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Saudi handouts' cost may exceed government estimates, BofA says

Saudi handouts' cost may exceed government estimates, BofA says

Government will spend $16.48bn on a package that included paying civil servants a monthly $266 allowance for a year

King Salman issued the royal order this month after public complaints about the impact of higher fuel prices and the introduction of a 5 percent value-added tax.

Saudi authorities may have underestimated the financial cost of royal

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Bahrain's infrastructure spend to support non-oil sector growth

Bahrain's infrastructure spend to support non-oil sector growth

Bahrain’s non-oil growth will remain resilient over the next two years as GCC investments keep infrastructure spending levels elevated, offset oil sector weakness and keep overall growth close to 3 percent, according to a new report from NBK Economics.

According to the report, oil sector output is expected to remain flat, particularly due to the

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Turkish passenger plane goes off runway metres away from sea

Turkish passenger plane goes off runway metres away from sea

Pegasus Airlines flight had taken off smoothly from the capital Ankara

A Pegasus Airlines Boeing 737 passenger plane is seen struck in mud on an embankment, a day after skidding off the airstrip, after landing at Trabzon's airport on the Black Sea coast on January 14, 2018.

A passenger plane late Saturday skidded off the runway just metres away from

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Dubai's French Riviera replica to begin next phases in February

Dubai's French Riviera replica to begin next phases in February

Dubai-based developer Azizi Developments has said it will commence construction on the next two phases of its flagship Riviera project in Meydan One in February.

Construction on the first two phases of the canal development in Meydan One are underway and will be completed early in 2019. Phases three and four will be delivered in the third quarter

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Uber launches new time-based service for Dubai's business community

Uber launches new time-based service for Dubai's business community

Ride-hailing app Uber has launched a new service in the UAE aimed at the business community.

UberHire is an on-demand, time-based option that allows users to block-book a car and driver that will be charged on timed rate rather than kilometres driven – meaning business people, particularly business travellers, with multiple meetings or commitments

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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