Masoud Ahmad | Al Bawaba

Masoud Ahmad latest

Although the introduction of a GCC-wide value added tax (VAT), and other fees, charges, and excises have been announced, most GCC countries have not yet increased non-oil revenues in a meaningful way. (AFP/File)

June 9th, 2016 - 11:00 GMT

Fiscal efforts to bridge GCC budget deficits still falling short: IMF

While commending GCC efforts on fiscal consolidation, the IMF warns that not enough has been done so far to address the magnitude of revenue shortfall from oil prices.

November 17th, 2015 - 11:00 GMT

MENA looks to private sector to address expected surge in youth unemployment

Lower oil demand and increased spending could push the GCC into a fiscal deficit. (Image credit: Shutterstock)

November 13th, 2013 - 05:25 GMT

Is the GCC spending its way into a fiscal deficit?

May 3rd, 2012 - 07:45 GMT

Masoud Ahmad latest

Fiscal efforts to bridge GCC budget deficits still falling short: IMF

MENA looks to private sector to address expected surge in youth unemployment

Is the GCC spending its way into a fiscal deficit?

IMF forecasts sunny outlook for GCC economies