Gulf States are expected to be considering plans for a value added tax ( VAT ) by 2015 . It also expects a good outlook for Arab banks , estimating that net profits will grow at 15 % . The Union of Arab Banks , headquartered in Beirut , Lebanon , was formed in March .
Gulf States are said to be considering plans for a value added tax ( VAT ) by 2015 . Youssif also expects a good year for Arab banks , estimating that net profits will grow at 15 % . The Union of Arab Banks , headquartered in Beirut , Lebanon , was setup in 1974 .