Qatar’s customs and tax departments link up e-services to ‘facilitate’ business
Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...Business Economy
Central Bank of Egypt keeps interest rates unchanged
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...Economy
Qatar and Turkey to extend currency swap deal between their central banks
Qatar and Turkey have announced they agreed to extend a currency swap deal between their central banks, as Ankara’s lira...The swap deal came during Turkish President Recep Tayyip Erdogan’s visit to Doha.
The agreement in 2018 was extended for the first time in May 2020, with the overall limit increased from $5 bn equivalent of Turkish lira and Qatari riyal to $15 bn.
Dubai’s carbon emissions have fallen by 22 percent in 2019
Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
Three laws introduced in UAE after the biggest-ever amendments
The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of...The laws are the Commercial Companies Law, Commercial Registry Law and the Trademarks Law.
Commercial Companies Law abolishes the maximum and minimum percentage of the founders’ contribution to the company’s capital at the time of the public offering
Qatar budget outlay to go up 5% for World Cup
A minister said the rise in budget was due to the ‘temporary increase’ in expenses related to the World Cup.The emirate's planned expenses for 2022 rose by 4.9 percent from last year to QAR204.3 billion ($55.7 billion)
Qatar conservatively projects total revenue of QAR196 billion, based on an average oil price of $55 a barrel
KSA and Oman draw closer, sign deals worth $30bn
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman...Saudi and Omani companies "signed 13 memoranda of understanding worth $30 billion", the official Saudi Press Agency reported
According to SPA, he will also visit the United Arab Emirates, Bahrain, Kuwait, and Qatar
UAE first to have 4.5-day workweek in the world
Official sources said the country would, from January 1, ‘transition to a four and a half day working week,’ with...From January 1, all government entities may have eight working hours a day from Monday to Thursday, from 7:30 am to 3:30 pm
Fridays will apparently have 4.5 working hours: from 7:30 am to noon, with Friday sermons and prayers held after 1:15 pm
Libya central banks to reunite after 7-year split
Libya collapsed into years of violence after the 2011 fall and killing of dictator Moamer Gadhafi in a NATO-backed revolt....The existence of two central banks has complicated the handling of Libya's vital oil revenues and control over monetary policy
This has contributed to runaway inflation and a liquidity crisis, despite the country's vast crude reserves
Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
Oman budget deficit down by 62.9 percent as oil prices recover
The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period...Oman’s total general revenues as at the end of October had increased 28.1 percent and stood at RO8.33 billion ($21.67 billion)
The revenues stood at RO6.5 billion ($16.91 billion) during the corresponding period in 2020
Saudi Arabia to speed up real-estate title registration
The move is expected to raise the country’s ranking in relevant international indexes.Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds
