Report cites job stability, higher wages for Saudi workers

In a time when the Saudi economy is struggling, there is some glimmer of light for Saudi workers, particularly native citizens. A study by the Korn Ferry Hay Group shows big increases across the board for salaries in some industries, such as high technology and transportation and logistics. The study also found that over half of Saudi nationals have held the same job for at least five years. Read More »

Dubai-based Biologix FZCo. to distribute leukemia drug in the Middle East

ARIAD Pharmaceuticals recently entered into a deal that gives Dubai-based Biologix FZCo. the rights to distribute blood cancer drug Iclusig throughout numerous countries in the Middle East and North Africa (MENA) region. Under the distribution deal with ARIAD, Biologix can commercialize the drug in Bahrain, Kuwait, Lebanon, Oman, Saudi Arabia, Qatar and United Arab Emirates. Read More »

GCC countries' plans to implement value-added tax putting businesses in bind

Gulf Cooperation Council nations are planning a radical shift in tax policy, with the U.A.E. and Qatar as early adopters of a new value-added tax (VAT), and Kuwait, Saudi Arabia, Oman and Bahrain planning to implement the tax within two years. The pending tax policy is shaking up the accounting market as businesses scramble to secure the personnel they will need to complete paperwork. Read More »

EMC Egypttoday announces new vice president

Per a recent announcement, Mohamed Talaat has been named the new vice president for EMC Egypttoday, as a result of which he will be gaining responsibility for the Saudi Arabia, Turkey, Egypt and Libya coverage areas; Talaat will be based out of Riyadh and will be responsible for the company's strategy to strengthen both the business environment and overall economic opportunities in each of these countries. Read More »