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Abu Dhabi levies airport, hotel taxes to boost revenues ECONOMY

Abu Dhabi levies airport, hotel taxes to boost revenues

Abu Dhabi is introducing taxes on airline passengers and hotel guests as it seeks to compensate for a hit to government revenues from low oil prices.

4:45 AM November 25 2016
Airlines forecast to make bigger 2016 profit than expected ECONOMY

Airlines forecast to make bigger 2016 profit than expected

Global airlines should make more money than previously expected this year, the International Air Transport Association said, helped by low oil prices and work by airlines to fill planes and drive ancillary revenues.

4:45 AM November 25 2016
Qatar fuel price increase 'positive' on fiscal consolidation needs, says BMI ECONOMY

Qatar fuel price increase 'positive' on fiscal consolidation needs, says BMI

The Qatari government's increase of petrol prices is a “positive” move, given the need for fiscal consolidation as revenues have “fallen sharply” alongside hydrocarbon prices ...

4:45 AM November 25 2016
Oman cuts 2016 spending, faces $8.6bn deficit ASIA

Oman cuts 2016 spending, faces $8.6bn deficit

Oman will cut spending this year by 15.6% in the face of lower oil prices but still faces a huge deficit after posting one in 2015.

4:45 AM November 25 2016