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Business Middle East

  • DUBAI, United Arab Emirates— The president of the United States holds a trademark in Jordan for a Donald Trump casino, despite the fact that gambling is illegal in the kingdom. To keep the trademarks active, the Trump Organization would need to reapply for them during Trump's four-year term, raising potential ethical concerns for his company in Jordan, a stalwart...

  • AMMAN, Jordan— Jordan's state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a joint fund that will launch an estimated $3 billion worth of investments in Jordan. The Petra news agency says the agreements were signed after a meeting late Monday between Saudi King Salman...

  • LONDON/ PARIS, March 28- EU farmers are ramping up production of sugar beet this year when they will be freed at last to grow as much as they want and sell it globally, after a decade of strict output quotas and export limits. Farmers have started drilling the first post-quota crop this month in several EU member states, including top EU producer France where planting...

  • *Tax on company cut to 50 percent from 85 percent. JEDDAH, Saudi Arabia/ RIYADH, March 28- Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50...

  • DUBAI, March 27- Dubai- based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds...

  • LONDON, March 27- Emirates Global Aluminium mandated Bank of America Merrill Lynch, Goldman Sachs and JP Morgan to advise on its initial public offering, sources familiar with the situation said on Monday. One source said the company had earnings before interest, tax, depreciation and amortization of at least $1.5 billion and that its closest publicly traded...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • *Tax on company cut to 50 percent from 85 percent. JEDDAH, Saudi Arabia/ RIYADH, March 27- Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50...

  • RIYADH, Saudi Arabia— Saudi Arabia on Monday reduced the tax rate for Saudi Aramco as plans move forward to publicly list shares of the state-owned oil giant. The new code, rolled out by royal decree from King Salman, taxes Aramco at 50 percent on income retroactively starting Jan. 1. The government is preparing to list less than 5 percent of Aramco, possibly by next...

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • *Congress pulls healthcare bill on Friday. March 27- Wall Street was set to open lower on Monday after the defeat of President Donald Trump's healthcare reform bill cast doubts over his ability to deliver on his agenda of tax cuts and simpler regulations. In a stunning setback, Congress controlled by Trump's Republican party pulled a bill to overhaul the...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • *A Congress controlled by Trump's Republican party on Friday pulled a bill to overhaul the Affordable Care Act or Obamacare, in a stunning setback for the President's first major legislative move since taking office. *Still, the drop in futures appeared to be kept in check on Trump's comment to turn his attention to getting "big tax cuts" through Congress.

  • *Europe's biggest economy set for solid growth. *Graphic: Germany on the rise http://bit.ly/2o051gr. BERLIN, March 27- German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues.

  • *Europe's biggest economy set for solid growth. BERLIN, March 27- German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues. The surprisingly strong business climate index, published...