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KPMG suspended in Oman as woes spread from UK to South Africa

KPMG suspended in Oman as woes spread from UK to South Africa

KPMG has been suspended from taking on new audit work in Oman, adding to the list of countries where the accounting firm is facing scrutiny.

Emirates NBD said to delay dollar bond as bank balks at rates

Emirates NBD said to delay dollar bond as bank balks at rates

Emirates NBD is holding off from selling a benchmark dollar bond after Dubai’s biggest bank refused to pay higher rates for the debt, people with knowledge of the matter said.

Rouhani sees Iran, Iraq expanding trade despite US sanctions fallout

Rouhani sees Iran, Iraq expanding trade despite US sanctions fallout

Iran and Iraq could raise their annual bilateral trade to $20bn from the current level of $12bn, President Hassan Rouhani said yesterday, despite concerns over the economic impact of renewed US sanctions.

Brexiteers bet UK can defy gravity in post-divorce trade

Brexiteers bet UK can defy gravity in post-divorce trade

The UK’s hard-line Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity.

Modi is said to enlist Tata for Jet Airways rescue ahead of vote

Modi is said to enlist Tata for Jet Airways rescue ahead of vote

The interests of India’s government and the nation’s biggest conglomerate are converging over a teetering airline.

Asia’s biggest rate hikers take action to ward off Fed risks

Asia’s biggest rate hikers take action to ward off Fed risks

Central banks in Indonesia and the Philippines – among Asia’s most aggressive interest-rate hikers this year – took more policy action on Thursday to shore up their currencies and tamp down inflation.

Indian central bank board set to discuss surplus funds transfer

Indian central bank board set to discuss surplus funds transfer

Rules pertaining to transfer of Indian central bank’s surplus funds to the government, a key point of conflict between the two, ...

US-China trade dispute dominates Apec summit in Papua New Guinea

US-China trade dispute dominates Apec summit in Papua New Guinea

The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (Apec) summit yesterday, ...

Weekly Market Report

Weekly Market Report

The Qatar Stock Exchange (QSE) index lost 153.98 points, or 1.49%, during the trading week to close at 10,214.19.

Banks are losing fight to spike tax on sales above $285mn

Banks are losing fight to spike tax on sales above $285mn

Banco Bilbao Vizcaya Argentaria SA is among a group of five banks that were ordered by French judges to pay about €10mn ($11mn) in additional taxes after they all lost separate but similar lawsuits on the same day.

ECB policy makers try to keep a brave face on shaky economy

ECB policy makers try to keep a brave face on shaky economy

The eurozone economy is testing the mettle of European Central Bank policy makers, who need to judge whether a multitude of uncertainties are crystallising into serious risks to growth.

QFC chief legal officer wins ‘General Counsel of the Year’ award

QFC chief legal officer wins ‘General Counsel of the Year’ award

The Qatar Financial Centre (QFC) has participated in the third Qatar Business Law Forum & Awards organised by LexisNexis during which QFC chief legal officer and board secretary Nasser al-Taweel was named ‘General Counsel of the Year’.

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