Tax
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Global sukuk issuance plummeted nearly 15 percent during this period
U.S. President Trump informed trade partners that higher tariffs would commence on August 1
Gold prices hovered around $3,330 on Tuesday due to a stronger U.S. Dollar affecting demand
Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia
Spot gold dropped more than 0.5 percent to above $3,311 per ounce
A 90-day delay on tariffs provides time for negotiations, aiming for clarity in trade deals
Multinational entities must register by September 30 to comply with the new tax regulations
Markets are currently pricing in 64 basis points of rate cuts by the Fed this year, with only a 21 percent chance of a cut in July
Trump emphasizes the bill's benefits for all Americans
H.H. highlighted the importance of the Islamic T-Sukuk program in boosting the national economy
