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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

18/08/2022

	Now, pay government fees using mobile payment apps, bank transfer, credit cards The Ministry of Finance announced on Wednesday that customers can now pay government services fees using the various payment options accepted in the UAE.
	Dh500,000 fine for insulting people online The Dubai Public Prosecution has reminded residents that they can be fined up to Dh500,000 for insulting others online.
	UAE economy is expected to grow by over 5% in 2022: UBS Michael Bolliger, chief investment officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five per cent in 2022.
	Saudi Arabia, Uzbekistan bolster ties with 10 investment deals worth $12bn Saudi Arabia and Uzbekistan have signed over 10 investment agreements, worth over SR45 billion ($12 billion), during a meeting of the Saudi-Uzbek Business Council in Jeddah on Wednesday.
	IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high Saudi Arabia’s gross domestic product is expected to grow at the fastest rate in almost a decade at 7.6 percent with inflation likely to remain at 2.8 percent in 2022, the International Monetary Fund’s Article IV Consultation report has predicted.
	ACWA Power to sign $2.4bn deal for 1,500MW wind project in Uzbekistan ACWA Power Co. said it will sign today a $2.4 billion deal with the government of Uzbekistan for a 1,500-megawatt wind project, a bourse filing revealed.
	Saudi Arabia issues over 4.4k licenses, attracting $932m investment in Q2 Saudi Arabia has recorded a massive jump of 673.4 percent in the number of investment licenses, with 4,455 licenses issued in the second quarter of 2022 in comparison to 576 in the same period last year, the latest government data showed.
	Joint panel says Kuwaitization process very slow A committee comprising of representatives from the government and private sectors is aiming to rectify the lopsided expat-citizen composition in the private sector. “Kuwaitization in private companies is moving slower than expected.

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