Author Archives: GCC Media Team

COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction

Originally posted to the Gulf News website Companies have also requested VAT to be reduced [...]

Oil prices up after Saudi pledge on cuts eases some glut fears

Originally posted to the Reuters website, 12 May 2020 LONDON (Reuters) – Oil prices rose [...]

Saudi Aramco Q1 profits of $16B as virus impacts earnings

Originally posted to the Associated Press News website, 12 May 2020 DUBAI, United Arab Emirates [...]

Rights group says Saudi Arabia is holding a senior prince incommunicado since March

Originally posted to the Reuters website, 09 May 2020 DUBAI (Reuters) – Human Rights Watch [...]

Rated Gulf banks can absorb up to $36 billion shock before moving into red: S&P

Originally posted to the Reuters website, 10 May 2020 DUBAI (Reuters) – Rated banks in [...]

Saudi to distribute $493 million as ‘Ramadan Aid’ for social security beneficiaries

Originally posted to the Reuters website, 11 May 2020 CAIRO (Reuters) – Saudi king Salman [...]