The IFSC in Dublin:  LGT Bank (Ireland) Limited became the latest of the original IFSC banks to hand back its banking licence    to the Central Bank in December. Photograph: Marc O’Sullivan

Central Bank figures for 2016 show just two new insurance frims were authorised here

Irish businesses are  more positive about the economic outlook, with 69%  saying they are positive compared with 58%  across Europe and 66%  in the UK

When it comes to job-creation, growth expectations of Irish SMEs lag their European counterparts

The Central Bank has set up a dedicated webpage to facilitate firms interested in seeking authorisation in Ireland. Photograph: Matt Kavanagh

Regulator warns London companies must have substance to seek authorisation

 Aidan Heavey, who has said he will step down as Tullow Oil chief executive later this year.

Find is ‘incremental positive’ for exploration group, says broker Davy

Scandinavian airline SAS is eying up a potential base in Ireland to reduce costs, Danish newspaper ‘Berlingske’ reported on Tuesday.

SAS could follow in footsteps of Norwegian Airlines by opening Irish base to cut costs

The concentration of researchers is a weakness of Ireland’s innovative package, a new survey has found.

Ireland drops a place as Nordic nations dominate the top 15 most innovative countires, while South Korea reigns supreme and Russia(...)

Thanks to a decrease in the universal social charge announced last October, everyone who earns more than €13,000 will see some inc(...)

A new study from the World Economic Forum says that Ireland has performed better than Germany, France and the UK in an index that ranks employment opportunities, pay, living standards and social inclusion. However if you find this difficult to believe, the study also finds that average incomes are falling in Ireland and the country is fourth worst for income inequality.

World Economic Forum study also shows country is fourth worst for income inequality

Shannon cruisers at Leitrim village. County Leitrim has the fourth largest concentration of holiday homes in the State  at 9%. Photograph: James Connolly

Once a hotspot for holiday homes and section 23 properties, Leitrim county now has lowest occupancy rate in the State at 70%

The fourth quarter of 2016 was “another record quarter, continuing the increasing production trend and improving on the record set in the prior quarter”, Michael Carvill, managing director, Kenmare Resources said on Monday.

Producer of titanium minerals and zircon forecasts higher prices in 2017

Icon, the Dublin based provider of drug development solutions, said on Tuesday that it is targeting full year revenue growth of 2-5 per cent, as it eyes up “bolt-on” acquisitions.

Clinical trials group expects to reduce reliance on overly dominant customer

Snapchat’s decision to opt for an international HQ in London  could furrow the brows over at the IDA, as Ireland has proved particularly adept at attracting emerging tech companies - and their European headquarters - to Dublin. Google, Facebook, Twitter and LinkedIn are just some of the stars of the tech world to have their EMEA or international headquarters in Dublin.

Move could be a worrying indicator of investment trends post-Brexit, post-Beps

  Game Publishing and Distribution: the firm said that by the end of the first half of 2017 it expects to operate  systems for 12 major US casinos coast-to-coast together representing in excess of $8 billion in  revenues

Smurfit-backed firm says outlook for 2017 is ‘positive’ as it eyes growth in Italy and the US

“A weekly allowance is great way to help kids to manage their money. There is no better way to help children learn to manage their money than to make their own mistakes.”

Don’t wait until your kids are teens to start talking about family finances

“The predominant mood captured by the consumer sentiment survey at present is a ‘feeling of missing out’.”

Public believes recovery ‘significantly overpromised and underdelivered’

 Larry Broderick, general secretary of the Financial Services Union, said there was “significant concern” among KBC staff in Ireland that its parent could sell the operation here. Photograph: Bryan O’Brien

FSU urges bank’s CEO to end ‘uncertainty’ over whether Irish operation will be sold

In 2016, some €463 million was collected in property tax, down from €469 million in 2015, with the Revenue reporting an average compliance rate of 97 per cent. Photograph: Bryan O’Brien

Homeowners who pay by a lump sum must meet Wednesday deadline or risk an 8% fine

Kilkenny Group’s Marian O’Gorman is one of the mentors in the new round of Enterprise Ireland and KPMG’s Going for Growth. Photograph: Cyril Byrne

Going for Growth provides mentoring from Paypal, Tour America and Kilkenny Group

Patricia Callan: “The optimism that existed at the beginning of the year has given way to a much more cautious sentiment.” Photograph: Gary O’Neill

Brexit risks and wage inflation among the risks cited for 2017 by owner-managers

Martin Shanahan, chief executive of IDA Ireland, with Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor: “That companies have continued to invest in Ireland is testament to the quality of the offering we have here,” he said. Photograph: Brenda Fitzsimons

Almost 200,000 employed in multinationals but IDA warns of political uncertainty

Michael Chadwick:  The nonexecutive director and chairman of the Grafton Group chairman  is being replaced by Michael Roney. Photograph: Nick Bradshaw

Appointment sees departure of long-serving Michael Chadwick after 41 years with group

‘When it comes to people and their money, many bank customers here still like having the option of having a branch they can physically call into.’

German and Dutch mobile bank operators among those bringing services to Ireland

 Irish property prices are set to rise by at least 8% in 2017, with double-digit growth a ‘distinct possibility’. Photograph: Nick Bradshaw

Help-to-buy scheme will add ‘fuel to the fire’ and drive price rises, myhome.ie reports

UK retailer Debenhams put almost 1,500 jobs at risk in Ireland when it  went into examinership during 2016 because of consistent losses sustained since the recession in 2007. (Photograph: Eric Luke / The Irish Times)

Largest number of jobs were saved by Debenhams successfully exiting the process in August

One in four Irish companies say that the impact of the UK’s impending exit from the European Union is their biggest fear for 2017, according to a survey by Dublin Chamber of Commerce. (Photograph: Daniel Leal-Olivas/PA Wire)

Impact of the UK’s departure from the EU is biggest fear for one in four Irish companies

Accepting compensation and cashing your cheque shouldn’t mean that you’re giving up your rights to appeal the decision.

Q&A: Are you affected? How much could you get in compensation?

Developments in Dorset Street (pictured) and Summerhill are due to complete in 2017 and 2018, providing 450 and 400 beds respectively.

Four buildings are located in city centre, Dorset Street, Summerhill and Cork Street

Upmarket department store Brown Thomas has a host of discounts on offer, including money off women’s clothes, shoes and bags and children’s clothes.

Brown Thomas, Benetton and M&S just some of the retailers already cutting prices

Christine Ourmieres-Widener spent four and a half years in Dublin with Cityjet, but left last November to take up the role of chief global sales officer for American Express Global Business Travel, the credit card company’s network of travel agencies across 140 countries.

Former Cityjet chief returns to the world of airlines with salary of £400,000

Last month Eir said it would seek talks with ratings agencies early in 2017 to seek an upgrade to its debt rating. Photograph: Maxwells

Directors with considerable experience join the board of telecommunications group

Coming off a few years of under-performance, emerging market equities were also particularly strong during the year, and you didn’t have to choose wisely as an index fund would have done the business for you in 2016.

Some lucky investors enjoyed returns of almost 30% on their North America funds during the year, but volatility will be watchword (...)

One of the wealthy who have paid the tax is Limerick billionaire JP McManus, who told a US court this year that he paid the domiicile levy in 2012.  Photograph: Dara Mac Dónaill / The Irish Times

Just nine people paid domicile levy in 2015, down by 72% on 2011

Wyckham Point apartments in Dundrum, Dublin: Rents increased by 2% in the Dundrum area in the year to September 2016. Photograph: Dara Mac Dónaill

Cap could still allow a monthly increase of nearly €66 in D4. So is a 4% ceiling too high?

Beacon South Quarter, Sandyford, where Ires Reit owns and rents apartments. Goodbody Stockbrokers say  new rent limits could be “damaging” to professional landlords such as Ires Reit

New rental measures are ‘damaging’ to landlords, according to Goodbody

The acquisition means Hibernia now has full ownership of five adjacent properties in the Sobo District of Dublin’s South Docks, comprising over 34,374sq m (370,000sq ft) of office space either in place or under construction

Property company acquires Starwood’s 50% stake in one acre South Docks site for €27.5m

Carton Wood, Maynooth. A first time buyer would need a deposit of just €14,750 to buy a three-bed semi-detached house worth €295,000. Someone trading up on the other hand would need to come up with a significantly higher deposit of €59,000.

Looser Central Bank rules, generous Help to Buy grants for first-time buyers - but trader uppers are being left out in the cold

RevApp is available to download for free from the Apple App store and Google Play store

Customers can keep track of receipts and calculate how much tax they owe with RevApp

According to the Central Bank, 421 properties in residential ownership were taken into possession by lenders in the third quarter. Photograph: Matt Kavanagh

Central Bank figures reveal that almost 80,000 home loans are behind in payment

A cornerstone of the Origin-UCD development will be the creation of a scalable crop intelligence platform

Science Foundation Ireland backing €17.6m project to build digital tools for sector

AB InBev will now be responsible for the sale and trade marketing of C&C’s cider portfolio, including Magners.

Belgian mega-brewer to take over distribution of Magners in England and Wales

Six out of 10 respondents said the fear of future uncertainty had made them “more likely” to save – though they  were not necessarily likely to save greater amounts

Survey finds fewer than one in five feels they have benefitted from the recovery

Liz O’Donnell: since retiring from politics in 2007 she has worked as an adviser and public affairs consultant

Former minister of state to become director of policy, government affairs and communications with US pharma group

Zara Financien did not pay corporate tax in Ireland, despite having a net income of €53.9 million in the 2011-2014 period, claims European Green Party/EFA  report. Photograph: Sean Gallup/Getty Images

Europe’s Greens/EFA group report highlights methods used by Zara to minimise tax bills

First-time buyers beware: The road won’t always be smooth

Buying a home is one of life’s biggest decisions so prepare for it accordingly

One in every two exporters across the island of Ireland says currency volatility is the key issue they’re facing at the moment. Photograph: iStock

While not without its challenges, the currency’s plummet since the Brexit vote has provided a significant boon to the North’s ex(...)

According to the INMO, the HSE is keen to recruit nurses, but individual hospitals  do not have the budget to pay for more staff or have to restrict staffing levels, meaning most contracts on offer are short-term.

The HSE is hiring again in Ireland, but mostly for short-term positions

Luas on Dublin’s north side:  people looking for access to public transport without hefty house prices could consider buying a property near the end of the new Luas extension. Photograph: Bryan O’Brien

Property website Daft.ie report reveals the value of rail infrastructure for homeowners

Using OECD figures, the Economist found that the lifetime net benefit of getting a degree in Ireland – compared to not getting one – is some €328,000

‘Economist’ finds university degree is worth more in Ireland than anywhere else in OECD

Could Nama be eyeing up a future sale of its units at the Grange in south Dublin?

Two-beds at the Grange, south Dublin, to rent from €1,775 a month as funds eye sale

It all adds up: working out how much you have to invest each month will be important. Photograph:  iStockphoto

Deposit rates may have plummeted but regular investment products have soared; but investors should do their homework before alloca(...)

The OECD says  policymakers need to ensure that consumers receive appropriate financial advice for retirement.

Defined-contribution schemes put too much risk and responsibility on individuals, it says

Considering a renovation project? Remember to avail of the 13.5 per cent tax rebate scheme. Photograph: Nick Bradshaw

Revenue is urging Paye taxpayers to apply for tax refunds and credits before year-end deadline

Health insurance: If you’ve been on the same plan for two years, try not to let it just roll over. Many are  overpaying by 10-20 per cent for their cover.

Some 400,000 are renewing health policies next month. How can you get better value?

Taxpayers with assets offshore, be it a deposit account, an apartment, or a trust, should ensure they are compliant before the Revenue starts sending out its letters, which is likely to be after May 1st.

Taxpayers with offshore assets urged to get affairs in order before May clampdown

The Galway Clinic: the 2015  accounts show that the company sold the hospital building and equipment to a subsidiary company, Galway Clinic Doughiska, for €106 million,  creating  a profit of €52.1 million. Photograph: Joe O’Shaughnessy

Spiralling cost of health insurance cited as demand for private treatment falls

Typically Ireland is listed as a top tier country for qualifications, which means it should be a matter of sorting out your paperwork rather than requiring additional qualifications to work abroad.

Nurses, doctors and other professionals can find work in the US, Canada, Australia and elsewhere

Brian Hayes: “Our pension system is going to become more and more squeezed as our population inevitably gets older.”

Brian Hayes calls for an auto-enrolment system by 2020

Strategic Banking Corporation of Ireland lenders offer lower-cost loans across a range of products including working capital, investment, agri-finance, invoice finance, fleet finance and leasing

Strategic Banking Corporation of Ireland joins forces with Fexco to offer lower cost leasing finance

First-time buyers will be able to apply for their 5 per cent tax rebate at the start of January. Photograph: Brian Lawless/PA Wire

Help-to-buy scheme to provide rebate of up to 5% of purchase price and will run until 2019

Even the experts can get it wrong

Financial advice to my younger self: experts look back at the money mistakes they made

While the distortion in   gross domestic product figures are a significant factor behind the 2015 result, the ratio has been in decline for some time

Ratio hints at low tax economy but figures distorted by exceptional 26% GDP growth in 2015

 Aryzta chief executive Owen Killian: Earnings at the owner of Cuisine de France fell back to €962.3 million in the three months to October 31st 2016. Photograph: Cyril Byrne

Swiss-Irish food group Aryzta says results are in line with expectations

Current accounts are the main type of account held by consumers, and were the most complained about banking product, the Central Bank found.

Despite hefty bank charges, Irish consumers are reluctant to switch, Central Bank finds

Rolling in it? Credit Suisse says you are. Figures from the Swiss investment bank show that Irish people are worth €7,745 more this year than they were last year.

And the rich are getting richer quicker: 7,000 Irish people became millionaires last year

Personal savings, pension schemes and investments should be considered as soon as  a regular income is earned

Making a couple of good financial decisions early can make the goals of owning your own home and having a decent retirement fund f(...)

Despite private health insurance now costing an average of €1,174 per person in 2016, Irish consumers remain reluctant to switch provider, figures from the Health Insurance Authority (HIA) show.

Study shows significant savings available to those willing to switch insurance provider

The European Commission suggests there is scope for Irish house prices to increase further despite recent gains. Photograph Nick Bradshaw

Houses undervalued by nearly 15 per cent in 2015, scope for price rises into 2017

The Central Bank: one area that may change is the number of exceptions banks are allowed to grant

Central Bank may soften restrictive lending rules in its review on Wednesday

David Ehrlich, chief executive of Ires Reit, says the Irish way of devising planning legislation  needs to change.  Photograph: Maxwell Photography

Ires Reit’s David Ehrlich talks about soaring rents and increasing supply

Beacon South Quarter in Sandyford, Dublin.

Trust eyes purchase of Nama block following construction of first development

& Other Stories:  Grafton Street building has been upgraded and fitted with a modern facade ahead of its opening.

H&M-owned fashion brand to open doors in Dublin city centre on Friday, December 9th

Bernard Sheridan of the Central Bank speaking at the opening of the FinCoNet conference,  in Jakarta.

Bernard Sheridan says the rise of fintech must not lead to lower compliance standards

Getting on the property ladder was often just as hard 35 years ago, with interest rates at more than 16 per cent in 1981 compared to 3.5 per cent today. Photograph: Gareth Fuller/PA Wire

A sobering conclusion for those millennials who feel particularly hard done by

Retirees and those approaching retirement should keep an eye on developments in the bond markets over the coming weeks.

Global sell-off on inflation fears sends European bond yields higher

Chief executive of Kingspan Gene Murtagh.  Photograph: Cyril Byrne

But weak sterling dampens Irish insulation manufacturer’s earnings in the UK

Greencore chief executive Patrick Coveney: Acquisition of Illinois-based Peacock Foods will transform Greencore’s presence in the US market.  Photograph: Cyril Byrne

Food group considered postponing announcement of deal after Trump election win

The IFSC: S&P says Ireland’s solid economic growth prospects are likely to underpin improvements in the Government’s budgetary position.   Photograph: Dave Meehan

‘Demographics, openness and labour and product’ flexibility benefit Irish market

 Consumers are worried about risks ranging from Brexit through to the Apple tax case and high-profile domestic industrial disputes. Photograph:  Andy Rain/EPA

Much vaunted economic recovery fails to improve household finances

 Irish Life and Permanent  chairwoman Gillian Bowler: the European Court of Justice has ruled that State has the right to right to nationalise the financial services group: David Sleator

‘Serious disturbance’ in economy gave State right to take ownership of group, ECJ rules

 Royal Bank of Scotland:      The bank set aside £400 million    after years of defending itself against claims that its global restructuring group  pushed  some companies into bankruptcy. Photograph: Philip Toscano/PA Wire

Reimbursment fund created after claims bank pushed companies into bankruptcy

Ryanair will split its buyback equally between the American depositary receipts held by US stockholders and ordinary shares. Photograph: Chris Radburn/PA Wire

Buyback over four months aimed at reducing company’s share capital

Public hospital care is not “free” as  patients must pay €75 a night for up to ten nights. Photograph: Peter Byrne/PA Wire

‘Cashback’ sounds nice till you work out that in the bigger picture you’re still losing out

The budget signalled no change to the exit tax on investment products, which is levied at a rate of 41 per cent.

Companies also call for abolition of 1 per cent life assurance levy

Thought 100 per cent mortgages were a thing of the past? A  Central Bank study shows that a number of people got such a mortgage in the first half of this year. Photograph: Matt Kavanagh/The Irish Times

Central Bank says 16% of loans were exempt in first half and some got 100% mortgages

Pepper Money will provide mortgages for both residential and buy-to-let customers, and it specialises in areas including refinancers, buy-to-let, the self-employed and people with historic credit issues.

Australian financial firm selling mortgages that exclude certain Irish counties

Hyundai was the best-selling car so far this year, with its Tucson the most popular vehicle sold, followed by Volkswagen,Toyota, Ford and Nissan.

Hyundai with its Tucson vehicle remains Ireland’s best-selling car

First Derivatives: Newry-based firm has benefited from the weakness of sterling. Photograph: Newraypics.com

Chief executive says technology provider is ‘well-positioned for growth’ in rest of 2016

Subscribers to N26 Black will get a current account, plus Mastercard and insurance package, for a  monthly fee

Irish customers will be among the first to access new premium current account

Ulster Bank has been fined €10.8 million by the Central Bank since 2006, more than Quinn Insurance and Irish Nationwide. Photograph: Alan Betson

Central Bank’s fine of €3.3m imposed for breaches of anti-money-laundering protocols

China’s official PMI was shown to have expanded at the fastest pace in more than two years in October, adding to views that the world’s second-largest economy is stabilising. Photograph: Bobby Yip/Reuters

New orders recover having fallen sharply in wake of June’s Brexit vote

Peer-to-peer (P2P) lending has grown strongly  in recent years and accounted for more than €3 billion in lending in the UK last year and some €26 billion globally

Initiative Ireland aims to offer returns of 7% to investors lending money to other people

Bank of Ireland says it expects to see sterling trading in a range centred on 90p over the coming months. Photograph: Clodagh Kilcoyne/Reuters

Economic confidence steady as weak pound begins to affect Irish businesses

Under the new scheme, parents of children in full-time care will get the bones of a month’s free childcare per child from next September. Photograph: Edmond Terakopian/PA Wire

Childcare scheme will help many parents but others will miss out

Turnover at the Irish Credit Bureau rose to €4.9 million in the year to December 31st, 2015. Photograph: Dado Ruvic/Reuters

‘Uncertain’ outlook for credit reference agency as CRIF set to launch new Irish register

Rent for expat accommodation in the United Arab Emirates is similar to Dublin.

Accommodation aimed at expats is high quality but expensive and often in gated compounds

While you might secure a job from Ireland through Skype or recruitment fairs, it helps to get on an aircraft if you are looking for a job in the Gulf region.

Most Irish are finding work in the construction, education and healthcare sectors

Most expats heading for the Gulf States will have private health insurance, typically paid for by their employer.

Fees for private international schools can cost upwards of €10,000, but many employers will pay as part of a salary package

Tourist visas (often given to Irish passport holders on arrival at your destination) can be obtained for up to 30 days (renewable up to 60 days in the UAE), which will allow you to travel there and find a job before making a move.

To work you will need a visa, which is usually organised by a sponsoring employer

Tax-free salaries are one of the biggest incentives for Irish people to work in the Gulf region. In most states, if you earn €100,000 you keep €100,000, compared to just €58,869 after tax as a single person in Ireland.

Tax-free salaries and low-cost petrol are a huge plus, but rent and education are pricey

An important element of life in the Islamic Gulf States is how women are treated, and this tends to vary depending on the strictness of the regime in each of the states.

Irish people need to be prepared for a very different way of life

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