Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

KSA concerned by UAE's 'negative' road tax plan  Join our daily free Newsletter

MENAFN - Arab News - 24/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The saudi ministry of transport is concerned about a 'negative" plan by the united arab emirates (uae) to impose a tax on all vehicles traveling into its territory.

the minister of transport jabara al-suraiseri would have talks with the uae national transport authority on june 11 about the plan said safar abu medani the saudi assistant undersecretary for road transport here recently.

abu medani said the saudi government has authorized the minister to have talks about the negative effects of the move with the uae. attempts would be made to resolve the issue through negotiations he said.

the uae authorities informed transport companies in december that it plans to tax all vehicles crossing its borders including imposing a fee on every bus passenger.

the uae wants transport companies to pay aed100 for every bus including aed5 per seat. cargo carriers would have to pay aed100 for each tanker and aed10 per ton.

'there are some issues that remain unclear and will not be clarified until the system is implemented" abu medani said.

he said the minister decided to visit the uae after studying the terms of the new tax system for three weeks.

abu medani said the ministry has not yet had a meeting with transport companies but had noted the recommendations from the recent workshop held by the federation of gulf cooperation council chambers of commerce and the uae transport authority.

'the ministry of transport is still considering the negative ramifications of the decision on saudi carriers particularly since they account for 60 to 70 percent of all carriers traveling across the border between the uae and saudi arabia" he said.

he said the saudi ministry has not offered any counter proposal yet to the uae plan and that solutions would be determined during the talks.

'the uae has not applied the tax yet. it was postponed until saudi arabia takes a decision on the matter" he said.

abu medani said a tax by saudi arabia on uae transport companies is not on the table but cannot be excluded.

he said the gulf cooperation council has not discussed the issue because none of the member countries has made an official request to do so.


 


Arab News




  MENA News Headlines
 Feb 27 2015 - UAE's Etisalat posts USD13.28b revenue in 2014MENAFN
(MENAFN) UAE's Etisalat , or Emirates Telecommunications Corporation, posted USD2.42 billion net profit on revenues of USD13.28 billion in 2014, Gulf News reported.The telecommunications company said ...

 Feb 27 2015 - Oman's economic growth projected at USD75b in 2015MENAFN
(MENAFN) Oman's real gross domestic product (GDP) growth is projected at about 3.2 percent and 3.4 percent in 2015 and 2016, respectively, by global rating agency Standard & Poor's, Times of Oman ...

 Feb 27 2015 - UAE's Meraas gets USD588.8m contracts for advanced Dubai property projectsMENAFN
(MENAFN) UAE's Meraas was awarded USD588.8 million worth of contracts to Al Futtaim Carillion to build its ambitious Le Mer and Dubai Creek Waterfront schemes, The National reported.The project is ...

 Feb 27 2015 - Lebanon-born Syrian refugees risk stateless legal limboAFP
(MENAFN - AFP) Syrian refugee Yasmine Khalaf lies next to her day-old daughter Israa in a Lebanese hospital, worrying that her tiny newborn risks life without a legal identity. Israa, sleeping ...

 Feb 26 2015 - Jordan- King departs for CairoJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)- His Majesty King Abdullah II on Thursday left for Cairo on a visit to Egypt during which he will hold talks with Egyptian President Abdul Fattah ...

 Feb 26 2015 - Jordan- 688 dead 14000 injured in traffic accidents in 2014Jordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Statistics issued by the Central Traffic Department (CTD) Thursday showed that the number of traffic accidents and deaths had declined in 2014 ...

 Feb 26 2015 - Jordan- Conference on women in Sharia concludes meetingsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb.26 (Petra) - The closing session of Women in Sharia" conference which concluded meetings Wednesday evening discussed challenges faced by workers in the defense ...

 Feb 26 2015 - Jordan condemns burning of church in Jerusalem by Jewish extremistsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Minister of State for Media Affairs Mohammad Al Momani Thursday condemned the burning of a church by Jewish extremists in occupied Jerusalem earlier ...

 Feb 26 2015 - Jordan NATO discuss ties counter- terrorism effortsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Secretary-General of the Ministry of Foreign Affairs and Expatriate Affairs Mohammad Bani Yaseen and NATO Assistant Secretary General for Emerging ...

 Feb 26 2015 - Lebanese economy to grow 2.2 percent in 2015MENAFN
(MENAFN) Lebanon anticipates its economy to grow 2.5 percent in 2015, according to finance minister, after reporting a Eurobond of USD2.2 billion, the largest issue in the country's history, ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help