Media In / Riyadh 23 December The Saudi Industrial Development Fund (SIDF) and the Saudi Electricity Company signed a cooperation agreement in the field of financing industrial facilities under the Local Content Development Initiative. The agreement provides for the development of a financing product that combines the opportunities included in …
Read More »800 million riyals to implement the initiative to raise the capital of the program “bail”
Media In / Riyadh 23 December The SME Financing Program, in collaboration with the Local Content and Private Sector Development (NAMA), continues to implement the initiative to raise the capital of the program by SR 800 million within Private sector stimulus plan. The initiative aims to support the program by …
Read More »Iraqi oil minister expects crude prices to improve
Media In \ Agencies 23-12-2018 Iraqi Oil Minister Thamir al-Ghadhban said he expected oil prices to “improve” early next year, with OPEC’s decision to cut output and independent producers earlier this month. “There is not much stock left in the market, so we are optimistic that this rapid decline will …
Read More »$ 452 million worth of UAE imports of French food products in 2018
Media In Dubai – 23 December 2018 The French Ministry of Agriculture announced that the UAE is one of the largest importers of French food products in the Middle East, with a total value of US $ 452,280,000 in 2018. “With the development of more demanding tastes, we have seen …
Read More »A Saudi company invests AED 138 million to build a factory in Al Ain
Media In Abu Dhabi – 23 December 2018 / The Higher Corporation for Specialized Economic Zones (ZonesCorp) and the Saudi-based Perrin Water and Beverages Company announced a new agreement to build an AED 138 million plant and an area of 36,000 square meters in Al Ain Food Industries, recently announced …
Read More »650 exhibitors participate in Abu Dhabi Show Season
Media In – Abu Dhabi – 22 December 2018 Abu Dhabi’s Abu Dhabi Show will launch its new Abu Dhabi Shopping Festival during the period from 26 December to 5 February in Abu Dhabi with more than 650 stores, with community and visitors attending a wide range of promotions in …
Read More »AED 7.08 Billion Proceeds of the SIAL Middle East 2018
Media In Abu Dhabi, 22 December 2018, SIAL Middle East 2018, which concluded its ninth edition in Abu Dhabi, has attracted 28,324 visitors, food and beverage experts and hospitality from 94 countries and witnessed deals between exhibitors, agents and leading companies in the food and hospitality industry worth AED 7.08 …
Read More »5 thousand treatment per day VAT refund rate for tourists
Media In-Abu Dhabi – 22 December 2018 The field follow-up tours conducted by the Federal Tax Authority showed a significant increase in the level of customer satisfaction with the electronic system for refunding value added tax for tourists, which was launched by the Commission in two phases starting from 18th …
Read More »Egyptian President discusses strengthening cooperation with IMF
Media In / Agencies 22-12-2018 Egyptian President Abdel Fattah Al-Sisi expressed appreciation for the constructive cooperation between the IMF and the Egyptian government to implement the comprehensive economic reform program, stressing his keenness to continue cooperation with the Fund in this regard. This came during a telephone conversation today between …
Read More »Dubai is the fourth globally and the first Arab to open up to foreign trade
Media In Dubai – 22 December 2018 Dubai’s Department of Economic Development (DED) has released the economic report of Dubai 2018, which reviews the major developments in the Dubai economy in 2017 at the macro and sectoral levels and a comprehensive view of the growth of Dubai’s economy in 2018, …
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