Tag: Middle Eastern Economies

Low oil prices: IMF chief stresses reforms, suggests levying taxes for Gulf countries

Low oil prices may be combated with tax revenues, higher energy prices KUWAIT CITY _ On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly called on countries to cut back on subsidies, lower government spending and consider levying taxes. But implementing Christine Lagarde’s suggestions is easier said than […]