Search Results for: Gulf
BP to Settle Federal, State and Local Deepwater Horizon Claims for up to $18.7 Billion
July 3rd, 2015
BP to Settle Federal, State and Local Deepwater Horizon Claims for up to $18.7 Billion With Payments to be Spread Over 18 Years The Disclosure and Transparency Rules (“DTR”) made by the Financial Conduct Authority govern amongst other matters ...
Market get a boost: Etisalat 40 percent is open to investment by individual UAE citizens
June 25th, 2015
News that restrictions on investment in United Arab Emirates telecommunications operator Etisalat will be loosened may boost Abu Dhabi’s market on Tuesday, while other bourses may have a modestly positive tone. At present, the government’s Emirates Investment Authority (EIA) ...
UAE and US sign agreement to provide tax information
June 22nd, 2015
The UAE and US have signed an agreement to implement America’s new Foreign Account Tax Compliance Act (FATCA), the Ministry of Finance announced in a statement carried by state news agency WAM on Saturday. The agreement means all US ...
MENA economic growth: A good start for Egypt
June 18th, 2015
It is not without its challenges, but the economy is improving – steadily if unspectacularly. A curious place these days, Egypt. Politically, it continues to make liberal-minded observers queasy, whether for sentencing ousted – and democratically elected – Islamist ...
Lower Oil Revenues See Saudi-Arabia Open Up Stock Exchange
June 18th, 2015
Saudi Arabia may be rich enough to weather the current trend of low oil prices, but it’s losing money nonetheless and has found a way that it believes could help make up for the loss: opening its stock market ...
A record $9 billion penalty levied against BNP Paribas SA
June 16th, 2015
A record $9 billion penalty levied against BNP Paribas SA for violating U.S. economic sanctions Terrorism Victims Seek Part of BNP Penalty Large contingency lost family or were injured in 1998 embassy bombings The record penalty is morphing into ...
India seeks to use its oil thirst to drive bargains
June 16th, 2015
Oil Minister Dharmendra Pradhan speaks during an interview with Reuters in New Delhi, India India is trying to use its position as one of the world’s biggest energy consumers to strike better bargains for its companies with oil exporting ...
Top companies in the Arab World 2015
June 15th, 2015
The UAE features heavily in the Forbes Middle East study into the top-performing companies in the Arab World. Find out which firms made the top 10 1st: Sabic. The list was based on disclosed financial statements for 2014, collated ...
Saudi Market Opening May Help Neighbors
June 15th, 2015
Other Arab countries—including Qatar, Kuwait and the United Arab Emirates—are likely to be among the major beneficiaries When Saudi Arabia opens up its stock market to foreign investors Monday, the loudest cheers may come from the Persian Gulf country’s ...
New ACCA Middle East team on hand to boost the accountancy profession in the region
June 12th, 2015
To support the development of the accountancy profession and the growing needs of its expanding customer base in the Middle East, ACCA (the Association of Chartered Certified Accountants) has transformed its regional team to meet the demand. Lindsay Degouve ...
