Category Archives: Economics

With the Oil Price Across the World...

horse racing

Since 2014, fluctuating oil prices have contributed to recessions and economic instability.  Dropping 70% from 2014 to 2016, the historic lows suggest that the global economy is in unchartered territory. Fortunately, we have recently seen small signs of recovery, with the oil price at the time of writing (September 2017) around $50 to the barrel. … Continue reading With the Oil Price Across the World Still Suppressed, What Impact Has This Had on the Global Economy, and More Specifically, the UAE

Construction in Dubai, and its Effe...

Vantage Points

With construction still rife in Dubai, there certainly seems to be a substantial increase in the supply of property. You would expect that demand would closely match this, as in recent years there has been a steady annual population growth of around 6%. Unfortunately, demand isn’t following suit – causing a large decrease in house … Continue reading Construction in Dubai, and its Effect on Property Prices

Gulf states set date for introducin...

VAT-Gulf-UAE

  The Gulf States have finally succumbed to raising taxes in a bid to repair their oil-ravaged finances. The six nations have agreed to introduce a value-added tax (VAT) on goods and services sometime in 2018. The leaders and finance ministers have discussed implementing the tax for some time, but the plunging price of oil … Continue reading Gulf states set date for introducing VAT

Financial Understanding

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 … Continue reading Financial Understanding

UK Financial sector determined to k...

Brexit-UK-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 … Continue reading UK Financial sector determined to keep EU passport

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