Healthcare and education are some of the ‘more promising sectors’ for investments in the UAE, he said
The initiatives will cover topics such as food security, artificial intelligence, culture and heritage, quality of life and advanced science
Long term visas will be granted to investors, entrepreneurs, specialists in the medical, scientific, research and technical fields and outstanding students
The monarch is currently on a domestic tour of the country
GDP growth in the Gulf region is estimated to reach 2.4 per cent in 2018 and 3 per cent in 2019
King Salman launched several projects during a domestic tour last week
The new FDI law, approved last month, allows foreigners to own more than 49 per cent and up to 100 per cent in UAE-based businesses
Slower improvements in activity and new work, as well as another contraction in employment led to the slowdown
The new law provides for alternative dispute resolution (ADR) and/or expedited local court process in the UAE
Riyadh aims to balance its budget by 2023
The Cabinet also approved a number of measures regarding the procedures of filing labour lawsuits
The agreement came as Pakistani Prime Minister Imran Khan attended a Saudi investment conference in Riyadh
Hundreds of bankers and company executives are still expected to join officials in Riyadh
The UAE ranked high for its stable macroeconomic conditions, good infrastructure and one of the highest levels of ICT adoption in the world
The payments had been linked to annual appraisals, but that will no longer be the case, according to reports
The country is abolishing a guarantee system that requires a deposit of Dhs3,000 per employee
Bahrain signed an agreement last week with Saudi, the UAE and Kuwait for a $10bn aid package
Monthly poll finds that employment levels fell at the fastest pace in September since the survey began in January 2010
Oman has outlined plans in recent years to sell off state assets as it seeks to confront fiscal deficits
Officials say the new law will only apply to “strategic sectors” of the economy
Oman has borrowed extensively in the international markets over the past few years to finance state spending
The bill is yet to be approved by the parliament’s upper house, which is expected to hold a similar session later this week
Bahrain also released a 33-page plan to fix its debt-burdened finances and abolish its budget deficit by 2022
The rate of job shedding eased since August, the monthly Emirates NBD PMI survey found
Private businesses have been hit hard by tax rises and by quotas and fees which make it more expensive to hire foreign workers
Oman’s external debt has increased rapidly in the last few years
The bank has predicted 2.7 per cent GDP growth in its last report three months ago
The travel and tourism and construction sectors saw softer growth in August
GCC governments need to “think logically” about how they balance the need to localise manufacturing, says report
Sources told Reuters that the Armaco IPO had been postponed indefinitely