Business & Money | Tuesday 26 December, 2017 11:54 am

How Will VAT Impact the GCC Mobile Phone Market?

With VAT of 5% becoming effective across the UAE and Saudi Arabia on January 1st, and the rest of the GCC following suit later in 2018, questions are being asked about what this means for the region's mobile phone market. International Data Corporation (IDC) monitors this space on a continuous...

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Business & Money | Tuesday 26 December, 2017 11:40 am

wasl properties Completes ‘wasl district’

wasl properties, a subsidiary of wasl Asset Management Group, has officially completed wasl district – the company’s heritage project in the Naif area of Deira. The project fulfils wasl’s mission to maintain the city’s rich history, and follows the launch of wasl district...

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Business & Money | Tuesday 26 December, 2017 10:00 am

Saudi Arabia’s Oldest Bank Beats Region’s Best to Win Two Corporate Excellence Awards

Alawwal bank won the Middle East’s ‘Best retail bank’ and ‘Banking CEO of the year’ at the recent Lefonti Awards held in Dubai. The awards are part of an international programme celebrating corporate excellence amongst the region’s most recognisable...

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Business & Money | Tuesday 26 December, 2017 5:43 am

Al Dhaheri Jones & Clark reports 73 per cent growth in VAT registrations

As the date for the implementation of value-added-tax (VAT) draws closer, Al Dhaheri Jones & Clark (ADJC) reported a 73 per cent growth in VAT registrations. The company has anticipates further surge in the number of registrations this month.   “As the deadline for VAT nears,...

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Business & Money | Tuesday 26 December, 2017 4:39 am


 SAR15 billion Saudi textile industry should capitalise on AI and latest innovations

The SAR15 billion, Saudi textile industry is on the threshold of several major advantages due to the current reforms in the country and rising population. The Saudi textile imports are increasing at 13-15% annually as per reports and this in another indicator of the robust growth and demand...

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Business & Money | Tuesday 26 December, 2017 3:30 am

SOUQ and Xiaomi bring ‘Mi Fest’ for customers in KSA

SOUQ.com and Xiaomi have announced ‘Mi Fest’ for customers in the Kingdom of Saudi Arabia from 24- 27 December. Customers in KSA are in for a treat as the four-day festival will feature exciting and incredible deals on all the latest technology and products on Xiaomi Brand Store on ...

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Business & Money | Monday 25 December, 2017 2:00 pm

MITEF Saudi Startup Competition Draws More than 2,500 Entries

MIT Enterprise Forum Saudi Arabia’s annual Startup competition has attracted 2,536 entries for 2018 – up 14 percent on the previous year.   Under the theme ‘‘Create your tomorrow’’, the competition has three categories – ideas, startup, and...

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Business & Money | Monday 25 December, 2017 12:39 pm

Najm showcases its latest traffic safety technology at the Fourth Traffic Safety Forum and Exhibition

Najm Company for Insurance Services participated in the fourth Traffic Safety Forum and Exhibition, organized by the Saudi Traffic Safety Society (SALAMH). The exhibition, themed “The Role of Smart Technologies in Enhancing Traffic Safety”, was held in Dammam from the 11th till the 13th ...

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Business & Money | Monday 25 December, 2017 12:32 pm

Saudi Ministry of Finance issues local bonds in Riyadh

Saudi Ministry of Finance announced the completion of receiving additional investors’ requests for issuance of local sukuk by re-opening its fourth IPO for the second time under Saudi Government local currency sukuk program. The last initial public offering (IPO) was made in October. The ...

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Business & Money | Monday 25 December, 2017 12:22 pm

Emirati boat manufacturer Al Marakeb announces launch of UAE and Middle East’s first locally made dual-use USV model

Al Marakeb Boat Manufacturing Company, a leading UAE based maritime company building high-performance Glass Reinforced Plastic (GRP) and marine autonomous vessels, has revealed the launch of its latest offering, the B7X. The new model, which can be utilized for both manned and unmanned operations,...

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