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Finance
Dubai Doubles Salary Limit for Family Sponsorship on Visitor Visas
Dubai has upped the wage cap for sponsoring family members on tourist visas. A monthly wage of 8,000 dirhams and personal accommodation are now needed. The move attempts to assure…
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Bank of England Faces Tough Decisions as Inflation Looms
UK homeowners and renters face financial strain as the Bank of England prepares to raise interest rates to tackle inflation. With record wage growth, the pressure mounts on the…
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UAE extends NRI unemployment insurance deadline
Emiratisation and Human Resources Minister has extended the deadline for non-members to enrol in the unemployment insurance system until October 1, offering additional time to…
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Exodus of Wealth: 6,500 Millionaires Leaving India in 2023
In 2023, 6,500 high-net-worth individuals (HNWIs) are expected to leave India, while China leads in HNWI outflows. Australia, UAE, Singapore, US, and Switzerland are favored…
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New York City Claims First Place on Cost-of-Living Index
New York City has dethroned Hong Kong as the most expensive city to live in, according to a report by ECA International. Factors such as skyrocketing living costs and inflation…
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Premium Processing Extension for F, M, and J Visa Change Seekers in the US
The US has extended premium processing for individuals seeking to change their visa status to F, M, or J visas. Biometric submission is mandatory, and requests cannot be combined…
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Strong Influx of Foreign Funds Energizes Indian Real Estate Market
Foreign institutional inflows into the Indian real estate sector tripled to $26.6 billion between 2017 and 2022, attributed to policy reforms. High-net-worth individuals and NRIs…
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Inheritance Tax at 40%: Critics Accuse UK Government of Inhumane Taxation
The UK's 40% inheritance tax is attracting criticism for being harsh, forcing British expats to fear returning. Critics claim it's wrong to tax assets posthumously, obtained via…
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FDI Surge: Indian Government Opens Doors to Foreign Investors
The Indian government has raised the FDI limit in the e-commerce marketplace model to attract foreign players. This has led to increased FDI to the US, with 160 Indian companies…
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Youngest Indian Billionaire Pledges Half His Wealth to Charity
Nikhil Kamath, co-founder of Zerodha, has become India's youngest millionaire to join 'The Giving Pledge', promising to give half of his Status to charitable causes. This…
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