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4.5mn cheques valued at QR345.6bn processed in Qatar ECONOMY

4.5mn cheques valued at QR345.6bn processed in Qatar

Some 4.5mn cheques valued at QR345.6bn were processed in Qatar last year, Qatar Central Bank (QCB) data show.

4:45 AM November 25 2016
Indian police fear US tax scam spread across country INTERNATIONAL

Indian police fear US tax scam spread across country

A multi-million-dollar racket that used fake Indian call centres to trick US citizens into paying bogus tax bills may be the tip of the iceberg, with police warning similar scams could be operating across the country.

4:45 AM November 25 2016
Personal income tax in GCC unlikely soon ECONOMY

Personal income tax in GCC unlikely soon

Samba Financial Group does not see "any plans to introduce personal income taxes in the GCC at this time and these would probably be contemplated only as a last resort."

4:45 AM November 25 2016
Libya oil chief fears 'financial collapse' unless exports rise ASIA

Libya oil chief fears 'financial collapse' unless exports rise

Conflict-hit Libya could run out of money next year without a swift resumption of oil exports, the head of the country's National Oil Corporation (NOC) warned on Thursday.

4:45 AM November 25 2016
Oil prices 'likely to average $60 a barrel in 2017' ECONOMY

Oil prices 'likely to average $60 a barrel in 2017'

Oil prices are likely to move up and average $60/barrel in 2017 from this year’s average of $43/b as reduced investment by international oil companies begins to bite, Samba Financial Group has said in a report.

4:45 AM November 25 2016
EU cities should get ready to clear euro in place of London INTERNATIONAL

EU cities should get ready to clear euro in place of London

There is no reason for the City of London to remain a centre for euro clearing if Britain leaves the European Union's single market, and other financial centres ...

4:45 AM November 25 2016
India's central bank says bad loans still rising INTERNATIONAL

India's central bank says bad loans still rising

Bad loans held by Indian banks are still rising sharply, India's central bank said Tuesday, as it warned the country's lenders face "significant challenges".

4:45 AM November 25 2016
Britain-China financial services linkages at risk ECONOMY

Britain-China financial services linkages at risk

UK and China have agreed a raft of financial services projects; Brexit threatens London’s status as leading offshore yuan hub; Chinese banks likely to rethink London operations; civil servants “scrambling” to assess impact on projects

4:45 AM November 25 2016
India's Mallya says being deemed 'guilty without trial' INTERNATIONAL

India's Mallya says being deemed 'guilty without trial'

Indebted tycoon Vijay Mallya on Sunday accused Indian government agencies of deeming him ‘guilty without trial’ and lambasted the country's financial crime ...

4:45 AM November 25 2016
Ant Financial buys 20% of hedge fund data firm ECONOMY

Ant Financial buys 20% of hedge fund data firm

Alibaba Group Holding’s finance affiliate has acquired a 20% stake in Shanghai Suntime Information Technology Co...

4:45 AM November 25 2016
British PM admits he mishandled offshore revelations INTERNATIONAL

British PM admits he mishandled offshore revelations

British Prime Minister David Cameron said Saturday he had mishandled the controversy over his shares in his father's offshore business interests, which were exposed by the ‘Panama Papers’ revelations.

4:45 AM November 25 2016
G20 nations pledge all tools to lift growth ECONOMY

G20 nations pledge all tools to lift growth

The world's 20 top economies will agree to use all policy tools to lift sluggish global growth, according to a draft communique obtained by Bloomberg News on Saturday, despite German disquiet over fiscal and monetary stimulus.

4:45 AM November 25 2016