Poverty is often defined by the amount that a person has in money and material possessions, this can lead to extreme poverty, and even destitution. This level of poverty refers to the deprivation of basic human needs, including shelter, clothing, food and education. However, there is also relative poverty, which is defined as the economical state of the society you live within.
Property investment remains to be one of the safest ways to make money in a short amount of time, and Spain continues to be a popular choice for many people. Over the last few years, the property market in Spain has undergone rapid changes, and not all of these were beneficial. The worldwide crisis had a massive impact on the way that people spent their money, and this affected property markets in Spain.
Teaching is an incredibly fulfilling career to choose, and there are many different rewards which will ensure that you enjoy your job. It can be a challenging job, but alongside the frustrations, there are many incredible moments. If you are interested in becoming a teacher in the UK, you may be confused where to begin.
Many people have heard about mutual societies, but the big questions remain to be, what a mutual society is and how are their services different from other financial institutions?
A mutual society is an organization that works on the principle of mutuality (duh). Its existence is based on the purpose of raising funds through its membership. The funds are then utilized to provide common services to all registered members of the society. Unlike large financial organizations like banks that enjoy economies of scale just by virtue of having more customers and less operational costs, mutual society is run by members through registration fees. Therefore, benefits them through its services. These societies are usually founded by groups of people who wish to share their resources and rewarded for that.
Mutual society can be run like a bank or insurance company. They can be formed by people from all walks of life who wish to enjoy tax efficient advantages of a mutual and deliver a cost-considerate, low entry investments, insurance, assurance, and investment products through a partnership operating and direct marketing. Nevertheless, mutual societies have an upper hand over the banks since:
• (Key point!) The building societies invest back its profits to the businesses owned by the society. This is in contrast with banks that are supposed to pay dividends to their shareholders at the end of each financial term. This feature gives a mutual society advantage over banks when it comes to offering competitive rates of interests on both savings and mortgages. The society set the rates to be used in rewarding those who have saved with it at just the rate that was charged to borrowers. Such a margin boosts the chances of societies running on profit.
• (Let’s forget about the recent scandal but…) When you think of a mutual society, what should come to your mind are organizations that are more approachable, more personal, and more trustworthy far much than banks. There is more saver and borrower satisfaction far much higher than the case with banks. The customer services are also of high quality compared to banks.
• People who are seeking to borrow from financial institutions rely on advice given by these institutions about mortgages or other financial services. Unlike in mutual societies, many banks have replaced personal counters services with call centers and closed local branches. This denies borrowers the chance to be advised how to utilize the borrowed money. This has led to some customers loosing properties they used as collaterals to borrow the money, which is not the case in mutual societies.
Despite these differences, most mutual societies operate and offer services that are similar or competing against those offered by commercial banks. They may offer competitive interest rates and fee tariffs on deposit accounts, loans, and savings just like the banks.
Anyway upon mutual agreement of the members, a mutual society can be converted to a non-mutual organization. This process of demutualization may convert the organization into a full public company or partial mutual holding society.
A mutual society gives the member the ultimate power to claim ownership of the organization and thus running it for the sake of the benefitting from it. This is the unique characteristic that defines mutual society when compared with other companies, businesses or bank. They do not have external shareholder thus exist for the sake of benefitting its members through its running services.
With millions of barrels of oil and cubic metres of gas sloshing and floating around the Middle East and North Africa (MENA) region, it’s hardly surprising businesses from all over the world tend to target this incredibly rich and culturally diverse area. And thanks to modern and innovative banking solutions, a range of useful import services can help make the trading experience a whole lot easier, not to mention safer, for companies in the US, UK and Europe looking to break into and exploit such lucrative overseas markets.
Egypt ticks a lot of the boxes
Yes it does. Despite all of the unrest following the 2011 revolution, Egypt still remains a country with long-term prospects. The country’s underlying economic fundamentals are sound, say commentators, even despite the present and sometimes seemingly insurmountable political difficulties. It’s growing population of some 84 million people is the largest in the region.
Egypt’s natural gas reserves have grown rapidly in recent years, establishing the segment as the most vibrant in the wider energy sector, according to the Oxford Business Group (OBG). In 2010, the US Geological Survey released its assessment of the Nile Delta basin, one of the two principal gas-producing areas in the country, declaring that the regions undiscovered but technically recoverable gas resources were three times larger than estimated.
The OBG says, “Since then a string of gas discoveries has been announced by oil and gas companies working within Egypt’s jurisdiction, including a number of finds this year alone. In May, US-based Apache Corporation released details of two significant discoveries in its North Ras Qattara and North Tarek concessions, and the most recent find in the Salamat field, announced in September by British Petroleum, has served to reinforce the optimism surrounding Egypt’s offshore gas prospects.”
The United Arab Emirates (UAE) in the Persian Gulf represents another lucrative target for overseas investors and entrepreneurs looking to cash in on business opportunities. The UAE makes it easy, too, with dozens of free zones established aimed at attracting both small and medium-sized enterprises and the largest multinational conglomerates in the world.
Business concessions include no personal or corporate tax levied, 100% foreign ownership allowed, 100% repatriation of capital and profits, no foreign exchange controls, purpose-built infrastructure if required and little or no restriction with regard to hiring and firing staff. Throw in low-cost utilities and modern communications, including excellent roads, ports and airports, and it’s not hard to see why companies around the world are queuing up to take advantage.
Diversification away from oil
That’s the reason for the establishment of free zones. Oil won’t last forever and it’s no good simply being a one-trick economic pony nowadays and waiting for the inevitable day. Other countries in the Persian Gulf also face similar challenges and are toying with diversification to a similar or lesser extent.
A recent survey of some 90 institutional investors across 12 MENA countries found investor sentiment was extremely positive towards the UAE, Saudi Arabia and Qatar. The UAE, not surprisingly, came top of the investor league table of desirable locations. It’s not hard to see why.
Check out the full OBG report into Egypt’s rising gas potential here.
Here you will find a few key things that just might help you to get your new business up-and-running:
1. research, research and research again your idea before you launch your business. Some people sleepwalk into starting a business and actually admit after a short period that they have no idea why they are doing what they are doing. That is not a tactic likely to help you achieve success;
The discovery of a Constable worth £250,000 in the family attic has highlighted the extent of the assets that the ‘baby boomer’ generation has built up.
Now, as the baby boomers start to feel the chill winds of austerity, they are seeking to generate extra cash by selling some of those assets.
That’s the view of borro, one of the UK’s leading lenders against the security of assets such as jewellery, cars and watches. It reports a 56 per cent increase in the number of 50 to 60-year-olds using its services in the past four years and nearly a quarter of all its loans are now to customers in this age group.
If you’ve suffered a boiler breakdown before, you’ll know how frustrating and how costly it can be to resolve the issue. It’s manageable in the warmer months, because heating the house isn’t a necessity, but a broken boiler in the winter can cause serious problems. If you’re worried about this happening to you – perhaps you have an old or somewhat temperamental boiler – then there are precautions you can take to prevent your house turning into an igloo.
It’s finally happened. You aced the interviews, waited with bated breath for the phone call, and now you have it: that good-paying job with benefits that puts you firmly on a career path. Maybe this is your first “real job” out of college; maybe this is a job you’ve finally managed to snag after months — or years — of unemployment or underemployment.
When you move into a new apartment, the first few weeks are particularly rough. You’ll need a lot of things, including furniture, which isn’t cheap. Here are a few ways you can save money on furniture.
Millions of couples celebrated Valentine’s Day this week, splashing out on greetings cards, champagne and red roses. But as their attention switches from the romance of candlelit dinners to the possibility of moving in together, they should not ignore the more prosaic questions, such as what happens if they split up or one partner dies.
A recent Court of Appeal decision offered a grim reminder to all nonmarried couples that they have no automatic entitlement to any part of their partner’s property or possessions if they split up, even if they have lived together for many years.
Over the past few centuries the world has come together more than ever before. This has increased significantly since the birth and development of the internet and the world is now more globalised than ever. This has opened up a wealth of business and commercial opportunities that have been exploited by many already. Technologies such as the internet and airplanes have made exporting to foreign and developing countries very easy. However, there are a few things that must be taken into consideration before one can go down this route. Here are a few tips on exporting to developing countries.
Whilst this program is specific to Australians, most countries have similar services for low income earners and those on welfare. Check with your government or reputable non-profits in your area to see what’s available.