Gulf States are expected to be considering plans for a value added tax ( VAT ) by 2015 . He said : `` The bailout deal will hit hard on them and this will lead into a serious problem , but I am afraid that more banks in other European countries will face similar issues . '' 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 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 .