Wednesday 30 July 2014
 
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OECD

OECD accounts for less than 50pc of global GDP

The Organisation of Economic Co-operation and Development (OECD) countries accounted for around 50 per cent of the world’s gross domestic product (GDP) expressed in Purchasing Power Parities (PPPs) in 2011 - the latest benchmark year - com

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European banks have $115bn shortfall

European banks have a combined capital shortfall of about 84 billion euros ($115 billion), German weekly WirtschaftsWoche reported, citing a new study by the Organisation for Economic Co-operation and Development (OECD). French ba

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Oil demand 'will rise quickly as growth picks up'

Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday. The Internatio

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Focus on international tax treaties

Representatives from various Mena countries attended a workshop on international tax avoidance and ways to maximise the use of tax treaties in Ajman. Based on the strategic partnership between the UAE and the Organisation for Econ

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Opec oil output higher than 2014 demand

Opec's production remains higher than next year's global requirement for its crude, the exporter group said on Tuesday, even after Saudi Arabia cut production from a record high level. The monthly report from the Organizat

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US debt deal ineffective says OECD

A deal averting the risk of default in the US this week does not offer a real solution to problems posed by US disputes over debt, the head of the Organisation for Economic Co-operation and Development (OECD) has said.  

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Saudi a major aid donor says report

Saudi Arabia gave more aid than 15 OECD Development Assistance Committee (DAC) countries in 2011 and roughly the same amount as Canada ($5.5 billion), a new report said.   However, Saudi Arabia's allocated of

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OECD appoints new deputy secretary-general

The Organisation of Economic Co-operation and Development (OECD) has appointed William C Danvers as its deputy secretary-general.   Danvers will take up his functions early in September and will oversee the accession processe

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Global energy consumption ‘to rise 56pc’

Over the next three decades, world energy consumption is projected to increase by 56 per cent, driven by growth in the developing world, according to a report released today by the US Energy Information Administration (EIA). The I

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OECD publishes plan to cut tax evasion

The Organisation for Economic Co-operation and Development has (OECD) unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts. Countries are increa

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