Organization of the Petroleum Exporting Countries (OPEC)
It is a permanent intergovernmental organization of oil-exporting countries. Formation It was established in 1960 by the five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Headquarters Vienna, Austria. Mission To coordinate and unify the petroleum policies of its … Continue reading
Capital Gains Tax (CGT)
Capital Gains Tax (CGT) is a tax levied on the profit arising from the sale of a capital asset (like land, buildings, shares, jewellery, patents). Types Short-term CGT: Any asset held for less than 36 months is termed a short-term … Continue reading
Eritrea
Location: Horn of Africa Capital: Asmara Bordering Countries: Sudan, Ethiopia, and Djibouti Maritime Neighbours: Saudi Arabia and Yemen Bordering Waterbodies: Red Sea Geographical Features: Dahlak Archipelago, Danakil Depression Climate: Arid and semi – arid. International Grouping: African Union, Non-Aligned Movement, … Continue reading