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“I share responsibility for what happened,” Abdel-Wadood said. “I regret my involvement more deeply than anyone can imagine.”Abraaj founder Arif Naqvi says US charges ‘politically motivated. DESPARDES — A former
Karachi has “highly complex political economy, highly centralized but fragmented governance, land contestation among many government entities, and weak institutional capacity. The city needs $10bn over next 10 years to
There will be no minimum or maximum ownership limit, although the owners must hold the shares for two years before they can sell. BE2C2 Report — Saudi Arabia has relaxed
Continue readingSaudi Stock Exchange Relaxes Ownership Limits For Foreign Investors
Although Saudi Arabia is the world’s third biggest military spender ($67.6bn), only 2 percent of this spending is within the Kingdom. DESPARDES — Saudi Arabian Military Industries (SAMI), has bought Riyadh-based
In a related development, investors of Saudi $500bn Neom city will get residencies and visa-free travel to several countries in the Red Sea, such as Egypt and Jordan. DESPARDES —
Continue readingSaudi Launches Special Residency Visa Scheme, Like Green Card for Expats
17 percent of foreign workers are in skilled category, with remainder mostly working in agriculture, cleaning and domestic service SAEED HAIDER — Saudi Arabia has the third highest expatriate presence–
Continue readingExpats Dominate Saudi Labor Market But Only in Menial Jobs
There were 2,604 billionaires in the world at the end of 2018, down 5.4% from the previous year BE2C2 Report — The UAE has been ranked among the top 10
Continue readingUAE Among Top 10 Markets for Billionaires Globally
As we had earlier pointed out in several of our reports, effective communication and perception management have been the new government’s major stumbling block. PKONWEB — Measures taken in the
Continue readingSilver Lining in Budget Not Parsed, Communication Management Needed, Say Experts
Two wrongs won’t make one right. PKONWEB Analysis — From a leg up to a thumbs down, the Budget announced by PTI-government– its first during 10-months in office isn’t finding
Continue readingThe ‘Garage’ Budget 2019: Meant to Fix the Car With Tools Available
DESPARDES News Monitor — From 2.5 million barrels per day in April 2018– just before the U.S. withdrew from the Iran nuclear deal and moved to re-impose sanctions on Iran’s
Record U.S. trade deficit in 2018 reflects failure of Trump’s trade policies DESPARDES News Monitor — Statistics show that the trade balance of the United States continues to increase. In
Continue readingRecord U.S. Trade Deficit In 2018: $891B On Trump’s Watch (Infographics)
The World Bank suggests 75 per cent tax compliance as a realistic level for lower-middle-income countries. Presently, the State’s gap between actual and potential tax recovery is less than 50
Continue readingBroadening Tax Base: FBR Authorized to Access Bank Info –to Connect the Dots