GulfBase Live Support
The Shoura Council called on the Saudi Industrial Development Fund (SIDF) to adopt initiatives aimed at identifying and encouraging women who wish to enter the field of industrial investment and provide financial support and advice to them.
This came on Tuesday during the work of the Council’s 53rd ordinary session of the first year of the seventh session held under the chairmanship of the president of the council, Sheikh Abdullah Al-Asheikh.
In its resolution, the council called on the SIDF to expand the provision of loans to invest in the fields of logistics services, and to develop criteria and indicators to measure the developmental impact of its activities.
The council has also approved a number of amendments to the Civil Service Law issued by Royal Decree No. (49) dated 10/7/97 AH, which included amendments to the formation and regulation of the law.
The assistant speaker of the council, Yahya bin Abdullah Al-Samaan, revealed that the council discussed the report of the Committee on Transport, Communications and Information Technology regarding the annual report of the General Authority of Civil Aviation (GACA) for the fiscal year 1436/1437 AH.
In its recommendations to the council, the committee called on the GACA to oblige airlines to provide the necessary seat capacity for internal passengers and to address the high internal ticket prices.
The committee has also asked the GACA to complete the self-service system for all airports, and to oblige airlines to develop effective mechanisms to address the problems of customers and notify them within a maximum of fifteen days of filing the complaint.
The council then discussed the report of the Hajj, Housing and Services Committee on the annual report of the Ministry of Hajj and Umrah for the fiscal year 1436/1437 AH.
In its recommendations to the council, the committee called on the Ministry of Hajj and Umrah to discuss with the appropriate authorities the expansion of the restrooms assigned for pilgrims in places considered by the ministry. The ministry was also asked to study the possibility of raising the capacity of the tents in coordination with the authorities.
The introduction of VAT in the UAE may raise up to 1.7 per cent of the country’s gross domestic product, the rating agency Moody’s said. “The implementation of VAT in the UAE marks a positive step t
Buoyant exports will drive Qatar’s current account surplus to nearly 9% of the country’s GDP in 2018; an increase of around 5%, a new QNB report has shown.
With oil prices expected to avera
The Sharjah Investment and Development Authority (Shurooq) and Injazat Services announced the establishment of the Sharjah Investors Services Centre.
The centre will provide services to inv
Higher crude production and recovering oil prices will aid growth in an otherwise sluggish oil sector and strengthen fiscal and external balances for the GCC economies, according to ICAEW’s latest Ec
Qatar’s Industrial Production index (IPI) rose to 107.7 points for the month of July, up by 2.2 percent compared to the previous month , and increased by 1.4 percent from a year ago.