A Power Of Attorney Could Protect Your Overseas Property Purchase
Overseas property expert, Simon Conn, has reached out to his peers to comment on the importance of a Power of Attorney when protecting property and assets abroad, especially with Covid-19 ever present. Written by Simon Conn of Simon Conn Overseas Property and Finance With Brexit looming and the UK in its second official lockdown,...
ABB wins $45 million Dubai Hills substation contract
ABB has won an order worth around $45 million from Dubai Hills Estate L.L.C, a joint venture between Emaar Properties PJSC and Meraas Holding, to construct a substation that will boost distribution capacity and feed power to a new integrated lifestyle project being constructed in Dubai. The project exemplifies ABB’s commitment to deliver reliable power...
Trant win £55.7m Falklands Power Project
Southampton-based Trant Engineering has been awrded a £55.7m contract for the upgrade of the power station, boiler house and district heating system at the Mount Pleasant complex on the Falkland Islands. The project for the Defence Infrastructure Organisation (DIO) will form part of defence secretary Michael Fallon’s commitment of £180m investment over the next decade...
ABB lands $100m UAE Power Contract
ABB the leading power and automation technology group stated that it has been awarded a $100-million contract by Hyundai Heavy Industries to provide power and automation solutions for oilfields off the UAE coast. The deal, which will see ABB provide power management, electrification and telecommunication solutions, is aimed at improving safety and reliability while reducing...
ABB wins $85m Qatar substation contract
ABB has been awarded a contract worth around $85 million to provide turnkey substations in Qatar. This is aimed at supporting the integration of new power and seawater desalination plant in the country. Under the contract, ABB will be responsible for the design, engineering, supply, installation and commissioning of three turnkey substations, which will be...
Taxed On UK Mortgage Payments From Abroad?
I am planning to work in Qatar but want to carry on paying my UK mortgage and sending money to my family. Will this be subject to UK taxation? You should be in the clear as far as UK tax is concerned. Dean Power of The Fry Group says that the amount you send back...
McDermott wins Aramco contract
Construction and engineering company McDermott Middle East has wins initial work contract by Saudi Aramco for a key power supply system replacement for the offshore Marjan field. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overall brownfield project comprises integrated...