Business

Arab and international economic and business news through alwast, financial and stock markets, Arab and international currency rates, as well as comprehensive reports and analysis on money management and investment.

‏Urgent UAE: Banks require 15 security measures from their customers, starting from the beginning of next Nove
Abdallah Shahin - 6 months

In order to protect bank account confidentiality and stop hackers from accessing them, banks requested that their clients implement fifteen security precautions.

Abu Dhabi Wins Bid to Host 63rd ICCA Congress in October
Asma - 6 months

Abu Dhabi triumphs in securing the bid to host the esteemed 63rd ICCA Congress, showcasing the emirate's strategic location, cutting-edge infrastructure, diverse hospitality offerings, and unwavering commitment to excellence in event delivery.

UAE remittances rise amid sliding Indian, Pakistani rupees, Philippine
Asma - 6 months

Remittances from UAE expats increased noticeably in August to India, Pakistan, and the Philippines. This rise is a result of the local currencies' considerable devaluation against the dirham.

Dubai Airport Ups Annual Passenger Traffic Forecast to 85 Million
Asma - 6 months

A significant increase from the earlier expectation of 83.6 million tourists, Dubai International (DXB) has amended its annual passenger traffic projection for 2023 and now anticipates 85 million passengers.

Iraq Oil Minister Visits Turkey to Discuss Oil Export Resumption
Asma - 6 months

Iraq's oil minister, Hayan Abdel-Ghani, is currently in Ankara, Turkey, for discussions on a number of topics, which might involve the potential restoration of oil supplies through the Ceyhan oil terminal. The minister's office gave the...

Urgent UAE: "Federal Human Resources" permission for morning delay or early departure for state workers
Abdallah Shahin - 6 months

The "back to school" strategy, which was endorsed by the honourable Council of Ministers, was the subject of a special circular released today by the Federal Authority for Government Human Resources and sent to all federal ministries and...

Dubai Real Estate Achieves $6.3Bn in Land and Property Transactions
Asma - 6 months

The Dubai real estate market remains buoyant as it achieves an impressive milestone of $6.3 billion in land and property transactions within a single week. According to data released by the city's Land Department, these transactions spanned the...

UAE-based DP World will invest $510m in Gujarat terminal
Asma - 6 months

Global port operator DP World has unveiled plans to invest a substantial $510 million in Gujarat, India, with the goal of establishing and overseeing a groundbreaking mega-container terminal. The company has recently concluded a concession agreement...

New work visas after the UAE's accession to "BRICS"
Abdallah Shahin - 6 months

The United Arab Emirates joining the "BRICS" organization opens up new opportunities for collaboration and strengthens ties with many nations throughout the globe, particularly the BRICS nations, which are a collection of promising and...

Urgent UAE: On the occasion of Women's Day, new job opportunities in the UAE
Abdallah Shahin - 6 months

The wise leadership's ongoing support and encouragement of Emirati women has allowed the Emirati girl to get involved in all areas of society and demonstrate her outstanding competence.

‏Urgent .. The UAE provides great opportunities for the private sector in these projects
Abdallah Shahin - 6 months

The UAE has strengthened the private sector's role and contributions in the areas of sustainability across all sectors, elevating the nation to the top of the world in this area and creating fantastic investment and employment opportunities that...

5 cases that allow the employer to deduct the employee’s end of service gratuity
Abdallah Shahin - 6 months

The Ministry of Human Resources and Emiratisation stated that the executive regulations of Decree Law No. 33 of 2021 set the controls for deduction from the end-of-service gratuity for workers in the private sector, as it permitted the employer to...

Sharjah announces jobs with salaries up to 30 thousand dirhams
Abdallah Shahin - 6 months

The Department of Human Resources in the Government of Sharjah has offered job opportunities with salaries ranging between 25 and 30 thousand dirhams.

Urgent.. How to apply for a "Waffer" card
Abdallah Shahin - 6 months

The Department of Human Resources in Sharjah revealed that the number of beneficiaries of the "Waffer" program for discounts has reached 71,737 beneficiaries of various categories, namely: employees of Sharjah government departments and...

UAE Central Bank Imposes Dh4.8 Million Fine on money exchange house
Asma - 6 months

Due to its insufficient precautions against money laundering and terrorist funding, the Central Bank of the UAE (CBUAE) fined a money exchange operating in the nation Dh4.8 million.

Urgent Kuwait: Re-registration of about 700 employees after the court decides to terminate their appointment
Abdallah Shahin - 6 months

According to sources, the General Insurance Corporation has begun work to re-register the insurance contributions of around 700 Experts Department workers, including approximately 550 whose appointments were canceled by the Court of Cassation at the...

Penalty for leaving the UAE with a personal loan
Abdallah Shahin - 6 months

An increasing number of people are facing difficulties in paying their personal loan installments in the UAE, which leads them to resort to the idea of leaving the country to escape the financial problems that ensue. However, it should be noted that...

Urgent UAE: Conditions and procedures for obtaining a sabbatical leave for self-employment.
Abdallah Shahin - 6 months

The United Arab Emirates is a pioneer in government services that improve citizens' quality of life and raise their standard of living to that of developed countries. Specific limitations and criteria apply since the state hopes to encourage...

‏Urgent.. A statement from the (Central Bank of the UAE) regarding the deposits of foreign residents
Abdallah Shahin - 6 months

According to recent data released by the UAE Central Bank yesterday, bank deposits in the nation reached the highest level in its history at the end of May 2023, reaching 558.6 billion dirhams, an increase of 7.7 billion dirhams in a month, at a time...

‏Human resources in the UAE: 4 reasons for preventing an employee from requesting "annual leave"
Abdallah Shahin - 6 months

According to the Federal Authority for Government Human Resources, employees hired into any ministry or agency under the full-time pattern are entitled to an annual leave with a total salary of approximately 30 working days for special degree (B) and...

Abu Dhabi real estate Hits over Dhs46.33bn in deals in H1 2023
Asma - 6 months

According to the most recent report from the department, the real estate market in Abu Dhabi kept expanding, with 10,557 property transactions worth more than Dhs46.33 billion.

UAE Government: Issuing a visa (residence for remote work) for a period of one year
Abdallah Shahin - 6 months

enables an outsider to lawfully remain and work within the UAE. The visa is valid for a year and enables the foreign national to travel to, live in, and work for an employer outside of the UAE within the terms and circumstances specified in the...

Urgent Emirates: Announcing the date of disbursement of these salaries for the current month.
Abdallah Shahin - 6 months

The date for disbursing pensions for the month of August will be on Friday, which corresponds to the 25th day of the month, according to an announcement from the General Pension and Social Security Authority.