16,500 millionaires are expected to leave the UK this year – the first time in a decade a European country tops global outflows
UK government
Latest in UK government
amnesty fines
Dubai real estate supply; Exclusive Salt Bae interview; Sheikh Hamdan announces well-being resort; UAE deportations; Kuwait announces holiday – 10 things you missed this week
Dubai real estate analysis, new well-being resort announced, Brits flock to the UAE, Kuwait announces holiday and more top news stories this week
High Net Worth Individuals
Middle-class Britons join wealth exodus to UAE amid UK economic uncertainty
The migration wave comes as Britain grapples with multiple challenges, including the planned abolition of non-dom tax status and broader economic uncertainty
Abu Dhabi
Side hustles in Dubai; UAE petrol prices; Saudi job localisation; Habtoor cancels Lebanon investments – 10 things you missed this week
UAE petrol prices, Dubai real estate analysis, Saudi job updates, how to get a side hustle and more top stories this week
High Net Worth Individuals
UK millionaires head for Dubai, Abu Dhabi despite attempts to slow exodus, experts say
Experts also called for a complete reversal of the planned amendments to the non-dom tax rules to make it easier for wealthy individuals to relocate to the UK, particularly in light of the Trump presidency
British government
UK set to create mega pension funds, boosting investment by £80bn
The move aims to pool assets of 86 local government pension schemes in England and Wales
foreign direct investment
The UK and the GCC: An economic growth partnership
As long-term partners, the UK and GCC know we must prioritise the policies and strategies that benefit our home economies
Electronic Travel Authorisation
New UK travel rules require US, EU citizens to buy permit for entry
The ETA system, introduced in November 2023, currently applies to nationals of Qatar, Bahrain, Kuwait, Oman, the United Arab Emirates, Saudi Arabia and Jordan
Britain parliament
Exit polls predict landslide victory for UK’s Labour Party
Exit polls project a historic Labour victory, dealing a crushing defeat to the Tories
Rishi Sunak
UK PM Rishi Sunak’s Conservatives set for heavy election defeat, polls show
Both Savanta and YouGov predicted that the Conservative party could be left with the lowest number of seats in its nearly 200-year history contesting elections
GEMS Education
GEMS education leaders meet with global schools expert Nick Gibb
Former UK Schools Minister Nick Gibb addresses GEMS Education leaders at Principals’ Conference in Dubai
UK General Election
Rishi Sunak announces UK General Election for July 4
UK prime minister announces general election for July 4
Saudi trade
Saudi Arabia and UK look to boost $99bn trade relationship
Saudi Arabia and UK hold high-level meetings as they aim to enhance $99bn trade partnership
April Fools
UAE, Qatar, Kuwait and Oman announce Eid holidays; Dubai plastic bag ban; petrol price increased; real estate analysis – 10 things you missed this week
The UAE, Qatar, Kuwait and Oman announce Eid holidays; Dubai plastic bag ban; petrol price revealed, real estate investment analysis and more of the top news stories this week
foreign investor
UK Inheritance Tax set for major shakeup
The proposed shakeup of centuries-old inheritance tax rules is set to have major repercussions across the UK, legal experts say
foreign investor
UK upends 200-year old rules: GCC residents need to be paying attention
The far-reaching consequences of the UK Budget should make all residents of the Arabian Gulf sit up
foreign direct investment
UK-GCC trade and investment to grow in 2024: Report
Though early-stage venture capital transactions tailed off, larger strategic deals and joint ventures rose in prominence according to the ‘Lumina Cross-Border Insights 2024’ report
