Thursday 24, November 2016 by Matthew Amlôt

ICAEW: GCC businesses should brace for government action to raise revenue

GCC countries must substantially raise non-oil government revenues, according to a new ICAEW report. The accountancy and finance body says that given the weak outlook for oil prices – mainly driven by the uncertainty for the world economy in 2017 with US President-elect Trump as well as the economic slowdown in China –imposing tax measures, along with subsidy reforms, spending cuts, and a freeze on public sector recruitment and pay, will help to close the fiscal gap.

Features & Analyses

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more