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The Reserve Bank of India (RBI) has allowed international investors to access the currency futures market for hedging their currency risks while also partially reversing the restrictions put last year on banks proprietary trading in the exchange traded currency futures. The central bank said foreign...

India and Cyprus entered into a DTA on December 21, 1994.The Indian Government invoked powers to levy a 30% withholding tax on payments to persons located in Cyprus under Section 94A of the Indian Income Tax Act (ITA) 1961. This was after the Indian Government...

OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has issued 12 new reports which assess jurisdictions’ legal and regulatory framework for information exchange and transparency. Due to these reviews, Saudi Arabia Columbia and Latvia meet the qualification standards of the next...

According to the Institute of International Finance (IIF) solid fundamentals and non-oil sectors drive GDP growth. The UAE economy grew 4.7% in 2013, supported by higher oil production. This growth trend is forecast to continue into 2014 supported by strong non-hydrocarbon growth.   The IIF economists have...

According to a report by the Swiss-based International Institute for Management Development the United Arab Emirates has the most efficient government, the strongest decision-making and the lightest bureaucracy in the Global. The World Competitiveness Yearbook 2014 also ranks the UAE as number one globally for...