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OPEC crude price rises by 0.44 dollars

ViennaOPEC - The price for crude oil produced by the Organization of the

Direct Tax Collections Up 47%

The increase in TDS receipts and buoyancy in corporate profits led to an Direct Tax Collections Up 47%increase in the direct tax collection, including corporate and personal income tax, by 46.95% to Rs 71,648 crore in April-July this year.

A finance ministry statement said, “Robust growth in direct tax collections is a result of tax education and compliance mechanism put in place by the Income Tax department in the area of tax deducted at source (TDS) and tax collection at source (TCS) and indicates further improvement in tax administration and tax compliance levels.”

Egyptian police exchange gunfire with Gaza smugglers

Cairo  - Egyptian police on the Gaza Strip border exchanged gunfire with three smugglers attempting to bring fuel and food to the strip, Cairo sources said Thursday.

OPEC crude price hovers above 120 dollar mark

ViennaOPEC - The price for crude oil produced by the Organization

Leading al-Qaeda-linked terrorist escapes Kenyan police

Leading al-Qaeda-linked terrorist escapes Kenyan police Nairobi  - A suspected leading terrorist with links to the international al-Qaeda terrorist network managed to escape arrest in the Kenya capital over the weekend, The Standard newspaper reported Monday.

Fazul Abdullah Mohammed, thought to be a key figure in the 1998 bombing of the US embassy in Nairobi, returned to Kenya last week from Somalia, the report said, citing police sources.

He was in hiding in his house in the coastal village of Malindi and managed to flee just an hour before police arrived to arrest him, the report said.

Oil prices above 120 dollars "abnormal," OPEC president says

OPECJakarta - Crude oil prices above 120 dollars a barrel are "abnormal" but they could fall to around 78 dollars under the right circumstances, the president of OPEC said Tuesday.

"If the dollar continues to strengthen and the political situation improves, then the long-term prices will be about 78 dollars," Chakib Khelil said while on a visit to Indonesia.

He added that the market was well-supplied with oil, refuting arguments that there is a world shortage of the commodity and members of the Organization of the Petroleum Exporting Countries (OPEC) should increase production.

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