Friday 9 December 2016

EU plans new VAT rules to boost online business

The European Commission proposes to improve the Value Added Tax (VAT) environment for e-commerce businesses , which will allow consumers and companies, in particular start-ups and SMEs, to buy and sell goods and services more easily online. Unlocking e-commerce in Europe and the


Saudi liquidity continues to improve

The overall liquidity situation in Saudi Arabia, which started easing following the Government’s successful foray into international bond market, improved further during October, a report said. The improvement was seen in a number of broader areas such as money supply, driv


Saudi PIF gets $26.66bn for investment

Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued a directive allocating SR100 billion ($26.66 billion)  from the kingdom's reserves to the Public Investments Fund (PIF), in a move to diversify the investment portfolio and improve the revenues of investment.


Sico unit named best custodian

Sico Funds Services Company (SFS), a wholly-owned subsidiary of Bahraini wholesale bank Securities & Investment Company (Sico) has been named best custodian in the GCC by the World Finance GCC Investment & Development Awards 2016, reported the Gulf Daily News, our sister public


Bahrain’s electronic fund transfers top $1.8 billion

The total value of transactions settled via the electronic fund transfer system (EFTS) has reached BD700 million ($1.84 billion) after a year from launch, the Central Bank of Bahrain announced yesterday (November 30). Launched in collaboration with the BENEFIT Company, EFTS facil

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