Saudi Arabia, UAE introduce VAT for first time

Saudi Arabia and United Arab Emirates (UAE) became first countries of Gulf Cooperation Council (GCC) to introduce Value Added Tax (VAT) for the first time to increase their revenue away from oil reserves. The other members of 6 member GCC– ..

Month: Current Affairs - January, 2018

UAE and Saudi Arabia form new group, separate from GCC

The United Arab Emirates (UAE) and Saudi Arabia have formed new economic and partnership group named Joint Cooperation Committee, separate from Gulf Cooperation Council (GCC). This move that could undermine six-member GCC amid Saudi led Arab countries diplomatic crisis with ..

Month: Current Affairs - December, 2017

Road shows in Gulf nations to attract investors

The Government has taken up a series of initiatives to attract investors to India. With the recent launch Qualified Foreign Investors route & the changes made in external commercial Borrowing Guidelines, Govt is keen to exhibit plethora of investment opportunities ..

Month: Current Affairs - June, 2012