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 ...

  Manama / Tribune News Service Setting up a new venture to collect millions of dinars to restart work on four developments in Bahrain that were never completed has been proposed by industry experts. They also called for the auctioning of two of the stalled projects as part of measures to resolve the crisis in the next six years. Thousands ...