Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Ministry of Finance Releases Draft of Government’s Tender, Procurement Regulations

by Asharq Al-Awsat | Oct 9, 2017 | Business

Riyadh- Saudi Arabia’s Finance Ministry released on Sunday the first draft of the government’s tender and procurement regulations on its website, so that related parties can share their views and suggestions until Saturday 28 October. The move comes as part of the...

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Jordan’s Finance Minister Omar Malhas delivering his speech on state budget bill for 2017. Petra

Strong Demand by Investors for Jordan’s ‘Eurobonds’

by Mohamed Al-Daameh | Oct 4, 2017 | Business

Amman- Jordan has successfully issued $1 billion worth of Eurobonds on international markets at an interest rate of 7.375 percent and under a maturity period of 30 years, according to a Ministry of Finance statement. Underwriting applications for the bonds surpassed...

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Ministry of Finance, Riyad – SPA

Saudi Ministry of Finance: ‘No Government Fees on Outward Remittances’

by Asharq Al-Awsat | Jan 23, 2017 | Business

Riyadh -The Saudi Finance Ministry said on Sunday there would be no fees applied on outward remittances. Saudi Arabia is “committed to the principle of free movement of capital in and out of the kingdom in line with international standards,” the ministry said on its...

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An assortment of soft drinks Photo -Reuters

Saudi Financial Ministry: Selective Tax not to be Implemented

by Shuja Al-Baqmi | Jan 5, 2017 | Business

Riyadh – Ministry of Finance in Saudi Arabia said it has not yet implemented the selective tax on commodities such as soft drinks, energy drinks and tobacco. Upcoming April is expected to witness the completion of this step. Asharq Al-Awsat Newspaper was...

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File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)

Egypt postpones Qatari bond issue

by Sharif Yamani | Jul 31, 2013 | Business

Cairo, Asharq Al-Awsat—Hamdi Samir, adviser to the minister of finance for public debt affairs has said the plan to issue Egyptian bonds in favor of Qatar has been temporarily postponed due to the unrest in the country, adding that only the date of the issue will...