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Last Updated: Wed, May 4 2016 | 1:24 PM |

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Renewed call for Kuwait impose 5% tax on expat remittances

A Kuwait MP has proposed to introduce a 5 percent tax on expat remittances, which he said will provide increased revenue for the state.As Kuwait deals with financial difficulties from the downfall in oil...

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Posted by: Martin May 4, 2016 1:11 PM [Sweden]

I paid tax in every single country I worked in, without being a citizen in any.

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New era for Saudi Arabia's aviation sector

SaudiGulf Airlines was doing more than just showing off its new Airbus A320 aircraft at the Bahrain International Airshow. The new carrier’s presence was the surest sign yet that Saudi Arabia’s domestic...

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Posted by: Mohammad Mohsen May 4, 2016 1:11 PM [Jeddah]

Loosening the tight regulations, removing the fare cap and allowing fare competition are key factors to liberate the Kingdom skies

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Emirates passenger said to lose over $250k in 'mid-air theft'

An Emirates Airline passenger has reportedly lost more than $250,000 in cash and valuables during a flight from Dubai to Hong Kong.The BBC website reported on Tuesday that a male 39-year-old foreigner...

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Posted by: Veronica Chapman May 4, 2016 1:11 PM [UAE and UK]

I would say to all people when flying, keep all your valuables very
Close to you. My brother once visiting me in the UAE on a
European Airline had his passport stolen.

It's the last place you would expect anyone to rob you.

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World Bank raises 2016 oil price forecast to $41 per barrel

The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook, as an oversupply in markets is expected to recede.Amid improving...

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Posted by: constance tofea May 4, 2016 8:50 AM [solomon islands]

what are the causes of the increase in the price of crude oil?

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Exclusive: UAE mulls ‘man-made mountain’ in bid to improve rainfall

The UAE is currently in the first stage of a man-made mountain development project as the country mulls different approaches to maximising rainfall.Experts from the US-based University Corporation for...

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Posted by: Maxim May 4, 2016 8:49 AM [Belarus]

There are other methods to make more rainfall. Artificial rain by utilising sunlight, for example. See "Geshem Project" where the idea is described. Such method should be many cheaper than man-made mountains.

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Oman said to cancel trans-Gulf railway contract

Oman has reportedly decided to delay its rail project connecting the sultanate with the rest of the Gulf countries to meet the schedule of other Gulf countries.The Times of Oman reported that the contract...

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Posted by: khalid May 4, 2016 8:45 AM [uae]

while it was an ambitious project. it never felt like it would happen. maybe they should concentrate on developing an internal public transport including train and metro.
plus we all know what 'delayed' really means.

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Saudi minister confirms warning on proposed US law on 9/11

Saudi Arabia has warned the United States that a proposed US law that could hold the kingdom responsible for any role in the Sept 11, 2001, attacks would erode global investor confidence in America, its...

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Posted by: AlHind May 4, 2016 8:44 AM [India]

$750bn is irrelevant in today's market, it's not the 1970s where threats like this could bring down a economy.

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New RTA smart kiosks can renew a UAE driver licence

Dubai’s Roads and Transport Authority (RTA) has installed ten new kiosks where customers can renew their driving licence.As well as being able to renew a driving licence, the kiosks are also capable of...

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Posted by: Room Ul Amin May 4, 2016 8:42 AM [United Arab Emirates]

great experience. It saved me time.

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Basra's plan to build the world's next tallest tower: Is this the MidEast's most ambitious or most foolhardy project?

For many people the name Basra conjures up TV news bulletins of the various conflicts that have raged in Iraq’s second-largest city. But it was not always known for its violent legacy. Basra played an...

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Posted by: Mohammed May 3, 2016 1:18 PM [Iraq]

Good read! This project could very well be the saviour, not only to the investments in Basra but to whole of Iraq as well as this could very well be the ticket to a flourishing economy thanks to the recognition and the investments it will get considering its the first of its kind.

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Bahrain needs $795m to complete stalled real estate projects

Bahrain should create a bailout fund to raise BD300mn ($795mn) to complete all stalled private development projects in the country, a real estate expert has stated.Nasser Al Ahly, a Bahrain Real Estate...

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Posted by: Chris May 3, 2016 9:19 AM [Bahrain]

Can a 6-year-old project that has been left to the elements be restarted? What is the long-term impact of weather/sun/wind neglect likely to be on a project like Marina West? I hope this comes to fruition as these projects are giant eyesores and certainly project a message to visitors and investors alike.

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