The global economic crisis in 2008 had a great impact on the U.A.E. Several banks reported that there were high non-performing loans from 2009 to 2011. Thankfully, the economy recovered well and quickly after the financial meltdown. The reason that the U.A.E. could recover so quickly, was because they immediately set up an additional liquidity facility of around 14 billion dollars, which was available to the banks should they need it, but was luckily not really used. This crucial move stabilized the banks, and prevented further repercussions from the financial crisis. With the proactive steps taken by the government, as well as the blessing of natural crude oil, the economy of the U.A.E was able to bounce back quite effortlessly from what seemed like complete bankruptcy to most people.
There are around 23 local banks in the U.A.E., as well as 28 foreign banks operating there. These banks also have special Islamic banking, which has become increasingly famous in recent years. There are different kinds of accounts available, and foreigners have the option of opening their bank accounts either in the local currency, or in a foreign currency. Almost all the banks in the U.A.E. allow their customers to avail of personal Internet banking. The country in general is technologically savvy, and almost everything can be done over the web. Apart form this, all banks have ATM facilities, and customers of one bank can use the ATM of another bank. There is also a number of business banking facilities available to the large number of businessmen in the country. Current account holders can make cheque payments for all of their day-to-day expenses. Based on the credit of the account holder, overdraft facilities are also available to current account holders.
Whether you having personal or corporate banking needs, the banks in the U.A.E. are more than capable of helping you reach your goals. Even though they did meet with a slight set back due to the financial crisis, they have showed great power in being able to recover so fast, when most of the world is still reeling from the aftermath of the economic meltdown. The Central Bank of the U.A.E. has laid down several guidelines in 2011 to regulate loans and other banking services offered to individuals in an attempt to control all the banking to ensure stability. The export of oil from the entire gulf region has doubled since the year 2009. They exports have now reached 1 trillion Dollars. It is expected that by 2020, the figure will reach 2 trillion Dollars. With such promising figures, it is evident that the banking sector in the U.A.E. is really very strong.
Invention and entrepreneurship are concepts that are synonymous with Scotland. Scotland has a long standing tradition of producing world renowned inventors and entrepreneurs. The invention of the steam engine, television and penicillin can all be attributed to Scottish inventors and in this article I would like to highlight some of the most famous Scottish entrepreneurs of recent years.
Sir Arnold Clark grew up in Glasgow and joined the RAF in 1944, aged 17. He rose quickly through the ranks eventually becoming a Corporal and a Motor Mechanics Instructor. Upon leaving the RAF, Clark began buying and selling cars, and opened his first showroom in 1954 in Glasgows Park Road. Arnold Clark Automobiles is now the largest car dealership in Scotland, with over 145 car dealerships throughout the UK.
Michelle Mone OBE is the co-owner of MJM International and creator of Ultimo. She grew up in Glasgow and began her corporate career with Labatt Brewers. She rose quickly through the company and was running the Sales and Marketing department by the time she was 20. In 1996, came up with the idea to create Ultimo after wearing an uncomfortable bra to a dinner dance. Today Ultimo is one of the UKs leading designer lingerie brands.
Sir David Murray
Sir David Murray was born in Ayr in 1954 and educated at Ayr Academy, Fettes College and Broughton high School. By the age of 23 Murray had set up the metal company, Murray International Metals Limited. The Murray Group has expanded to include a wide range of industries including property, call centres, venture capital and mining.
Sir Brian Souter
Sir Brian Souter is another famous Scottish entrepreneur. Sir Brian Souter started his working life as student bus conductor while studying at University. Upon finishing University, Sir Brian Souter began working with Arthur Andersen, a leading chartered accountancy firm. In 1980, using his fathers redundancy money, Sir Brian Souter established Stagecoach Group with his sister. Thirty years later Stagecoach is one the largest transport companies in the world with 13,000 buses, coaches, trains and trams, employing over 30,000 employees worldwide. Sir Brian Souter also founded Souter Investments and the Souter Charitable Trust.
Most of the time, we live our lives and never even think twice about what items we are using every day and who makes them. Big companies commonly employ workers in other countries where labor is cheaper and workers have fewer rights in the workplace. As market demands increase so does the profit to the company. The Fair Trade campaign is designed to help people who care about where their products come from become more aware.
Even though a variety of laws exist that relate to Fair Trade issues, it is essentially a social campaign that fights for improved trading conditions in 3rd world nations. The fair trade movement creates policies against prison labor, child labor and the use of workers who are being forced to work against their will. At the same time the fair trade movement seeks to encourage environmentally responsible and sustainable production as well as fair pay to workers. Thanks to this movement, workers in 3rd world nations are getting more money for the jobs they do, which means they can better support their loved ones and contribute to an improving economic situation in their immediate areas.
More and more items are becoming available under the Fair Trade movement thanks to better awareness and increased desire for products that have been ethically manufactured. The major products that are currently manufactured include alcoholic beverages, tea, coffee, grocery products, and cotton-based products such as shirts and sheets. Even though the world economy took a hit, the sales of certified Fair Trade products went up about twenty percent last year despite being only a fraction of the consumer goods created around the globe.
Purchasing a fair trade t shirt, for example, is going to be a bit more expensive, but they are of superior quality, which makes them extremely durable. They are completely opposite of the cheap, mass-produced shirts that must be replaced on a regular basis. The positives of Fair Trade clothes are extremely numerous, while the negatives are few.
When buyers buy fair trade goods, the goal is to protect the producers in developing countries against the instability of market prices. A portion of profits generated from manufacturing is used to construct services for local communities like medical, educational, and environmental projects with the hope of breaking the cycle of poverty in these areas.
In addition, the movement is committed to promoting environmentally friendly merchandise, making use of organic materials and sustainable textiles. Conventional cotton production wastes huge amounts of natural resources, relies on the heavy use of harmful chemicals, and has a negative impact on the health of the workers and also the local environment. Fair Trade production is working towards much more sustainable practices that enhance the atmosphere.
As customers, we can make far better socially conscious choices by buying goods manufactured with fair trade principles. As this motion in the direction of ethical commerce grows, everybody comes out as a winner.
For the business user, the main advantages to working in a company that has an exchange server are:
1. File sharing
2. Access to email from any configured computer
3. Contacts access
4. calendar syncrhonized and shared between all employees
Essentially it means the office worker can use any configured computer to access his or her files, emails and calendar. The company will often configure a laptop and provide remote access so the member of staff can also work from home or while travelling and still have complete access.
The problem with this kind of product when it comes to a small or mid sized company, is that it requires someone to manage it and there is a huge cost, in terms of both initial cost and ongoing expenses.
So if you manage a small business and you want your employees to have a high level of flexibility i.e. to be able to telework or while travelling, or even to hotdesk at the office, you will need an exchange substitute.
There are two alternatives which will offer you many of the features of Exchange without the expenditure.
The first is a hosted exchange server. The second is the Easy-Email synchronization solution plus file synchronization software.
A Hosted Exchange server is a great solution. You get almost all the advantages but you are spared the resource cost and management time. You simply pay according to the number of users. This allows for quick expansion so as the business grows you just increase a user.
Easy-Email is a fabulous alternative for small firms.
Its an email sync answer set out in the form of a series of guides that you, or an IT professional you hire, can follow. It will sync a users mail and contacts on their desktop, laptop, home computer, pda or netbook. In addition it will allow them to manage their email from any other computer via Gmail.
The Easy-Email solution is incredibly good value compared to any other alternative solutions It’s just $67 US for the Advanced Guide to Outlook and you can get all of your staff set up for this fee!
The disadvantage in comparison with exchange is that there is at present no shared calendar so you will need to use a google calendar or similar.
And in terms of shared files and folders its really simple. Set up Dropbox. Dropbox provides you with a system of shared folders that are all automatically sync’d via the internet but they are also stored on the computer so you dont have to be online to access the files. You can select which people have access to which folders and the first 2GB of storage space is free (and it’s very reasonable after that).
Once a homeowner is behind on their mortgage payment, they can expect a lot of harassing calls from their bank. Unfortunately, that isnt the worst of it.
The difficult part for the homeowner is that once you get more than 30 days late the bank requires full payment of all monies in arrears. So lets say a person hasnt made a payment for a couple of months and you manage to scrape together the 2 months mortgage payments of $4,000 and you call your bank to let them know the good news. But what you hear is the bank saying “Hey you know that $2,000 monthly mortgage and you know how you owe us 2 months worth of payments, right? Well you actually owe us $4,500 because youre two payments late and were not going to accept anything less than full payment on all monies that are past due. Oh, and by the way there are some penalties and fees and things were going to add onto that, so thats why you need to send us $4,500 to get back in our good graces. If you dont send us this amount, were going to go forward with foreclosure proceedings and take your home from you.”
And rightly so, that freaks people out. Most families typically cant come up with two or three or four times their monthly payment in one lump sum. If they try to send monies in that are anything less than that full lump sum amount, the bank will usually, quite literally, send the person the check back. If the person says, “Hey all I can do is come up with one month payment. Ill send you the $2,000 plus fees, so Im going to send you $2,400.” and they send in the check and the bank is more than likely not going to cash it and they will send it back to the homeowner.
With the banks refusing to take partial payments the bank will then often proceed into the next stage of the foreclosure process. Typically after 3 or 4 months that have gone by without a payment, the bank at that point is going to legally file against the homeowner and submit a legal document to the homeowners county recorders office. The document is what is called a Notice of Default (NOD). This takes the homeowner one big step closer to losing their home.
Secret offshore bank accounts are the stuff of legend. This article intends to debunk some of the myths about secret offshore banking by setting out what is and isn’t possible.
1) It’s impossible to open an offshore bank account without first somehow identifying yourself. This means sending a notarized copy of your bank account/passport details to the bank or intermediary.
2) Most offshore banks will also require a reference from a bank at home.
3) If you open an offshore account in the name of your offshore company, you still need to provide all the formation documents, and the name and address of a real person. No bank will let a faceless entity open an account without pinning it down to a real person.
So how is it Secret?
Well, the reasoning behind all this, is that if you open an offshore account the bank may let you have a ‘number’ rather than a name. This so called ‘numbered account’ allows you to send wire transfers without third parties knowing who you are. An account in the name of a company will do a similar thing, allowing you to send and receive payments almost anonymously, because the company name rather yours will show up on all transactions.
The problem is, this doesn’t shield you from government inquiries. If for example a government authority suspects you of having an undeclared offshore account, that you are hiding money from your spouse or otherwise engaged in funny business they can go to the country or bank in question and request your details. While some countries will reject the majority of these requests others are more pliant.
Switzerland and the Cayman Islands are two in particular that co-operate with US and EU authorities. Although both have strong bank secrecy laws on paper, these are not so closely followed in practice. Swiss banks UBS and Credit Suisse have made headlines recently over IRS investigations into US held offshore accounts.
The truth is, if you really want a secret account you may have to look further than ‘traditional’ tax havens. That means jurisdictions without tax-information exchange agreements or other links to high-tax countries.
Another option is using an offshore bank account alternative. This could be (for example) sending your funds to a trust company which then opens a bank account for you in their name. Although this is also not 100% foolproof, it does offer another level of privacy in the same way that an offshore company will shield your identity.
Whichever option you choose to take, it pays to follow some ‘golden rules’ of privacy:
1) Limit the number of people who know about the offshore bank account to as few as is humanly possible.
2) Fund the account with a cheque or western union transfer, rather than by wire from your home bank. 3) Never send funds directly back home from the offshore account.
The Internet brought a radical change in the way we do everything. It has made the world smaller, and has brought people closer together through high speed connection. In fact, the Internet has made us realize that we now live in a global community and that everything we do affects the world around us.
The Internet not only changed the way we live, but it has changed entrepreneurs’ home businesses too.
Due to the fact that the Internet has brought the world closer together,every business has the potential for a global market. That means that the Internet has made it possible for entrepreneurs’ home businesses to have customers far away from home.
In the past “home business” meant that an entrepreneur would have to get customers from his or her immediate community. Your market was limited,but now you can get your enterprise out of the house and into the world.
No wonder that the big companies of today had to work hard in order to get out of their homes. Many of the today’s big corporations often started as home-based business.
Many entrepreneurs actually take their business to the Internet,because the Internet helps people shorten the time they have to wait until their business gets off the ground. It helps entrepreneurs’ home businesses get the push it needs to provide a global market. The Internet actually allows you to have the whole world as a target.
More and more people are opening up on-line businesses because of the simple fact that they get to make money easier this way. Today’s entrepreneurs’ home businesses actually mean that the lucky businessmen actually get to stay at home while they make their cash, because of the Internet.
Keep in mind that entrepreneurs are the richest people in the world. Professionals, lawyers, doctors, may make a lot of money, executives may have big salaries, but entrepreneurs pay these people for their services. So who do you think is really at the top of the chain?
With the Internet, you can have all the information you need at your fingertips. This means that you virtually have the whole world at the palm of your hand.
Entrepreneurs now have access to every piece of information that can affect their business. We all know how attentive one must be of things that one cannot control. The market is a very unpredictable factor in business, with people changing their preferences all the time. Through the Internet, one can be prepared for any possible events.
A simple search on the Internet allows you to take a closer look at competition. What sets those businesses apart? What is the competition’s weakness? How can you get ahead in the market?
Because the Internet also allows you access to people, you can get expert advice quickly, therefore you can reach important contacts and make business decisions faster. Entrepreneurs’ home businesses prosper because the Internet allows these businesses to have the best of help.
Presently there are a surprisingly large amount of web users that make money blogging. Some blog owners simply like to blog due to their passion and make use of the supplemental revenue to pay the site hosting fees, while some other webmasters are more serious in supplying good quality content material so they can keep generating income month after month. Numerous conditions must be satisfied to get paid for writing for your site, so don’t think about quitting your regular job just yet.
In the event that you do not maintain your very own blog as yet, realize that it’s going to take time to make money blogging. You will need to figure out a good topic for your weblog that you are convinced can pull in an audience. Then you have to think of a design and style for that blog site and supply it with content material. Luckily, establishing a blog is simple and there are plenty of free blog templates to pick.
Advertising networks such as the ones showing on Yahoo allows you to place promotional advertisements on your site so income can be earned when your visitors click the adverts. The advertisements shown should seamlessly mirror the content showcased on your blog. That’s the most desirable approach to pull in the people that are more prone to click on the ads. You will find lots of blogs to look at for inspiration, and they are completely supported by ad earnings. As long as your ads don’t look too intrusive, your web visitors really should be happy.
Also you can make money blogging by looking for a website that’s willing to pay you to do some creative writing jobs specifically for their website. The appeal to this is the fact that you don’t have to rely on other people to visit your adverts. Virtually all blog managers are going to compensate you the minute you complete your article and it gets okayed. Private internet sites are a fantastic resource for locating these kinds of jobs mainly because numerous new website managers that badly have to have content material make an effort to seek quality freelancers.
The awesome aspect surrounding the whole idea to make money blogging is that you could concentrate on numerous strategies, as long as you have got the time. You could manage your own blog and provide content material to other blogging sites also. The truth is, writing blog posts for other sites is an awesome strategy to bring in some cash flow which you can later use in promoting your own personal blog site. After more individuals are aware of your blog, your financial investment will pay off.
If you’re interested in understanding how to make money blogging together with doing various other creative writing jobs then simply click these hyperlinks.
Every day I run into women who have a huge “giant-size” block when it comes to making great money doing work they love doing.
They range from writers, holistic practitioners, coaches, and speakers to high powered entrepreneurs and CEO’s. They give of themselves and their gifts and yet still charge way less than adequate fees to support themselves and create freedom in their lives; freedom to relax, freedom to live a life they know they deserve, and the freedom to stop struggling and striving every day.
This past week I had the opportunity to speak with many women and it was amazing and inspiring to hear from their spirit the gifts each one have been given and at the same time it broke my heart as I listened to the disappointment and frustration each of them was faced with in earning a living, much less the 6-Figures+ living I know they can achieve. All of them making a difference in the world, yet 95% of them not able to make ends meet.
I was in this same situation not too long ago …so how did I Breakthrough to a multiple 6-figure income?
I realized: Making Great Money IS Part of my Spiritual Path!
Previously I had felt somewhere deep inside that I was doing a greater work and that money was just a trapping of the physical world. That I was somehow above it.
It wasn’t until I lost everything I owned that I discovered how spiritual making great money really is…hmmm…and once my belief around THAT changed, everything began to change.
5 Keys to Up-Leveling your Spiritual Money Mindset:
Making Great Money IS part of my Spiritual Path the Universe wants you to be abundant, stress free, and happy. Your spiritual path is not about struggle, stress, and overwhelm
Making Great Money is Grounding walk your spiritual path with well grounded feet so you can stay in the game of life at a very high level and really make a substantial difference in the world
Making Great Money is Passion expressed and Passion received as you express your purpose and your gifts to the fullest each day you are rewarded financially and living your most passionate life
Making Great Money is Exciting If you’re not making great money you’re not helping enough people. Helping thousands of people is REALLY exciting!
It’s Easier to Make Great Money than it is to Make Less It is easier to find one client and charge what you’re worth, than it is to find 100 clients and undercharge
So let me ask you…If you were fully embracing the belief that making great money IS part of your spiritual path, what would you be doing differently?
Decide & Take Action today!
Making sure your business taxes are in order is too important a job to entrust to just anyone. You need an expert at tax preparation on your side; tax preparers who offer the small business services you’ll find at Padgett Business Services. Padgett has long been a source of a host of financial services for small businesses throughout North America; offering a proven system and over four decades of positive results for their clients. By specializing in the types of taxes that affect small businesses, Padgett agents consistently helps business owners just like you with income taxes, payroll taxes, sales taxes and more.
Padgett agents are committed to the thorough understanding of the issues that affect small businesses, and in insuring that your taxes are completed not only in a timely fashion but also in an accurate and beneficial fashion. Upon meeting with Padgett regarding your taxes you will notice straight away that your business is treated as the unique entity it is. Padgett realizes that no two businesses are alike, and you can count on receiving business advice as well as a tax plan that addresses your needs. Once your taxes are completed you can count on their prompt delivery in order for you to easily meet tax guidelines.
Should you find yourself or your business to be the target of a tax audit, Padgett Business Services can help. Counted among our professionals are several IRS enrolled agents; agents who are prepared to represent you in your dealings with the IRS. In such times it pays to have an experienced advocate by your side to guide you through the process and towards the best possible outcome. And to avoid such situations, small business owners can count on Padgett to keep their financial reporting compliant with government standards.
A successful small business is one that reaches out for expert help in the areas of their business beyond their expertise. In the very same way that Padgett’s professionals couldn’t be expected to be an expert at running your business, you can’t be expected to be an expert on state and federal tax codes. Padgett Business Services is however, and can provide a number of small business services while pointing to the proven results experienced by four decades’ worth of satisfied clients.