Review of expatriate fees is a lesson for other GCC countries: NBK

Saudi Arabia’s review of the expatriate fees imposed last year will have some lessons for other GCC countries’ labor nationalization programs, National Bank of Kuwait (NBK) said in its latest report.

MUST READ: Review of expatriate fees is a 'positive' step, says MUFG

According to the report, Saudi Arabia will announce the results of their review of the expatriate levy this month.

The report added that Saudi GDP growth accelerated to 2.5 percent year-on-year (YoY) in Q3 2018 from 1.6 percent YoY in 2Q18, most likely thanks to sizable gains in the oil sector and an uptick in non-oil sector activity.