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Oil-rich Kuwait warns welfare state unsustainable

The programme up to the 2016/2017 fiscal year aims to review subsidies, charges and prices of public services, besides imposing a taxation system in a country that generates 94% of its income from selling oil and where individuals and corporates pay no taxes.

Daily News Egypt

Qatar 2022 – A mixed blessing

By James M. Dorsey Winning the 2022 World Cup hosting rights has proven to be a mixed blessing for Qatar. The wealthy Gulf emirate, more than two years after world football body FIFA voted in Qatar’s favor, is under greater scrutiny than it ever has been and that it originally had bargained for. Qatar’s suitability …

Daily News Egypt