Zain Group has announced that its fintech subsidiary, Tamam Financing Company (Tamam), has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services across Saudi …
South Korean and China’s Shenzhen stocks surge in first trading day of 2021
Pacific were mostly higher on Monday as the first trading day of 2021 kicked off. Mainland Chinese stocks rose by the afternoon: The Shanghai composite gained 0.91% while the Shenzhen component soared …
Turkey: Mergers, acquisitions volume hit $9B in 2020
The volume of mergers and acquisitions (M&A) transactions in Turkey reached $9 billion in 2020, said audit and consulting giant Deloitte Turkey on Monday. Last year, the M&A volume increased by 70% on …
Oxford Economics projects Indonesia’s GDP to grow 6% in 2021
An Oxford Economics report has forecast that Indonesia’s GDP will grow 6 percent this year, significantly more optimistic than earlier projections that put growth at 4.4 percent to 4.5 percent.
Covid Pandemic Triggered Drop In Direct Taxes In 2020, Says Finance Secretary Pandey
Pandey also said buoyancy in Customs collection would be due to many factors, including the introduction of faceless assessment.
India Inc’s Budget Wish List Takes a Lesson From Covid-19 With Rare Health Spending Demand
The rare emphasis by these two business chambers on hiking health spend follows close on the heels of some MPs ticking off the government for inadequate health infra. A parliamentary standing …
India’s tax pie gets altered because of pandemic; share of direct taxes drops
India’s tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect …
How will fintech fare in Georgia’s Senate runoff?
The final outcome of the November election will be decided on Jan. 5 in Georgia, with the balance of power in the Senate at stake, as well as at least two years of financial services and technology …
Jordan- Hybrid vehicle fees hike by 5% in place per 2018 Cabinet decision-JFZIC
The Chairman of Jordan Free Zone Investor Commission (JFZIC), Mohammad Bustanji, said the rise on hybrid vehicles tax by 5% in 2021 was part of the Cabinet’s decision taken in June of 2018, which …
South Korea’s population shrinks for first time ever, with trend expected to worsen amid Covid-19
The fertility rate, already the lowest in the world, is expected to decline further amid the Covid-19 pandemic, as worries over unemployment and housing costs have deterred young people from starting …