The UAE will implement a revised excise tax structure for sugar-sweetened drinks from January 1, 2026. Under the “tiered-volumetric model”, the amount of tax imposed
2025/12/30
Bahrain has approved fiscal measures intended to boost non-oil revenue and arrest a sharp rise in government debt. The 11-point package includes higher electricity
Turkey intends to raise its government bond portfolio in 2026 to 450 billion lira ($10.5 billion) from the current 262.3 billion lira, the central bank said. The
AHS Properties, owned by Abbas Sajwani, the son of Damac founder Hussain Sajwani, has reportedly acquired a long-vacant commercial high-rise on Sheikh Zayed Road
UAE-based Axis International has reportedly filed a $29 billion claim against Guinea for revoking its bauxite mining rights. The arbitration claim has been filed
The Saudi government’s stake in construction conglomerate Binladin Group will reportedly more than double after shareholders approved a debt conversion deal. Following
Unemployment among Saudi nationals rose to 7.5 percent on a quarterly basis during the third quarter of 2025, despite a majority of locals being open to joining
Sharjah will spend AED45 billion ($12 billion) next year to support economic growth and fund strategic initiatives and projects. The 2026 budget expenditure was
Abu Dhabi National Energy Co (Taqa) has secured funding for the AED3.6 billion ($980.3 million) Al Dhafra power plant from 14 local and international banks. The
Discussions between the Gulf Cooperation Council (GCC) and India are reportedly ongoing to finalise the terms of reference for a free trade agreement. “Talks to
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