Issac John

The initiative comprises 24 projects scheduled for procurement between 2026 and 2027 across transport, social and core infrastructure sectors

Major UAE banks are offering attractive one-year fixed rates, with salaried residents securing the best deals as buyers seek protection from future interest-rate volatility

The changes reduce operational hurdles, increase investment capacity and improve the ability to move money in and out of the country

The reforms come as India seeks to channel a greater share of diaspora savings into equities, bonds and other financial assets, offering Gulf NRIs a simpler route to participate

Read this exciting story from Khaleej Times June 18, 2026 issue. The forecast assumes the successful implementation of the US-Iran peace agreement expected to be formally signed on June 19, restoring stability to trade routes and Hormuz

For GCC governments, the challenge will be balancing slower revenue growth with ambitious diversification agendas aimed at reducing dependence on oil

Changes are designed to ensure VAT is paid in the right country, reduce double taxation, close gaps that allow tax leakage and make it easier for tax authorities to track cross-border transactions

Several reserve managers slowed purchases after gold surged to record highs, while some exchange-traded fund investors took profits following the sharp rally

The RBI's latest initiative is widely viewed as a strategic effort to boost foreign-currency inflows into the banking system

Decline in crude prices also reflects expectations that cargoes stranded in the Gulf during the recent conflict could soon be released