Saudi Arabia reforms its economy amid oil price slump - German-American Business - Nepal Recovery one year after the earthquake
DW Business (04/26/2016)
Global oil prices fell after the US-led airstrikes in Syria at the weekend, having spiked last week on fears Middle East tensions might escalate. Eyes now turn to how Syria's key sponsors, Russia and Iran, react.
The world is a complicated place, but the immutable laws of international trade have often served to simplify it. That appears to be changing fast, and Germany is in the firing line as risks of a global trade war rise.
Saudi Arabia and the United Arab Emirates, once seen as the Gulf's leading tax havens, have imposed a 5 percent value-added tax on goods and services. Riyadh has also sought to balance its budget by upping fuel prices.
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