06/19/2020
The fiscal breakeven metric assumes that countries will adjust both their spending and—depending on their ability to influence the global price of crude oil—their production decisions to avoid deficits and smooth public spending.
06/18/2020
Announcement is part of the gradual reopening of economic activities and return to normalcy in the emirate
06/18/2020
Aramco will pay instalments starting in August until April 2028
06/18/2020
Lebanon is grappling with an acute financial crisis seen as the biggest threat to its stability since the 1975-90 civil war.
06/18/2020
Dividends will be distributed on September 20, according to a filing on Tadawul
06/18/2020
133,000 customers benefitted from the liquidity support of CBUAE extended through banks
06/18/2020
Central bank raised official exchange rate from 704 to 1,256 Syrian pounds to the dollar
06/18/2020
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
06/18/2020
The bylaws emphasize that taxpayers should apply and enforce the arm’s length principle on transactions between related persons or persons under common control as if they were conducted between independent persons.
06/18/2020
Was able to obtain millions of dollars between 2016 and 2019
06/17/2020
The IMF is due to update its World Economic Outlook on June 24.
06/17/2020
As the crisis has worsened, nearly a quarter of 1mn people have lost their jobs, the labour federation says, the Lebanese currency has lost more than 60% of its value and savers have been locked out of their deposits.
06/16/2020
President Erdogan says Islamic tools offer a "key" to get out of global economic woes triggered by coronavirus pandemic, while vowing to make Istanbul centre of Islamic economy.
06/16/2020
Kingdom also announces wider effort to collect taxes and catch tax evaders
06/15/2020
The punishment includes fines and/or jail sentences of up to 25 years
06/14/2020
Strict public health procedures will continue to be implemented, says DIFC
06/14/2020
The DFSA recognises that engagement with market participants is essential to ensure that this evolution occurs in a way that maintains the protection of client assets and market integrity.
06/12/2020
The kingdom has also lost revenue from the suspension of Muslim pilgrimages to the holy cities of Mecca and Medina, which were closed to visitors due to the virus.
06/12/2020
The amendments to the ADGM founding law, issued alongside accompanying guidance were announced on 27 May 2020
06/12/2020
The new loan is part of the EBRD’s efforts to support Turkey and other countries where it invests to combat the economic impact of the virus and support recovery.