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Saudi royal handouts to cost kingdom $13 billion in 2018

Reuters A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about 50 billion riyals ($13.3 billion) this year, the information minister was quoted as saying on Sunday. “The allocation of 50 billion riyals for this decree indicates the leadership’s concern for the people’s comfort and quality of living,” Minister ...

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Azizi set to deliver projects worth AED1.8bn by Q2 2018

Dubai / Emirates Business Azizi Developments, one of the fastest growing developers in the UAE, has announced that it will continue its fast pace of development in Al Furjan in 2018, with a total of seven projects lined up for delivery in Q1 and Q2 of 2018, ahead of planned schedule. The seven serviced apartment projects boast a combined value ...

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UAE plans to distribute 70% VAT revenues to local governments

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, chaired on Sunday the first Cabinet session of the new year and highlighted the importance of choosing the year 2018 to be the ‘Year of Zayed’. The session was held at the Presidential Palace in Abu Dhabi, ...

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