Since June, Hong Kong has seen unprecedented protests, larger and more frequent than any in the country’s recent history. We have increased the hardship scoring of Hong Kong in response to the rise in political volatility.
Initial costs of renting in England became cheaper last month as the Tenant Fees Act came into effect. While a ban to tenant fees has been discussed for a few years, the current legislation wasn’t finalized and passed until February. Scotland banned letting fees in 2012, and Wales is expected to pass a similar ban this fall.
In the last two weeks, Hong Kong has seen some of the largest protests in its history as citizens and residents have taken to the streets to protest a proposed extradition bill. Demonstrations have been centered around Admiralty and the surrounding areas of Central and Wan Chai.
The GCC and collective tax reforms: Gulf Cooperation Council (GCC) member countries first agreed to collective tax reforms in 2016, including directives to implement a VAT of 5%, as well as excise taxes, also known as selective taxes, and commonly referred to as “sin taxes.”
While on the roads in Abu Dhabi and Dubai, you’re as likely to pass delivery-laden motor scooters as you are Lamborghinis, and all enjoy the smooth, well organized road systems in the country. Much of the urban areas of the United Arab Emirates are new compared to other major cities in the world and have benefitted from superior construction technology and modern planning philosophies not available in past decades.
In my travels in the Middle East, ongoing construction has been a consistent sight, with plentiful cranes part of every skyline. While new skyscrapers and stadiums can be the most visible landmarks of expanding Gulf cities, the transportation infrastructure can’t be overlooked in its ability to transform daily life.
Over twenty countries have published double-digit annual inflation in the categories of alcohol and/or tobacco over the past three months.
The rental housing market in Abu Dhabi is coming steadily down due to the high number of quality new properties that have come on the market, as well as fewer expatriate arrivals.
The economy of Venezuela continues to be one of the most volatile in the world. On Friday, August 17, President Nicolas Maduro announced the devaluation of the Bolivar Fuerte (VEF) from about 250,000 to 6,000,000 VEF to 1 USD.
Like many import-dependent, petroleum-exporting countries, Algeria has experienced reduced revenues and a trade imbalance since the global drop in oil prices in 2014. Beyond increasing gas prices and consumption taxes, the country is now taking a more drastic measure