Saudi Arabia eyes $13 billion from media sector
Riyadh, Saudi Arabia - Saudi Arabia aims to increase the media sector's economic contribution, targeting a GDP share of 47...Economy
Enhanced norms help UAE win financial crime battle
“This has led to heightened compliance levels with the country's laws, aligning with global efforts to combat money laundering and...Economy
Qatar Ministry of Transport signs pact with Qatar Rail
Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the...Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways
The agreement comes in the context of the efforts of the Ministry of Transport to provide an integrated, world-class, multimodal transit system
Saudi Ministry of Transport signs MoUs with its Omani Counterpart
The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his...The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali
The MoU is geared to benefit from the unique geographical location of the two countries and achieve the objectives of the national strategy for transport and services
Sunny but isolated, Cyprus toils to boost green energy
Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy...Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan
In October Cyprus also signed a deal with Greece and Egypt to transfer electricity through lines connecting the three countries
JNTO opens its first office in Dubai in bid to draw more GCC tourists
Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
Dubai Economy, Golden Radiant help DED licensed traders to widen reach
Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
No plan to reduce VAT any time soon, says Saudi minister
Saudi Arabia will not reduce value added tax any time soon, but will consider doing it when it public finances...There will be no VAT cut anytime soon, he told the media, on the sidelines of the Group of Twenty (G20) meetings in Rome
Al-Jadaan expects the Kingdom's general budget to record a deficit at the end of this year
Federal Tax Authority to implement new procedures for tax registrants
The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions.The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions
The Authority will review the reconsideration request and issue a decision, giving its reasons within 40 business days
UAE, UK to conduct exercise to toughen border controls against illicit finance
A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the...A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold
Over a week, Dubai and Abu Dhabi-bound flights from the UK were subject to increased security to check if criminal groups were attempting to smuggle cash and gold from the UK
