Newsletter

“Zakat” requests VAT returns for the month of March and the first quarter of 2024

Riyadh – Mubasher: The Zakat, Tax and Customs Authority called on establishments from the business sector subject to value-added tax whose annual supplies of goods and services exceed 40 million riyals to submit their tax returns for the month of last March. Meanwhile, according to a statement issued today, Sunday, the authority called on establishments […]

39.3 trillion dirhams, total bank transfers in the UAE over 3 years

Abu Dhabi – Mubasher: The total bank transfers in the UAE over the past three years amounted to 39.3 trillion dirhams ($11 trillion), according to data issued by the Central Bank. The data stated that remittance activities witnessed record annual increases, as they achieved an annual average growth of 33% over the period, as the […]

Forecast for Oil Prices in 2024: No Changes for Tomorrow’s Bangchak PTT

Tomorrow’s oil price 2024 (22 April) Bangchak PTT The latest price update “Sylfaen economie” has the answer There is no change in the price of oil tomorrow after PTT Oil and Retail Business Public Company Limited (OR) and Bangchak Corporation Public Company Limited (BCP) announced an increase of 50 satang per liter in the retail […]

Ministry of Trade, Industry & Energy Monitoring Middle East Tensions for Economic Impact

Money Today Reporter Choi Min-kyung | 2024.04.19 19:23 Minister of Trade, Industry and Energy Ahn Deok-geun presides over an urgent situation review meeting regarding the Middle East situation held at the Seoul Government Complex in Jongno-gu, Seoul on the 19th with the participation of key executives of the Ministry of Commerce , Industry and Energy, […]

Expectations of a rise in oil prices after the Iranian attack on Israel

Iran launched bomb-laden drones and missiles at Israel on Saturday evening in response to a suspected Israeli raid on the Iranian consulate in Syria on April 1. Iran’s first direct attack on Israel stoked fears of a broader regional conflict. Fears about Iran’s response to the attack on its embassy compound in Damascus already boosted […]

18% increase in oil prices this year

Oil rose by about 18% this year, supported by geopolitical tensions and OPEC+ supply cuts. Many of the world’s largest traders and Wall Street banks have turned to adopting a bullish tone for prices, and some see a possible return to $100 for global Brent crude. However, the Macquarie Group said that crude oil will […]

Oil prices recorded $90.45 for Brent and $85.66 for US crude

Oil prices recorded $90.45 per barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures contracts recorded $85.66 per barrel upon settlement on Friday, as prices recorded losses on a weekly basis. Yesterday, the International Energy Agency reduced its forecast for oil demand growth in 2024, attributing this to lower-than-expected consumption in […]