‘Taxing GCC money transfers could create black market’
Saudi Riyal banknotes
Jeddah - Muslimchronicle
Imposing fees on money transfers among Gulf Cooperation Council (GCC) member states could create a black market for money transfers, Nader Mohammad, a World Bank official for the Middle East and North Africa, said Thursday.
“From our experience in many countries, imposing such a tax will cause a parallel market that operates outside the banking framework to emerge, which entails huge problems,” Mohammad was quoted as saying by Al-Eqtisadiah newspaper.
“The economic growth rate in the GCC is 1.6 percent, but we expect it to reach 2.6 percent in 2018 and 2019,” he said, attributing this to the growth of non-oil sectors in member states.
Source: Arab News
GMT 08:35 2017 Tuesday ,21 November
S&P affirms Saudi Arabia credit ratingsGMT 10:06 2017 Sunday ,19 November
Spending discipline to narrow Saudi deficitGMT 11:03 2017 Friday ,17 November
Experts: 700 new companies needed to cover Umrah marketGMT 06:16 2017 Friday ,17 November
OIC Water Council holds meetingGMT 09:00 2017 Wednesday ,08 November
Gulf stocks slide on Saudi-Iran duel
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 08:32 2011 Monday ,25 July
Sabri accuses Yusri in Souad Hosni’s murder
GMT 12:42 2017 Friday ,30 June
Ex-McLaren boss Ron Dennis waves chequered flag after 37 years
GMT 16:20 2017 Thursday ,09 March
Thales envisions Al Maktoum International having ‘metro’
GMT 07:20 2017 Friday ,27 October
Real's reserves make Fuenlabrada pay penalty in Cup win
GMT 11:13 2017 Monday ,17 April
Vietnamese Prime Minister Meets Qatari Ambassador
GMT 15:51 2017 Monday ,16 October
YSL Beauté to launch Dazzling Lights Holiday 2017 collectionGMT 19:08 2011 Sunday ,14 August
Dubai to hold electricity, water tariffs steady \'in coming years\'
GMT 12:07 2014 Monday ,03 February
Home design ideas
GMT 10:54 2017 Thursday ,14 September
America’s shameful treatment of two Palestinian champions
GMT 11:01 2017 Friday ,17 March
IOC chief Bach opens door to awarding two Summer Games
GMT 11:20 2017 Thursday ,02 March
Mexico central bank cuts growth outlook over TrumpGMT 18:13 2011 Monday ,09 May
Timber firms drop plans to clear Indonesian forest
GMT 08:31 2017 Tuesday ,28 November
Bangladesh upholds death sentence for 139 soldiers
GMT 14:33 2017 Thursday ,20 April
US defense secretary vows support for Egypt's Sisi
GMT 21:32 2017 Sunday ,29 January
Egypt oust Morocco with Kahraba to reach Nations Cup semis
GMT 16:12 2017 Wednesday ,20 December
Myanmar bars UN rights investigator just before visit
GMT 08:21 2017 Wednesday ,30 August
United Technologies near deal to buy Rockwell Collins
GMT 18:27 2017 Friday ,21 April
ARCO condemns targeting of ERC convoy in Somalia
GMT 07:23 2017 Tuesday ,21 November
perched in Jerusalem's hills may soon vanish
GMT 19:33 2017 Tuesday ,10 October
US scientists engineer corn to boost protein
GMT 08:43 2017 Monday ,04 December
Brexit deal 'difficult but doable': diplomats
GMT 11:24 2017 Friday ,03 March
Lego honors 'Women of NASA'
GMT 11:35 2017 Tuesday ,05 December
Bahrain's top Shiite cleric hospitalised
GMT 21:39 2017 Saturday ,30 September
Abdel Karim praises Egypt’s role
GMT 09:59 2017 Saturday ,09 December
Militias, poachers wreak havoc on central Africa's wildlife
GMT 10:11 2017 Tuesday ,12 December
Latest Grateful Dead resurrection -- a duo
GMT 15:43 2017 Monday ,04 December
Yemen's Huthi rebels claim ex-president Saleh killed
GMT 15:59 2017 Thursday ,30 November
Bahrain Bourse daily trading performance
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
