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UAE to allow full foreign ownership of firms 20th May, 2021 10:31:32 ABU DHABI: The United Arab Emirates announced Wednesday it will lift a cap on non-local ownership and allow full foreign control of business ventures from June 1, The reform, originally flagged in 2019, will make it easier to do business in the Gulf state and encourage investment, the economy ministry said. “The amended Commercial Companies Law aims at boosting the country’s competitive edge and is a part of UAE government efforts to facilitate doing business,” said Economy Minister Abdulla bin Touq al-Marri, reports A...

By siliconindia  |  Friday, 05 February 2021, 08:38 Hrs The Reserve Bank has proposed to allow the NBFC sector to avail the benefit of its 'TLTRO on Tap' scheme. The scheme provides liquidity support for revival of activity in specific sectors that have both backward and forward linkages and having multiplier effects on growth. "Given that NBFCs are well recognised conduits for reaching out last mile credit and act as a force multiplier in expanding credit to various sectors, it is now proposed to provide funds from banks under the 'TLTRO on Tap' scheme ...