Qatar has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters of the OECD. The Convention was signed by H.E. Khalid Bin Rashid Al-Mansouri, Ambassador of Qatar to France in the presence of the MR Masamichi Kono, Deputy Secretary-General of the OECD on the 10/11/2017 in Paris.   Qatar became the 115th jurisdiction […]

Hellenic Bank has appointed Youssef A. Nasr, a Lebanese-born US citizen and former HSBC banker as chairman of its board of directors. His appointment is subject to approval by the Central Bank and will take effect once the Board position becomes available. The 63-year old Nasr was working at HSBC for 34 years, from 1976 […]

Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints. The notional tax deduction in Cyprus enables businesses to deleverage and realise a tax efficient return […]

RiseUp: The MENA region’s largest innovation and entrepreneurship summit (1-3 December 2017) RiseUp is the MENA region’s largest innovation and start-up summit organized annually in Downtown Cairo, Egypt. This year the 3 days event will take place on 1-3 December and will focus on three main themes: creativity, capital and technology. This is the 5th […]

After an economic boom in 2016, hitting 2,9%, the economy of Cyprus continues its upwards trend, expanding by 3,8% in 2017. The highest growth was seen during the Q2 2017, where the annual growth hit 4%. While Q1 2017 showed a growth of 3,8%, expansion of Cyprus’ economy reached Q3 2017 was 3,9%. The figures […]

The 5th Energy Symposium was organized jointly by the Institute of Energy for South-East Europe (IENE) and FMW Financial Media Way with a special theme ‘Cyprus Europe’s new energy gate’ on the 1st of November in Nicosia. Cyprus was praised by Costis Stambolis, excutive director of IENE on the achievements of its exploration programme, and […]