The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved ... Read More
The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 ... Read More
Major Gulf stock markets were weak in early trade on Monday in response to soft global equities and crude oil prices, although Dubai courier firm Aramex soared on a ... Read More
U.A.E. Ministry of Finance advertising about 30 tax jobs Gulf Arab monarchies to impose value added tax by 2018 The United Arab Emirates is setting up a federal tax ... Read More
Low taxes and a quality lifestyle are attracting expats to extend their stays in Gulf state countries, according to a new study. Although tax and money are important to ... Read More
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for ... Read More
Impact would be negligible if VAT won’t exceed 5% and food essentials are exempted The impact of a value-added tax (VAT) system on consumers in the UAE may vary ... Read More
As investors are turning cold towards gold, prices are headed for significant declines, according to a bank The overall sentiment towards the yellow metal will turn increasingly bearish next ... Read More
Oil prices extended declines on Monday after two straight days of losses late last week as high production offset strong refinery runs, but a storm that could impact Gulf ... Read More
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