New York: Average tax refunds are down 17 per cent so far in the first filing season under President Donald Trump’s tax overhaul, according to the IRS, prompting the Treasury Department to caution that the data contain aberrations and could be misleading. Direct-deposit refunds dropped for the third week in a row this filing season […]

Beijing A Chinese state-backed borrower’s failure to make good on a payment on a dollar bond on Friday threatens to overturn assumptions that officials would step in to avert defaults by companies closely linked to local authorities. Qinghai Provincial Investment Group Co., an aluminium producer that was seen by some analysts as a bellwether for […]

Nairobi Kenya vowed to “never cede an inch” of its territory in a border dispute with Somalia that has soured diplomatic relations. Kenya recalled its ambassador last week after accusing Somalia of auctioning four oil blocks in an area off their coastlines claimed by both nations. It demanded Somalia withdraw what it called “illegal maps” […]

Cairo: It will take more than a surprise rate cut to threaten this month’s best carry trade. Egypt’s real interest rates remain elevated relative to emerging-market peers even after the central bank used its opening meeting of 2019 to loosen policy for the first time in almost a year. Following last week’s 100 basis-point reduction […]

Khaleej Times stood its ground and we stuck to our ethics and reported facts – like we always have for the last 40 years.

Beijing: China should seek stable development of its economy while not forgetting to fend off risks to its financial system, Chinese President Xi Jinping said, state news agency Xinhua reported on Saturday. China’s economy is growing at its slowest pace in almost 30 years, spurring policymakers to bolster growth by easing credit conditions and cutting taxes. […]

“Since my youth and throughout adulthood, Syria to me has been one of the most important nations in the region.”

Dubai Science Park, a science and healthcare-focused business community, hosted the fifth edition of its Advance Health More…

Pakistan International Airlines chief sees ‘persistent demand’ for Peshawar to Al Ain service

Sand-coloured cat with elongated, tufted black ears was seen on Jebel Hafeet National Park in Al Ain earlier this month