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RIYADH: Saudi Arabia and Singapore have identified education and health as potential areas of cooperation. “Top Saudi officials will be traveling to Singapore, an island city-state in Southeast Asia, in the near future to explore possibilities to work closely in these sectors,” said Singapore Ambassador Lawrence...

Introduction Tough days are still on for all six countries of Gulf Cooperation Council (GCC). Various reports and survey including report of World Bank provides for slashing growth rate and tightening of monetary and fiscal policies and increased fiscal deficits. World Bank agrees that the prime...

High-income households and corporations now face lower effective rates in some advanced economies, and this has contributed to an increase in net income inequality, according to a new International Monetary Fund report, entitled Causes and Consequences of Income Inequality: A Global Perspective. The report says that when...

The International Monetary Fund (IMF) has urged Qatar to broaden its corporate income tax (CIT) base in order to decrease its reliance on oil revenues. "The recent large drop in oil and natural gas prices will lead to a substantial deterioration of the fiscal and external...

Economic growth in Canada and Switzerland beat expectations, but currency issues are causing analysts to urge caution for the future. In the fourth quarter of 2014, Canada saw GDP rise by 2.4% annualized, according to a statement by Statistics Canada issued on Tuesday. The growth was...

Spain's 2015 Budget, presented by Budget Minister Cristobal Montoro on September 30, 2014, contains a number of measures aimed at stimulating economic growth, including cuts to the corporate and personal income tax rates. Montoro said that personal income taxes will be reduced by an average of...

Aided by a 7.5% expansion during October- December, Asia's third-largest economy will this fiscal see the fastest pace of growth since 2010-11 Indian economy will grow by 7.4% this fiscal, outpacing China to become the world's fastest growing economy, after a revision in the method of...