Economy - TRENDS MENA

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.
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
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.
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
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
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
This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set...
The move is said to be part of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision to make the emirate economically attractive
The vision looks to achieve this by helping entrepreneurs set up and run businesses much more easily
Maersk will set up a Logistics Park at Jeddah Islamic Port.
Maersk will set up an Integrated Logistics Park at Jeddah Islamic Port, investing more than SAR500m
The agreement is a step to make Jeddah Islamic Port among the top ten ports in the world by 2030
Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the...
Israel expects 100,000 tourists a year from the UAE and Bahrain, with each tourist spending $1,500 per vacation
The Jewish state is expected to make $150 million annually in revenues from the Gulf tourists
The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by...
The multi-year plan is said to represent one of Bahrain’s largest economic reform programs
It apparently aims to enhance the economy’s long-term competitiveness and support the post-Covid-19 recovery