Search Results for: Oman
Qatar, Citic Group to Put $5 Billion Each in Investment Platform
November 4th, 2014
Qatar’s sovereign wealth fund and China’s Citic Group will put $5 billion each into an investment platform, said Ahmad Al-Sayed, chief executive officer of the Qatar Investment Authority. The platform is for “new opportunities” and could put money into ...
Merkel Toughens Position on Britain’s E.U. Demands
November 4th, 2014
Prime Minister David Cameron of Britain, under mounting pressure from anti-European populists, continued to insist on new measures limiting the right of Europeans to live and work there. Chancellor Angela Merkel of Germany has indicated that she is prepared ...
Gulf economies edge toward reform as oil price slides
November 3rd, 2014
When Kuwait’s government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. The austerity measures are small compared to the tens ...
Inflation? Deflation Is New Risk
October 31st, 2014
A generation of economists and central bankers who lived through the 1970s learned that there is a large risk from runaway inflation and that steps must be taken to stop it before it gets out of control. In reality, ...
PwC ‘voice of the customer’ on growth strategies for Islamic Banks
October 29th, 2014
Islamic banks may be missing a huge opportunity within the Muslim population due to a perception gap, according to a PwC report What customers want, a voice of the customer survey of GCC banking customers. A perception seems to ...
2 Drug Chains Disable Apple Pay, as a Rival Makes Plans
October 27th, 2014
A consortium of merchants plans to introduce a payment system next year that will supplant the use of credit and debit cards. Apple Pay, the Silicon Valley giant’s highly anticipated mobile wallet, has been available for only one week ...
EU Value-Added Tax Reforms Closing The VAT Gap
October 27th, 2014
The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance in 2012 – a figure equal to 16 percent of ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Russia’s Rosneft takes EU to court over sanctions
October 20th, 2014
Russian oil giant Rosneft and a close associate of President Vladimir Putin are fighting the EU in court over sanctions imposed on some of Russia’s biggest companies, an official website indicated Friday. A Russian billionaire, Arkady Rotenberg, who is ...
