The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home,...
Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", giving a "scenario analysis" of...
BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the stage for a leadership crisis.
"Unless the political class names a successor, the vice-governors will resign before (Salameh's) mandate ends" on July 31, an official said.
LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...The official warned that strengthening demand from China and cold winter weather in Europe could send energy prices and bills surging.
Domestic electricity and gas bills sky-rocketed after key energy producer Russia invaded neighboring Ukraine early last year.
DUBAI, UAE - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released...DLD said 134 mortgage deals totaling US$73 million and 89 gift deals amounting to US$27 million.
The sales included 567 villas and apartments worth US501 million and land plots worth US$294 million.
BAGHDAD, IRAQ - Iraq joined the Egmont Group of Financial Intelligence Units, the Supreme Judicial Council announced. "The efforts made...The membership, "concerns the exchange of information between the financial investigation units for combating money laundering and financing terrorism."
Egmont Group provides support to member states by enhancing secure communication between financial investigation units
Doha, Qatar -- International reserves and foreign currency liquidity of Qatar Central Bank (QCB) rose to reach QR 240.742 billion...The official reserves consist of major components, which are foreign bonds and bills, cash balances with foreign banks and gold holdings.
Qatar's gold reserves increased, as of the end of June 2023, by about QR 8.617 billion to reach QR 20.853 billion.
"The UNCTAD report for 2022 reaffirms the remarkable and unprecedented achievements resulting from the cumulative balance of FDIs flows in...UAE received the fourth largest number of greenfield projects (997), behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2022.
Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said the report confirmed the UAE’s position as a "compelling destination for global capital".
New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as...Sergey Luzyanin shed light on Russia's need for a third currency option due to concerns over the volatility of the Indian Rupee
The need for a third currency arises as Russia continues to face Western sanctions imposed after its involvement in Ukraine
London, UK--Bahrain and the United Kingdom have signed a memorandum of understanding (MoU) on biodiversity and marine pollution. The MoU...The agreement will enable the two countries to explore areas of cooperation in monitoring the environment, marine life, biodiversity and safety from pollution
Both Bahrain and the UK, under the terms of the MoU, will exchange scientific and technical information, visits, training, research and cooperative projects
Tehran, Iran-- Iran has signed oil contracts worth $40 billion with domestic and foreign companies during the last 20 months....The Iranian minister made the remarks at the second ministerial session of the 8th OPEC International Seminar in Austria
He said Iran was producing 3.8mn barrels of crude oil and gas condensates and more than one billion cubic meters of gas a day
Vienna, Austria - Energy and oil ministers from the Organization of Petroleum Exporting Countries (OPEC) on Wednesday expressed support for...Saudi Arabia on Monday extended its voluntary production cut of 1 million barrels per day (bpd) into August
Saudi Arabia and Algeria are among OPEC's 13 member states, and Russia is one of the organization's 10 allies
