Friday 9 December 2016
 
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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

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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

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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.

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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

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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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