Business
Unfamiliar Banking Laws in the United Arab Emirates: A Quick Guide
The United Arab Emirates, known for its luxurious lifestyle and progressive economy, also has a unique set of banking laws. While these laws are generally beneficial, some might seem unusual to those unfamiliar with the region. Here’s a brief overview of some of the more peculiar banking practices in the UAE: 1. No Interest on […]
Oil Prices Surge: A Ripple Effect Across the GCC
Recent events in the Middle East have sent shockwaves through global energy markets, leading to a significant spike in oil prices. This increase has far-reaching implications for the Gulf Cooperation Council (GCC) countries, whose economies are heavily dependent on oil revenues. As the lifeblood of the GCC, oil plays a crucial role in driving development […]
Why Your In-Flight Meal Might Be Getting Colder
Have you noticed a change in your in-flight dining experience? You might be getting fewer hot drinks and meals served on your flights. This isn’t just a cost-cutting measure, it is a safety precaution. With the increasing frequency of turbulence, airlines are prioritising passenger safety. Hot beverages and instant noodles, once staples of air travel, […]
Erbil: The New Frontier of Iraq
Once a city synonymous with conflict, Erbil, the capital of Kurdistan, has undergone a remarkable transformation. Today, it stands as a beacon of progress, emerging as a dynamic hub for business, investment and tourism in Iraq. The city’s resurgence can be attributed to several factors. A relatively stable security environment, coupled with a business-friendly climate […]
The Unsolved Mystery of Ultra-Processed Foods
Ultra-processed foods (UPFs) like chicken nuggets, packaged snacks, and fizzy drinks are notorious among nutritionists. Defined by extensive industrial processing and a plethora of hard-to-pronounce ingredients, these foods are typically high in fat, sugar or salt. Despite a growing body of evidence linking UPFs to health issues such as cancer, heart disease, obesity and depression, […]
Jeddah Central Project: A Vision for the Future
Jeddah, a vibrant city on the Red Sea coast, is poised for a remarkable transformation. The Jeddah Central Project, a staggering $19.9 billion development, promises to propel the city into the ranks of the world’s premier tourist destinations. This ambitious initiative, spearheaded by Crown Prince Mohammed bin Salman in 2021, is more than just a […]
Beyond the Glittering Skyline: The UAE and the Tax Oasis Landscape
The United Arab Emirates, particularly Dubai, has long been synonymous with luxury and tax-free living. While the UAE has introduced some reforms in recent years, it still offers a competitive tax environment compared to many developed nations. But how does the UAE connect with other tax havens around the world and how does this landscape […]
Muscat’s Waterfront Gets a Stylish Makeover
Calling all design enthusiasts and fans of futuristic living. The capital of Oman, Muscat, is about to get a stunning new addition to its coastline. Get ready for the Al Khuwair Muscat Downtown and Waterfront development – a $1.3 billion project by the world-famous Zaha Hadid Architects. Imagine this: a sprawling 3.3 million square meter […]
Kuwait: A Tax Oasis in a Sea of VAT, But for How Long?
Kuwait stands out in the Gulf Cooperation Council (GCC) for its lack of income taxes for individuals and companies wholly owned by Kuwaiti or other GCC nationals. This tax-free haven attracts businesses and boasts a high standard of living for its citizens. But with fluctuating oil prices, Kuwait is looking for new revenue streams. Enter […]
Riyadh Air: A New Eagle Spreads Its Wings in the GCC Skies
The skies of the Gulf Cooperation Council (GCC) are about to get a little more crowded, and a lot more competitive.Riyadh Air, Saudi Arabia’s brand new flag carrier, has taken flight, promising to not just be another airline, but a game-changer in the region’s aviation landscape. Born from the ambitious Vision 2030 plan, Riyadh Air […]