Search Results for: Abu Dhabi
How VAT in UAE will impact consumers
October 19th, 2015
Impact would be negligible if VAT won’t exceed 5% and food essentials are exempted The impact of a value-added tax (VAT) system on consumers in the UAE may vary depending on household incomes and spending behavior, and how much ...
UAE and India to enhance investments, bilateral ties
October 15th, 2015
Two nations pledge to remove hurdles to boost trade by 60%. The UAE and India have agreed to collaborate closely to identify bottlenecks to trade and new areas of trade with the aim of increasing two way trade by ...
UAE energy minister says urgent need to cut subsidies in the region as oil prices decline
October 5th, 2015
There is an urgent need to cut regional energy subsidies as government budgets are squeezed by slumping oil prices, the UAE Minister for Energy said on Sunday. Opening an annual industry conference at Abu Dhabi National Exhibition Centre, Suhail ...
Saudi stock index up, shuns oil prices
September 10th, 2015
Saudi Arabia’s stock benchmark Tadawul All Share Index jumped 2.3 percent to 7,749 points and most stocks in Riyadh were positive. National Commercial Bank, the kingdom’s top lender, was one of the main supports, jumping 3.2 percent. Another large ...
Dechert enters Saudi Arabia with Hassan Mahassni association as Shearman opens in Dubai
September 3rd, 2015
After Saudi Arabia‘s liberalisation of its capital markets, Dechert has established a presence in the Kingdom by forming an association with the Law Firm of Hassan Mahassni. Shearman & Sterling also bolstered its presence in the Middle East with ...
Middle Eastern Stocks Rally Led by Oman After Oil-Price Rebound
August 31st, 2015
Muscat’s MSM30 Index advanced the most since January Brent crude capped the best week since 2009 on Friday Omani stocks led a rally in most equity markets across the Middle East after oil prices had the biggest-weekly jump in ...
UAE shares rise sharply in line with US and oil price recovery
August 27th, 2015
UAE shares rose sharply on Thursday morning, on the back of US and Asian stock markets, and a rebound in the price of crude oil. Dubai’s headline index surged 4 per cent at the opening bell on Wednesday, and ...
Mideast Stocks Fall as Saudi Arabia Mulls Budget Cut on Oil Drop
August 26th, 2015
Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest economy will cut spending after oil prices slumped to the ...
UAE’s introduction of VAT will bolster the country’s global competitiveness
August 25th, 2015
The announcement of the planned introduction of a federal value-added tax (VAT) and a corporate tax in the UAE has stimulated a lot of discussion on what this means for the country and its residents. I have a slightly different view ...
UAE stocks get off lightly as global rout persists
August 25th, 2015
UAE investors helped local equities escape relatively unscathed yesterday, even as plummeting Chinese stocks and additional pressure on oil prices provoked a further global sell-off of shares. China’s Shanghai Composite plunged 8.4 per cent yesterday, despite a move by ...
