GCC Regulatory Digest H1 - 2016

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The fall in oil prices has meant that the flavor of the season has been ways and means to diversify the economy and to raise governmental revenues thr.....

Summary

The fall in oil prices has meant that the flavor of the season has been ways and means to diversify the economy and to raise governmental revenues through measures such as taxation and subsidies optimization. Though the ultimate impact of volatile oil prices on individual countries depends on a host of factors, including the share of oil to GDP, there is little doubt that a new economic paradigm has opened up that places greater emphasis on eliciting government revenues through taxation and multiple other cost saving efforts (like subsidies optimization).

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GCC Regulatory Digest H1 - 2016

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