Gulf Times - revenues
UDC registers net profit of QR343mn over QR1.3bn revenues

UDC registers net profit of QR343mn over QR1.3bn revenues

United Development Company (UDC), the master developer of The Pearl-Qatar and Gewan Islands, has reported net profit of QR343mn over revenues of QR1.3bn in the first nine months of this year.

DECC celebrates Global Exhibitions Day

DECC celebrates Global Exhibitions Day

GED involves various campaigns worldwide which highlight the value of the exhibition and event industry on a global level.

Kuwait projects $17bn deficit in 2018/2019 budget

Kuwait projects $17bn deficit in 2018/2019 budget

Kuwait on Monday announced a state budget for the year ending on March 31, 2019, that projects spending at 20bn dinars ($66.7bn) and revenues at 15bn dinars.

India's annual growth slows to 7.1% after note ban

India's annual growth slows to 7.1% after note ban

India's growth slowed to 7.1% last year, according to official data released on Wednesday, weaker than analysts expected but still the fastest rate of growth of any major economy.

Gulf states aim for VAT adoption in 2018: UAE official

Gulf states aim for VAT adoption in 2018: UAE official

Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5% value-added tax at the start of next year, despite administrative and technical obstacles, a senior United Arab Emirates finance official said.

Oman 2017 state budget projects smaller deficit

Oman 2017 state budget projects smaller deficit

A 2017 state budget plan released by Oman's government on Sunday projected a smaller deficit but maintained tight curbs on spending because of low oil prices, which are hurting state revenues.

Abu Dhabi levies airport, hotel taxes to boost revenues

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.

Airlines forecast to make bigger 2016 profit than expected

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.

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

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 ...

Oman cuts 2016 spending, faces $8.6bn deficit

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.