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In "BUSINESS"
August 28, 2019
SAMACO-Audi sales log 12% growth in H1
August 28, 2019
Malabar Gold & Diamonds continues global expansion
RIYADH — KPMG Al Fozan & Partners, the leading provider of audit, tax and advisory services in Saudi Arabia, on Wednesday released its report on the inflationary trends in the Kingdom of Saudi Arabia, which analyzes the general price increase trends from 1964 to 2019.Saudi Arabia overhauled its tax system to increase revenue from its non-oil sectors as it successfully introduced VAT in January 2018. The VAT for most goods and services, such as food and beverages, domestic transportation, hotels, private education, and private healthcare, put upward pressures on prices, as inflation reached to 2.5 per cent in 2018 from -0.8 percent in 2017.“Although the introduction of VAT was essential to achieve some of the Vision 2030 goals, such as increasing non-oil revenue, other economic...
August 28, 2019
Saudi Arabia's deflation seen to normalize in 2020
August 27, 2019
Skechers uses ‘fun’ as a mode to instill values
August 27, 2019
US consumer confidence falls but only slightly
August 27, 2019
ZEE5 subscriptions available at Eurostar retail outlets in GCC
August 27, 2019
US stocks lose steam as hopes waver for US-China trade deal
MUSCAT — A consortium composed of ACWA Power, Gulf Investment Corporation (GIC), and Alternative Energy Projects Co. (AEPCo) has executed the project agreements for the development of Ibri-2 Independent Power Producer (IPP) with the Oman Power and Water Procurement Company (“OPWP”). The project, to be developed on a BOO (build, own, operate) basis, includes the development, finance, construction, and operation of the 500 MWac solar PV power plant. The project will be located around 300km west of Muscat, and will contribute towards increasing power supplies in the Sultanate.OPWP awarded the project to the winning consortium following an international competitive tendering process that included 12 qualified bidders. The winning consortium submitted the best economic tariff for the...
August 27, 2019
Oman’s largest utility-scale solar PV IPP
August 27, 2019
Children biggest influence for holiday choices in Saudi family
August 27, 2019
Saudi Arabia’s pharma market to reach $10.74 billion by 2022