Category Archives: Capital Radio UAE

A survey – how has your UAE income & financial situation been affected by Coronavirus?

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I am sure we are all well aware that the restrictions related to COVID-19 have meant that the income of many people in the UAE has been affected.  In order to find out the extent of this I have put together a quick survey and would appreciate as many responses as I can get as the more people who answer, the more valid the information.

Survey here: UAE Income & Coronavirus – June 2020

All responses are anonymous.

The results will be discussed in my weekly segment on Capital Radio UAE on 21st June at 6pm and I will share many of the results on this website too.

The survey will only take a couple of minutes and I appreciate all answers. Please share this too as the more answers I get, from different groups of people, the better.

Thank you for your time.

 

I write articles such as this one as part of the holistic personal financial planning service and that I provide to expats, and the general consumer, financial and legal information that I provide in The National newspaper, on Capital Radio UAE, and on the Facebook group British Expats Dubai. I do not provide an employment advisory service to individuals, only via my newspaper column and radio show.

To arrange a meeting to discuss any aspect of your personal financial planning, please email me at keren@holbornassets.com     Please take a look at the other useful articles on this website.

 

 

 

UAE Insolvency law – overview & information

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In November 2019, the UAE Government announced a new law for personal insolvency, to assist people with debt problems, and this has now come into effect. This is a real game changer as it will give people in difficulties an opportunity to repay what they owe with manageable payments and removes the threat of jail time.

In this article I will cover some of the main points and requirements but I will also update it, if and when there are any changes.

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How much do those Christmas pop songs earn every year?

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Every year, we hear familiar songs on the radio but have you ever stopped to wonder just how much the writers and performers receive from the repeated airplay? The amounts may surprise you as for the biggest songs the amounts are very large indeed. No wonder some artists refer to these hits as their pension funds!

The revenue goes to writers and performers, not always the same people, but if they both write it and perform it, the income is even bigger. Many artists have given it a go but not all are successful. The actual amounts below are amalgamated from multiple sources as the Performing Rights Society does not release this information.

Most of the best loved Christmas songs are not recent ,with the 70s and 80s being a golden era in terms of the UK charts, so the total royalties have really added up over the years. The law in the UK changed in 2011 so that now royalties last the entire life of the songwriter and another 70 years after they have passed away. In the US, they are payable for 95 years following a similar change in legislation in 1998. These earnings can support not only the writers and artists but also their dependents.

Here are some facts and figures about some of the biggest earners.

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Sharia law & your money in the UAE

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Whilst most people are aware that Sharia law is the legal framework used in the GCC countries, not all expats have realised that this can affect them and their money.

  • Did you know that on death your bank accounts and assets in the UAE will be frozen?
  • Did you realise that your spouse, or other family members, may not get access for many months? Or that they may only get a small percentage?
  • Are you aware that your assets may not automatically go to your spouse?

November 2020. Some information in this article has been superceded by new legislation so please see this article for the lastest details regarding the laws on death while in the UAE:

New personal laws in the UAE but what do they really mean for you?

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2019: how it is going for you? UAE survey results

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A few weeks ago I asked people to complete a survey to see how 2019 is going for them, from a largely financial and work perspective.  Everyone was asked a series of questions about stability of work, the property market, what was impacting their personal finances, personal debts and how they felt about their life going into the second half of 2019.

Over 400 replied with just over 51% being in the 31 to 45 age group. The next largest group of respondents was aged 46 to 60 years (35%) and 70% of total respondents were married.

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Travel & holidays – 20 money-related hints & tips

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We’re approaching the hottest time of the year in the UAE, a time when many people think about going on holiday to avoid the heat for a while. The long school summer holiday starts shortly so many families and teachers will travel during this time. With this in mind, I’d like to give you a few hints and tips for saving and safeguarding money when travelling.

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2019 – how is it going for you? A survey

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We’re nearly half way through the year, (and isn’t it going fast?) so I’d like to take a look at how UAE residents are finding it so far from a personal financial perspective. I would therefore be grateful if you could take just a few minutes to complete this survey.

Survey.  2019: how is it going for you?

The information gathered will be used in a future article on this website and for a show on Capital Radio UAE  ( http://www.cruae.ae) on 30th June, as one of my weekly Everything UAE segments which are broadcast every Sunday, just after 6pm.

Your input is very much appreciated. Thank you.

 

I write articles such as this one as part of the holistic personal financial planning service and that I provide to expats, and the general consumer, financial and legal information that I provide in The National newspaper, on Capital Radio UAE and on the Facebook group British Expats Dubai. If I can assist you with any personal financial issues, please contact me at keren@holbornassets.com  You will find many other useful articles on this website.

If you have yet to come across Capital Radio UAE, the station re-launched in the UAE in September 2018. You can listen online at http://www.cruae.ae or is the MyTuner Radio app with FM coming soon.  The station, a franchise of London’s famous Capital Radio, is aimed at the over 35s so plays the songs you know from the 60s, 70s, 80s and 90s.

Verified listeners for my weekly segment on Capital are in excess of 315,000 and growing fast so listen in to hear useful information every week.

Need to know: UAE Consumer Protection Regulations

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 The UAE has had legislation in place to protect consumers for quite a few years but the details are not as well known as they might be so this article is an overview of the law and your rights when purchasing goods and services.

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UK Capital Gains Tax changes for non-resident UK Property owners

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This is a topic I have mentioned in several articles on this website but the final guidance has now been issued by Her Majesty’s Revenue & Customs (HMRC) so we have clarity as to how tax will be applied on the sale of UK properties owned by individuals who are not resident in the UK.

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