Economy - TRENDS MENA

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
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
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
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
"Despite the challenges faced by the global supply chains due to today’s political and economic developments, the Ministry made sure...
The UAE's Ministry of Economy collaborates with government partners and stakeholders to develop consumer protection policies and ensure market stability, says an official
The Ministry conducts inspections to monitor compliance with decisions issued regarding prices and quality products, and to prevent fraud and trademark infringements, he adds
The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel,...
The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel, Naim Maadad of Gates Hospitality tells TRENDS
Dubai's hospitality industry is bouncing back from the pandemic with both leisure and business trips on the rise, and the industry anticipating a prosperous year ahead, he adds
BRUSSELS, BELGIUM - Economic growth in the eurozone accelerated in March and hit a 10-month high, according to a closely watched...
The S&P Global Flash Eurozone purchasing managers' index showed the indicator at 54.1, up from 52.0 in February
Inflation remains much higher than policymakers' target but eurozone consumer prices have also fallen in recent months
ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian. Emirates NBD Capital...
Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority.
The firm provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.
Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company's dramatic collapse last year, which wiped...
US charged Do Kwon with eight counts, including securities fraud and wire fraud, which followed a lawsuit by the US Securities and Exchange Commission
In South Korea, where Kwon is wanted for violations of the country's capital markets act, authorities confirmed Friday that they would seek his extradition
New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a...
Rejecting Johnson & Johnson's application, Assistant Controller of Patents and Designs Latika Dawara said that it did not meet the requirements of India's Patent Act
The decision is likely to enable Indian manufacturers to begin work on generic versions of the drug once the primary patent expires in July