Wednesday 16 January 2019

Saudisation ‘will support economic growth’

Saudisation will support economic growth and although the SR2,400 ($640) levy on foreign employees in excess of locals will cause short-term margin pressures, it will result in long-term gains, a report said. “We believe Sau


Bahrain Shura rejects bid to end wages levy

Bahrain's Shura Council has rejected a proposal to end a one per cent deduction from the salaries of public and private sector workers, a report said. The deduction is part of the insurance against unemployment scheme, which w


UK to raise $4 billion with bank levy

Britain said it expected to raise about GBP2.5 billion ($4 billion) a year by 2012-13 from a permanent tax on British and overseas banks' balance sheets. Britain has introduced the tax saying banks should make 'a fair contribution&


UK plans banking levy; bonus curbs

Britain's new government said on Thursday it planned to introduce a banking levy and rein in bonuses in the financial services sector as it set out its detailed coalition agreement.    Fleshing out a programme first ske

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