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Economy
World Bank no longer funding fossil fuel projects
YemenExtra
The World Bank has announced that it will stop the financing of oil and gas exploration and production projects starting from 2019 in what could be a dramatic policy shift meant to boost the global economy’s shift to…
Mogherini: Iran-Europe increased 49% after JPCOA
YemenExtra
After the signing of the Iran nuclear deal, trade between Iran and Europe increased 94 percent in the first half of 2017, compared to the first half of 2016, according to EU High Representative Federica Mogherini.…
Increased productivity make us all richer
YemenExtra
It’s a constant source of joy, what the Guardian manages to worry about. Our latest giggle at their expense is over their concern about something economists have been saying for some centuries now: inequality in…
Bitcoin ‘Will Burst When There is No New Money to Feed It’
YemenExtra
With Bitcoin having lost a fifth of its value in a single day after earlier surging by more than 40 percent, Leonid Delitsin, a leading analyst at the investment holding company "FINAM," that Bitcoin is actually…
Will the world soon see the extinction of paper currency?
YemenExtra
SH.A.
The founder of the Sohn Conference Foundation, Ivan Son, said in an interview with CNBC that the paper currency is now being canceled.
"Although most of the trades are done by currency, it will end soon,…
BRICS to form own gold trading system
YemenExtra
Russia has unveiled a plan based on which the BRICS countries – Brazil, Russia, India, China and South Africa – will create a single gold trading system. The move is already seen as part of a campaign led by Russia…
Who is the largest tax-paying state?
YemenExtra
France has recorded according to a recent study the second highest in the world to impose taxes on the people
Jean-Yves Laudrian
According to the annual study conducted by the Organization for…
Saudi Arabia plans to apply a 5 percent value-added tax on gasoline
YemenExtra
SH.A.
Saudi Arabia plans to apply a 5 percent value-added tax on gasoline from the beginning of next year 2018.
According to CNN, the official VAT account on Twitter said that "Saudi Arabia intends to apply the…
Saudi Arabia reveals a large budget deficit in the third quarter of the year
YemenExtra
SH.A.
The budget report issued by the Saudi Ministry of Finance on Sunday revealed a budget deficit in the third quarter of this year.
The kingdom's total revenue for the third quarter of this year was 142.1…
A mine in an Arab country is the largest copper reserves in the world
YemenExtra
SH.A.
Saradin Al Hussein, General Manager of Ariab Mining Company in Sudan, said that Otep has the largest copper reserves in the world.
Hussein added that the mine contains 5 million tons of copper, in…