Canada, Switzerland See Stronger Growth
Economic growth in Canada and Switzerland beat expectations, but currency issues are causing analysts to urge caution for the future. In the fourth quarter of 2014, Canada saw GDP rise by 2.4% annualized, according to a statement by Statistics Canada issued on Tuesday. The growth was above expectations although slightly lower than third quarter growth, […]
Italy adds Monaco to list of recent Tax Deals
On March 2, Monaco and Italy signed a tax information exchange agreement (TIEA) based on the latest model agreement from the Organisation for Economic Co-operation and Development (OECD) and the treaties Italy has recently concluded with Switzerland and Liechtenstein. Signed by Italy’s Ambassador to Monaco, Antonio Morabito, and Monaco’s Minister for Foreign Affairs and Cooperation, […]
Recovering Egypt is ripe for investment
With Egypt’s economic conference barely a week away, anticipation about the opportunities it will unveil is high in the country as well as among foreign business communities. Those familiar with Egypt know that the scope for investing there is immense because expansions and improvements are needed in every economic sector. That is why the outcome […]
Eurozone business growth at 7-month high in Feb -PMI
Price cutting and weak euro boost activity London: Price cutting and a weaker currency helped Eurozone business activity accelerate in February, according to surveys published just before the European Central Bank embarks on a trillion-euro stimulus programme. Survey compiler Markit said the surveys pointed to first quarter GDP growth of 0.3 percent, the same as […]
Dubai top city in the Middle East for quality of living
City leads Mena region; alumni group picks Dubai as the most attractive place to live in Dubai: Dubai ranked first in the Middle East and Africa region for quality of living, according to a report released on Wednesday by human resources consultancy Mercer. The 2015 Quality of Living report, which ranks 230 cities, indicates that […]
Greece to Consider Tax on Wealthy
Greece’s new Finance Minister, Yanis Varoufakis, has said that Greece is considering an “extraordinary tax” on wealthy individuals to expand on the new left-wing Government’s revenue streams. The comments came during an interview with Greek television station SKAI TV on February 28. He said that the main objective would be to tax people “who have money, but […]
UAE ranked third on Islamic Growth Markets Investment Index
Report ranks countries investment potential relative to other countries within the Organisation of Islamic Cooperation Manama: The UAE was ranked third on the inaugural 2015 Islamic Growth Markets Investments Index, which ranks countries’ investment potential relative to other members within the Organisation of Islamic Cooperation (OIC). The report was released today by Thomson Reuters in […]
EFTA States, Turkey Discuss Expanding FTA
From February 25 to 27, 2015, delegates from the European Free Trade Association (EFTA) states and Turkey met in Geneva for a second round of negotiations on the modernization and expansion of their existing free trade agreement (FTA). According to a statement from EFTA – comprising Switzerland, Iceland, Liechtenstein, and Norway – the two sides […]
Egypt on the path of economic recovery, economist says
Chief economic adviser at Allianz says the investment climate in the country is improving Abu Dhabi: Investment climate in Egypt is improving and the country will be back on economic recovery if the new policies for the economic growth are implemented, chief economic adviser of Allianz, a multinational financial services company said. “Architects have provided […]
Colombia seeking more equitable Tax Regime
Colombia’s Minister of Finance, Mauricio Cárdenas, announced on February 24, 2015, that a committee of experts has been set up by the Government to study ways to improve the competitiveness of the country’s tax system and make it more equitable. The nine-member committee will study existing tax benefits and will make recommendations for streamlining the […]