GCC Task Force first meeting focuses on FDI MANAMA, 0 hours, 40 minutes ago The Mena Centre for Investment in Bahrain in cooperation with GCC-Stat, Oman and the UN Conference on Trade and Development (UNCTAD) recently held a special task force meeting on foreign direct investment statistics in Bahrain. The meeting was attended by representatives of central banks, statistical and financial entities of five GCC Countries and also the GCC Secretariat. Read more [...]

The head of a human rights organization has urged the freedom of Bahrain's prominent Shia cleric and opposition leader Sheikh Ali Salman, describing the cleric’s detention as “absurd.”Niccolò Talamanca, the secretary general of the human rights organization of No Peace Without Justice, in a video message, called for the release of Sheikh Ali Salman, describing the senior Shia cleric as a “well-known public Read more [...]

Tax remittances inevitableBudget deficit of Saudi Arabia is predicted to constitute 20 per cent of its 2015 Gross Domestic Product (GDP) (‘Taxing remittances to affect financial system’, Gulf News, June 5). Bahrain plans to do away with all subsidy systems in a phased manner, Oman and Abu Dhabi curtailed capital expenditures. The slow down is everywhere in the GCC. Even though the countries have diverse business activities, it was actually the oil prices that kept the momentum of growth at an Read more [...]