- The cards would continue to work on Russian territory because all payments in Russia are made through a national system...
Mastercard decided to suspend its network services in Russia while Visa will cease all Russians transactions over the coming days
Russia's central bank has warned Russians traveling abroad that they should carry alternate means of payment
- Haoula considers it extremely important to sustain family businesses as a recognition for their efforts historically, and for the advantages...
Corporate tax in the UAE is expected to be among the most competitive in the world, due to the 9% introductory rate and no tax for profits up to $102k
Personal income that does not come from a licensed business or commercial activity in the UAE will not be subject to corporate tax
- The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the...
Europe's recovery would be at risk if the military conflict escalates, according to VP-Senior Credit Officer at Moody's, Kelvin Dalrymple
Rising prices for commodities from the region, such as oil, grains and metals, are increasing inflationary pressures, Moody's said
- Thanks to a spike in crude oil prices pushed beyond $100 by the Russian-Ukraine conflict, the stock markets of Saudi...
The Saudi index "TASI" rose by 2.6 percent and the Dubai index rose by 4.7 percent. The Abu Dhabi index achieved the highest increase by 7 percent monthly
On February 28 the Abu Dhabi index experienced its highest one-session rise since December 6, climbing 2.2 percent
- Malaa Technologies will launch its banking operations in Saudi Arabia after it obtained an approval from the kingdom’s central bank.
Malaa has concluded its integration efforts with the Arab National Bank’s systems to become the first lender whose customers can link their accounts directly through open banking
It seeks to contribute to the National Savings Strategy and plans to work with the financial sector development program partners to achieve these goals
- The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two...
The deal holds considerable significance as trade exchange between Saudi Arabia and Jordan was still “below expectation” despite common interests
Saudi Arabia is the second-largest commercial partner for Jordan
- The UAE Government on Friday announced the official working hours during the holy month of Ramadan for ministries and federal...
The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the month
The rules for working from home stipulate that both employees and their work should meet related requirements
- Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60...
Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country
Chanel, which has 17 stores in Russia, said that “major uncertainty and the complexities of operating” had led it to temporarily suspend its operations in the country





















