Lebanon – Economic and financial market overview PUBLISHED ON 24/07/2017
Despite the global and regional economic challenges Lebanon has maintained its financial stability over the past quarter century. The financial sector, especially the banking sector has grown rapidly over the past years. The Lebanese banking sector could maintain its profitability and growth despite the domestic shocks and surrounding turmoil. In 2016 the total assets […]
EBRD will operate in Lebanon as its new shareholder PUBLISHED ON 19/07/2017
EBRD’s shareholders approved the membership of Lebanon to become a recipient of EBRD investments and advisory services. They expect to start the operations in the second quarter of 2017. EBRD has been investing in 4 countries of the southern and eastern Mediterranean region since 2012. Lebanon is the 5th member country of the EBRD. The […]
Cyprus Tax Residence status for individuals by the 60 Days Rule PUBLISHED ON 18/07/2017
The Parliament of Cyprus has approved by common consent the proposal of amending the rules for determining tax residency of individuals in Cyprus. Under the currently existing (to be revised) law individuals were considered as tax resident in Cyprus if they were physically present for at least 183 days per year. According to the new […]
NIOC and Toyo signed MoU to develop oilfield project of Iran PUBLISHED ON 18/07/2017
A Memorandum of Understanding was signed on Monday 17 July in Tehran by Gholamreza Manouchehri, Deputy Managing Director of NIOC, Hamid Akbari, CEO of Petropars and Hiroshi Sato, Toyo’s Director of Energy Business Unit, aiming to renew the Salman oil and gas field’s facilities and to boost production. The Salman field is located in the Persian […]
