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.
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.
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.
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.
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.
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 ...