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Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

Global Executives Express Severe Pessimism amidst COVID-19 Pandemic

As society-wide lockdowns ensue, the Economist Intelligence Unit reveals private-sector sentiment through its Global Business Barometer. Sentiment about the global economy over the next...

Trump Suspends Immigration to the US amid Coronavirus Pandemic

US President Donald Trump said Monday that he will sign an executive order "to temporarily suspend immigration into the United States" because of the...

Economic Impact of COVID-19 Around The World

UK to pay up to 80% of employee wages for those unable to work due to the pandemic. US lawmakers continue negotiations over...

Global Real Estate Investment Hits Record High in 2019

Global commercial real estate investment reached an all-time high of US$800 billion in 2019 Global commercial real estate investment reached an all-time high of US$800...

Global Growth Outlook Stabilized; What’s ahead in 2020?

Global financial conditions have improved across the world, although rising debt levels pose a future threat. An uneasy cessation of trade hostilities between...

The World’s Best New Luxury Hotels 2019

Our twelve highly experienced and discerning researchers bring you this year’s inside track on luxury hotel openings openings across the globe. We thoroughly research every property, on...

Saudi Arabia: Property Prices and Rents May Continue Weak Trend

Expats exiting the kingdom following the imposition of expat and dependent taxes; and the white land tax, are exerting downward pressure on sale...

Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank today released its Outlook report for 2020, titled, “Staying Positive in a Negative (Yielding) World.” The twice-yearly publication provides in-depth insights...

Saudi Arabia Assumes 2020 G20 Presidency

The Kingdom of Saudi Arabia assumes the 2020 G20 Presidency today, 1 December, 2019. The Saudi G20 Presidency will focus on “Realizing Opportunities...

World’s Most Attractive Countries for Foreign Workers in 2018

If you had to move abroad for work, where would you most like to go? According to the latest edition of the Boston Consulting Group’s...

World’s Biggest Economies in 2018

The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US...

Iran Deal: The EU Has The Most To Lose

Europe is on edge ahead of Donald Trump announcing whether the U.S. will withdraw from the Iran nuclear deal. European companies have enjoyed success...

Saudi Arabia Granted 664 Patents in 2017; Double of All Arab...

Saudi Arabia has ranked 23rd among 92 countries in terms of patents granted by the United States Patent and Trademark Office (USPTO) in 2017....

Quality of Living Survey: Emerging Markets Catching Up

Vienna ranks highest for quality of living for the 9th year in a row Honolulu ranks first for city sanitation, an important factor...

UAE Goes Green To Celebrate National Day of Ireland

Today as millions around the world celebrate the National Day of Ireland, the UAE is going ‘green’ to mark Ireland’s big day with grandeur....

Financial Crisis Amongst Top 10 Global Risks for 2018

In the wake of the 2008 financial crisis, we asked ourselves one question over and over again: why didn’t we see it coming? It rocked...

Global Economy Set to Grow 3.2 Percent in 2018

The global economy will expand 3.2 percent in 2018, matching the rate of growth achieved in 2017 and marking the first time since 2011...