Business & Management

District cooling market in the Middle East to exceed US$12bn by 2024: Global Market Insights

GM InsightThe district cooling market in the Middle East will exceed US$12bn by 2024, said the US-based Global Market Insights, noting that the increasing infrastructure development in the GCC countries and rising demand for cost-effective cooling systems are the main drivers for the growth of district cooling market

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Macro appoints Emma Harvey in FM consultancy team in the Middle East

Emma Harvey mags white backgroundInternational facilities management (FM) company Macro has announced the appointment of Emma Harvey to its FM consultancy team in the Middle East and said that she will be based out of the company’s Dubai office

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UAE President issues Decree-Law on VAT

SB President 1 ENGShaikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, has issued the Federal Decree-Law No 8 of 2017 for Value-Added Tax (VAT) at a standard rate of five per cent, which will be imposed on the import and supply of goods and services at each stage of production and distribution including what is deemed to be a supply

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Saudi Arabia to launch second local currency sukuk programme

riyalSaudi Arabia plans to launch its second local currency sukuk issuance next week, beginning 20 August

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Saudi Arabia halts commercial and working visit visas for UAE Muslim residents during Hajj

Hajj 2008 Flickr Al Jazeera English 3Effective 7 August 2017, Muslim residents in the UAE are unable to apply for commercial and working visit visas for Saudi Arabia as consular processing is suspended during the busy Hajj season

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