Indian families are losing millions on overseas education payments due to hidden fees and poor exchange rates. Traditional banks add markups and delays, costing families thousands annually. This money could fund tuition or living expenses. Innovative platforms offer transparency and speed.
French Prime Minister Sebastien Lecornu is proposing new taxes on high-income individuals, those earning over 250,000 euros annually, to secure Socialist support for the 2026 state budget. The plan includes renewing a 'minimum tax' and targeting holding companies used for tax avoidance, aiming to raise 3 billion euros.
Oman will introduce a 5% income tax in 2028 on high earners, becoming the first Gulf state to do so. The tax targets individuals with annual incomes exceeding $109,000, impacting roughly the top 1% of earners. This move aims to diversify revenue streams and reduce dependence on oil, potentially influencing other GCC nations to implement similar fiscal reforms.
Qatar is set to offer property title deeds and real estate residency within days for foreign buyers investing at least $200,000. This initiative aims to streamline ownership and attract international investors, with permanent residency available for purchases of $1 million or more. The move supports Qatar's expanding real estate sector, which saw significant growth in Q2 2025.
Since 2006, Oman has opened its real estate sector to foreigners through Integrated Tourism Complexes (ITCs) and usufruct rights, allowing property purchases under specific conditions. Foreigners can invest in ITCs and select commercial buildings, with ownership granted through long-term leaseholds. Restrictions apply, including zoning rules and limitations on ownership percentages and locations.
Indian families are losing millions on overseas education payments due to hidden fees and poor exchange rates. Traditional banks add markups and delays, costing families thousands annually. This money could fund tuition or living expenses. Innovative platforms offer transparency and speed.
Finance Minister Nirmala Sitharaman launched a foreign currency settlement system in GIFT City to facilitate seamless, real-time transactions, boosting international trade and investment. This new infrastructure positions GIFT IFSC among global financial hubs like Hong Kong and Tokyo, enhancing liquidity and operational resilience for entities within the International Financial Services Centre.
Operations at Nairobi's Jomo Kenyatta International Airport were temporarily halted. This occurred after a crowd of mourners gained access to restricted airport areas. The mourners were present to receive the body of opposition leader Raila Odinga. Kenya's civil aviation authority confirmed the security situation led to the suspension.
Brown University President Christina Paxson has declined to sign a Trump administration memo that outlines new policies for universities seeking preferential federal funding. Brown is the second Ivy League school, after MIT, to reject the proposal sent to nine elite institutions.
