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Kuwait Monday introduced a five per cent value-added tax (VAT) to come into force next year, as the country’s economy has gone into slow motion owing to struggling oil production. Country’s leader Sultan Haitham bin Tariq issued a decree for Read more
Israel has said it will stand in the way of potential sales of F-35 jets by the U.S to Qatar after the Gulf country submitted a formal purchase request, reports say. Intelligence minister Eli Cohen, Sunday told Army radio, the Read more
A top Emirati official has slammed Turkish President Erdogan’s remark that Turkish military base in Qatar has contributed to the stability of the Gulf region. “The Turkish military presence in the Arab Gulf is an emergency,” Anwar Gargash, the UAE’s Read more
Narges Mohammadi, an Iranian prominent human rights activist, was freed Wednesday after serving 8 years in prison following conviction on plotting to harm the security of the Islamic republic, reports say. Mohammadi, according to judiciary official Sadegh Niaraki, sentenced to Read more
Sumitomo Wiring Systems, a division of the Japanese Sumitomo Group, will launch in December a new factory to produce pigtail cables for used in cars to supply the Egyptian local market and to export to Europe, Arab Finance reports. The Read more
Qatar Monday made bid to host the 2030 Asian Games a “national priority” despite competition from regional power house and former ally Saudi Arabia. The organizing committee of the Asian Games has validated the tiny Gulf country’s bid to host Read more
security forces Sunday arrested two militants of the Islamic state group (ISIS) who have taken part in several attacks against the armed forces and civilians, reports say. The interior ministry in a statement said one of the militants was responsible Read more
Bahrain has temporarily suspended flights to a number of destinations judged risky as part of the Gulf country’s efforts to stem the spread of covid-19 pandemic. The Undersecretary for Civil Aviation Affairs at the Ministry of Telecommunications Mohammed Thamer Al-Kaabi, Read more
The normalization with Israel, desired by the United States before next November, the date of the presidential election, is not materializing in Sudan. Neither the visit of U.S. Secretary of State Mike Pompeo to Khartoum last August, nor last week’s Read more
The European Investment Bank, EIB, has said it plans to invest €78 million into expansion of Helwan Wastewater Treatment Plant in Egypt valued at € 200 million, Arab Finance reports. The lender in a statement, the online media notes, is Read more