Dubai / Reuters All six countries in the Gulf Cooperation Council remain committed to introducing value-added tax, though they will do so at different speeds, a senior International Monetary Fund official said. “My feeling, through my interaction with the authorities, is that they are still committed and they are still preparing implementation,” Jihad Azour, head of the IMF’s Middle East ...

Dubai / Reuters Middle East fund managers have become more cautious about investing in regional bonds while ambitious economic development plans in Saudi Arabia have increased interest in equities there, a monthly Reuters poll shows. Twenty-three percent of regional funds expect to reduce their allocations to fixed income in the next three months while 8 percent expect to increase them, ...

Reuters Oil will likely rally into 2018 with periods of volatility as an anticipated extension of OPEC-led output restrictions offsets higher US production, a Reuters poll showed on Tuesday. Analysts raised their crude price projections, the survey showed, as expectations of an output cut extension were buoyed by comments from officials in Saudi Arabia, the de facto leader of the ...