Friday, Jul 31, 2026

International Finance

Category : Economy

Economy

Saudi Arabia mulling over income tax on expats

International Finance Desk
by International Finance Desk
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
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Economy

UBS may shift its base outside the UK

International Finance Desk
by International Finance Desk
Banks worry about losing passporting rights IFM Correspondent July 14, 2016: With uncertainty looming large post-Brexit, some banks may shift their headquarters and offices outside London. Andrea Orcel, president of UBS Investment bank, has warned that it is considering moving its staff to a European country, following the UK’s vote to leave the EU. UBS,...
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Economy

Brexit presents big opportunities for the UK

International Finance Desk
by International Finance Desk
It will now be able to embrace more market-friendly policies Suparna Goswami Bhattacharya  July 13, 2016: While many of us would like to believe that the UK is in a mess, thanks to Brexit, what we all tend to ignore is the upside opportunities that Britain will now have. There are legitimate reasons to believe that...
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Economy

UAE National Committee for the WTO holds meeting in Abu Dhabi

International Finance Desk
by International Finance Desk
Discusses outcomes of ministerial meeting and trade policy review results July 13, 2016: The UAE National Committee for the World Trade Organization recently held its seventh meeting at the headquarters of the Ministry of Economy in Abu Dhabi which was chaired by H.E. Eng. Sultan Bin Saeed Al Mansouri, Minister of Economy. The meeting was...
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Economy

Surf Air comes to Europe

International Finance Desk
by International Finance Desk
The membership airline club will offer European travellers smart and affordable travels July 12, 2016: Surf Air, the all-you-can-fly membership club, announced the launch of its European operations, offering unlimited air travel to businesses and consumers for a monthly fee from October onwards. Travelling aboard a state of the art executive jet, Surf Air routes...
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Economy

Greenspan, gold, and the banality of evil

International Finance Desk
by International Finance Desk
The former chairman of the US Fed is warning against an inevitable crisis resulting from the very policies he helped implement Stefan Gleason  July 12, 2016: Under certain circumstances, seemingly decent human beings are capable of horrific things.So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into...
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Economy

Milltrust appoints SEDCO Capital for its MENA UCITS Fund

International Finance Desk
by International Finance Desk
Fund aims to achieve returns for international institutional investors July 11, 2016: Milltrust International, an emerging-markets-focused asset manager has awarded SEDCO Capital, a leading global asset management firm based in Saudi Arabia, with the mandate to manage the Milltrust SEDCO MENA Fund. The Fund aims to achieve long term returns for international institutional investors by investing...
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Economy

Post-Brexit, BoE may cut interest rate

International Finance Desk
by International Finance Desk
Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...
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Economy

Turner & Townsend opens new hub in Kenya

International Finance Desk
by International Finance Desk
Company is involved in more than 40 projects across Africa July 5, 2016: Global professional services consultancy Turner & Townsend has opened an office in Kenya as the country sees solid economic growth, with the outlook for continued investment in infrastructure and construction. The company is currently involved in more than 40 projects across Africa,...
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Economy

Iran sees record FDI

International Finance Desk
by International Finance Desk
Climbs three rankings with a market share of 11.11 percent among Middle East nations IFM Correspondent June 30, 2016: The volume of foreign direct investment (FDI) in Iran has reached the highest level in years since lifting of sanctions in January this year. Data from fDi Markets, an FT service that monitors cross-border greenfield investment,...
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