TNS Bahrain residents must prepare for a spike in inflation as value-added tax (VAT) gets rolled out, experts have said. GCC states are expected to adopt VAT of up to five per cent from 2018 applying to most goods and services with basic food items, healthcare and education being exempted. The exact date of implementation is not yet known …

  TNS As much as BD165,000 can be saved a year as part of a new water and energy consumption campaign. It will initially focus on five-star hotels and aim to reduce consumption by three per cent in the next year. The campaign was launched by the Electricity and Water Authority (EWA) in partnership with Bahrain Tourism and Exhibition Authority …

  Reuters OPEC member Algeria says it will launch a new “economic growth model” for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports. The plan is part of long-awaited moves to diversify the North African economy away from oil and gas, which account for 95 percent of …