Monday , September 24 2018

Tag Archives: Gulf states

Gulf states say goodbye to tax-free ‘reputation’ – UAE doubles price of tobacco and ups soft drinks prices

DUBAI, Oct 1, (AFP): Hard hit by a drop in oil income, energy-rich Gulf states will next year introduce value-added tax to a region long known for being tax-free. Some have hailed introducing VAT as the start of “exciting, dramatic” change in the region, but the measure is also expected …

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Moody’s cuts outlooks for four Gulf states – Bahrain to ‘junk’

DUBAI, March 5, (Agencies): Moody’s Investors Service has cut its outlook for the debt ratings of Saudi Arabia and three other Gulf states while lowering Bahrain’s rating to junk, citing concern over the impact of low oil prices on their finances. Saudi Arabia’s Aa3 rating was placed on review for …

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Gulf states hike rate after Fed decision – Moves come despite decline in oil prices

KUWAIT CITY, Dec 17, (Agencies): Energy-rich Gulf states Saudi Arabia, Kuwait and Bahrain raised their interest rates Wednesday after a landmark decision by the US Federal Reserve to hike its rates. The move by the Gulf countries came despite the sharp decline in oil prices and forecasts of a sluggish …

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