Abu Dhabi exchange hires former TAQA CEO for top role

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) has appointed Saeed Hamad Al Dhaheri as Chief Executive Officer. Al Dhaheri, who previously held the top role at Abu Dhabi National Energy Company (TAQA), oversaw TAQA’s merger with Abu Dhabi Power Corporation (ADPower) that created one of the largest utility companies in the Europe, Middle East and […]

Oman could start taxing the rich from 2022 to try and cut budget deficit

Muscat: Oman plans to take a step unheard of in the Gulf region: It’s going to start taxing the income of wealthy individuals beginning in 2022, as part of a broader programme to tackle a budget deficit that’s ballooned due to low oil prices and the coronavirus pandemic. By reducing government spending while spurring investments, the […]