One may assume the life of a member of a Royal Family is easy, right? After all, members receive the “royal treatment” all year long. But the truth is royal families are just like all our families. Their lives can include controversy, scandal and some drama. And this year was no different. Whether it was relationship rumours, links to the Panama Papers scandal, tax fraud trials or […]
Saudi Arabia will resist plans to introduce a tax on expat remittances for now, according to Mohammed Al-Tuwaijri, secretary general of the Financial Committee at the Royal Court. Saudi Arabia’s Shura council has discussed plans to impose a 2 to 6 percent tax on expat workers’ remittances, following a proposal submitted by former Shura council member Husam Al Angari. He proposed an initial tax of 6 percent […]
26 December 2016 Dubai – The internet of things (IoT) is rapidly gaining momentum within the healthcare industry of the Gulf Cooperation Council (GCC) countries. According to IDC Health Insights, there has been a steady rise in IoT initiatives over recent years, and in some usage scenarios, IoT services are maturing rapidly toward mainstream deployment. The firm projects IoT spending by healthcare providers across the Middle East […]
ArabPlast 2017 promises an international participation accentuated by the presence of the giant operators in the industry of plastics, petrochemicals and rubber Dubai, UAE, 25 December 2016 As the biggest plastics, petrochemicals and rubber industry exhibition in the MENA region, ArabPlast 2017 is set to bring together the key players, experts and industrials in the field from around the world, between 8th-10th January at Dubai World Trade […]
Your daily guide to community and cultural activities across the Emirates for December 26, 2016, including Christmas attractions, food markets, art exhibitions, fitness events, performances, film screenings and family fun. newslide Abu Dhabi Film screening Catch a screening of The Patience Stone. The film is about a young woman in a country torn apart by war, who watches over her comatose husband and begins to tell him […]
Saudi Arabia’s government plans to provide 200 billion riyals ($53 billion) of incentives to the private sector over the next four years in its drive to diversify the economy beyond oil, according to an official planning document. A reform programme launched this year, after a plunge in oil prices slashed state revenues in the world’s top oil exporting country, envisions the private sector investing tens of billions […]
“The resolution that was passed by the U.N. yesterday is part of the swan song of the old world that is biased against Israel,” Mr. Netanyahu said at a Hanukkah candle-lighting ceremony honoring wounded soldiers and terrorism victims. “But, my friends, we are entering a new era and, as President-elect Trump said yesterday, that is going to happen a lot faster than people think.” Continue reading the […]
Minor Hotel Group, the Thai-based operator of the luxury Anantara brand, has announced plans to open a resort in Jeddah, Saudi Arabia. Scheduled to open in 2019, Anantara Jeddah Resort will be located on the waterfront in Obhur and will offer 226 guest rooms and 102 two to five bedroom villas. Facilities will include a selection of dining options with both indoor and outdoor seating, fitness and […]
Hotel occupancy in Dubai rose by nearly five percent in November compared to the year-earlier period to be the top performing market in the Middle East and North Africa, according to new figures. EY’s November 2016 GCC Key Performance Highlights report showed that the emirate’s hotels achieved an occupancy rate of 89.5 percent compared to 84.8 percent in November 2015. The data also showed that Dubai hoteliers […]
Saudi Arabia plans to borrow between $10 to $15 billion from international markets in 2017 and around 70 billion riyals from the domestic market, a senior Saudi official told Al Arabiya television channel. Mohammad al-Tuwaijri, secretary-general of the Finance Committee at the Royal Court, was speaking to Al Arabiya in an interview aired on Friday. The Saudi government borrowed $17.5 billion this year in its first international […]
|By Arabian Post Staff| Dubai saw a 11 per cent surge in the total volume of traded goods in the first nine months of 2016, rising as high as 70.82 million tons of commodities. Imports had the lion’s share at AED 594 billion (46.81 million tons and 12% increase), while exports and re-exports accounted for AED 109 billion (11.84 million tons and 8% increase) and AED 249 […]
A round up of some of 2016’s most significant corporate events and news stories. Smartphone sales © EPA A bright start to the year for Samsung Electronicswent up in smoke, after it took the unprecedented decision to axe its Galaxy Note 7 line, following a spate of safety issues that saw the smartphone banned from aircraft, writes Nic Fildes. The 2016 Galaxy Note iteration won substantial praise […]
Ma’aden, QIC and Bupa Arabia are fastest growing companies in 2011-15. Nearly 90% of fastest growing companies come from Saudi Arabia and Qatar. Share prices rose for almost all the fastest growing companies. Collectively, the fastest growing companies achieved around 100% stockmarket outperformance. 22 December 2016 A landmark report released today by research group Marmore MENA Intelligence profiles 15 of the fastest growing listed […]
On April 7, 14 large blue letters quietly disappeared from the outer walls of an office building in an exclusive neighborhood in northern San Salvador. One by one, the letters came down from the blue and beige stucco walls, leaving behind faint traces of the name of the law firm that had been working there just days before: M-O-S-S-A-C-K-F-O-N-S-E-C-A. Employees of the El Salvador branch of Mossack […]
A hundred years ago, an arms race between the dominant global superpower the (British Empire) and a rising power (Kaiser Wilhelm’s Germany) culminated in the mass slaughter of World War One. The deep mistrust between the United States and the People’s Republic of China has all the potential to spawn a traumatic chapter in international relations. Despite its “pivot” to Asia, the Obama White House was cautious […]
ABU DHABI // The Sheikh Zayed Book Award has announced the 12 longlisted nominees for this year’s prize in literature. The nominees for the Arabic language book prize were chosen from 274 entries, with the majority coming from Egypt, Syria, Morocco, Jordan, Saudi Arabia, Lebanon, Iraq, UAE and Tunisia. There were also entries from The Netherlands, Canada, Norway, the UK, Eritrea, Sweden, Australia and Belgium, reported state […]
|By Arabian Post Staff| Saudi Arabia unveiled a $237 billion budget for 2017, an 8 percent increase from 2016, with projections of a record 33 percent decrease in the Kingdom’s national deficit. “Our economy is firm and it has sufficient strength to cope with the current economic and financial challenges,” said King Salman bin Abdulaziz.. “We have sought through this budget and its programs to improve the […]
Panama City: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
Fotowatio Renewable Ventures (FRV), a developer of large-scale solar power plants and part of Saudi-based Abdul Latif Jameel Energy, has been awarded a 30-year 300MW solar project in Mexico. With this build-operate-own agreement, FRV said it is extending its global footprint into the Mexican market at a rate of $26.99/MWh for the first 15 years of the project. The construction of the plant will begin in mid-2018 […]
From the Panama Papers to the impeachments of presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption watchdog, who expressed […]
Dubai, UAE, Riyad, Saudi Arabia, 22 December 2016 Tasnee, the leading industrial company in Saudi Arabia, is the platinum sponsor of ArabPlast Show to be held from 8th to 10th of January 2017 at the Dubai Exhibition and convention Centre. Co-organised by Al Fajer Information and Services and German exhibition organiser Messe Dusseldorf, ArabPlast is expected to bring together key players in the plastics, petrochemicals and rubber […]
PANAMA CITY: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft. The question is, will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
22 December 2016 The Capital Market Authority Board has approved the final version of the Parallel Market Listing Rules after the draft was published on the CMA’s website. The Authority ensured in the final draft that it took into consideration all recommendations, observations and opinions, received from investors and specialists, the interested an related parties during the public consultation. These Rules will be effective and enter into force […]
PANAMA CITY: From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals and by rising public outrage over graft. The question is will that translate into a lasting demand for cleaner politics? “A new phenomenon” is being seen, said Jose Ugaz, a renowned Peruvian lawyer and the chairman of Transparency International, a Berlin-based anti-corruption […]
