Uncategorized

UAE’s strategic assets gain backup as DP world and CDPQ assures US $5 billion investment

UAE’s strategic assets gain backup as DP world and CDPQ assures US $5 billion investment

DP World, an Emirati multinational logistics company based in Dubai, United Arab Emirates, that operates world-scale port terminals, and the Canadian institutional investor — Caisse de dépôt et placement du Québec (CDPQ) declared an investment of $5 billion in 3 powerhouses of DP World’s flagship assets belonging to UAE. The three flagship assets in question…

Tax havens used by European Banks for profits

Tax havens used by European Banks for profits

Top banks in Europe to book chunks of profits, continue to use tax havens. This is a trend that has changed little since 2014. Even though, country-by-country disclosures becoming mandatory, the EU Tax Observatory reported this. The independent research body, which is co-financed by the European Union, said that the disclosures which are from 36 major…