Renewable energy, sustainability drive GCC growth
The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for...Economy Climate Change
Saudi Arabia offers 30-year tax cut to businesses shifting hqrs to kingdom
Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...Business Economy
Bahrain unveils $1.2-billion stimulus package for Covid-hit sectors
The king has issued a royal decree to extend a number of initiatives for three months Bahrain’s Crown Prince and...
Tax or no tax, UAE aims to remain magnet for investors
The G7 powers have endorsed an agreement on a global minimum corporate tax The UAE is one of the world's...
FTA announces law reform to help taxpayers
It confirmed as much during its first tax agent virtual session of 2021 The reforms will entail amending some provisions...
Saudi GDP drops 3% in Q1 as oil sector takes a hit from low output
The main reason for the drop was the 11.7 percent contraction in the oil sector Private sector and non-oil sector...
Saudi Arabia wants to be first trading partner of Egypt
There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion More than 518 Egyptian companies operate in...
Egypt’s food inflation to get worse as economy revs up
Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to...
France to invest 3.8bn euros in Egypt projects
Egypt's public transport, renewable energy sectors among 9 other projects to receive investment With the billions in financing, Egypt has...
Abu Dhabi most liveable city in Middle East
The Economist Intelligence Unit's Global Liveability Index ranks 140 most liveable cities in the world Abu Dhabi's top rank attributed...
Lebanon currency drops to new low as financial meltdown deepens
The Lebanese pound has lost around 90% of what it was worth in late 2019 Matters made worse by the...Saudi economy is 30% of $2.39 trillion Arab economy
The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab...
