South Africans living and working in no and low tax jurisdictions will no longer be exempt from paying tax on their overseas earnings from March 2019 under proposals from the country’s Revenue Services (Sars).
Life insurer Old Mutual International (OMI) has launched an offshore bond for advisers in the Middle East and Africa as part of a revamp of its global offshore bond range.
A Saudi Arabian expat amnesty that allows undocumented workers and residents to leave the country without facing any penalties has prompted a rush as people try to take advantage of the offer before it expires on Monday.
Following his shock dismissal as Praemium chief executive, Michael Ohanessian launched a successful fightback that saw him not only win back his job but also oust the board that sacked him. Here he talks exclusively to International Adviser about what happened and his plans for the future.
Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.
More than 570,000 expats have left Saudi Arabia by taking advantage of an amnesty offered by the government that aims to make the Kingdom ‘violator free’ by 25 July.
A professional body granting qualifications for competence and ethical behaviour in the financial advisory sector has announced the recipients of its awards aimed at rewarding financial literacy among university students.
Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.
More than 50 arrested people have denied charges of conducting the biggest scam in Abu Dhabi history, which allegedly swindled more than 2,000 investors out of AED800m (£172m, $218m, €195m).
Expats living in Saudi Arabia have voiced concerns over the newly-introduced ‘family tax’ amid reports the online system set up to collect the payment continues to suffer from computer glitches.
Expats living in Saudi Arabia will have to pay the newly-introduced ‘family tax’ upfront if they want to leave the Kingdom for any reason, the government has confirmed.
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
