oil revenues | Egypt Oil & Gas - Part 2
UAE Mulls Remittances Tax in Diversification Drive
A member of the Federal National Council yesterday (Tuesday) proposed that the UAE impose a tax on the billions of dirhams which foreign workers send back to their home countries every year. “The Federal National Coun...
ISIS Oil Revenues Under Attack From the Air
A raid by US Special Forces in eastern Syria has recovered data that can be used to break up Daesh’s financial network, a Dubai-based geopolitical analyst said. A key leader involved in oil smuggling activity Abu Sayy...
GCC Seriously Contemplates VAT in Wake of Oil Price Crunch
Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support fo...
Iran: Rouhani Declares Oil Dependence Reaching New Lows
Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21). Addressing military top brass in the Iranian cap...
Oil Revenues to be Diverted from West to East Libya
Libya’s internationally recognized government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country’s rival administration i...
Chatham House: Oil Prices Threaten GCC ‘Political-Economic Bargain’
Cuts in public spending, the widespread introduction of taxation and rising levels of unemployment are set to hit Bahrain over the coming decade, said a report citing the UK-based international think tank Chatham Hous...
