Business & Money | Friday 2 October, 2020 7:11 pm

Saudi Arabia exempts realty sector from 15% VAT, sets new tax at 5%

Custodian of the Two Holy Mosques King Salman issued a royal order early Friday relating to the real estate sector in the Kingdom.The order exempts real estate deals from a 15 percent value-added tax (VAT) and imposed a new 5 percent tax on transactions, the Saudi Press Agency reported.Commenting...

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Business & Money | Friday 2 October, 2020 1:00 am

Mohamed Ali Bouabane Appointed Chief Executive Officer of AIG Gulf Cooperation Council (GCC) and North Africa

American International Group, Inc. (NYSE: AIG) Europe, Middle East and Africa announced that Mohamed Ali Bouabane has been named Chief Executive Officer of AIG GCC and North Africa.  In his new role, Mr. Bouabane will manage AIG’s multiple country operations in the UAE, Egypt, ...

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Business & Money | Thursday 1 October, 2020 3:25 am

For The First Time In Gcc, Great Place To Work Reveals 2020 Best Workplaces For Women

Great Place to Work®, the global authority on high trust workplace culture, announces for this first time in region the 2020 Best Workplaces for Women in GCC. Ibrahim Mougharbel, Managing Director, Great Place To Work® UAE said: “Our research shows that men have a better experience at work ...

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Business & Money | Wednesday 30 September, 2020 8:50 pm

Farnek Appoints Aburok To Drive Business Growth Strategy

Leading UAE-based smart and green facilities management (FM) company Farnek has appointed Khaldun Aburok as director of business development.  Aburok’s previous experience in business development includes a senior role with major Japanese corporation OMRON, a global leader in the field...

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Business & Money | Wednesday 30 September, 2020 6:50 pm

National Bank Of Bahrain Selects Finastra To Future-proof Treasury Business

National Bank of Bahrain is live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move will enhance and automate the bank’s treasury and trading operations, including price calculations, trader activity monitoring and risk management, enabling it to offer...

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Business & Money | Wednesday 30 September, 2020 1:20 pm

Dabur Amla joins hands with Friends Of Cancer Patients and Tips & Toes to support hair donation drive

‘Strong Hair, Stronger You’ initiative aims to encourage hair donation during international breast cancer awareness month and beyondHair donated through the month of October will be used to make high quality hair prosthetics for breast cancer patientsThe initiative will then continue till...

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Business & Money | Wednesday 30 September, 2020 11:47 am

Added Signs Mous With 10 Leading National Banks To Enhance Business Environment Within Abu Dhabi’s Industrial Sector

The Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development (ADDED) has signed new Memorandums of Understanding (MoUs) with 10 leading national banks in the UAE aimed at enhancing the credit environment for Abu Dhabi’s industrial and commercial sectors. The move...

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Business & Money | Wednesday 30 September, 2020 2:43 am

Zain KSA: Refinances the joint Murabaha contract at preferential terms

Zain KSA announced it has successfully signed an agreement for rescheduling its SAR 3.85 billion syndicated Murabaha financing facility with a consortium of eight banks on September 27, 2020. The refinancing facility is part of a previous refinancing agreement of an amount of SAR 5.9 billion...

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Business & Money | Wednesday 30 September, 2020 2:00 am

Ge9X Engine Achieves Faa Certification

The GE9X engine has been certified by the U.S. Federal Aviation Administration (FAA) authorities, a key milestone in its journey to power the new twin-engine Boeing 777X family. The FAR (Federal Aviation Regulation) Part 33 certification involved eight test engines. This certification...

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Business & Money | Wednesday 30 September, 2020 12:40 am

Euromoney launches The REDF Saudi Housing Finance Conference on 1st October

The REDF Saudi Housing Finance Conference will launch in October as Euromoney’s second digital Saudi Series.  All the great interview, panels and exclusive content you have come to expect from our annual spring REDF conference will be streamed online live, interactive and on demand. The ...

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