Search Results for: Arab
IASB shines light on leases by bringing them onto the balance sheet
January 13th, 2016
The International Accounting Standards Board® (the Board) today issued a new accounting Standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major revision of ...
When OPEC cuts output, oil prices will begin to climb
January 13th, 2016
While the consensus view is the the oil price will go even lower yet, once production is reduced it will start rising again. There’s a very good reason why the price of oil keeps falling – there’s no real need to buy it. ...
Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
January 11th, 2016
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at least 35 multinationals mainly from the EU, who must ...
In Saudi Aramco IPO, Global Refining Empire May Be the Prize
January 11th, 2016
Saudi state-owned company mulls `bundle’ of refiners listing Aramco will be world’s top refiner by 2020, overtaking Exxon Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude ...
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
US oil boom reduces Middle East influence on oil price
January 7th, 2016
The US oil boom has changed the world’s geopolitics of energy, reducing the influence of the Middle East on oil prices, the American Petroleum Institute (API) said on Wednesday. “The American energy renaissance” is the key reason why the ...
Cyprus is ‘next property investment hotspot’, says agency
January 7th, 2016
Cyprus is set to join London, New York and Paris as a top international property hotspot, says a leading agency. Chestertons International says there has been growing interest from investors for luxurious Cyprus properties, with sales rising 23% in October ...
Tech trends 2016: Cybersecurity in the connected world
January 5th, 2016
This year, cybersecurity will be the main issue vexing global business, firms say, and it will become more critically important as the internet of things takes off and our world becomes ever more mobile and connected. Lawyers, accountants, digital ...
Gold price firmer on pick-up in Middle East tensions
January 4th, 2016
Chinese equities circuit breakers kick-in after 7 percent fall in the CSI Precious metals are mixed with gold and silver prices up around 0.9 percent with the gold price at $1,070, while the industrial precious metals are weaker with ...
Chinese markets halt trading for day after shares plunge
January 4th, 2016
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the slowdown of the mainland’s economy. The Shanghai Composite tumbled 6.85 percent ...
