Pressured by expectations of a US interest rate hike at the Fed meeting Bitcoin fell during today’s trading, by about 4%, as the global market value of cryptocurrencies fell below a trillion dollars, under pressure from expectations of a US interest rate hike at today’s Federal Reserve meeting. Liquidity is affected in most global markets, … Read more
Al-Marsad newspaper: The Zakat, Tax and Customs Authority clarified when gold is subject to value added tax. The authority stated that gold is subject to zero-rate value-added tax if its purity level is 99% and is tradable in the global bullion market only. The authority added that if the gold purity level is less than … Read more
Al-Marsad newspaper: Finance Minister Muhammad Al-Jadaan said that the Kingdom’s policy towards financial sustainability will ensure that reserves do not fall below a certain percentage of GDP. “We are in the final stages of designing our financial sustainability policy,” Al-Jadaan told Reuters on the sidelines of the World Economic Forum in Davos. Al-Jadaan added that … Read more
The market value of cryptocurrencies lost about 460 billion dollars since the beginning of the transactions of the current year 2022 until Sunday, March 13th, with the return of concerns about the repercussions of the Russian-Ukrainian war, and the Fed’s movements regarding interest, which may rise in the coming days, which harms assets. High-risk after … Read more
(MENAFN– Youm7) Patrick Armstrong, chief information officer at investment management company Plurimi Group, expects Apple’s market value to continue to rise beyond $3 trillion, and Apple’s share price to continue growing faster than the overall economy, according to CNBC. Apple shares had risen during the trading of January 3, as the company’s share price reached … Read more