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Tsipras to Present New Plan at Eurozone Summit

7/7/2015

Greek Prime Minister Alexis Tsipras is expected to present new proposals at a Eurozone emergency summit on his country’s growing debt crisis.

Greek Prime Minister Alexis Tsipras is expected to present new proposals at a Eurozone emergency summit on his country’s growing debt crisis. The plan is to include a demand for the debt to be cut by up to 30%, after voters rejected the terms of an international bailout. While Greece’s banks are to still stay closed.

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Insurance Coverage for the Unemployed in The UAE – January 2023

His Excellency Dr. Al Awar, Minister of Human Resources and Emiratisation on 12 May 2022, introduced adoption of new Federal Law on the unemployment insurance scheme through insurance packages, from January 2023 to employees of all nationalities.

Borrowers and Credit Card Holders Beware!

On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.

Small Business Owners, Rejoice!

The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.

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Motei & Associates
Damac Executive Heights (TECOM)
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P.O. Box: 112888 | Dubai, UAE