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OPEC special-case nations increase output

  Bloomberg The OPEC countries claiming exemption from a deal to limit oil production increased output by almost half a million barrels last month, potentially jeopardizing the group’s agreement unless other members deepen their own cuts. Libya, Nigeria and Iran — granted special status after OPEC members reached a supply deal Sept. 28 in Algiers — pumped an extra 400,000 ...

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Egypt delays on capital gains tax amid currency crunch

  Bloomberg Egypt delayed the introduction of a capital gains tax on equities for three more years, as it tries to attract investors to help ease a hard currency crunch that’s hurting growth. Stocks rose. The postponement was included in a group of tax exemptions decreed by the Supreme Investment Council, the Presidency said in an e-mailed statement late on ...

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Qatar vows ‘100% compliance’ on key labour reform

  AFP Qatar said it expects “100 percent compliance” from businesses by the end of 2016 on a labour reform introduced to ensure the country’s vast migrant workforce receive their salaries on time. Government figures released in Doha on Wednesday to mark the one-year anniversary of the introduction of the Wage Protection System (WPS) show that 1.8 million — around ...

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