Turkey adopted an asset ratio rule in response to the pandemic forcing private banks to lend more and buy more government bonds, while its sovereign wealth fund injected 21 billion lira ($3 billion) into state banks.
Much like other free zones operating in the emirate, the ‘Dubai Commercity’ will offer benefits such as no corporate tax, no income tax, 100 percent foreign ownership, full repatriation of capital and profit, and no currency restrictions.
The FSDP will achieve this ambition by enabling financial institutions to support private sector growth, ensuring the formation of an advanced capital market, and promoting and enabling financial planning, without impeding the strategic objectives intende
Security professionals across the Middle East must educate employees about the rise in coronavirus-related cybercrime and how to avoid placing their organisation at risk, says Werno Gevers, cybersecurity specialist, Mimecast.
As well as staying at home, social distancing also applies to publicly shared devices, like point of sale terminals and checkout counters.
Those in travel, real estate, hospitality to feel maximum impact, Dubai Chamber poll finds