Chinese VC firm invests 1 million USD in joint global healthcare venture

I-Bridge Capital, a health-care focused venture capital firm and incubator based in Shanghai, has announced the establishment of a joint venture with BioLineRx Ltd., a drug company based in Israel. The venture will incubate healthcare startups, in order to develop innovative clinical and pre-clinical therapeutic projects. Though these projects will originate primarily in Israel, they…

VAT: Preparing for the new tax regime

Following the historic decision by GCC member states to adopt value added tax (VAT) on January 1st 2018, regional businesses are scrambling to determine exactly what the tax will mean for them. For regional CFOs, the introduction of VAT within the GCC marks the beginning of a new era in financial reporting, and therefore a…