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Hong Kong – Tax provisions in budget 2014- 2015

Hong Kong – Tax provisions in budget 2014- 2015

March 16, 2014 10:59 am

Among these are measures that will: Provide for legislation to permit private equity funds to benefit from tax exemption for offshore funds, with a consultation on proposals on introducing an open-ended fund company structure to commence in March 2014 Propose a review of the requirements provided for under the Inland Revenue Ordinance for purposes of […]

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Bank Results Highlight Strong Growth In Loans And Profits

Bank Results Highlight Strong Growth In Loans And Profits

March 5, 2014 2:19 pm

Improving economic dynamics seen supporting strong credit growth Dubai: The 2013 full-year financial results of the United Arab Emirate’s banking sector shows strong loan growth led by retail and consumer banking and enhanced profitability on the basis of sustained decline in non- performing loans and enhancing economic conditions. Banks in the United Arab Emirates had […]

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Rising Liquidity And Capital Adequacy Lifts Confidence In UAE Banks

Rising Liquidity And Capital Adequacy Lifts Confidence In UAE Banks

March 5, 2014 2:19 pm

Extensive liability management yields significant cost savings. Dubai: The UAE banks maintained a well capitalized state in 2013 with general capital adequacy ratio exceeding the requirements of the central bank. At the close of 2013, the Emirate’s NBD’s total capital adequacy ratio was 19.6 % and Tier 1 capital ratio was 15.3%. Throughout the year, […]

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BVI’s Foreign Investment Fourth Highest Globally In 2013

BVI’s Foreign Investment Fourth Highest Globally In 2013

March 5, 2014 2:19 pm

According to statistics released recently by UNCTAD (United Nations Conference on Trade and Development), the British Virgin Islands received more foreign investment last year than India and Brazil combined. In 2013, the Caribbean territory, home to close to 27,000 people, recorded USD 92bn in foreign direct investment. The figure ranks fourth highest in the world, […]

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