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Deloitte offers free and interactive VAT app to GCC businesses and individuals With the progressive implementation in 2018 and the representatives of the Member States of the GCC having agreed on a formal VAT system Treaty across all six Member States, businesses need to start looking in detail at the […]
With the introduction of VAT beginning 1st January 2018 in GCC states, incuding the UAE, Gopal Aswani, partner at the Dubai based Essentially Precise, explains the impact of VAT, as well as what a business needs to do to comply with VAT. This is it! The moment is nearly here […]
In this OpEd, Imran Khan advocates for a stronger cooperation between the GCC states and Pakistan especially in defense and economic spheres. Keeping in view the volatile situation in Middle East and Pakistan, option of “neutrality” does not exist but requires proper actions to tackle it. Pakistan should stand with […]
Gulf States Likely to Curtail Record Spending Programs in 2015 Gulf States losing about $1 billion dollars a day over the last 6 months due to decline in oil price Top MENA Officials to Discuss Implications of Oil Market Turmoil on Tackling Middle East Youth Unemployment at Gulf Intelligence UAE […]
Food Processing, Organic Farming and Food Retailing to Experience High Growth in the GCC, says Frost & Sullivan A recent study estimates a growing trend in the demand for packed foods and wellness products GCC ambitions to reducing dependancy on food imports and a younger population demographic makes the local […]
Kuwait National Petroleum Company to invest $40 billion in mega projects KNPC CEO says the company has embarked on ambitious programme to implement many mega projects with an investment outlay of around $40bn Mohammad Ghazi Al-Mutairi, CEO, Kuwait National Petroleum Company (KNPC) was speaking at the Kuwait Projects 2014 event […]
Petrochemicals grew by US$6bn from 2012- 2013, growing at the rate of 7.3% Petrochemicals revenues reached an all-time high in 2013 hitting the US$89.4 billion mark, the latest industry report by the Gulf Petrochemicals & Chemicals Association (GPCA) revealed. According to the GCC Petrochemicals & Chemicals Facts and Figures 2013, released […]
GCC To Invest USD 121.3bn In Land And Transport Infrastructure Major road, bridge and railway projects are already underway, or in the planning phase, in Dubai, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain The GCC has recently committed to investing approximately US$121.3bn in improving its land transportation infrastructure. Major […]
Hydrocarbon revenues in KSA and Kuwait make up to 90% plus of total Revenues Leading GCC economies remain susceptible to fluctuations in global energy prices Alkhabeer Capital, an asset management and investment firm based in Saudi Arabia, has published its latest report on GCC budget analysis and government spending behaviors […]
![Arabian Travel Market: Travelling through the World Differently [VIDEO]](https://arabiangazette.com/wp-content/uploads/2014/05/ATM-2014-Dubai.jpg)
Arabian Travel Market is a unique platform that allows for deeper perspective on the entire Middle East and the wider tourism domain. The world is a global village. And various contemporary fairs and events mark its uneventful continuity into the deepest pores of globalisation. The Arabian Travel Market (ATM), currently […]
Dubai’s luxury hospitality group Jumeirah has unveiled plans to have marriages on the Burj al Arab helipad, creating the potentiality of unparalleled wedding ceremonies. Translated, its name means the ‘The Arabian Tower.’ But Burj al Arab, the imposing structure standing tall on an artificially developed island, just about 300 metres […]
Beno Saradzic’s work shows never-before-seen pictures of Dubai and Abu Dhabi that explain the regions’ development through the lens of the camera. What laymen know about photography can pass through the eye of a needle. There’s more to photography than merely clicking pictures and then throwing them away if the […]
Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly carried out, but are carefully applied strategies that are subject to […]
The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up substantially since the provisional list of stocks was released by MSCI […]
8th April 2014 will see the commencement of the Annual Investment Meeting (AIM) in Dubai which will see delegates from all over the world, including the Sakha Republic of Russia, for whom this meeting is an inaugural participation. Otherwise colloquially known as Yakutia, the Sakha Republic is located in far-east […]
EIU’s report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security, it looked as if the Middle Eastern countries – most […]
Whilst a majority of corporate sectors have indeed posted increased sales for the first quarter in 2014 in Middle East and Africa (MEA), there are nonetheless a few sectors that have had a dip in their sales activities. One of those few domains whose sales activities that have taken a […]
Dubai Duty Free Records 10% Increase in Sales Activities in Q1 2014 Dubai’s Airport Terminal 3 contributes 62% of the overall sales Sales figures and tabulations for the first quarter of sales activities for 2014 have been released by all leading corporates and companies. Dubai Duty Free has posted its […]
Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]
The aviation and aeronautics domain is one that countries look to solidify as a mark of their proclaiming their presence in the biggest of economic stages in the world. Predominantly the most developed countries in the world are regarded to be pioneering leaders in the aviation sector, creating unprecedented commercial […]
JLL Survey Highlights Dubai amongst Global Metropolises with Stronger Economic Trends In order to determine and map out the futuristic developmental trends of leading metropolises, leading global property consultants, Jones Lang LaSalle (JLL) carried out the first City Momentum Index (CMI) analysis across 111-major cities across the world. The CMI […]
The concept of World Expos predates to the mid-19th century with the inaugural Great Exhibition conducted in London in the year 1851. Since 1928 however, World Expos have been conducted by the Bureau of International Expositions (BIE) head-quartered in Paris, France with bids and tenders invited from all countries. SEE […]
The highly awaited report of International Congress of and Convention Association (ICCA) about the international market of meetings and its trends across various countries in the world was released concurrent to the eighth year of Gulf Incentive, Business Travel and Meetings (GIBTM) that began on Monday, 24th March, at Abu […]
Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with newer technological stimuli making inroads into the commercial spectrum, the relevance […]
DHA has come up with an innovative plan to step up Dubai medical tourism sector. Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the region. But there are various dimensions to the tourism aspect […]
Middle East & Africa IT Infrastructure Spending will Reach $3.5 Billion in 2014 Towards the end of the 20th century – the 1900’s so to speak – there emerged this new fad to call the new millennium as ‘Y2K.’ It was a technological reference that eluded many except for those […]
In the wake of the Second World War, the presence of powerful international and regional organizations, which can preserve peace and play effective mediatory roles between nations, emerged as an imperative requirement to all nations. To address that global need, international organizations and regional leagues, such as the United Nations (UN), the League of […]
IPL Schedule Released: India, UAE and Bangladesh will host IPL-7 due to national elections being conducted in India in May Shrouded in controversies as it is, the Indian Premier League still gives its fans some reasons cheer every now and then. The latest bit of cheerfulness about the League is […]
Dubai’s economy is bouncing back with latest trade figures revealing that Dubai’s trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest regions in the oil-laden Middle East, the UAE and in […]
Rising populations mean Middle East must grow to sustain living standards With population growth in the Middle East outpacing the rest of the world, local economies must grow just to maintain living standards, according to a new report by ICAEW. In its latest quarterly Economic Insight report, the accountancy […]
Jet Etihad deal encounters yet another problem with reports emerging about envoy intervention in the passing of the deal The strategic alliance between India’s leading airline operator Jet Airways and Abu Dhabi’s premier aircraft services, Etihad Airways was touted to be the revolution to spark the entire Indian aviation sector. […]
Industry experts converge at 8th Gulf Boating Conference at the Dubai International Boat Show 2014 to share insights on the buoyant marine market As 60% of GCC youth spend more than seven hours of quality time per week with family, boating provides an all-inclusive experience with sport, beach and land […]
Dubai Expo 2020 will fuel a massive construction boom throughout the Emirate. The rest of the GCC will see growth in their construction and related sectors. The next seven years will see a mass of prospects for the Emirate allowing it to shape its future and add to its allure […]
A decrease in the sale of Gulf Islamic bonds reveals that the market for the Shariah-compliant instrument is still forming-up and that much more needs to be done to encourage investor interest. Data by Bloomberg points out, that compared to the previous year, the number of sukuk offerings in GCC […]
UNCTAD: Foreign Direct Investment (FDI) inflow to the United Arab Emirates increased by 25 percent in 2012 to USD 9.6 billion. West Asia’s third largest recipient country, the UAE, increased FDI inflow by 25 percent to USD 9.6 billion, continuing a recovery initiated in 2010 but which remained below the […]
According to recent estimates the global Takaful business will reach USD 20 billion by 2017. The GCC market contributes more than 62 percent of the world’s gross Takaful premiums. Saudi Arabia maintained the largest share of contributions, growing 17 percent to USD 5.7 billion during 2010. A recent Deloitte report aims to address […]
Despite facing challenges of a weak global economy and volatile domestic politics, the MENA region is showing robust economic performance. According to the QNB Group, the region’s economy will grow by 3.5 to 4 percent this year. Further improvements are expected in 2014 along with growth rates of 4.5 to […]
Kuwait will spend USD 100 billion on the nation’s domestic energy sector over the next 5 years – and for the first time, some of that investment is earmarked for renewable energy. By 2030, 15% of Kuwait’s total energy mix will be powered by renewable energy according to a new government policy. […]
India and Oman explore B2B links. India, with an estimated GDP CAGR of over 14.46% by the year 2017, is easily one of the fastest growing economies in the world. Attempting to further its growth, India needs to focus on effectively expanding and managing its supply chain, but also exploring global […]
