Monday, December 7, 2015

UAE official says GCC countries in key agreements over value-added tax

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Finance and Economy
UAE official says GCC countries in key agreements over value-added tax
Healthcare, education and social services to be excluded from the tax...
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Saudi Arabia expects SAR30 billion investments in fish stocks
Production is set to hit 100,000 to 150,000 tonnes in the coming years...
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Falling crude oil prices drag Middle East stock markets
OPEC members decide to keep production levels of nearly 31.5 million barrels per day...
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Energy
Kuwait's oil revenues forecast at KWD14.6 billion
Oil prices broke the $45 per barrel level for the third consecutive month...
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UAE Energy Minister: Demand for oil to grow by 1.3 million barrels next year
The increase in production by non-OPEC members plummeted by 88 per cent in 2015...
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Bahrain GDP loses roughly BHD1 billion of oil and gas revenues
The Gulf country produces 200,000 barrels of crude oil per day...
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Real Estate
Dubai properties set to see more growth in medium to long term
Sector attracted investors from 142 countries, contributed nearly 20,000 deals in H1 2015...
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Lebanon's property sector continues to slow, prices for apartments plunge
The cumulative value of real estate sales deals also fell by 12.76 per cent per year...
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     News
Infiniti, Red Bull Racing end F1 partnership
Partners since 2011 to terminate their agreement one year earlier than stipulated...
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RAK Ceramics sells logistics business

Company to sell RAK Logistics for a total amount of AED16 million...
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462,700 Arab nationals check in at Abu Dhabi's hotels in 9 months
The largest numbers came from Saudi Arabia, Oman, Kuwait and Qatar, respectively...
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Saudi Arabia welcomes 14 million summer tourist trips

Umrah trips accounted for 26.5 per cent and leisure trips comprised 18.9 per cent...
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