Category Archives: Arabianbusiness

75% of GCC firms 'have yet to engage VAT advisors'

Three-quarters of GCC firms have yet to engage with their tax advisor on the subject of value-added tax (VAT), a study claims. A survey showed that the vast majority – 88 percent – of respondent firms have not made budgetary ...

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Tecom hired to develop Dubai's new $1.36bn business park

Tecom Group, a member of Dubai Holding, has announced its appointment to develop and operate the recently announced AED5 billion ($ 1.36 billion) Emirates Towers Business Park. The company also said it has appointed Fareed Abdulrahman Al Janahi as CEO ...

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UAE's Etihad adds capacity on Abu Dhabi-Beirut route

Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi to Beirut, Lebanon. The new 787 Dreamliner service replaces the Airbus A321 aircraft and is configured with 299 seats, adding 125 extra seats per flight, ...

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Future of Airbus A380 said to hinge on Emirates order

Airbus is working on vital sales campaigns aimed at extending the life of its flagship A380 superjumbo, with outgoing marketing chief John Leahy seeking to secure orders by the Dubai Air Show in November, people familiar with the matter said. ...

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Saudi economic reforms 'beginning to bear fruit', says IMF

Saudi Arabia has made “considerable progress” in reforming its economy as part of its Vision 2030 programme announced in 2016, according to the International Monetary Fund (IMF). In a new report, the IMF said fiscal consolidation efforts are “beginning to ...

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