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Egypt witnessed a 22 % annual growth in the total amount of online payments, estimated at $6.2 billion of transactions in 2016. (Shutterstock)

June 5th, 2018 - 06:51 GMT

Egypt Plans to Impose VAT on All Online Transactions

Egypt’s Tax Authority is actively studying imposing Value-added Tax (VAT) on online ad buys and e-commerce transactions.

The retail sales of gold and diamonds are still fully subject to VAT at five per cent. (Shutterstock)

May 31st, 2018 - 06:48 GMT

FTA Clarifies VAT on Gold, Diamond Deals in UAE

Big and small retail firms have achieved 24 percent Saudization, with grocery stores registering 10 percent of the total Saudi employees in the sector. (Shutterstock)

May 30th, 2018 - 08:26 GMT

Good News for Saudis: 490,000 New Jobs in Retail Sector