December 11, 2014
Middle Eastern nationalities, along with the Chinese, are the top takers for St. Kitts and Nevis’ citizenship by investment program, an industry source told Gulf Business.
December 10, 2014
Kuwait and Saudi Arabia are the only Gulf countries where the sale and consumption of alcohol is totally banned.
Bahrain and Oman will be more adversely affected by the lower oil prices because they have the highest fiscal break-even prices and the lowest reserve buffers in the GCC.
Buyers beware: the choices are fewer than they seem.
Oil prices dropped nearly 10 percent following the decision by OPEC not to cut production from current levels of about 30 million barrels per day.
December 9, 2014
The introduction of new taxes — most likely indirect — will be a last resort for GCC governments, which are coming under mounting pressures consequent to plunging oil prices,
Opec, by not cutting production in an over supplied market, is trying to limit the growth of oil which is produced at a higher marginal cost.
There were over 2,758 job opportunities offered, and only 811 vacancies were filled.
While 9,450 new business deliveries valued at $280 billion are forecast between 2014 and 2024 around the world.
The 2015 outlook for GCC banks is stable, but it is negative for those in the rest of the MENA region, says Moody’s Investors Service.
December 8, 2014
Parliament Speaker Nabih Berri told Al-Akhbar that he received information a few days ago confirming that Israel has started stealing Lebanese gas.
There is no threat to Lebanon’s banking secrecy, despite the mounting pressure from the international community to disclose the accounts of Lebanese with dual passports.
So why are many more expats who have British pensions still in the UK looking to take their retirement funds offshore?
Resignation rates in Egypt reached their highest levels in 2011/
December 7, 2014
To begin with, the Arab Spring has changed the geopolitics of oil.