Finance

WASHINGTON, Treasury Secretary Steven Mnuchin reiterated the US opposition to France’s plan to tax US digital companies.In a letter sent to the Organization for Economic Cooperation and Development, the US official warned that the (taxes) have a discri…

BRUSSELS, GDP rose by 0.2 percent in the euro area and by 0.3 percent in the European Union during the third quarter of 2019, according to figures published by Eurostat, the EU?’s statistical office Thursday.Compared with the same quarter of the previo…

WASHINGTON, Treasury Secretary Steven Mnuchin reiterated the US opposition to France’s plan to tax US digital companies.In a letter sent to the Organization for Economic Cooperation and Development, the US official warned that the (taxes) have a discri…

WASHINGTON, Economic growth in the GCC countries is expected to “significantly weakened” this year due to “muted oil prices and exceeds oil supply,” the World Bank said, which also forecasted Kuwait’s growth rate to rebound in 2020.Economic growth in t…

WASHINGTON, Economic growth in the GCC countries is expected to “significantly weakened” this year due to “muted oil prices and exceeds oil supply,” the World Bank said, which also forecasted Kuwait’s growth rate to rebound in 2020.Economic growth in t…

BRUSSELS, GDP rose by 0.2 percent in the euro area and by 0.3 percent in the European Union during the third quarter of 2019, according to figures published by Eurostat, the EU?’s statistical office Thursday.Compared with the same quarter of the previo…

BEIJING, China on Thursday called for cutting tariffs if it and the United States are to reach an interim agreement on trade, the Commerce Ministry’s spokesman said.”The Chinese side believes that if the two sides reach a phase one deal, tariffs should…

BEIJING, China on Thursday called for cutting tariffs if it and the United States are to reach an interim agreement on trade, the Commerce Ministry’s spokesman said.”The Chinese side believes that if the two sides reach a phase one deal, tariffs should…

The world may be heading for an even greater oversupply of oil, and that possibility � which could drive down fuel and energy prices � is hanging over members of the OPEC cartel as they head into negotiations Thursday.The oil-producing nations will dec…

WASHINGTON, US President Donald J. Trump on Wednesday affirmed that the trade talks with China would continue one day after the US House passed a bill aiming to protect the Uighur Muslims in China.Speaking to reporters, he said, “We’re talking to China…

TOKYO, Japan’s parliament on Wednesday approved a new trade pact with the US that will cut tariffs on industrial and farm products, paving the way for the deal to take effect on January 1, 2020.The deal, agreed by Japanese Prime Minister Shinzo Abe and…

WASHINGTON, The US Trade Representative (USTR) has completed the first segment of a five-month investigation that concluded that France’s Digital Services Tax (DST) “discriminates against US companies. “(It) is inconsistent with prevailing principles o…

WASHINGTON, The US said late Monday that findings of the World Trade Organization (WTO) reaffirmed “subsidies continue to cause adverse effects,” and that “European governments even extended the subsidies by renegotiating launch aid with Airbus.” US Tr…

KUWAIT, Kuwait’s bilateral trade with Jordan came to KD 80 million (USD 264 million) last year, its chamber of commerce said on Monday, amid a visit by a sizable Jordanian trade delegation.In 2018, total Kuwaiti investments in Amman stood at USD 18 bil…

RIYADH, The Kingdom of Saudi Arabia assumes the G20 Presidency Sunday, leading up to the Leaders’ Summit in Riyadh on November 21-22, 2020.The Saudi G20 Presidency commended the work of the Japanese G20 Presidency in 2019, adding it will continue to su…

RIYADH, The Kingdom of Saudi Arabia assumes the G20 Presidency Sunday, leading up to the Leaders’ Summit in Riyadh on November 21-22, 2020.The Saudi G20 Presidency commended the work of the Japanese G20 Presidency in 2019, adding it will continue to su…