Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPolicymakers in Washington are considering a multibillion-dollar tax break for private credit funds as part of President Donald Trump’s flagship spending plan, even as the bill would swell US debt and cut programmes such as indigent medical care.The proposal would limit taxes on dividends paid to investors in so-called business development companies, one of the primary investment vehicles utilised by the private credit industry. The terms were included in Trump’s “big, beautiful bill” that passed the US House of Representatives,…
Stay informed with free updatesSimply sign up to the US economy myFT Digest — delivered directly to your inbox.Nobody can know either the future course of the new war in the Middle East or its possible economic effects. I wrote what I could on this in a column entitled “The Economic Consequences of the Israel-Hamas War”, on October 31 2023. The big question, I argued, was whether the conflagration would extend to oil-related production and transport from the Gulf region. This region contains 48 per cent of global proved reserves and produced 33 per cent of the world’s oil in…
Stay informed with free updatesSimply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox.The European Central Bank can further lower interest rates at a time of huge volatility in energy markets, according to one of its most influential rate-setters.François Villeroy de Galhau, governor of the Banque de France, told the Financial Times that the bombing of Iranian nuclear facilities and the country’s response had not altered the underlying inflation outlook for now. “If we look at the present assessment of markets so far, inflation expectations remain moderate,” he said, adding that the “significant appreciation of the…
Image credit: Getty Images US President Donald Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region. But there was no confirmation from Israel and the Israeli military said two volleys of missiles were launched from Iran towards Israel in the early hours of Tuesday. Read-UAE evacuates citizens and residents from Iran amid rising tensions Witnesses later heard explosions near Tel Aviv and Beersheba in central Israel, where Israeli media reported a building had been struck. Israel, joined by…
Image: Getty Images/ For illustrative purposes Oman will introduce a personal income tax on high earners starting in 2028, following the issuance of Royal Decree No 56/2025, according to the state-run Oman News Agency (ONA). The new law comprises 76 articles across 16 chapters and will impose a 5 per cent tax on taxable income for individuals whose gross annual income exceeds OMR42,000, derived from specific income types outlined in the legislation. The Tax Authority stated that the law aims to enhance the country’s fiscal sustainability by diversifying revenue sources beyond hydrocarbons, in alignment with Oman Vision 2040. Personal income…
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.It’s been 12 days since the Air India AI171 crash that killed more than 240 people. In that time, the airline has not been able to catch a break. Let’s take a look at everything the company has been dealing with and what this means for the business and its customers.More bad news Air India has never had it worse. India’s aviation regulator has asked the airline to remove three employees…
UBS says “cyclical and secular concerns” are in focus for both FedEx and rival UPS. Source link
Treasury yields are easing — but it isn’t so much a flight-to-safety trade following U.S. strikes against Iran. Source link
Many highly paid athletes, including LeBron James, admit to having some pretty frugal behaviors. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe US House of Representatives has warned staff members not to use Meta’s messaging platform WhatsApp due to privacy concerns.The warning marks a blow to WhatsApp, whose $1.8tn parent Meta has long battled concerns that it has been lax with user data in its hunt for commercial growth and advertising revenue. The House’s Chief Administrative Officer told staffers on Monday that WhatsApp had been deemed “a high-risk to users”, according to a copy of the memo seen by the Financial…