Press Dossier   By Date  15/04/2021
UAE tax rules relaxed, penalties reduced
The UAE cabinet has amended the Executive Regulation of Federal Law on Tax Procedures.
UAE sees 21% jump in online shops
The UAE recorded an increase in online consumer spending primarily driven by a 21 per cent jump in the number of online shops as the world witnessed an exponential boom in retail eCommerce with an additional $900 billion being spent in 2020.
SABIC to distribute $1.2bn in H2 2020 dividends
The Saudi Basic Industries Corporation (SABIC) has approved cash dividends amounting to SR4.5 billion ($1.2 billion) to shareholders for the second half of 2020.
Saudia targets post-pandemic profitability, privatization
A few minutes into our interview and it was clear that the CEO of Saudia, the Kingdom’s state-owned flag carrier, wanted to set the record straight about the aviation sector during the coronavirus disease (COVID-19) pandemic.
PIF-backed fund to help UAE HR firm expand into KSA with $20m investment
A Dubai-based human resources consultancy firm has become the first company to receive financing from a new $300 million Shariah credit fund anchored by Saudi Arabia’s sovereign wealth fund, it was announced this week.
Bahrain’s Gulf Air makes progress in delaying jet deliveries
Bahrain’s Gulf Air has made good progress in its efforts to delay some Airbus and Boeing aircraft deliveries, its acting chief executive said on Wednesday.
Don't collect donations without permission, warns public prosecution
The UAE public prosecution has warned against collecting donations without licence, calling on those who wish to help the needy during the holy month of Ramadan to follow the legal channels.
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