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Blog

Blog

Improving Oil Prices and the GCC budget

A gradual recovery in oil prices from a monthly average of US$30 per barrel earlier in 2016 to around US$54 a barrel by end of 2016 remained far below the price peaks enjoyed by oil producing countries until 2014. Even after ...

Blog

VAT and its effect on the GCC economies

Implementation of Value Added Tax (VAT) in the oil-rich GCC countries marks a cornerstone in the region’s unified agenda of diversifying government revenues. Mounting fiscal pressures which were triggered by falling ...