Production

Kuwait crude oil rose 47 cents during Thursday’s trading sessions to reach USD 79.20 per barrel compared with USD 78.73 pb the day before, Kuwait Petroleum Corporation (KPC) said on Friday.Brent crude futures dropped USD 2.98 to USD 74.14 pb and West …

DUBAI, 23rd June, 2023 (WAM) — The Federal Tax Authority (FTA) has signed a Memorandum of Understanding with the Ras Al Khaimah Chamber of Commerce and Industry to build an effective and dynamic partnership between the two entities and support the FTA…

The Bank of England (BoE or the central bank of UK) on Thursday, increased the interest rate by 0.5 to 5 percent, for the 13th time since December 2021 to help slow down inflation rates that reached 8.7 percent.In a statement, the monetary policy commi…

First Vice Chairman of Jordan Chamber of Commerce (JCC), Jamal Rifai, on Wednesday discussed with Commercial Counselor at Turkish Embassy in Amman, Mohammad Oral, ways to enhance joint economic and trade relations. According to a JCC statement, Rifai …

Kuwait crude oil gained 82 cents during Monday’s trading sessions to reach USD 77.93 per barrel compared with USD 77.11 pb last Friday, Kuwait Petroleum Corporation (KPC) said Tuesday.Brent crude dropped 48 cents to USD 76.13 pb and West Texas Intermed…

ABU DHABI, Gross assets of the Sharia-compliant banks operating in the UAE grew to AED650 billion by the end of Q1-2023, an annual increase of 7.31 percent, equivalent to nearly AED44.3 billion, against about AED605.7 billion in March 2022, according …

RAS AL KHAIMAH, 19th June, 2023 (WAM) — Ras Al Khaimah Economic Zone (RAKEZ) has organised a seminar to familiarise members of its business community with the latest trends in the UAE’s federal corporate tax. During the event, the RAKEZ team highlight…

BEIJING, 19th June, 2023 (WAM) — Saudi Arabia successfully hosted the 10th edition of the Arab-Chinese Business Conference and the 8th Investment Symposium from 11th-12th June in its capital, Riyadh. The gathering was a joint effort involving the King…