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U.A.E's New Tax to Generate $1.9 Billion per Year

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News video: U.A.E's New Tax to Generate $1.9 Billion per Year

Aug.23 -- The United Arab Emirates will start imposing a tax on selected goods starting Oct.

1 as Gulf Arab nations seek to deepen government revenue to counter the drop in oil prices.

Bank of America Merrill Lynch's Hootan Yazhari speaks on "Bloomberg Markets: Middle East.".

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