Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia compounded the New Year blow for motorists with an unannounced hike of up to 127 percent in petrol prices with ...
The United Arab Emirates said Wednesday it was forming a new military and economic committee with Saudi Arabia separate from the Gulf Cooperation Council. The move comes with Kuwait hosting a two-day summit of the GCC, which is riven by divisions after Saudi Arabia and its allies cut ties with ...
