Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment
The total number of positions that have been eliminated has reached 85,540 globally
Robust figures come despite impact of Covid-19 on the global economy
Motorists in the three emirates can park their vehicles for free during the three-day holiday period
This initiative is a win-win situation for employees as well as employers
Over 50 per cent of all fintech businesses in the GCC now operate from DIFC
The amnesty will require expats living illegally to either get a valid residency or leave the country after paying their fines to avoid a ban
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, also ordered the release of 49 prisoners
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
Those who use a forged electronic document bearing knowledge of its falsification will also be punished
The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The initiative, which began on November 15, runs until the end of the year
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday
Citizens and residents living in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade
The decision applies to expat workers who do not have a university degree
The higher minimum wage must be paid for a worker to be counted as part of a company’s quota of citizen employees
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Oman is the UAE’s second largest trading partner in the Gulf
The exemption covers all financial fines related to the Emirates Identity cards, work permits, as well as the waiver of all administrative restrictions, upon leaving the country
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
The freelancer licences will allow the applicants to practice around 48 economic activities
Potential recipients include specialised degree holders in AI, big data, epidemiology and viruses, as well as doctors and engineers, among others
The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland
Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim
Officials urge the public to adhere to precautionary measures to ensure the UAE reaches the recovery stage
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period
Beauty and hair salons, dental clinics and nurseries in the emirate can apply for a 20 per cent rebate