1. What is an excise tax? In layman’s terms, an excise tax is an indirect tax imposed on the sale of select goods and services. Excise...
(Bloomberg) — Business conditions in Saudi Arabia and the United Arab Emirates improved the most in years, signaling that recoveries may be taking hold in the...
(Bloomberg) — Middle East stocks generally advanced on Sunday, catching up with emerging-market peers, as traders returned to work following holidays. Gauges in Saudi Arabia, Dubai,...
(Bloomberg) — An investigation into a spate of attacks on oil tankers in the Middle East last month has concluded that a “state actor” is to...
(Bloomberg) — Oman will introduce 100% tax on tobacco, alcohol and pork meat from June 15, as the sultanate follows other Gulf governments in trying to...
(Bloomberg) – Ineos plans to spend $2 billion to build three chemical plants in Saudi Arabia as the group controlled by U.K. billionaire Jim Ratcliffe enters the...
(Bloomberg) – The rupee could be set to gain as Prime Minister Narendra Modi’s sweeping election victory boosts foreign inflows. That may present a dilemma for India’s...
(Bloomberg) – Passengers flying from Melbourne to the Gulf are almost certainly flying along with sheep carcasses down in the hold. The strong demand for sheep meat...
Over 70% of online purchases made by Saudis in 2019 were through smartphones. Online shopping is the new trend that consumers are adopting. Saudi Arabia comprises...
More than 412 hotels in the Sultanate of Oman are now geared up – anticipating a massive influx of tourists from within the country and abroad during...
