Insights: General
Cultural awareness, expat life and practical guides for anyone building a life or career in the Middle East.
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Oman’s SWF buys stake in Spanish manufacturer Escribano
State General Reserve Fund agrees to buy 32.2% stake; part of drive by Oman to use its assets to help diversify the economy beyond oil. Oman’s State General Reserve Fund (SGRF) agreed to buy 32.2 percent of Mecanizados Escribano, a family-owned Spanish company making precision mechanical components for the aerospace, defence and other sectors, the
UAE, Oman sign international land transport deal
Both nations are keen to further strengthen cooperation in fields that serve land transport of passengers and goods. The UAE and Oman signed a cooperation agreement on the international land transport of passengers and goods. The agreement is in line with the keenness of both nations to further strengthen cooperation in fields that serve land
October 28, 2016
Read more about UAE, Oman sign international land transport dealOMAN EXPAT REMITTANCES ‘WILL NOT BE TAXED’ – CENTRAL BANK
Central bank chief says it would violate international agreements and be an obstacle to foreign investment. Expat remittances will not be taxed, according to Hamood Bin Sanjoor Al Zadjali, chief of Central Bank of Oman (CBO). Al Zadjali told Al Shabiba newspaper on Tuesday that levying taxes on expatriates is subject to several considerations. “From the legal
An Intro to Passports and Visas for Your International Move
You won’t get far in an overseas move without the right travel documents and paperwork. This process must start well ahead of your departure date. A little planning and forethought to make sure you understand the requirements, complete all the forms and account for any government bureaucracy will help to ensure everything goes smoothly. Documentation requirements and procedures
Saudi energy minister: Oil market at the end of downturn
Producer action to limit supply will help the market improve further, said Al Falih. Saudi Arabia’s energy minister gave an upbeat message to an audience of industry executives on Wednesday, saying the oil market was at the end of a downturn and producer action to limit supply would help it improve further. Khalid al-Falih also
UAE starts hiring for tax body ahead of value-added levy
The ministry is advertising about 30 staff positions for the tax authority on its website. The United Arab Emirates is hiring officials to set up a federal tax authority that will be in charge of collecting levies, as the Gulf nation seeks to diversify its revenue base with value-added taxation. The ministry is advertising about
Bahrain’s spending cuts ‘may be over’ as oil prices stabilise
Senior official says excessive administrative spending should be reduced instead. Bahrain’s government is no longer obliged to cut public spending as international oil prices start to stabilise, said committee chairman for financial and economic affairs Abdulrahman Bu-Ali ahead of the 2017/2018 national budget meeting. He said the government should instead balance finances which go towards
Free Wi-Fi Access Is Coming To ALL Of Dubai
Users across Dubai will be able to access fee Wi-Fi by the end of next year, The National reported. Wi-Fi UAE, launched last year by Smart Dubai—a government entity charged with overseeing Dubai’s transformation into a smart city—and UAE’s integrated telecommunications firm du in 200 locations in the emirate, is now available across 300 locations. “Two weeks ago, we
October 17, 2016
Read more about Free Wi-Fi Access Is Coming To ALL Of DubaiBahrain to set up integrated communication centre
It will unify government narrative, strengthen relations with media. Bahrain is to set up a communication centre tasked with unifying the government narrative and institutionalising official media-related work. The National Communication Centre (NCC) will have a significant role in informing citizens and residents of government plans and initiatives and in establishing relationships with local, regional
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