Exxon Mobil Corp. is entitled to deduct interest payments it made to Qatar from its US taxes because the company performed qualifying production payments through Al Khaleej Gas, its partnership with the country, a Dallas federal court said Thursday.
The IRS must allow ExxonMobil’s claimed refund because AKG is a valid partnership and its production payments are properly treated as mortgage loans under tax code Section 636(a), the US District Court for the Northern District of Texas said. In treating the payments as mortgage loans, any interest paid by ExxonMobil to Qatar is tax deductible, Chief Judge
EBITDA rose by 4 percent to $2.11 billion, resulting in an EBITDA margin of 44 percent Doha-based telecom company Ooredoo has announced its financial results fo
Newcastle United’s Saudi owners control a portfolio worth almost £700bn and are perpetually making bold new business players in the world of sport.After the
Hamas on Thursday rejected a new proposal brokered by Qatar, Egypt, and the US for a 30-day ceasefire in Gaza.The proposal would have seen the release of a smal
Qatar players in action during their tie against Uruguay. Doha, Qatar: World Champions Argentina and four-time winners Spain stormed to the quarter-fin