Kingdom seeks to position itself as a global investment destination and business hub RIYADH: Saudi Arabia saw an 11 percent boost in non-oil revenues, reaching SR457.73 billion ($122.06 billion) in 2023 compared to 2022, primarily driven by increased taxes on income, profits, and capital gains. According to the fiscal year 2023 budget performance report released…
President Tokayev is eager to bring the shadow economy into the open as part of a rapid growth strategy. After Kurmet, a hairdresser in Kazakhstan’s business capital, Almaty, finished a cut earlier this month, the customer reached for his phone to pay. This has been a standard scene for years. Kazakhs young and old have…
Warner Bros. Discovery (WBD) shares dropped over 9% in intraday trading Friday after the entertainment giant’s earnings and revenue missed estimates, driven by a fall in advertising revenue and Hollywood strikes. Warner Bros. Discovery reported a fourth-quarter loss of 16 cents per share, narrowed from a loss of 86 cents per share in the year-ago…
COLUMBUS, Ga. (WTVM) The ongoing conversations about if the city’s finance department has millions of dollars unaccounted for continue. In December, the city’s internal auditor, Donna McGinnis revealed to council the finance department was apparently missing $45.1 million in unprocessed transactional activity for fees. At Tuesday’s city council meeting, an attorney hired by the city…
Soaring staff costs are outstripping increases in revenue and causing profits to nosedive, figures from two leading firms appear to show. Annual accounts for international firms CMS and Trowers & Hamlins – both published in the past week – show that staff costs have risen at more than double the rate of increase in turnover….