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GCC to set up mechanism to clear customsThe Gulf Cooperation Council will set up electronic clearing system to resolve customs duties between Bahrain, UAE, Saudi Arabia, Kuwait, Oman and Qatar. However, the formation of a customs union has been postponed due to differences over More… |
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Dollar hits 15-year low vs yen, euro strugglesThe yen struck a fresh 15-year high against the dollar and edged closer to a nine-year peak against the euro on Wednesday. A flare-up in worries over euro zone banks prompted market players to test the will of Japanese authorities to inter More… |
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GCC summit to discuss customs revenue sharingLeading financial and customs experts in the Gulf region are to discuss the mechanism for sharing customs duties among GCC member countries at a key summit which opens in Riyadh on Sunday. The 'GCC Finance and Economic Committee S More… |
