Economic growth remains robust across the Gulf Cooperation Council (GCC) states with Qatar’s economy being predicted to grow by 6 per cent, EY’s latest Rapid-Growth Markets (RGM) Forecast said.
The report said Saudi Ar
Tax authorities across the Mena region are implementing investment and taxpayer-friendly tax measures to promote a competitive, business-friendly environment to encourage tax compliance, according to specialists.
Important tax developments and emerging tax issues related the Mena region will be discussed at a key conference in Dubai next month.
Ernst & Young (EY) will host its Mena Tax Conference 2014 in Dubai on March 19.
Dubai added approximately 2,950 new branded hotel rooms during last year, including several major 5-star hotel openings, a report said.
Dubai’s hospitality market has absorbed this influx of new supply well and the city&rsqu
The pent up global demand for Islamic pension funds is currently between $160 billion and $190 billion, a report said, adding that most of these funds are parked under conventional sovereign pension funds due to lack of investing options.
Natural gas is likely to grow in importance over the next few years, with the Middle East, China, Africa and India in particular set to record significant increases in demand.
Demand for natural gas is expected to increase steadil