Middle East
Middle East | 21 Aug 17
Some workers exempted from Saudi expat tax
All contractors working on public sector projects that started before December 2016, when the levy was first announced, will be exempt from paying the expat workers’ tax.
Middle East | 18 Aug 17
Over 700,000 expats leave Saudi ahead of visa crackdown
An amnesty for expats working and living in Saudi Arabia illegally has seen more than 700,000 people take advantage of the scheme that will allow them to return legally in future, as the government prepares to track down those who opted to stay.
Middle East | 17 Aug 17
Abu Dhabi creates foundations framework for wealth management
Abu Dhabi Global Market (ADGM), the financial free zone in the capital of the UAE, has launched of a new legal structure to support the growth of its wealth management industry.
Cost of one child’s education in UAE hits AED1m
The cost of putting one child through education from pre-school through to university could reach almost AED1m (£211,456, $272,241, €232,584)for families in the United Arab Emirates (UAE), research from Zurich – Middle East shows.
OMI posts sharp rise in Middle East client inflows
Old Mutual International, the offshore arm of Old Mutual Wealth, has seen striking growth in cash inflows from clients in the Middle East during the first half of 2017, according to interim results posted on Friday.