Insights
UK Financial sector determined to keep EU passport
Britain’s financial sector is working hard to not lose EU passporting after the vote to leave the EU. Lord Mayor of the City of London said on Friday. “I think we’re determined that we won’t,” lose passporting rights. The ambassador and UK financial service representative said that it’s clear that we want to stay…
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The stunning collapse of the British pound
Further to the recent Brexit referendum the pound has plummeted against other currencies. So how much lower can it go? Here are some of the more bearish, or pessimistic, forecasts. Below parity Jim Rogers, investor and chairman of Rogers Holdings: “It is going to go down a lot,” he told the BBC in an…
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After Brexit UK consumers ditch the spending plans
After the shock vote to leave EU are ditching plans to buy properties, homes and they are looking to work abroad. State agent hart told that the 11% rise in the number of people selling their property as compare to the June 2015. According to the Indeed people are more looking for their jobs…
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Saudi Arabia Floats Income Tax For Expats
Thousands of well-paid expats in Saudi Arabia may have to pay income tax in the future as the government mulls ways of raising money to plug a massive budget deficit. Taxing expats incomes is one proposal before policy makers. Around a third of Saudi Arabia’s population of 30 million are expats. Most of the labour force…
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Asset Management the key of Economic Growth
What actually the asset management is? And why the companies are offering asset management? What is its role in economic growth of a country? These questions are very important for a company to be answered. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively. The term is…
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Drop In Oil Prices
Drop In Oil Prices Undermines Gulf EconomiesTwo more Gulf States are taking emergency action to plug budget black holes after close to two years of uncertain oil prices. The government in Qatar is ready to run a budget deficit for at least three years as lower oil and gas prices have seen the country’s finances tumble…
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