Tuesday 25 April 2017

Saudi reforms to continue: report

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 estate white land tax kicked in late March, proceeds of


Saudi reversal of allowance positive for economy

Saudi Arabia’s decision to reverse allowance cut is likely to boost overall consumption in the economy, as higher disposable income will benefit core consumption sectors i.e. retail and food sectors, a report said. Notably these were the sectors which saw the steepest fall


Cloud 'is a great enabler and equaliser'

‘Cloud’ is steadily and surely in the horizon of every business across the world. Cloud services are being increasingly used by companies big and small to reduce IT costs and to better efficiency. For startups and small and medium enterprises (SMEs) cloud is not just an option, but


Saudi diversification from oil ‘likely to take time’

Saudi Arabia’s initiatives to move from heavy dependence on the hydrocarbon sector will take time as long-term projects will face challenges such as the transfer of public sector jobs to the private sector, said an industry expert. Saudi Arabia’s weakness is its dependence


Populism across the West to drive GCC economy

As the rising tide of populism in the West erodes the foundations of the open market, the apparent retreat from globalisation may result in the GCC’s capital markets gaining huge momentum for growth, said an industry expert. Steen Jakobsen, chief economist of Saxo Bank, the


Robust Mideast activity despite global dip

Global cross-border M&A activity continued to dip as political turbulence and economic uncertainty become the new normal for dealmakers, while deal flow in the Middle East remained stable, according to a new report. Baker McKenzie's Cross-Border M&A Index, which track


World economic outlook: Gaining momentum?

With buoyant financial markets and a long-awaited cyclical recovery in manufacturing and trade under way, world growth is projected to rise from 3.1 per cent in 2016 to 3.5 per cent in 2017 and 3.6 per cent in 2018, the IMF said in its latest World Economic Outlook (WEO) forecast.


Redesigning retail for the next generation

Just as retailers begin to gain clarity on what makes Millennials tick, a new generation is emerging that widens the digital divide even further. Meet Gen Z: categorized as consumers age 20 and younger. When it comes to digital shopping, they build on the attitudes and expectations first identi


High Net Worth marketing, a tailored approach

In the High Net Worth (HNW) marketing space the trend is towards speed, automation and algorithms, says a report from SKS Media, a full service HNW advertising and marketing agency, based in London, UK. Some companies now use machine learning and natural language processing to ta

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