Economics
Financial Understanding
Money matters too complicated for most adults While pensions, tax, and money matters are becoming ever more complicated, fewer ordinary people understand their finances. Research in the UK and the USA reveal that financial understanding is quite low and that providers and governments need to spend more money on education, rather than offering ever easier…
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End of Service Benefits for Middle East
Zurich International and Insight Discovery have recently facilitated a roundtable discussion with business leaders to discuss the increasing burden of managing EOSB and how the landscape is likely to change in the years ahead. With expatriate employees staying longer in the region and the rate of salary exceeding expectations, the legal obligation of providing…
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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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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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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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