Sunday 28 May 2017
 
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GCC

Mena e-commerce set to top $6.7bn this year

Driven by young demographics with high disposable income and high internet penetration rate, the Mena region’s e-commerce market value is set to hit the $6.7-billion mark this year, up from $4.8 billion in 2015, a report said.

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GCC unified VAT accord come into effect

The Gulf Cooperation Council (GCC) unified selective excise tax and the unified value added tax (VAT) agreements, have come into effect after ratification by the UAE. The General Secretariat of the GCC has received the UAE's r

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Ria Money Transfer launches GCC, India expansion

Ria Money Transfer, claimed to be the third largest money transfer company in the world and subsidiary of Euronet Worldwide, has announced its expansion and ramp-up in the GCC countries. The company has more than 50 key business p

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Grid inter-connectivity to net $33bn savings for GCC

Grid inter-connectivity between the GCC countries will generate $33 billion in investments, economic and energy savings for the bloc over the next 25 years, reported The Gulf Times, citing data from leading global consultant Dun & B

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Grid inter-connectivity to net $33bn savings for GCC

Grid inter-connectivity between the GCC countries will generate $33 billion in investments, economic and energy savings for the bloc over the next 25 years, reported The Gulf Times, citing data from leading global consultant Dun & B

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Grid inter-connectivity to net $33bn savings for GCC

Grid inter-connectivity between the GCC countries will generate $33 billion in investments, economic and energy savings for the bloc over the next 25 years, reported The Gulf Times, citing data from leading global consultant Dun & B

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New centre to fight terror financing

The Gulf Cooperation Council (GCC) and the US have signed a  memorandum of understanding (MoU) to establish a centre for combating terrorism financing. The MoU was exchanged in the presence of Saudi Arabia's King Salman b

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Sumo Sushi & Bento to open 20 outlets across GCC

Sumo Sushi & Bento, a home-grown UAE company, has announced that the Apparel Group has signed a franchise agreement to bring forward 20 Sumo Sushi & Bento outlets across the GCC region. Founded by Nilesh Ved, Apparel Group

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Aleris seals partnership with MJ Building Materials

Aleris Corporation, a leader in the production of rolled aluminium for critical surface applications, said it has signed an agency agreement with UAE-based MJ Building Materials Trading DMCC. As per the deal, the Dubai company wil

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GCC building contract awards to hit $86bn in 2017

It's boom time for the GCC construction market with the value of new building contracts poised to hit $85.6 billion in 2017, up seven per cent over $79.5 billion last year, said a report. The UAE tops the regional ranking with

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