Time for clarity on GCC’s tax regime | GulfNews.com:
"In October, equities in the MENA region did not partake in the uptick in global equities, with the S&P Pan Arab Composite Large Mid-Cap Index (Saudi Arabia capped at 30 per cent) declining by over 2 per cent in October.
A revival in oil prices early in the month soon petered out, so that by the end of the month Brent oil prices were below $50 (Dh183.64) per barrel again.
Questions about how Gulf Cooperation Council states intended to adjust their budgets to confront the challenge of low prices continued."
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