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British PM Heads to Bahrain to Cement Gulf Ties Before Brexit

LONDON, Dec 5 – Prime Minister Theresa May will travel to Bahrain this week for a meeting of the Gulf Cooperation Council that she hopes will cement stronger ties with Middle Eastern countries as Britain leaves the European Union. May, who was appointed prime minister shortly after Britain voted to leave the EU at a

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The Borrowing Spree

Arab Gulf oil exporters to issue more debt in 2017 By Martin Dokoupil  Arab Gulf oil exporters are likely to continue borrowing heavily from international markets over the coming years as fiscal gaps in most countries are expected to remain large with a marked recovery in oil prices not on the cards for the foreseeable future. But

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A Time for Change

Kuwait’s opposition and newcomers win 24 of 50 parliamentary seats By Abdullah Alelyan Kuwait’s November 26 parliamentary elections were by far the most controversial public voting in the country over the past decade, as many Kuwaitis refused to reelect most outgoing members of the Parliament (MPs) who are considered “government deputies.” Allegations of political money being

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Economic Reforms Weigh on Kuwait’s Parliamentary Election

By Ahmed Hagagy KUWAIT, Nov 24 – Kuwaitis vote on Saturday for a new parliament the government hopes will help push through reforms to a lavish welfare state to curb a budget deficit caused by weak oil prices. Nearly 300 candidates are vying for 50 seats in an assembly that has legislative powers but which

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The Dubai Effect

The emirate leads regional hospitality and tourism sectors with new attractions and innovative products By Yahia Idris With the latest opening of the Dubai Water Canal and the developments surrounding it, the emirate has once again proved to the world that a leadership with a vision will continue to set top-tier achievements and create breathtaking

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As Cracks Emerge in Global Oil Pact, Saudis May Need to Compromise

As cracks emerge in global oil pact, Saudis may need to compromise By Rania El Gamal/Reuters Tough negotiations await a group of OPEC experts as they meet their counterparts from other oil producers such as Russia, on October 28-29 to hammer out details of an output-capping agreement, with disagreements threatening to scupper the deal. OPEC

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GCC: Rethinking Alliances

The shifting sands of the GCC’s geostrategic environment By Adel Abdel Ghafar Two decades of an almost uninterrupted rise in hydrocarbon prices allowed the states of the Gulf Cooperation Council (GCC) to invest in infrastructure, education and health, as well as provide generous subsidies for their people. Fueled by high energy prices, ambitious rulers not

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Business Outlook: GCC to Introduce VAT

VAT 101: The value added tax simplified BY Rakesh Pardasani News that the UAE and its Arab gulf counterparts will introduce a value added tax (VAT) by the year 2018 has generated heightened discussions on the topic. While some were skeptic that the move will ever see light, many companies across the Arab Gulf region

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The Plight of Kuwaiti Women

Will the upcoming parliament see more female MPs? By Abdullah Alelyan On October 17, Kuwait’s Ruler Sheikh Sabah Al Ahmed Al Sabah recently disbanded the country’s National Assembly, also known as Kuwait’s Parliament, following a letter by the government citing the legislatives body’s lack of cooperation. Al Sabah also called for early parliamentary elections to be

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