China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...Business Economy Geostrategy
Iran signs big contracts to increase oil production
Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...Business Economy Energy
Good vegetable crops boost Qatar’s food security
"To support productive Qatari farms in marketing their products directly and to ensure that consumers obtain their needs for fresh...Vegetable production in the Gulf country increased by 76 percent from 2017 to 2022, according to the Food Security Department Director Dr Masoud Jarallah Al Marri
Qatar's Ministry of Municipality is preparing a strategic plan for ensuring food security in the agricultural sector until 2030 and implementing digital transformation projects.
Saudi Arabia’s TASI ends the week higher while UAE markets fall
Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.
Qatar Islamic Bank owner again offers to buy Manchester United
Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion
Violent scenes in France as protests begin against reservoir construction
SAINTE-SOLINE, FRANCE - French security forces again clashed with protesters Saturday as campaigners sought to stop the construction of reservoirs for...Multiple projectiles and improvised explosives were thrown by protesters, with police responding with tear gas and water cannon.
Eleven people were already detained after police seized cold weapons, including petanque balls and meat knives, as well as explosives.
UAE highlights food, energy insecurity at G20 Finance Track meeting
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...The UAE delegation highlighted emerging uncertainties in the finance sector.
The delegation discussed effective ways to promote global financial stability.
EU, Germany reach deal on fossil fuel car phaseout
BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.
Deutsche Bank shares tank
The shares fell on the lender's rising cost of default cover.The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade
German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations
E-invoicing: Saudi Arabia stipulates criteria for selecting establishments
Riyadh, Saudi Arabia - Saudi Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for selecting the establishments targeted...The authority said it would inform the selected establishments six months before the enrollment date
Implementation of the first phase of the e-invoicing system began on December 4, 2021
Qatar’s GTA extends deadline for filing of income tax returns
Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time
Greece, Italy to discuss rail ‘restart’ after tragedy: PM
Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May
Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people
