0
BOOST TO ISLAMIC BANKING
IMF endorses core principles of Islamic Finance Regulation
The International Monetary Fund (IMF) Executive Board has endorsed a proposal on the use of the core principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB).
1
LIKELY TO BE RENAMED
Saudi Binladin Group 'faces major revamp'
Saudi Arabia's construction major Saudi Binladin Group (SBG) will be slimmed down and renamed, a Reuters report said quoting six sources familiar with the matter.
2
NEW TEAM TO TACKLE ISSUES
UAE, Saudi Arabia sign pact to avoid double taxation
The UAE, represented by the Ministry of Finance (MoF), has signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income and capital, with Saudi Arabia.
3
MONEY MATTERS
Online purchases up 43pc during Ramadan
Online purchases, mostly driven by mobile, increase overall by 43.2 per cent during the month of Ramadan, and by 78 per cent at night, according to a recent case study.
4
SPECIAL REPORT
Electric buses market to see 84pc growth by 2030
The electrification of road transport will move into top gear due to tumbling battery costs and larger-scale manufacturing, which will see global sales of electric buses going up by 84 per cent by 2030, said a report.
5
The spirit of giving
In true Ramadan spirit, Viva Bahrain, through its corporate social responsibility arm, Viva Jusoor, has commenced its annual Ramadan community-driven activities for the fifth consecutive year.
Top Trade News
 | Industry Sectors |
French group Egis wins UAE railway network project
Egis, an international group offering engineering, project structuring and operations services, has been awarded a project management consultancy (PMC) contract for the development of the UAE railway network (Stages 2 and 3).
More…
Fashion Forward Dubai pop-up store returns to Saudi Arabia
Fashion Forward Dubai (FFWD), the Middle East’s definitive fashion platform, returns to Saudi Arabia for a second edition of its Pop-up outlet in the kingdom's leading department store, Rubaiyat, in Jeddah.
More…
Rosneft discovers new oilfield near Baghdad
Russian oil giant Rosneft has discovered a new oilfield some 350km south of Iraqi capital Baghdad, said a report. The new find will serve as an important step towards expanding the company’s operations outside Russia, it added.
More…
May 28 deadline for tax returns, alerts UAE’s FTA
The UAE’s Federal Tax Authority (FTA) has cautioned that this coming Monday (May 28) is the final deadline for submitting tax returns and paying due taxes for the tax period that ended on April 30, a media report said.
More…
45pc in Mena victim of financial crime: study
Forty-five per cent of executives in the Mena region had been a victim of at least one form of financial crime during the 12 months preceding a survey by Thomson Reuters as opposed to 47 per cent globally.
More…
DHL Express picks Mohamed Salah as brand ambassador
DHL Express, a global leading express logistics provider, has signed a strategic partnership with Egyptian football superstar Mohamed Salah naming him its brand ambassador for Middle East and North Africa (Mena) region for the next two years.
More…
Oman to draw $50bn in tourism investment by 2040
Tourism continues to play a prominent role in driving Oman’s long-term economic development with future investment in the hospitality sector projected at around $50 billion over the next two decades through to 2040, said a report.
More…
Etisalat partners with 4 firms in accelerator drive
Etisalat Digital has signed strategic partnerships with four scale-ups as part of the Dubai Future Accelerators Program, the world’s largest government supported accelerator.
More…
Bahrain ranks second globally for work-life balance
Bahrain offers the best work-life balance worldwide for expatriates after Denmark, said a new report from InterNations, highlighting that close to three-quarters of them are generally satisfied with their job in the kingdom.
More…
Emirates Transport in big rental, fleet management deals
Emirates Centre for Transport and Leasing of Emirates Transport (ET) said it has completed a series of new and renewed three- to five-year contracts linked to transport and rental services and management of fleets of nearly 1,500 vehicles.
More…
Ahalia to build multi-specialty hospital in Sharjah
Abu Dhabi-based Ahalia Group has announced plans to set up a 120-bed multi-specialty hospital, its first in Sharjah, in partnership with the Sharjah Healthcare City Authority (SHCC) at an investment of $100 million.
More…
Saudi Arabia launches new mosque construction code
Saudi Arabia has implemented a new mosque construction code as part of its efforts to streamline the building of mosques in the kingdom. This code will be vital for the design, lifespan and operating costs of monuments, said a report.
More…
Samana unveils special rent-free offer for start-ups
UAE-based Samana Group has launched a first-of-its-kind Ramadan offer which allows ready businesses and start-ups to begin work at its business centres immediately and pay rents and related costs in 2019, when their financial position improves.
More…
Cyclone Mekunu moves towards Salalah
Tropical Cyclone Mekunu is strengthening as it moves toward the Arabian Peninsula, where it is expected to make landfall on Saturday near Salalah in Oman, reports said.
More…
