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Tag Archives: Economy

EU plans €1.8bn fund for Africa to halt flow of migrants


تشرين الثاني 12, 2015 The European Union will announce a €1.8 billion emergency fund for Africa on Thursday in a bid to halt the flow of refugees entering the EU illegally, although leaders will stop short of establishing processing centres in Africa to register people before they leave the EU. Ireland ...

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Volkswagen admission suggests cheats went much further than emissions


تشرين الثاني 04, 2015 The crisis at Volkswagen has deepened after the carmaker found “irregularities” in the carbon dioxide levels emitted by 800,000 of its cars. An internal investigation into the diesel emissions scandal has discovered that CO2 and fuel consumption were also “set too low during the CO2 certification process”, ...

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EU gives Greece €5.9m for transport of refugees from islands


تشرين الأول 27, 2015 The European Commission announced €5.9 million in emergency funding for Greece yesterday, a day after a mini-summit in Brussels agreed on a 17-point plan to deal with the refugee crisis unfolding in the Balkans. The new financing for Greece will be taken from the EU’s Asylum, Migration ...

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Lebanon has 26th highest loan penetration rate in the world


تشرين الأول 19, 2015 Figures issued by the International Monetary Fund show that there were 294.2 borrowers per 1,000 adults at commercial banks in Lebanon at the end of 2014, constituting an increase of 4.8 percent from 280.7 in 2013 and compared to 179.1 in 2005. The borrowers’ penetration rate ranks ...

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Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

avoid taxes

تشرين الأول 07, 2015 The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit ...

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Citi: Lebanon banks can still finance govt

Lebanon banks

تشرين الأول 05, 2015 Citi, the global financial services group, indicated that the risks from the recent slowdown in the growth of bank deposits in Lebanon are limited, and that the slowdown is unlikely to pave the way for capital flight. It added that the Lebanese banking system has the capacity ...

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Shell to cease further exploration in Alaska


أيلول 28, 2015 Royal Dutch Shell Plc (RDSa.L) said it would cease exploration activity in offshore Alaska for the “foreseeable future” and take a writedown of about $4.1 billion after failing to find enough oil in the region. The company said it did not find sufficient amounts of oil and ...

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