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Abu Dhabi: VAT Contributing to Weaning UAE off Oil
United Arab Emirates >> 1/1/2018 - The concerns emanating from the application of the Value-Added Tax (VAT) are overrated, as its impact on the country's business sector will be in the minimal and will rather generate myriad benefits f...
Egypt: Bitcoin Trading Is Unlawful Pursuant to Islamic Sharia, Says Egypt's Grand Mufti
Egypt >> 1/1/2018 - Trading of the world's leading cryptocurrency Bitcoin is unlawful in accordance with Islamic Sharia, Egypt’s Grand Mufti Shawki Allam.

In an official fatwa, Allam said that trading such a "vi...
Saudi: SAGIA and MBSC Sign Agreement to Support Entrepreneurship
Saudi Arabia >> 1/2/2018 - Saudi Arabian General Investment Authority (SAGIA) and Mohammed Bin Salman College for Business and Entrepreneurship (MBSC) signed here today an agreement to support pioneering projects in the Kingdom...
Egypt's FX Reserves Expected To Rise to $39.8bln in 2018
Egypt >> 1/2/2018 - Egypt's foreign exchange reserves are expected to jump in the next financial year 2018-2019, as it is expected to rise to a new record at $39.8 billion, according to EFG-Hermes.

The figure c...
Egypt: E-SICO Starts Selling First Egyptian-Made Mobile Phone in Second Half of January
Egypt >> 1/2/2018 - The Egyptian Silicon Industries Co. (E-SICO), which makes the first mobile phone inside Egypt, announced that its customers can start reserving their 4G smart phone’ "Nile X" as of the second half of ...
Amman : FM, Chinese Counterpart Discuss Ties, Mideast Issues
Jordan >> 1/3/2018 - Minister of Foreign and Expatriate Affairs, Ayman Al-Safadi made a phone call with Foreign Minister of the People's Republic of China, Wang Yi, during which they discussed Jordanian-Chinese relations ...
Saudi: Economic, Development Affairs' Council Reviews Various Relevant Issues
Saudi Arabia >> 1/3/2018 -  Council of Economic and Development Affairs held a meeting at Al-Yamamah Palace here .

During the meeting, the council reviewed Various relevant issues, including a presentation from Private...
Egypt Approves Three 'Important International Agreements' – Sahar Nasr
Egypt >> 1/3/2018 - The Egyptian government has agreed to sign three “important international agreements,” including a 540 million euro deal with the European Union to support social security, legislative reforms and new...
Egypt's Foreign Reserves Increase to $37.019 Bln at End of December 2017
Egypt >> 1/3/2018 - Egypt's foreign reserves increased to $37.019 billion by the end of December, up from $36.723 at the end of November, the Central Bank of Egypt announced .

Egypt's net foreign reserves had fi...
Saudi Arabia, Japan Discuss Bilateral Ties
Saudi Arabia >> 1/4/2018 - Undersecretary of Ministry of Foreign Affairs for Political and Economic Affairs, Ambassador Dr. Adel Siraj Mirdad received here Japan's Ambassador to the Kingdom Tsukasa Uemura.

During the ...
Bourse Kuwait Indices Up As Trading Ends
Kuwait >> 1/4/2018 - Boursa Kuwait ended trading in green zone, with the three indices up. The Price Index rose 53.08 points to 6,454.16 points, and the Weighted and KSX 15 Indices were also up 2.1 points and 4.7 points r...
Emirates NBD UAE PMI: Non-Oil Private Sector Growth Hits 34-Month High
United Arab Emirates >> 1/4/2018 -  December data signalled a strong end to the year for the UAE’s non-oil private sector, with business conditions improving at the sharpest pace in 34 months, according to the latest UAE PMI survey.
Abu Dhabi: Department of Economic Development Investigates False VAT Claims
United Arab Emirates >> 1/4/2018 - The Department of Economic Development, DED, has received five complaints regarding violating VAT claims made by a number of entities - immediately following up with the affected consumers either dire...
Dubai: Ministry of Finance Effects of VAT on Individuals Minimal
United Arab Emirates >> 1/9/2018 - The Ministry of Finance stated that adopting value-added tax, VAT, in the UAE will have a positive effect on its development and competitiveness, and will contribute to building a sustainable knowledg...
DUBAI: Emirates Announces Special Offers on Economy, Business Fares
United Arab Emirates >> 1/9/2018 -  Emirates Airline announced special offers on Economy and Business class fares to a wide range of cities across the globe.

Bookings have to be made by 22nd January for travel between 12th Ja...
Riyadh: The Council of Saudi Chambers Discusses Investment Opportunities in Iraq
Saudi Arabia >> 1/9/2018 - The Council of Saudi Chambers (CSC) held a workshop on promising investment opportunities in Iraq organized by Saudi-Iraqi Business Council in the presence of Undersecretary of Ministry of Energy, In...
Egypt Parliament Preliminarily Approves Country's First Bankruptcy Law
Egypt >> 1/9/2018 - The Egyptian parliament’s General Assembly gave preliminary approval to a law governing debt restructuring, preventive composition and bankruptcy, MP Haitham El-Hariri.

The law is expected to...
Egypt Pays Back $700 Million in Debt to Paris Club
Egypt >> 1/9/2018 - The Central Bank of Egypt (CBE) paid back around $700 million in debt to the Paris Club this week, the CBE announced .

The CBE had made another payment to the Paris Club worth another $700 mi...
Algeria Bans Imports of Cell Phones, Furniture, Food to Curb Trade Deficit
Algeria >> 1/9/2018 - Algeria has banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut spending following a drop in earnings from oil and gas, a trade ministry docume...
Dubai Chamber to Organize 2nd Global Business Forum on Latin America in February
United Arab Emirates >> 1/9/2018 - The Dubai Chamber of Commerce and Industry has announced that it will organise and host the 2nd Global Business Forum (GBF) on Latin America in Dubai on 27th-28th February, 2018, under the patronage o...

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