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Wednesday, 2 February 2022
Watch Digesting #UAE's Corporate Tax Plan - Bloomberg video
Watch Digesting UAE's Corporate Tax Plan - Bloomberg
Dubai stocks fell the most in the Middle East on February 1 after the United Arab Emirates unveiled that it will be taxing corporate earnings from next year. Moody's has weighed in, saying "the introduction of the 9% federal corporate tax is broadly credit negative for domestic UAE corporates because it will reduce their operating cash flows." Zainab Kufaishi, Head of Middle East and Africa and Senior Executive Officer at Invesco discusses the new tax plan, ESG investment and trends int he Islamic finance sector. She speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East." (Source: Bloomberg)
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