Both countries underwent leadership changes during the Arab Spring that began in 2012 . 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 IMF is expected to cut its forecast of growth in the region this year, from 5 - 6 percent to 3 - 4 percent.
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 IMF is expected to cut its forecast of growth in the region this year, from 5 - 6 percent to 3 - 4 percent.