Blogs

Developing countries face ‘new reality’ of lower growth, says IMF. VAT to be introduced in UAE in 2018 @ 3-5%: Official. Commodities are the most prone to squeezes in both directions....

Global growth will be disappointing in 2016: IMF chief.   Most Gulf economies to see slowdown in 2016, says Fitch.   GCC likely to see projects scaled back, delayed as cheap oil bites.   GCC 'real' pay rises to dip be...

[vc_row][vc_column][vc_column_text]No plan for taxes on incomes or remittances in UAE, minister says. VAT in the Gulf: Agreements reached recently by members of the GCC on certain design aspects of value added tax...

Modest wage outlook for GCC workers in 2016: Workers in the GCC countries can expect a real wage increase of 2.3 per cent in 2016, the lowest of these being the UAE where salaries are expected to increase by 0.9 per cent, taking infl...

Dubai unveils plan to grow to four times its size. Dubai Ruler wants solar panels on every roof by 2030. Dubai property market likely to bottom out by end-2016. Dubai’s office market is showing signs of stabilizing, with average rents rema...

A dramatic slowdown in US shale production will help  to re-balance the oil market next year and drive demand for Opec crude, accordi...

‘Forbes’ has compiled its first list of the ‘50 Richest families’ in Asia. To qualify, a family’s wealth and participation in building that fortune has to extend at least three generations. Indians hold 14 of the 50 spots, easily the most...

Asking for a solution to the problems of the state banks that dominate India’s financial system is akin to a lost tourist asking the way in the proverbial joke. The answer is: “I wouldn’t start from here.” The...

Saudi Arabia has emerged as Middle East’s largest construction market with the value of projects planned and under way estimated to be more than SR3.75 trillion ($1 trillion), according to latest figures....

Though property prices in Dubai have fallen by 11 per cent year-on-year till August 2015, rents have declined by mere one per cent. The expected rental decline this year hasn’t been as steep as previously perceived...