The introduction of excise taxes in Saudi Arabia is likely to bring in annual revenues of SR8-10 billion ($2.1-2.7 billion; 0.35 per cent of GDP), according to government estimates, said a report.
While the 2.5 per cent real estat
Saxo Bank, an online trading and investment specialist, has launched a new pricing structure which reduces the FX trading costs by up to 50 per cent and provides the opportunity to trade stocks for as low as $6 dollars per trade.
There is at least a 25 per cent chance of a near-term devaluation of the Saudi Arabian riyal, rising to 40 per cent should oil prices stay at current levels throughout 2016, Societe Generale said on Thursday.
The Saudi riyal's
China's currency devaluation bombshell this week blew apart the growing consensus that global inflation had bottomed out and was slowly moving higher, forcing investors to reconsider their assumptions on a wide range of financial markets.
Five of the world's biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with US and British authorities over rigging of currency markets.
Deutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share.
This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced a number of significant enhancements to its FX Matching platform.
The move is aimed at bringing increased c
Abu Dhabi-based ADS Securities (ADSS) said it has launched an innovative and game-changing new service, Prime, which is designed for professional and high-net worth FX, currency, and bullion traders.
Prime will provide institutional s
UK-based Barclays Wealth, a leading global wealth management firm, has launched a free online tool which monitors foreign exchange rates for its clients.
Barclays Wealth iAlert allows clients to monitor up to 75 currency pairs, with subscr
ADS Securities, a new Abu Dhabi-based brokerage, is eyeing a share of the rapidly growing trade in commodities and foreign exchange by bridging the time gap between Asian and European markets, its top executive said.
The firm, backed by pr