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Israel signs $15 bn deal to export gas to Egypt

Israel signs $15 bn deal to export gas to Egypt

Tel Aviv : Israel-based Delek and Texas-based Noble Energy signed on Monday a $15 billion deal to export natural gas to Egypt, the officials said. The gas will be drilled from Israel’s offshore natural gas fields, Tamar and Leviathan, Delek ...

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Wipro, Tata Steel among 135 most ethical companies

Wipro, Tata Steel among 135 most ethical companies

New York : IT services and outsourcing provider Wipro Limited and Tata Steel Ltd are the two Indian firms that have been selected among 135 world’s most ethical companies for 2018 by the US-based think tank Ethisphere Institute. The 135 ...

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Samsung reaps $39.30 bn net profit in 2017

Samsung reaps $39.30 bn net profit in 2017

Seoul : South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip industry. The company also earned a gross operating profit of ...

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Saudi tax authority: No VAT on exports

Saudi tax authority: No VAT on exports

Jeddah : Saudi Arabia’s General Authority of Zakat and Tax (GAZT) clarified that exports are zero-rated under the VAT Law and Implementing Regulations. This means that in Kingdom enterprises exporting goods and services can deduct the VAT-eligible input taxes they ...

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