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Production Cuts
The intentional reduction in the quantity of goods or services produced by a business or industry, often to address oversupply or market imbalances.
Customer-Centric Technology
Utilizing technological solutions that enhance and support a customer-focused approach.
Regulatory Technology (Regtech)
The use of technology to help businesses comply with financial regulations efficiently.
Customer-Centric Employee Recognition
Recognizing and rewarding employees for their contributions to enhancing the customer experience.
Submit Initial Incident Report
The action of providing the initial report on the discovered incident to the relevant parties, typically within a specified timeframe.
Incident Report
An official document or record detailing an incident, including its nature, impact, and any initial actions taken.
Report of the Activities Made on Budget Approval
Report of budgetary reclassifications made on budget items for the government body after approval of the Ministry of Finance.
Tax Installment
Tax payment in installments is made in cases where the taxpayer faces difficulties in paying the amounts due in full. Payment is made according to the installment plan approved by the Zakat, Tax and Customs Authority after the advance payment is made.
Narrowed
Reduction in the width, scope, or range of something, often used to describe a decrease in differences or variations.
Reducing Reliance
The process of diversifying resources or sectors to achieve economic stability and reduce risks.
Restriction of Goods
A legal requirement by law for the submission and approval of an application or other document (other than for Customs purposes) as a prior condition to importation or exportation.
Credit Risk Assessment
The process of quantifying the potential credit risk associated with a borrower or investment. It includes analyzing financial data, credit history, and other relevant factors to determine creditworthiness.
Integration of Customer-Centric Technology
Integrating technological solutions to enhance customer interactions and service delivery.
Cost of Sold Goods
The direct costs of producing goods sold by a business, including materials and labor.
Net Tax Assessment
The estimation of a Taxable Person’s Net Tax due is made either by a Taxable Person upon submitting the Tax Return or by the Zakat, Tax, and Customs Authority in any other circumstances.
Risk Assessment
The process of quantifying various risks, including credit risk, to make informed decisions about lending, investments, and financial transactions.
Beneficiary Acquisition Cost
A key metric that represents the average cost an entity incurs to acquire a new beneficiary. It is calculated by dividing the total costs associated with acquiring beneficiaries by the number of new beneficiaries gained during a specific period.
Economic Composition
The general framework that defines the nature and organization of the national economy, and includes the set of elements and components that make it up, such as the main economic sectors, sub-industries, and the distribution of GDP among these sectors.
Economic Empowerment
Increasing individuals’ or communities’ ability to participate in and benefit from economic activities.
Alternative Funding
Non-traditional methods of raising capital or financing, such as crowdfunding, venture capital, and private equity.
Behavioral Finance
A field of finance studying how psychological biases influence investment and financial decisions.
Decentralized Finance (DeFi)
A blockchain-based financial system that operates without traditional banks or intermediaries.
Predictive Feedback
A system’s ability to anticipate a user’s needs or actions and provide relevant feedback or suggestions before the user explicitly requests it.
Securities Crowdfunding
Offering securities through a securities crowdfunding platform to the subscribers of that platform, by a capital market institution authorized to carry out arranging activity.
Activation
The process of enabling and mobilizing the partners you've recruited to perform valuable activities for your business (e.g. sharing a link, making a referral, or closing a deal).
Execute Works at the Contractor's Cost
To withdraw and execute the works at the contractor's cost and expenses.
Intergenerational Mobility
The ability of individuals to improve or change their economic status relative to their parents.
Portfolio Diversification
The practice of spreading investments across different asset classes to reduce risk.
Threat
Any circumstance or event that could negatively impact an organization, its mission, functions, credibility, reputation, and assets.
Smuggling
The importation or attempted importation of goods with intent to defraud the revenue.
Documentation
The creation, management, and storage of written or digital records, reports, contracts, and other paperwork that document business and financial activities.
Essential Supply
The goods or services supplied by a Seller (Supplier) and ultimately received by the End Customer.
Continuous Supply
The provision of goods or performance of services continuously across a defined period.
Taxable Supplies
Goods on which the tax is imposed, either in the standard rate or at the zero rate with deducting the associated input tax, in accordance with the provisions of The Unified Agreement for VAT of GCC, VAT law, and its implementing regulation.
Sourcing
The process of finding, evaluating, and selecting suppliers, partners, or resources to obtain goods, services, or inputs for an organization.
Rating Outlook
An opinion provided by credit rating agencies about the future direction of a credit rating. It can be positive, negative, stable, or on review, indicating whether the creditworthiness of the entity is likely to change.
Beneficiary Expectations
The perceived value or benefits a beneficiary seeks from a product or service. Beneficiary expectations are typically formed based on the beneficiary's previous experience or through the experience of a friend or individual from an organization.
Investment Rating
This term is applied to financial institutions, bonds and investment instruments with a minimum BBB- or higher by Standard & Poor's, Baa3 or higher by Moody's, BBB- or higher by Fitch International for long-term ratings.
Structural Diversification
The process of diversifying a portfolio or business by investing in or developing assets, products, or markets with different characteristics or risk profiles.
Consensus
A general agreement or shared opinion among experts, analysts, or stakeholders regarding market trends, forecasts, or investment decisions.
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