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saudi arabia

Prince Mohammed bin Salman: Who is Saudi Arabia's new Crown Prince?

Prince Mohammed bin Salman becomes deputy prime minister and retains his defence and other portfolios, the decree issued by the Saudi state news agency SPA said.

Even as deputy crown prince, Mohammed bin Salman has been responsible for running Saudi Arabia's war in Yemen, dictating an energy policy with global implications and behind the plans for the kingdom to build a future after oil.

Wednesday 21 June 2017- Reuters News
transport

Flights of fancy: Driverless flying taxis to start testing in Dubai in Q4

Dubai’s Roads and Transport Authority (RTA) signed an agreement with German firm Volocopter, which specialises in the making of driverless air vehicles.

The RTA had earlier this year announced plans to embrace driverless vehicle technology and by 2030 it is aiming that one in four journeys in the emirate will be driverless. The move will also help free up lands dedicated to car parking spaces to be used for new urban development projects.

Tuesday 20 June 2017- Express
logistics

Door-to-door: DHL Express looks to take advantage of the growing e-commerce sector in the Gulf

The GCC is one of the fastest rising markets in the e-commerce sector that is expected to amount to around $20 billion by year 2020.

“We are excited by it (the rise of e-commerce in the region). It is an opportunity for us,” Senior Vice President and Country Manager for DHL Express in the UAE, Geoff Walsh, said.

“I think it is a business opportunity. The more cross border we have, then the more people shipping around the world, the more we can support and be involved… I think it is going to be a great add-on asset to this industry,” he added.

Monday 19 June 2017- Express
retail

Amazon ramps up hiring as it aims to dominate the GCC e-commerce sector

American e-commerce giant Amazon is moving full steam speed ahead with its entry into the Gulf market and has started advertising for staff in the region.

In a job posting for a ‘Manager, International Public Policy’ in the Middle East, it said the role would involve increasing awareness of e-commerce and communicating to policymakers in Gulf Arab states on how Amazon is unlocking opportunities for small and medium-sized businesses, job creation, and economic growth.

In March, Amazon acquired 100 percent of Middle East online retailer Souq.com.

Sunday 18 June 2017- Express
qatar

Qatar rift: Olympics committee hopes row won't affect sports development in the region

The International Olympic Committee said it hoped the severing of diplomatic and economic with Qatar by several Arab states would not affect sports development in the region.

Qatar is among the leading investors in world sport, preparing to host the 2022 soccer World Cup and the 2019 world athletics championships among the other top events it is set to stage in the coming years.

Sunday 18 June 2017- Reuters News
aviation

Limited skies: UAE carriers continue to reduce U.S. capacity

Abu Dhabi's Etihad Airways said it is suspending flights to San Francisco in the United States from October after falling passenger demand curbed the route's profitability.

Rival Dubai-based Emirates in April announced it was reducing flights to five U.S. cities, blaming a drop in demand on new travel restrictions imposed by the President Donald Trump's administration.

Emirates said in March that booking rates on U.S. flights fell 35 percent.

Thursday 15 June 2017- Express
saudi arabia

Saudi Arabia aims to raise $17 billion from its expat tax: how it will impact businesses

Starting next month, the kingdom is set to start collecting a new monthly fee of 100 Saudi riyals for every expat dependent, with plans to increase the fee gradually next year until 2020.

Abdullah Al Maghlouth, a member of the Riyadh Chamber of Commerce and Industry, warned that the new tax will negatively impact the private sector.

“The fees will have an adverse effect on the private sector including the contractors, the building material, the food and consumer products will increase prices. The citizen will be harmed. This will also harm the attractiveness of the work environment in the kingdom,” he said.

Wednesday 14 June 2017- Express
united states

Update: Trump's travel ban against six Muslim-majority nations suffers another legal setback

The San Francisco-based 9th U.S. Circuit Court of Appeals used narrow grounds to reject the Trump administration's bid to undo a Hawaii federal judge's decision blocking the temporary ban.

It said the Republican president's March 6 order violated existing immigration law. But the three-judge panel - all Democratic appointees - did not address whether it was unconstitutional discrimination against Muslims.

A second court, the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals, on May 25 upheld a Maryland judge's ruling that also blocked Trump's 90-day ban on travellers from Libya, Iran, Somalia, Sudan, Syria and Yemen.

Tuesday 13 June 2017- Reuters News
saudi arabia

Weakest link? While most Saudi CEOs are confident about the future, construction bosses are pessimistic

A new survey of Saudi CEOs, carried out by global consultancy firm the Oxford Business Group (OBG), contained the following key points:

- 70% of executives surveyed said they expected business conditions to be positive over the next 12 months.

- However, over 70% of construction bosses said they felt negative about the period, citing higher utility tariffs and costlier expatriate labour fees as the main cause.

Monday 12 June 2017- Express
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