Tag: GCC Economy
UAE has no intentions to raise VAT; Finance Ministry
UAE Ministry of Finance (MoF) said that it increased $3.2 bilion (Dh11.6 billion) in value-added tax (VAT) revenues in the first eight months of...
Capital inflow to MENA region remains high amid pandemic; IIF
US-based association for the global financial services industry, Institute of International Finance (IIF) stated that capital inflows into the region are expected to remain...
UAE to recover faster than other GCC countries by 2021: Analysts
Analysts believe that the UAE is a much stronger economy compared to other GCC countries and will survive the current pandemic crisis with the...
Future of GCC economy promising despite COVID-19: ASI
According to Aberdeen Standard Investments (ASI), a global asset manager, the long-term outlook for MENA-based investors looks remarkably optimistic due to digital acceleration and...
ARAMCO rules the Forbes list of Top 100 in the Middle...
The Forbes Top 100 Companies in the Middle East 2020 list is out and Saudi Aramco makes its debut in the first position. The...
Oman struggling to manage its Sovereign Wealth Fund
As Oman stares at a probability of a high budget deficit for 2020, its State General Reserve Fund (SGRF) assets have fallen by about...
MUFG: GCC Countries heading towards recession
Japan's Mitsubishi UFJ Financial Group Inc (MUFG) expects Gulf Cooperation Council (GCC) countries to be in deep recession this year with overall real GDP...
Gulf countries might turn towards Asset Sales to meet growing debt...
Analysts at Citigroup Inc suggest Gulf governments might move towards asset sales to honor at least $50 billion of debt spree to support economies...
