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Qatar's Emir Sheikh Tamim bin Hamad Al-Thani looks on during the Gulf summit in Doha on December 9, 2014. (Marwan Naamani/ AFP)

June 5th, 2017 - 01:00 GMT

Moody’s Could Downgrade Qatar’s Credit Outlook as Gulf Rift Deepens

Moody’s is concerned about the impact of the dispute between Qatar and the Gulf states on the country’s credit outlook.

Saudi Arabia is expected to increase its domestic gasoline prices by 30 per cent from July, but still has the cheapest gasoline prices in the world. (File photo)

March 1st, 2017 - 06:00 GMT

Saudi Arabia takes aim at budget deficit with fuel price hike, fiscal reform

The GCC's savings from increased fuel prices will likely be small - an average of 0.5 per cent of GDP across GCC countries in 2016. (File photo)

February 18th, 2016 - 12:00 GMT

GCC needs more than fuel subsidy reforms: Moody's

Al Bawaba

December 30th, 2015 - 01:00 GMT

GCC fuel subsidies: will they go down like dominoes?

Al Bawaba

October 20th, 2015 - 12:35 GMT

Tax reform or burning buffers? GCC approaches to the oil price slump

The economy grew at just 1.2 percent in 2011, down from 5.1 percent in 2010, according to IMF data

December 26th, 2011 - 10:28 GMT

Fears of revolution of hungry in uncertain times in Egypt