According to a recent study by PayFort, the GCC’s online retail revenues are expected to reach $69 billion by 2020. “The UAE leads the way regionally in terms of online sales, with 62 percent of citizens now shopping online, and annual sales expected to reach US$23.7 billion by 2022.” This was stated by Mauro Romano, CEO, ArabClicks, during an exclusive interview with Gulf Today.
Saudi Arabia unveiled the design of its pavilion at the Expo 2020 Dubai on Sunday. The pavilion will be second in size only to that of the UAE pavilion, covering an area the size of two football pitches.
Through its theme of "Building a Community with a Shared Future for Mankind - Innovation and Opportunity", the China Pavilion will be one of the largest at Expo 2020 Dubai, occupying a land area of 4,636 sq m.
Walid Abdel Malik, Director of Business Registration and Licensing in the Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), inaugurated on Thursday the very first staging of Sleep Expo Middle East at the Dubai Festival City Arena. The event opened its doors to both trade visitors and consumers across the region, showcasing the latest advances in in the sleep technology space.
With India aiming to become a $5 trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to improve the export of goods and services.
Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.
National Bank of Oman (NBO), has successfully closed its debut $300 million 3-year syndicated term loan facility which was signed on Aug.29th, 2019. The proceeds of the facility will be used for general corporate purposes.
India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside.