Press Dossier   By Date  16/01/2021
UAE airline discount: Fly out of Dubai, Abu Dhabi for as low as Dh99
Wizz Air Abu Dhabi, the UAE’s new national airline, which commenced its operations on Friday with flights from Abu Dhabi International Airport to Athens, Greece, is offering reduced prices on tickets starting at Dh99 to 13 destinations from Abu Dhabi and Dubai.
Saudi Arabia 2020 inflation rises to 3.4% after VAT tripled
Saudi Arabian inflation rose to 3.4 per cent in 2020, lifted by the tripling of value-added tax last year as the kingdom sought to boost state revenues hit by the coronavirus crisis and lower oil prices, government data showed.
MP proposes permanent residency for children of Kuwaiti women
MP Ali Al-Qattan yesterday submitted a draft law calling on authorities to grant children of Kuwaiti women from their foreign husbands permanent residence permits to save them trouble renewing their residencies every year. Qattan said that the measure will provide needed stability to families of Kuwaiti women married to foreign husbands.
Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa (MENA) last year, accounting for $382.9 million and $433.9 million, respectively, despite the slowdown as a result of the coronavirus (COVID-19) pandemic.
Saudi Arabia aims to earn more than $4bn from privatization drive in 2021: CEO
The National Center for Privatization (NCP) will soon issue the privatization law, which will accelerate the implementation pace of the industry projects, chief executive Rayyan Nagadi said in a TV interview.
Iraqi oil minister says Saudi output cut helps stabilize market
Iraqi oil minister Ihsan Abdul Jabbar told state TV in an interview on Thursday that Saudi Arabia’s voluntary output cut of 1 million bpd helps stabilize the market, and he expected steady oil prices that should reach around $57 per barrel in the first quarter.
COVID-related article in Labor Law ‘no longer effective’, says Saudi ministry
The Ministry of Human Resources and Social Development (HRSD) announced Jan. 13, that Article No. 41 on the COVID-19 pandemic, which was introduced to the Labor Law, is no longer effective.
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