Middle East Crude-Benchmarks slip; March cargoes sold
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The strategically extremely important Fujairah oil hub continues to expand as the UAE is looking to minimize risks in case of a blockade of the Strait of Hormuz
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
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Offshore centers have always competed with each other to attract business based on location, the ease of doing business and the cost of doing business. The last involves the rate of taxes levied on profits. The news that the UAE will introduce a new 9 percent corporation tax on business profits above 375,000 dirhams ($102,096) effective from June 1, 2023, has not come as a