
European heavyweight Vodafone, which has been restructuring for several years, expects the sale to complete at the end of 2022
Unified financial network set to boost Gulf economies
GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother...GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother for citizens and residents
The Central Bank of Saudi Arabia recently launched a point-of-sale service between its national payments network "Mada" and the Qatar national network "NAPS"
UAE investments in Egypt rise by 169% in 6 months
In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about...In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion
The value of remittances from Egyptians working in the UAE rose by 1.4 percent, reaching US$3.5 billion during the 2020-2021 fiscal year
Flyadeal adds A320neo to fleet
It raises Saudi low-cost airline's fleet strength to 26.The new Airbus aircraft made its first landing in the kingdom at King Abdulaziz International Airport in Jeddah
The CEO said that the fleet expansion will contribute to increasing the number of flights, providing more seats, and serving new customers
Dubai Media Inc affiliated to Dubai Media Council
In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has...Sheikh Mohammed issued a decree appointing Sheikh Hasher bin Maktoum bin Juma Al Maktoum as Chairman of DMI.
DMI has a strategy will leverage the expertise of a young and talented Emirati workforce to make the leap in delivering quality media content
Pegasus spyware firm to focus on NATO countries, CEO to step down
The indebted, privately owned company also said it would focus sales on countries belonging to the NATO alliance. In July...CEO Shalev Hulio will step down and the firm's chief operating officer Yaron Shohat will now "take the lead" and manage the reorganisation process,
Pegasus spyware is used to infiltrate mobile phones and extract data or activate cameras or microphones.
Iran’s largest steel maker suspended from trading on Tehran exchange
According to the parliamentary report, which was published by several local media outlets, the firm paid huge sums of money...Located in central Isfahan province, Mobarakeh plays a major role in Iran's economy and is the owner of local football team Sepahan.
In January last year, Iranian lawmakers voted to launch an investigation into Mobarakeh's affairs to examine issues including "the reasons for its decrease in export volume".
Saudi business tax payers asked to submit July declaration
The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT)...The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a penalty.
Penalty will be charged at a minimum of 5 percent and a maximum of 25 percent of the tax value which the taxpayer had to declare.
GIS, DIH mull merger
Qatar Central Bank has provided in-principle no-objection to both firms.The potential merger is likely to create one of the largest local insurance companies.
The creation of huge insurance company is in line with the Qatar National Vision 2030.
