Tag Archives: SE
Threefold increase in electricity bills from today
:: From Monday, consumers will have to bear a threefold increase in electricity tariff with the implementation of Value Added Tax (VAT) and a revised bill calculation system. Saudi Electricity Co. (SEC) will apply 5% VAT on electricity bills, connection
Gulf projects: Demand grows for public-private partnerships
The Gulf’s state-linked firms are being forced to wean themselves off direct government funding, and focus more on capital markets and private investment, to push ahead with projects in an era of cheap oil. In the previous several years of
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