Our Correspondent EMIRATES BUSINESS Bloom Holding, a subsidiary of Abu Dhabi-based National Holding Company, strives to build communities that integrate aesthetics, quality living and value-added offerings in education, hospitality, healthcare, leisure and retail. Bloom Holding’s diversified portfolio includes residential and commercial properties, retail and leisure centers as well as mixed-use communities in Abu Dhabi, Al Ain and Dubai. Complementing …

  DUBAI / Reuters Qatar’s government expects to run a budget deficit for at least three years as low natural gas and oil prices weigh on its revenues, the Ministry of Development Planning and Statistics said. In a long-term report on the Qatari economy, the ministry forecast a fiscal deficit of 7.8 percent of gross domestic product (GDP) this year, …

  Emirates Business The GCC Ministers of Finance, in a vital meeting in Jeddah recently, approved in principle the Value Added Tax (VAT) and Excise Tax treaties. Some administrative matters still need to be resolved, notably with regards to the tax collection mechanism related to intra-GCC trade. The GCC Committee has been tasked to provide its recommendation by the end …