Saudi Arabia - BXB Blog: SME Insights and Trends

BXB Blog: SME Insights and Trends

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Saudi Arabia

A collection of 15 posts

Global Entrepreneurs Bet Big on Dubai…

entrepreneurs Featured

Global Entrepreneurs Bet Big on Dubai…

Dubai took the top spot with the startup ecosystem valued at over $23 billion at the end of 2023.

OPEC+ Extended the Ongoing Oil Production Cuts into 2026…

Abu Dhabi Featured

OPEC+ Extended the Ongoing Oil Production Cuts into 2026…

The current voluntary cuts of 2.2mn bpd will continue till March 2025.

Equity Markets Cheered Trump’s Re-election as President...

Presidential elections Featured

Equity Markets Cheered Trump’s Re-election as President...

The S&P500 crossing 6,000 points to a new record.

UAE Introduces New Tax Law…

tax law Featured

UAE Introduces New Tax Law…

UAE announces eInvoicing to simplify tax procedures for businesses in the country.

Gold Prices Surge to All-Time High…

Abu Dhabi Featured

Gold Prices Surge to All-Time High…

Gold prices surging to an all-time high of $2,708 last week, as expectations of further rate cuts by the US Federal Reserve and uncertainties over the impending US election, boosted demand for bullion.

Dubai Real Estate: Secondary Market Sales Topped $20.8bn in H1…

Real Estate Featured

Dubai Real Estate: Secondary Market Sales Topped $20.8bn in H1…

The Dubai real estate is thriving, with secondary sales of properties reaching AED76.34bn ($20.8bn) in the first half of the year.

US Presidential Election 2024: Markets in Suspense as Latest Odds give Trump a 4% edge over Harris…

US elections Featured

US Presidential Election 2024: Markets in Suspense as Latest Odds give Trump a 4% edge over Harris…

The US election betting odds posting a significant 4 percent jump in favour of Donald Trump at 51 percent, over 47 percent for Kamala Harris, in the week ended on Monday, September 2, over the previous week.

UAE Tightens Anti-Money Laundering Laws…

UAE Tightens Anti-Money Laundering Laws…

UAE tightens anti-money laundering laws, forms new committees to fight financial crime.

Major Global Tech Outage Leads to Disruptions Across Multiple Sectors from Airlines to Banks…

business Featured

Major Global Tech Outage Leads to Disruptions Across Multiple Sectors from Airlines to Banks…

Major equities markets ended in the red last week, following a global tech outage that led to disruptions across multiple sectors from airlines to banks, raising questions about cybersecurity and interconnected / integrated ecosystems.

UAE Announced a New 10-year Blue Residency…

Dubai Residentcy Featured

UAE Announced a New 10-year Blue Residency…

UAE announced a new 10-year visa for individuals who have made “exceptional contributions and efforts in the field of protecting the environment”.

Why are International Businesses relocating to Dubai…?

Why are International Businesses relocating to Dubai…?

UAE News: Dubai will “never compromise” on the safety and security of individuals visiting, living and working in the city, Hoor Al Khaja, Senior Vice President of International Operations at Dubai Department of Economy and Tourism (DET) told Arabian Business. From January to March 2024, DET recorded 5.1 million

UAE Golden Visa: Wealthy ‘Retirees’ Flock to Dubai after $272,000 Rule Change…

Dubai’s exceptional services and amenities, including addition of a range of world-class healthcare facilities, are also acting as catalysts for potential relocation for cash-rich retirees.

UAE Announces Ramadan 2024 Working Hours for Public and Private Sector…

UAE News: The UAE has announced reduced working hours for the public and private sectors during Ramadan 2024. The Ministry of Human Resources and Emiratisation (MoHRE) announced a reduction of two working hours per day for private sector employees during the Holy Month of Ramadan. UAE is forecast to grow

Taxation in UAE Featured

UAE has No Plans to Introduce an Income Tax or Raise VAT…

UAE has no plans to introduce an income tax or raise VAT, reiterated the Undersecretary of the Ministry of Finance on the sidelines of the World Governments Summit in Dubai.

BRICS UAE, Saudi Expansion Marks Biggest Challenge to the US Dollar in the 21st Century…

BRICS UAE, Saudi Expansion Marks Biggest Challenge to the US Dollar in the 21st Century…

UAE News: Dubai PMI rose to a 16-month high of 57.7 in December (Novemver: 56.8), supported by the wholesale & retail sector’s strong “upturn in sales” alongside the travel & tourism sector’s “rapid” growth. New order growth was the second-fastest recorded since June 2019 and job