The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
Ex-Islamist president Mohamed Mursi is charged of endangering national security by leaking state secrets and sensitive documents to Qatar.
Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.
Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.
GCC members urged the Council to pass a resolution, which authorises the use of military force or economic sanctions to enforce Council resolutions.
The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.
Fahmy, who is a naturalised Canadian citizen, was released on bail of $32,765 while Mohamed was released without bail.
OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.
The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.
Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.
The IMF projected growth to reach 3.8 per cent in 2014/15 and to rise to five per cent over the medium term.
Food delivery business 24h.ae, founded in 2011, will continue with the current management and team.
The US, France and Britain have shut down their embassies while Germany said that it will soon follow suit.
Talabat operates in ME countries including Kuwait, Saudi and the UAE, cooperating with restaurants such as Burger King, KFC and Pizza Hut.
The GCC and the European Union have remained in a stalemate regarding the agreement for several years.
US airlines are stepping up efforts to persuade the American government to alter or terminate the Open Skies pacts.
Oil stockpiles in member countries of the OECD may approach a record 2.83 billion barrels by mid-2015, said the IEA.
Last month, Houthi fighters, who had captured the capital in September, seized the presidential palace, driving the President to resign.
OPEC ministers and delegates have blamed non-OPEC producers such as Russia, Mexico and Kazakhstan, as well as U.S. shale oil production, for the oversupply in the market.
S&P cut its outlook for Saudi Arabia’s “AA-/A-1+” foreign and local currency credit ratings to negative from stable and lowered ratings of Bahrain and Oman.
The UN secretary general said that Arab countries could tackle radicalisation by promoting interfaith dialogue and being attentive to people’s aspirations.
Standard & Poor’s lowered its sovereign credit ratings on Bahrain and Oman, while lowering its outlook on Saudi Arabia.
The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.
High fiscal reserves in the GCC act as a strong buffer from global food price fluctuations, an expert said.
Mohamed Fahmy and Baher Mohamed were sentenced to seven and 10 years in jail respectively last year.
Muslim clerics also condemned the burning to death of the pilot, Mouath al-Kasaesbeh, saying such a form of killing was considered despicable by Islam.
Charles embarked on a six-day tour of the Middle East this weekend.
ISIL fighters have brought large areas in Syria and Iraq under their control.
Middle East investors have began to look east as Europe’s economy struggle due to repeated fears over sovereign debt levels and weak growth indicators.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.