The UAE Federal Tax Authority is using AI to automate tax refunds, accelerate processing and improve services, with $1.01bn refunded to citizens ...
RAKBANK launches support package to help UAE female entrepreneurs launch and grow their businesses
RAKBANK has launched a new banking and business support package aimed at female entrepreneurs across the UAE. The “She Means Business” package combines financial services, insurance, educational ...
Oil prices drop after Iran cleared to sell crude in dollars
This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets ...
Strait of Hormuz traffic flowing slowly as US, Iran trade threats
While Iran has declared the Strait of Hormuz yet again, the flow of oil (CL=F, BZ=F) continues to flow through the channel — but far below pre-war levels. Yahoo Finance Washington Correspondent Ben ...
Iraq appoints new central bank governor amid financial strain and push for reform
Nazar Nasser Hussein has served at the bank for 25 years and specialises in combating money laundering ...
Iranian Oil Is About to Flood the Market. Has the Fed’s Biggest Pressure Valve Been Released?
Inflation has been the market’s dominant concern. While investors spent much of the past year focused on artificial intelligence, earnings growth, and record-high stock prices, the conversation has ...
South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 (Reuters) - South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is ...
US will ensure any unfreezing of Iranian funds does not finance terrorism, says Vance
Vice President JD Vance said US negotiators are exploring mechanisms to ensure any unfrozen Iranian assets are used for approved purchases such as American agricultural products, as peace talks with ...
Once Hormuz reopens, can Pakistan hit India’s basmati feast in the Middle East?
The reopening of the Strait of Hormuz might give Pakistani Basmati exporters an opportunity to grab some market share from India in the Middle East. Pakistani Basmati exporters now have a subsidy-led ...
Pakistan warns it will ‘go to war’ over India’s attempts to control its water flows
Pakistan says it would consider military action if it receives evidence that India is moving at pace to block its water supplies ...