Spending is projected at OMR12.9bn, up from OMR12.5bn in the original budget for 2018
Gross domestic product grew 2.5 per cent from a year earlier
The UAE deposit is aimed at supporting Pakistan’s monetary policy
The kingdom expects cash settlements from its anti-corruption purge to generate roughly SAR50bn in 2019
Five sectors of the Saudi economy are prepared for privatisation in the first quarter of 2019
The private sector has lobbied for the fee rises to be delayed
Spending is projected to rise to SAR1.106 trillion ($295bn) next year
The allowance is given to state employees, military personnel, retirees and students to offset rising costs
A total of 25 local and international companies will be selected by the fund
It will take the MENA economies “153 years to close the gender gap at the current rate of change”
The DED has issued a total of 27,609 new licences between January and November this year
The hub will focus on SMEs in sectors including design, fashion, F&B and information technology
The country plans to implements reforms to subsidies and pensions to avert a debt crisis
Municipality fees for 98 services will also be cancelled or reduced
Healthcare and education are some of the ‘more promising sectors’ for investments in the UAE, he said
The initiatives will cover topics such as food security, artificial intelligence, culture and heritage, quality of life and advanced science
Long term visas will be granted to investors, entrepreneurs, specialists in the medical, scientific, research and technical fields and outstanding students
The monarch is currently on a domestic tour of the country
GDP growth in the Gulf region is estimated to reach 2.4 per cent in 2018 and 3 per cent in 2019
King Salman launched several projects during a domestic tour last week
The new FDI law, approved last month, allows foreigners to own more than 49 per cent and up to 100 per cent in UAE-based businesses
Slower improvements in activity and new work, as well as another contraction in employment led to the slowdown
The new law provides for alternative dispute resolution (ADR) and/or expedited local court process in the UAE
Riyadh aims to balance its budget by 2023
The Cabinet also approved a number of measures regarding the procedures of filing labour lawsuits
The agreement came as Pakistani Prime Minister Imran Khan attended a Saudi investment conference in Riyadh
Hundreds of bankers and company executives are still expected to join officials in Riyadh
The UAE ranked high for its stable macroeconomic conditions, good infrastructure and one of the highest levels of ICT adoption in the world
The payments had been linked to annual appraisals, but that will no longer be the case, according to reports
The country is abolishing a guarantee system that requires a deposit of Dhs3,000 per employee