Dubai’s eyes growth with large investments
Sheikh Ahmed bin Saeed Al Maktoum, Second Deputy Chairman of the Executive Council and the Chairman of Economic Development Committee has remarked that the growth of Dubai has reached astounding heights irrespective of the downward trends of 2016 and is all set to gallop past the global economic growth in the coming years. In the […]
The winner emerges: UAE bags the top spot in FDI
In a recent survey by the Arab Investment and Export Credit Guarantee Corporation, Dhaman UAE has bagged the top spot for the most foreign direct investments made in 2016. As per the Foreign Direct Investment market database, a total of 616 companies in 2016 launched 773 new foreign investment enterprises in Arab countries with a […]
Amendments in African taxes
Here are the following reforms of tax implemented in Africa. The tax in Africa has undergone drastic changes. It has summarised as follows: Botswana On 27th July of 2017, Botswana and France amended the protocol in regards to the Botswana / France income tax treaty of 1999 in the city of Gaborone. Cameroon The Cameroonianfinance […]
The changing era of Saudi economic status
The international monetary fund (IMF) has quoted that Saudi Arabia has begun to show “a considerable progress in reforming its economy as part of the IMF vision of 2030 program announced in the year of 2016. According to IMF, the fiscal consideration is “beginning to bear fruit.” There has been an effort from the government […]
Singapore: a perfect launch pad for company formation
Singapore has become a favored destination for foreign companies for setting up a company. The foreign companies have two options in starting a business in Singapore. They can either set up a branch office or by registering a company in Singapore. The company so registered will be the subsidiary company of the parent company. There […]
Hong Kong, the home of the uber wealthy
Hong Kong, the top Asian city for the ultra wealthy. The poll is indicating the most number of ultra wealthy individuals with a (net worth of 30million or more) concentration in the world cities. Hong Kong has placed itself in the top spot before Tokyo. Hong Kong has the largest population of ultra net worth […]