The biggest man-made forest in the GCC countries is nearing completion in Qatar, some 50km from Doha, near Umm Salal Ali.
An increase in the forecast Opec basket price to $54 a barrel in 2017 will give some respite to the GCC countries, BMI Research said, even as the Fitch Group company expects an aggregate fiscal deficit of $183bn for the region next year.
Samba Financial Group does not see "any plans to introduce personal income taxes in the GCC at this time and these would probably be contemplated only as a last resort."
Aided by strong buying – especially in the telecom and transport stocks – Qatar Stock Exchange on Tuesday extended the bullish run to the second day and its key index gained another 26 points.
The GCC budget deficits are forecast to "peak" at over $153bn this year against an estimated $119bn in 2015, after which it is likely to taper off but the "gap" is expected to persist over the medium term.
Qatar is set to remain the “fastest” growing country in the GCC region at 3.5% this year and 3.7% in 2017, the Institute of Chartered Accountants in England and Wales (ICAEW) has said in a report.
Gulf Arab oil exporters are expected to see their budget deficits peak this year owing to the plunge in energy revenues, a report said on Tuesday.
The State of Qatar expressed its concern on Monday regarding the US Senate's passing of a bill that allows victims of September 11 to sue governments of foreign countries in US courts.
Residents and visitors from other GCC countries are thronging the Doha Exhibition and Convention Centre (DECC) to spend another weekend of fun and excitement ...
Qatar welcomed 1.4mn visitors in the first six months of 2016, including 665,355 Gulf Cooperation Council (GCC) nationals, according to Qatar Tourism Authority’s tourism performance summary for the first half of 2016.
Brazil exported 458 tonnes of beef to Qatar after a ban over the mad cow disease was lifted in March this year, Brazilian embassy’s Charge d'Affaires, Minister Joao Belloc, has said.
About 60% of the stocks witnessed gains but Qatar Stock Exchange fell marginally on Tuesday. Selling pressure of local and Gulf retail investors largely led the 20-stock Qatar Index shed 2 points to 10,918.53 points.
