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Tax Tips From Cooperating Witness In Record $2B Tax Evasion Case
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The United Arab Emiratesâ green digitization vision The COVID-19 pandemic has revealed the need for sustainable digitization of the economy, and the UAE is accepting the challenge. 9490 Total views Expert Take
The United Arab Emirates is the worldâs sixth-largest oil producer and one of the richest countries in the world, with a gross domestic product per capita of above $43,000 as of 2019, according to the World Bank. As per its âVision 2021,â Iis petroleum- and natural-gas-reliant economy is committed to sustainable development in order to emerge as the Gulf Cooperation Councilâs, or GCCâs, most diversified economy. This includes the digitization of the economy, which has become a priority during the COVID-19 pandemic.Â
The year to 30 November 2020 has been one of considerable challenge, dominated by the outbreak of COVID-19, which has had an unparalleled impact on the economy and our society. Our thoughts are with all those who have been affected by the crisis.
Despite the wide-reaching disruption caused by the pandemic, it is encouraging to report that your Company has generated a modest uplift in NAV total return at the year end to 144.44p per share. This reflects a significant recovery following the revaluation of the portfolio that was announced on 26 March 2020, when a small number of specific provisions were taken against those companies that were most immediately impacted by the economic disruption caused by the pandemic. Notwithstanding the market conditions, this has been a year of progress during which £10.5 million has been invested across a range of carefully selected new private and AIM quoted companies, alongside the provision of follow-on funding to support the continuing g
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