Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...
Tag : economy
South Africa to restructure GDP data September onwards
The start year for calculating GDP will be updated to 2015 from the existing year of 2010...
Egypt’s external debt increases 17.47% to $109.363 bn last September
The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion...
Singapore sees export rebound with 2.4% increase last December
Pharmaceuticals, specialised machinery and non-monetary gold shipments have fuelled export growth in Singapore...
Department of Finance Ajman: Building an open, competitive economy
The award-winning department is at the forefront of deploying intelligent financial systems in the UAE...
UAE leads the Gulf in digital economy with 18% of Middle East
Size of digital economy in the Middle East touched $30 bn in 2018...
Qatar’s budget for 2020 largest in five years
The country plans to spend 1.9% more in 2020 than it did last year...
After phase-one deal, China suspends tariffs on US goods
The tariffs levied were on corn and US-made cars and auto parts...
Amid trade war, Trump approves phase-one US-China trade deal
The US president also decided to wave off US tariffs on $160 bn of Chinese consumer goods...
UAE to see higher growth due to greater spending
The UAE’s economy is projected to grow by 2.3% in 2019, according to its central bank...