Chinese overseas investment has recently begun to branch out from their traditional preferred sectors – energy, real estate and infrastructure – and into a variety of other sectors, including technology. Chinese investors have recently turned their attention to Indian startups and the Indian tech sector. According to Jessica Wong, investment director at mobile advertising firm…
His Royal Highness Crown Prince of Saudi Arabia is officially endorsing the conference and the Assistant Minister of Interior for Technology Affairs will deliver the opening speech November 6th, 2016 – The Kingdom of Saudi Arabia is diversifying its economy with a series of historic and bold policy changes, and preparing to achieve the milestones…
By: Jan Bart Schober and Lucia Sahin, tax advisors, Loyens & Loeff The pricing of services and goods between affiliated entities (transfer pricing) has a huge impact on the worldwide tax bill of multinational enterprises (MNEs). A typical example to reduce the effective global tax liability, is the payment of royalties, interest or other charges…
The world’s largest globally networked remittance and foreign exchange brand, UAE Exchange, has always been at the forefront of innovative and diversified products. As part of their growth strategy in 2012, UAE Exchange were seeking a logical solution to inventory and operational troubles faced by the industry, as they wanted to bring maximum convenience to…
Collinson Group, as gold sponsor at the Fintech Summit MENA, would like to invite you to take part in their prize draw to win one of 3 annual memberships to Priority Pass, the world’s largest independent VIP airport lounge access programme. Win annual membership to Priority Pass Simply visit their meeting space at the summit and…
China based conglomerate AUX Group has announced plans to seek health services investments in the US and Britain, according to recent reports. The company has 8.2 billion USD in total assets and was named among China’s top 500 enterprises. The announcement comes after AUX Group’s planned 2.7 billion AUD investment into Healthscope, the second-largest operator…
Tech companies around the world are among the many businesses benefiting from the recent flood of Chinese overseas direct investment. Tsinghua Holdings, a Chinese state-owned company, has recently disclosed an investment in Marvell Technology Group, a chip maker based in Silicon Valley. Although the size of the investment has not been specified, Tsinghua reported the…
By Jan Bart Schober, Partner, Loyens & Loeff It’s 2016; at least, according to the Gregorian calendar. Recently, the Islamic world celebrated Al Hijra, the Islamic New Year. According to the Islamic calendar, it is the year 1437. If you are a CFO of a multinational enterprise (MNE), however, it is the year 1984. 1984…
When oil prices went into freefall in the winter of 2015, bringing a dramatic end to 18 months of gradual depreciation, few could have predicted the full impact it would have on economies around the GCC. Initial optimism saw governments around the region predicting an initial 6-month readjustment period before oil prices returned to higher…
The oil price crash has had long-lasting and in some cases severe effects on GCC economies, with consequences ranging from reduced public spending to shelved development plans. In the private sector, it has all too often manifested in dwindling profit margins, forcing businesses to take the difficult decision to downsize their staff. According to Nuno…