Dubai levies 20% tax on foreign banks outside DIFC.

08 Mar 2024. Dubai has updated the law when it comes to the 20% tax on foreign banks operating in the emirate outside the DIFC. However, tax accountant Thomas Vanhee explains banks will NOT end up paying more tax, as federal bank tax will be deducted from it. We also speak to Agthia CEO Alan Smith about why they're seeing a 12% growth in revenue. Plus, we get reaction to the ECB's decision to keep rates at record highs with economist Dr Stefan Gerlach. And, on International Women’s Day, fund manager Heather Henyon tells us why all-female start-ups receive just 0.5% of regional Venture-Capital. See omnystudio.com/listener for privacy information.

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Daily highlights and exclusive interviews from Dubai's most informative news and business radio show. With a round-up of the day’s most important business stories, providing local content and context on the international issues that matter.Presented by Richard Dean & Brandy Scott.