Stocks regain more ground - YouTube: ""
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Saturday 17 October 2015
Oman needs to walk the talk on projects | GulfNews.com
Oman needs to walk the talk on projects | GulfNews.com:
"Oman’s economic prospects seem on the right track on the back of its planned developments. Yet, what counts far more is actual implementation rather than just mere intention when it comes to infrastructure schemes.
Among the many plans, there is Oman Rail with an estimated first phase development cost of $1 billion. The project should help Oman affirm its position as an ideal place to do business and for tourism. The sultanate with its exceptionally rough terrain needs a rail network to make distances closer.
Another notable scheme relates to extracting about 1 billion cubic feet per day of tight gas from the Khazzan field in the middle of Oman. It represents a 30-year gas production and sales sharing agreement with BP. Clearly, BP provides the necessary expertise and know-how in the field."
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"Oman’s economic prospects seem on the right track on the back of its planned developments. Yet, what counts far more is actual implementation rather than just mere intention when it comes to infrastructure schemes.
Among the many plans, there is Oman Rail with an estimated first phase development cost of $1 billion. The project should help Oman affirm its position as an ideal place to do business and for tourism. The sultanate with its exceptionally rough terrain needs a rail network to make distances closer.
Another notable scheme relates to extracting about 1 billion cubic feet per day of tight gas from the Khazzan field in the middle of Oman. It represents a 30-year gas production and sales sharing agreement with BP. Clearly, BP provides the necessary expertise and know-how in the field."
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A unified tax regime may not be best solution for GCC | GulfNews.com
A unified tax regime may not be best solution for GCC | GulfNews.com:
"This report is a follow up on the VAT introduction in the UAE. I am not quite sure when this will take place, but a lot of speculation is going on about how this could be agreed upon and then implemented by all member-states of the Gulf Cooperation Council (GCC).
The fact is that it doesn’t have to be done this way. The report will discuss this topic in specific and in comparison with the case of the European Union, which has no unified tax system.
Let me first get one thing clarified. Though the report will be talking about VAT in specific, the argument stands for all taxes regardless of their nature. And before getting into the whole comparison process, one must highlight that a clear distinction needs to be drawn between fiscal and monetary policies to when it comes to any sort of economic union or bloc."
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"This report is a follow up on the VAT introduction in the UAE. I am not quite sure when this will take place, but a lot of speculation is going on about how this could be agreed upon and then implemented by all member-states of the Gulf Cooperation Council (GCC).
The fact is that it doesn’t have to be done this way. The report will discuss this topic in specific and in comparison with the case of the European Union, which has no unified tax system.
Let me first get one thing clarified. Though the report will be talking about VAT in specific, the argument stands for all taxes regardless of their nature. And before getting into the whole comparison process, one must highlight that a clear distinction needs to be drawn between fiscal and monetary policies to when it comes to any sort of economic union or bloc."
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Japan Island Paradise Helps Saudi Arabia in Asia Oil Push - Bloomberg Business
Japan Island Paradise Helps Saudi Arabia in Asia Oil Push - Bloomberg Business:
"
Saudi Arabia is boosting its use of leased oil-storage tanks on a small island in a region of Japan better known for its white sandy beaches and holiday resorts.
The world’s largest crude exporter is seeking to reduce freight costs and increase shipping flexibility as it competes with Middle East suppliers for market share in Asia. The Okinawa port where state-run Saudi Arabian Oil Co., known as Saudi Aramco, leases storage has received about 6.13 million barrels from the country this year, near the highest level since the Middle East supplier started leasing the tanks in 2010, according to data from Japan’s Finance Ministry.
Saudi Arabia is expanding investments in refining and petrochemicals and bolstering ties with Asia customers as part of its strategy to lock in demand for its oil amid a global glut. Aramco may spend as much as $80 billion on overseas acquisitions and investments the next five years, people with knowledge of the matter said in May."
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"
The world’s largest crude exporter is seeking to reduce freight costs and increase shipping flexibility as it competes with Middle East suppliers for market share in Asia. The Okinawa port where state-run Saudi Arabian Oil Co., known as Saudi Aramco, leases storage has received about 6.13 million barrels from the country this year, near the highest level since the Middle East supplier started leasing the tanks in 2010, according to data from Japan’s Finance Ministry.
Saudi Arabia is expanding investments in refining and petrochemicals and bolstering ties with Asia customers as part of its strategy to lock in demand for its oil amid a global glut. Aramco may spend as much as $80 billion on overseas acquisitions and investments the next five years, people with knowledge of the matter said in May."
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