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Gulf taxation plans will not plug fiscal deficits

Location:

GULF STATES

Taxation in the Gulf.

United Arab Emirates growth may depend on transparency

Location:

UNITED ARAB EMIRATES

The United Arab Emirates (UAE) economy is increasingly diversified, not least with the imposition of VAT since January 1 -- albeit at a low initial level of 5%. Fiscal…

Bahrain’s new premier faces difficult fiscal choices

Location:

BAHRAIN

Manama is seeking multiple means to adjust to the impact of the pandemic, publishing a two-year budget in November that targets a steady decline in the fiscal deficit. Although…

Gulf set for large-scale drawdown of foreign assets

Location:

GULF STATES

Gulf debt and sovereign wealth funds.

VAT will do little to solve Gulf revenue crisis

Location:

GULF STATES

GULF STATES: VAT will do little to solve fiscal crisis

Gulf states set for major spending cutbacks in 2016

Location:

GULF STATES

This comes as Gulf Cooperation Council (GCC) states begin serious reforms to adapt to a new period of low oil prices. The United Arab Emirates (UAE) led the way in August 2015 by…

High oil prices improve Bahrain’s economic outlook

Location:

BAHRAIN

Bahrain’s economic prospects have improved dramatically following the surge in world commodity prices in recent months. Strong oil and aluminium revenues have boosted the fiscal…

Gulf oil dependency poses long-term stability risk

Location:

GULF STATES

Diversification outlook in the GCC.

Bahrain will press ahead with deeper economic reforms

Location:

BAHRAIN

The trial comes amid an escalating crackdown against domestic opposition forces. The crackdown has been presented as a response to Iranian-backed subversion, but the government…

Bahrain’s zero-deficit fiscal target is on track

Location:

BAHRAIN

BAHRAIN: Zero-deficit fiscal target is on track