Monday, June 25, 2018

Money & Business

GCC countries ‘will raise VAT to 10% in 5 years’

GCC countries are planning on introducing VAT and Specific taxes commencing January 2018, according to Dr Nasser Al Saidi, renowned economist and founder and...

Bad news for drivers: UAE fuel prices increase in May

Motorists will have to pay a little more to fill the tanks of their vehicles in May as the fuel prices were revised upwards...

IMF says GCC must accelerate economic reforms

The IMF said Gulf Cooperation Council (GCC) countries need to step up crucial reforms in order to cope with low oil prices and slower...

Bahrain MP’s debate law to make all banking Islamic

In a move that could challenge Bahrain's status as an international financial hub, MP's are set to debate a proposed law that will force...

Banks in GCC are changing – what YOU should know

Banking in the GCC is fast changing due to improvements in technology, with greater focus on mobile banking, smart branches and social media banking.Standard...

GCC VAT implementation could be delayed

Legal experts believe that there might be a possibility of a delay in the implementation of the GCC’s Value Added Tax (VAT), which is scheduled...

Why a wealth tax

Oil prices seem to be rebounding this year, up from the doom and gloom of 2016. They are expected to rally to the mid-$60s...

New auction firm a “waste of time”

A new company set up recently to manage auctions in Bahrain was a waste of government resources, according to a top elected official. Mazad...

Saudi Aramco may be worth far less than official valuation

On Monday the Wall Street Journal reported that Saudi ARAMCO may be worth far less than its official valuation. It cited people who are...

If Saudi Future’s So Bright, Why Can’t These Banks Find Buyers?

Saudi Arabia is about to cast off its oil-dependence, build brand-new industries and open its economy to foreign investment, according to the government. That...

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