Business

DUBAI: The Ministry of Finance of United Arab Emirates (UAE) has announced that the Excise Tax Law will come into effect on October 1st, 2017. In an exclusive interview with UAE official news agency WAM, Undersecretary of the Ministry of

The bearish trend at Pakistan Stock Exchange continues as the KSE-100 index dropped by almost 1,000 points during early day trading on Tuesday, dipping below 41,300 points. On Monday, the benchmark index stooped to a fresh low of the year,

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, May 18, 2017. REUTERS/Brendan McDermid/Files The benchmark US S&P 500 stock index ended up slightly on Monday after two days of declines, though a

source: Reuters PARIS: French oil giant Total said Monday that it would buy Maersk Oil, a unit of Danish shipping giant A.P. Moller-Maersk, for $7.45 billion. The company said the deal would make Total the second-largest operator in the North

KARACHI: Bearish trend dominated the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index dropped by more than 800 points to reach 42,264.54 points. The first day of the week saw investors inclined towards the selling trend. Financial analyst

Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, US, May 6, 2017. REUTERS/Rick Wilking/Files Warren Buffett takes pride in naming his price to buy a company, and not paying a

Trafigura, the world’s second-largest private oil trader, is set to purchase Admore oil marketing company of Pakistan in a deal of nearly $40 million.  According to reports, the private oil trading company will acquire 51 percent shares in Admore oil marketing

EU and British flags fly outside the European Commission building in London, Britain August 12, 2017. Photo: Reuters File LONDON: Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, August 17, 2017. REUTERS/Brendan McDermid NEW YORK: US stocks lost ground late to end lower on Friday following a White House-focused week that raised

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, US, February 11, 2014. REUTERS/Brendan McDermid/Files Billionaire investor Carl Icahn ended his role as a special adviser to US President Donald Trump on