Business & Money | Wednesday 25 November, 2015 3:54 am

Land tax to bring down house rent

With the Cabinet’s nod to impose 2.5% tax on unused plots of land in urban areas, house rent will decrease and competition in the housing sector will increase, according to real estate experts. “I encourage the private sector to cooperate with the Ministry of Housing to provide...

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Business & Money | Wednesday 25 November, 2015 2:56 am

466,000 women recruited in private sector last Hijri year

The private sector has employed over 466,000 women in the last Hijri year and this number has doubled compared to the number of employed women three years ago which was 203,000 said Abdul Minim Al-Shihri, deputy minister of labor for special programs. He added that the initiatives and programs of...

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Business & Money | Wednesday 25 November, 2015 2:53 am

UAE hails ‘first woman in Arab world’ to head national council

The United Arab Emirates (UAE) made history on Wednesday when it appointed Amal Al-Qubaisi as president of the country’s Federal National Council (FNC), making her the Arab world’s first woman to be elected to the role. Early last month, nearly 79,000 Emirati voters elected 20...

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Business & Money | Wednesday 25 November, 2015 2:18 am

Ideal Standard’s latest innovations under the spotlight at the Big 5 exhibition

Ideal Standard, one of the leading providers of innovative total bathroom solutions operating across Europe, Middle East and Africa, is presenting an overview of its latest bathroom product portfolio at Big 5 Dubai, the largest construction event in the Middle East.    At the...

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Business & Money | Tuesday 24 November, 2015 1:00 pm

RAFAL Launches its Sales Office at Burj RAFAL Community

As part of its strategic customer service plans, RAFAL real estate company inaugurated the Company’s first sales office in the Kingdom. RAFAL Sales office will serve RAFAL’s unique products portfolio, existing and future communities; it will also give the customers the opportunity to ...

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Business & Money | Tuesday 24 November, 2015 9:39 am

Local SMEs Hold Little Appeal for 94% of Young Women Jobseekers in the GCC

Despite the decades of regional advancements that have led to the improvement of gender equality in education, according to the OECD less than one in three women in MENA today are in the labor force. A white paper entitled ‘First Jobs for Young Women in the Middle East & North Africa:...

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Business & Money | Tuesday 24 November, 2015 4:13 am

Tawuniya participates in the Annual Conference for Middle East Markets and Developing Markets

The Company for Cooperative Insurance (Tawuniya) participated in the annual MENA & Frontier Markets Conference, which was held in Riyadh last week and was sponsored by the American Merrill Lynch Bank. The main objective of Tawuniya participation in the conference is to improve the levels of...

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Business & Money | Tuesday 24 November, 2015 4:08 am

SAOGE features 180 oil and gas firms from 25 countries

The 7th Saudi Arabia International Oil and Gas Exhibition 2015 (SAOGE) opened on Monday, with the participation of 180 companies from 25 countries. Sixty percent of the firms are local. Khaled bin Mohammed Al-Batal, undersecretary of the Eastern Province (EP), did the inauguration on behalf of...

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Business & Money | Tuesday 24 November, 2015 4:06 am

Cabinet clears 2.5% tax on vacant land

The Cabinet approved on Monday the Shoura Council's decision to impose an annual 2.5 percent fee on undeveloped urban land designated for residential or commercial use, a major step in addressing a shortage of housing and developing the tax system.   The decision was taken at a...

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Business & Money | Tuesday 24 November, 2015 2:17 am

4TH ANNUAL MIDDLE EAST LIGHTING AND ENERGY SUMMIT 2015 STARTED

The Middle East region’s foremost lighting summit, the 4th Annual Middle East Smart Lighting and Energy Summit 2015, got underway at Jumeriah at Etihad Towers in the city yesterday. Held under the patronage of the Abu Dhabi City Municipality and organized by global conference producers,...

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