Search Results for: GCC countries
Russia & Saudi Arabia agree to stabilize oil market
October 25th, 2016
Moscow and Riyadh have found common ground on a possible agreement with OPEC and a plan to stabilize oil prices after a meeting in the Saudi capital. Russian Energy Minister Alexander Novak met with representatives of Saudi Arabia and ...
Bahrain introduces two new types of visas to help attract more visitors and investors
May 26th, 2016
Move seeks to boost number of tourists, investors Bahrain is introducing two new types of visas and extending a third to help attract more visitors and investors to the kingdom. Under the plan recommended by the Executive Committee, chaired ...
Kingdom of Bahrain Unveils New Tourism Identity
May 5th, 2016
– ‘Ours. Yours’ launched at the Arabian Travel Market – Six representative offices will be launched in the GCC The Kingdom of Bahrain launched today its new tourism identity under the slogan of ‘Ours. Yours’ in a step to ...
IMF lowers Gulf economic growth forecast with ‘substantial measures needed’
April 25th, 2016
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export revenue this year, the IMF said today. The growth forecast ...
Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
February 29th, 2016
$52 billion of bonds, $42 billion of loans due this, next year Refinancing challenging with slow growth, rating downgrades Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region ...
Emissions-Testing Probe Prompts Raid of Renault Facilities
January 15th, 2016
Antifraud officials search several French car maker’s headquarters, engineering center France’s antifraud authority has launched an emissions investigation into Renault SA and other car makers, French Economy Minister Emmanuel Macron said Thursday, deepening scrutiny of Europe’s car industry after Volkswagen AG was caught cheating on ...
Cyprus is ‘next property investment hotspot’, says agency
January 7th, 2016
Cyprus is set to join London, New York and Paris as a top international property hotspot, says a leading agency. Chestertons International says there has been growing interest from investors for luxurious Cyprus properties, with sales rising 23% in October ...
World Tax 2016 has awarded the Deloitte network
December 30th, 2015
World Tax 2016 has awarded the Deloitte network its best rankings to date, giving a ‘top tier one’ rating to Deloitte member firms in 48 countries including the Deloitte firm in the Gulf Cooperation Council countries. The Deloitte tax practice in ...
UAE leads Middle East’s internet economy
December 28th, 2015
Country stands at the forefront of the ‘internet of Things’ revolution, BCG says The UAE leads the Middle East when it comes to the maturity of the internet economy, according to The Boston Consulting Group (BCG)’s 2015 e-Intensity Index ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
