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8/28/2016 -  Gulf businesses must gear up for VAT regime, MENAFN
(MENAFN) Businesses in the UAE need to gear up for the value added tax (VAT) regime and the regulatory framework for the system ought to be prepared now, said Nimish Makvana, chairman of the ...
8/28/2016 -  VAT set to be a stable revenue source in Gulf, MENAFN
(MENAFN)Value added tax (VAT) will be a stable source of revenue for governments in Gulf countries with a minimum impact on the common man's life, said an industry specialist.

The UAE along ...
8/28/2016 -  Dubai Customs seeks 6% growth in transactions inQ2, MENAFN
(MENAFN) Dubai Customs' investments in state-of-the-art technology is bearing fruit as it recorded a notable increase in the number of transactions during the first half of this year, helping its ...
8/28/2016 -  Net Global Reserves grow by 18.4pct in Morocco, MENAFN
(MENAFN) Morocco net international reserves reached to MAD245.8bn until August this year, posting 18.4 percent grow on an annual basis.

However, the reserves registered a 0.2 percent weekly ...
8/28/2016 -  Drop in Kuwait rents of apartments by KD60, MENAFN
(MENAFN) A decline in the rents of investment apartments by almost KD60 was viewed in the last two months, after the issuance of governmental decisions that affect renters.

Moreover, in areas ...
8/28/2016 -  Egypt mobile, internet subscribers grow by 0.16pct, MENAFN
(MENAFN) The number of mobile services subscribers increased by 0.16 percent amid May as compared to April, while the number of mobile subscribers grew to 95.45mn.

On the other hand, internet ...
8/28/2016 -  Egypt Natural Gas project will expand to reach 20 governorates, MENAFN
(MENAFN) Minister of Intl" Cooperation reached a deal with the World Bank in order to increase the number of governorate involved in the Natural Gas Supply Project to 20.

Accordingly, the gas ...
8/28/2016 -  Oman budget deficit posts USD9bn in H1 , MENAFN
(MENAFN) Oman recorded a budget deficit of USD9.1bn in the first half of the current year, compared with a deficit of RO1.92bn a year earlier.

Additionally, the government original 2016 budget ...
8/28/2016 -  Saudi Arabia to issue USD10b worth of bonds, MENAFN
(MENAFN) Saudi Arabia aims to issue at least USD10bn worth of bonds in Oct in its first global bond sale.

Additionally, the kingdom low debt to GDP ratio offers it with full room to enhance ...
8/28/2016 -  US to focus on Saudi trade chances toward Vision 2030, MENAFN
(MENAFN) Americans and U.S businesses will play a major role in Saudi Arabia progress toward Vision 2030 and Saudi economy.

Moreover, the Saudi ambassador discussed the many ways that the ...
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