The World Trade Organization's 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the...
Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...
Jordan’s Ministry of Industry, Trade and Supply will be establishing these projects as part of its implementation of the government's...The move is expected to boost the competitiveness of Jordanian industry locally and abroad
The establishment of the national projects is also expected to include the building of a fund to support and develop local industry
KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of...Federation of UAE Chambers and Kuwait Chamber hold a meeting to discuss ways of promoting investment opportunities.
Kuwait Chamber chairman expects Kuwait-Abu Dhabi cooperation in healthcare, education and food security.
A new electoral law in Iraq will mean that when Iraqis go to the polls on Sunday, they will vote...The elections will have voters choose individuals running as independents rather than members of political blocs.
Those disillusioned with the political class fear these individuals will spend no time supporting blocs when elected.
Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in...In the GCC, Saudi Arabia and the UAE were the first to introduce a VAT system in January 2018
Bahrain followed a year later, and Oman brought in the tax in April 2021
- There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according...
The relaxation of the regulations boosted customer demand, the latest IHS Markit report said, helping businesses expand their output
The seasonally adjusted Purchasing Managers’ Index (PMI) surged to 58.6 in September from 54.1 in August
- UAE Minister of State Ahmed Ali Al Sayegh recently met with Australian Minister for Trade, Tourism and Investment Dan Tehan...
The volume of non-oil trade exchange between the two countries during 2016-2020 amounted to about $15.7 billion
The value of mutual investments between the two countries since 2003 exceeded $5 billion
The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and...The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks
The authority hosts RegTech events focusing on driving compliance through innovation
Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.This is part of the Saudi Central Bank’s strategy to build on the goals of the Financial Sector Development Program
The program aims to reduce cash transactions while raising electronic payments to 70 percent of all transactions by 2025
The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's...The law would include the right to be forgotten, the right to access, and the right to information
It will have a low cost of compliance, so as not to burden Small and Medium Enterprises
Last few years have seen a lot of tension between governments and central banks around the world, on the one...Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.
