Finance

Lebanon civil servants on strike amid wage hike crisis

Beirut - Muslimchronicle

Lebanon’s civil servants are on strike to pressure the government to pay them recently approved wage hikes amid a new crisis over how to finance them. The Cabinet is meeting on Tuesday to discuss new ways to finance the wages bill, estimated at $800 million. The law improving the wages, which had been in the works for years, was passedRead more

GBM Oman supports hearing impaired by providing jobs

Muscat - Musimchronicle

Gulf Business Machines (GBM) has partnered with the Oman Association for the Hearing Impaired to support its members with employment opportunities. GBM Oman, the region’s number one provider of IT solutions, recently recruited three of the association’s members to work on its Archiving and Documentation System project for the Ministry of Finance in Oman. “We would like to extend ourRead more

Time for expat bosses in Oman to move aside?

Muscat - Musimchronicle

Expat bosses, especially those over the age of 60 working at government-owned companies, are on borrowed time, according to a Majlis Al Shura member after a recent directive signed by a top-level minister. According to the new ruling, signed by Darwish bin Ismail bin Ali Al Balushi, Minister Responsible for Financial Affairs, the government is aiming at improving Omanisation rates ofRead more

Daimler finance arm expects record year after 1H gains

Berlin - Muslimchronicle

Daimler’s finance arm said it was heading for another record year after signing nearly 1 million new leasing and finance contracts between January and June. Daimler Financial Services, which handles customer financing and leasing for the German carmaker, expects a significant increase in new business this year and further growth in leasing and finance contracts, backed by expanding sales ofRead more

Mahmoud informed on overall situations in Central Darfur State

Khartoum - Arab Today

The Assistant of President of the Republic, Engineer Ibrahim Mahmoud has got acquainted with overall situations in Central Darfur State , especially in fields of security and the agricultural season. Governor of Central Darfur State, Ja'afer Abdul-Hakam said in press statements, that he briefed the Assistant of the President of the Republic on success of winter agricultural season, especially projectRead more

Mahmoud informed on overall situations in Central Darfur State

Khartoum - Arab Today

Saudi Sukuk first global issue in high demand

Riyadh - BNA

The Saudi Ministry of Finance has received considerable demand for the first international Sukuk issue with an order logbook from investors in excess of $33 billion (equivalent to SAR 123.75 billion). The total amount of the issue has been sized At US $ 9 billion (equivalent to SAR 33.75 billion), according to the Saudi News Agency (SPA). This consist ofRead more

Advanced Credit Analysis Training Programme offered by BIBF

Manama - BNA

The Bahrain Institute of Banking and Finance, (BIBF) partners with Fitch Learning, introducing a specialised training programme in Advanced Corporate Credit Risk Analysis set for next month, aimed at encouraging bank lending in Bahrain and the wider GCC region. The intensive three-day workshop will be conducted by Fitch Learning, and aims to enhance the credit analytic skills of participants atRead more

GST draft bills tabled in Parliament; peg peak rate at 40%

New Delhi - Arab today

Finance Minister Arun Jaitley on Monday introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti-profiteering authority and arrests for evading taxes. With this, rollout of GST - the biggest tax reform since independence - has entered the last lap and its passage by Parliament will paveRead more

Finance Minister directs addressing of illegal fees on roads

Khartoum - Arab Today

The Minister of Finance and Economic Planning Badr-Eddin Mahmoud Abbas gas given directives on addressing the problems of illegal fees on roads, especially in the states, as well as preventing foreigners from practicing trade through agents, pointing to the necessity of controlling crossing points for their impact on the Sudanese market. The minister called, during the plenary he held SundayRead more