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Tag "VAT"

Saudi Arabia to increase VAT, suspend cost of living allowance

Saudi Arabia to increase VAT, suspend cost of living allowance 0

🕔16:05, 11.May 2020

Saudi Arabia will cancel and postpone spending and cut some allocations for Vision 2030, with a total cost of 100 billion riyals (Dh97.8 billion), according to Al Arabiya. This has been taken as part of the government’s efforts to manage the economic

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UAE jewellers want duty cut on recycled gold

UAE jewellers want duty cut on recycled gold 0

🕔15:27, 15.Jan 2020

Dubai: The UAE could reconsider how it imposes import duty on recycled gold jewellery to make local retail prices more competitive. An independent consultancy could be brought in to look into the pros and cons of such a change, according

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Watches and jewellery spending rises by 29% for Middle Eastern shoppers

Watches and jewellery spending rises by 29% for Middle Eastern shoppers 0

🕔15:58, 31.Jul 2019

You can get a 4-star hotel in Dubai this summer for about £30, such is the oversupply of tourism property in the Gulf city state in 2019.  Qatar is still under a cloud thanks to a dispute with neighbouring Saudi

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Gold gets sheen back, seen to glow even brighter in H2

Gold gets sheen back, seen to glow even brighter in H2 0

🕔18:07, 17.Jun 2019

Gold prices are biased towards the upside due to ongoing US-China trade tensions, the Iran crisis and strong demand expected from festivals during the second half of 2019, industry analysts and executives say. Trading at $1,341 an ounce, the yellow

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Eid bonanza : Better gold deals in the UAE in 2019

Eid bonanza : Better gold deals in the UAE in 2019 0

🕔16:13, 5.Jun 2019

After a year that saw sluggish gold sales in the UAE following the introduction of value-added tax (VAT), jewellers are breathing a sigh of relief; they say there is an upward trend in the market ahead of Eid and the

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UAE Gold Market in Revival Phase

UAE Gold Market in Revival Phase 0

🕔13:12, 29.Apr 2019

While the gold market in the UAE witnessed a slight pull back effect, following the introduction of the value added tax (VAT), the market is now firmly in its revival phase, said Ramesh Kalyanaraman, chairman and managing director of Kalyan

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Head of Dubai’s Gold Trade Body Calls for More Support From Government, Industry

Head of Dubai’s Gold Trade Body Calls for More Support From Government, Industry 0

🕔12:29, 25.Apr 2019

Dubai Gold and Jewellery Group’s Tawhid Abdulla wants gold producers and financiers to do more to promote the emirate’s gold market.The head of the trade body for Dubai’s jewellery industry has called for more support for the industry both from

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