Browsing: finance

Italy’s doubling of a “flat” tax on the overseas income of wealthy new residents will curb its tax shelter appeal that risked becoming excessive

CAIRO: Funding activity flourished in the Middle East and North Africa region, driven largely by Saudi and Egyptian startups.

RIYADH: UAE banks provided credit facilities worth 851.87 billion dirhams ($231.93 billion) to the business and industrial sectors by the end of May, reflecting a 3.18 percent year-on-year increase.  

Warner Bros. Discovery’s share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Jeddah: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has extended a $10 million trade finance line to the Uganda Development Bank Ltd.

Several countries want to change their status in the Shanghai Cooperation Organization and work more closely with the association, Putin calls to expand the use of the digital ruble, and Venezuela’s Maduro believes he’s a shoo-in to be re-elected as president. These stories topped Thursday’s newspaper headlines across Russia.

European stock markets opened Monday at a nearly six-month low, the media reported, amid a global sell-off fueled by concerns about a slowdown in US economic growth

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or a group of people using the name Satoshi Nakamoto

The Bank of Russia carries out purchase and sale operations on the domestic market in the currency section of the Moscow Exchange in the yuan-ruble instrument

Amid endless sanctions and Russia’s disconnection from SWIFT, the Bank of Russia has developed its own payment system, which many countries have already joined, Valentina Matviyenko noted