Press Dossier   By Date  31/08/2020
New law for Dubai government entities to set up companies
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said the continuous development of the emirate's legislative framework is crucial to the achievement of Dubai's strategic objectives.
GCC stock markets heading for their best month of 2020
The UAE and other Gulf bourses are heading for their best monthly performance in August in 2020, buoyed by the progress towards Covid-19 vaccines, the easing of US-China tensions, and a rebound in crude prices.
UAE residents look to virtual job fairs for career opportunities
Jobseekers across the UAE and the Middle East and North Africa (Mena) region are anticipating an increase in the number of virtual job and career fairs that will be held as a result of the Covid-19 pandemic.
Saudi Aramco discovers two new oil and gas fields
State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom's energy minister said on Sunday, state news agency SPA reported.
Saudi bourse Tadawul officially launches derivatives market
The Saudi Stock Exchange (TADAWUL) launched the kingdom’s first exchange-traded derivatives market and clearing house on Sunday, as part of its strategy to make its equity markets more attractive to foreign investors.
Abu Dhabi Commercial Bank launches in Egypt
The Abu Dhabi Commercial Bank Group, the fifth largest banking entity in the Gulf with assets of 405 billion dirhams ($110 billion), entered the Egyptian market on Sunday.
Deal signed to empower Yemeni women
A deal has been signed to empower women in Yemen and develop their role in the economy, the Saudi Press Agency reported.
Saudi Arabia’s zakat authority issues 865 tax violation orders
Hundreds of citations for tax violations were issued last week by the Kingdom’s General Authority of Zakat and Tax. The 865 violations were detected during 3,609 inspection visits that were carried out to ensure that businesses were adhering to zakat and income tax regulations, and to also reduce violations.
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