Expats over 60 in Saudi to account for two employees under Nitaqat scheme

Expats registered as investors, academicians and doctors will be exempt from the ruling

UAE’s non-oil sector sees slowest growth in new orders since 2010

Orders slowed in September due to weaker demand from external markets

UAE begins implementing new wage protection scheme

The decree will impose hefty fines on companies that fail to pay their workers on time

The importance of start-ups to the halal economy

A growing number of Muslim-centric businesses are helping to diversify the halal economy

Drop in haj visitors hits Saudi businesses

One of the reasons for the declining visitor numbers is the absence of Iranian pilgrims

Dubai reveals new public parking rates for commercial areas

Dubai’s private sector hiring remains slow despite overall growth

The monthly Emirates NBD business tracker found Dubai’s private sector growth on track in August

gavel

UAE bankruptcy law may be finalised by end-2016

Under existing legislation, unpaid debt or a bounced cheque can land businessmen in jail

Saudi prince to discuss reform drive in visits to China, Japan

Saudi officials will also discuss energy cooperation agreements with the two countries

Filipino workers stranded in Saudi to be provided free air tickets

Help is also being provided for workers to switch companies in the kingdom

Saudi increases visa fees, traffic fines to boost revenues

A multiple exit and re-entry visa costing SAR500 will only be valid for three months, compared to six months earlier.

UAE non-oil private sector sees strongest hiring since May 2015

Monthly Emirates NBD index says growth in the sector hit a 10-month high in July

Saudi plans $1.1bn fund for smaller companies

The fund will invest in venture capital operations

Kuwait to invest $15.75bn in 2017-18 development plan

Financing of the current five-year development plan is being shared by the public and private sectors

India to bring back workers facing ‘food crisis’ in Saudi

The workers are unable to afford meals after being laid off from their jobs

UAE issues decree to ensure workers are paid on time

Violating companies can face fines of up to Dhs 50,000 and a ban on new work permits

Dubai among top five cities globally for entrepreneurs

The emirate ranked high on ease of doing business and political safety and security

Dubai reveals new public parking rates for commercial areas

Dubai business conditions improve in June

The emirate saw the fastest rise in new work since March 2015, finds Emirates NBD index

Hiring in UAE’s non-oil private sector slows further in June

The rate of hiring was among the weakest recorded by the monthly Emirates NBD survey

Saudi non-oil GDP growth to slow to 2.8% this year

The kingdom’s non-oil GDP growth stood at from 3.4 per cent in 2015

New Dubai Industrial Strategy to help generate Dhs 160bn by 2030

The strategy will focus on six sub sectors such as aerospace, maritime and aluminum, among others

Market volatility to intensify as Brexit vote looms

Expats urged to keep a close eye on their investments as Thursday’s vote approaches

Qatar predicts three years of budget deficits as low oil prices bite

Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years

Gulf sovereign investors miss targets by 2% in 2015

Real estate allocations grow by 4 per cent since 2013, report by Invesco

Qatar and UAE ranked as best countries for 'career-orientated' women

80% of professionals would leave GCC if income tax introduced

VAT in the UAE will bring higher inflation, society of finance professionals said

Saudi Central Bank bans betting against riyal peg

Kingdom’s stock market fell sharply on Sunday ahead of sweeping reforms

Aramco, GE and Cividale reveal $400m Saudi manufacturing plant

To be operational in 2020, the facility will create 2,000 jobs in the kingdom