Economics

financial-understanding
Financial PlanningFund ManagementEconomics
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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gratuity
Economics
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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Brexit-UK-EU-Passport
Market UpdateEconomics
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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brexit
Financial PlanningEconomics
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-tax
Tax PlanningEconomics
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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oil-price-drop
Market UpdateEconomics
Drop In Oil Prices

Drop In Oil Prices Undermines Gulf Economies Two 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…

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