Mixed Blessings Face Gulf Economy with Oil-Dollar Tradeoffs

• Wednesday, 30th September 2015
• by Egypt Oil & Gas

The strength of the US dollar against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, said Gulf News. Most Gulf currencies are pegged to the dollar, encouraging expa...

UAE Mulls Remittances Tax in Diversification Drive

• Wednesday, 3rd June 2015
• by Egypt Oil & Gas

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...