Home / Tag Archives: economic reforms

Tag Archives: economic reforms

Bahrain parliament approves VAT agreement

Bahrain is set to become the third Gulf Cooperation Council (GCC) to implement the unified agreement on Value Added Tax (VAT) on goods and services. On Sunday, the kingdom’s bicameral parliament, holding an extraordinary session upon a royal order issued last week, approved VAT at the rate of five per …

Read More »

Saudi Arabia denies cancelling Aramco IPO

audi Arabia on Thursday rejected reports that Aramco’s planned initial public offering had been scrapped. “The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum,” Energy Minister Khalid Al Falih said in a statement. The plan to float around …

Read More »

Fuel prices in UAE for August 2018

The Ministry of Energy and Industry announced fuel prices for August and the price includes VAT. The per-litre prices are Super 98 at Dh2.57 (from Dh2.56 in July and Dh2.63 in June) and Special 95 at Dh2.46 (from Dh2.45 in July and Dh2.51 in June). Diesel price has been fixed at Dh2.63 per litre (from …

Read More »

Mohammad announces new economic stimulus plans

Dubai on Saturday announced new economic initiatives, including setting up a consultative council that will include international companies, to boost the emirates’s economy. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, tweeted that the stimulus plans also include proposals …

Read More »

Saudi Women and the Economy

by Mohammad Zayed* — In a historic step towards economic and social reforms following the falling of oil prices by more than 50%, Saudi Arabia’s King Salman bin Abdulaziz has recently declared the lifting of the long-standing ban on women driving in the kingdom (the only country in the world that …

Read More »