Business Page 2

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.

An expatriate in Dubai announces how he earns 2 million dirhams per month
rawda samy - 6 months

It is revealed that an expatriate living in Dubai Alaa Mohra brings in a monthly salary of two million dirhams.

Urgent: The UAE announces the dates for disbursing pensions for the year 2024
Abdallah Shahin - 6 months

Pension payments for 2024 will be disbursed on the dates notified by the General Authority for Pensions and Social Security.

Urgent.. The UAE announces the start of implementing job nationalization goals in the private sector
Abdallah Shahin - 6 months

The Ministry of Human Resources and Emiratisation has initiated the implementation of the Cabinet's decision to broaden the scope of Emiratization targets. This decision applies to private companies operating in 14 specific main economic...

The UAE is implementing a new ministerial decision regarding employees starting in January 2024
rawda samy - 6 months

A new ministerial decision concerning employees is going to be implemented in the United Arab Emirates beginning in January 2024.

UAE issues a new guide to determine who is subject to taxes
rawda samy - 6 months

There is a new guide that the UAE has issued to establish who is liable to pay taxes.

The Human Resources and Emiratisation imposes a fine of 96 thousand dirhams within a few months
rawda samy - 6 months

The Ministry of Human Resources and Emiratisation in the UAE imposes a fine of 96 thousand dirhams within a few months

MOHRE UAE: Companies are required not to deduct amounts from employees’ salaries in this case
Abdallah Shahin - 6 months

When the employer pays the basic subscription amounts, the Ministry of Human Resources and Emiratization has mandated that they not deduct the subscription amount from the wage of the employee who is registered in the "savings system," an...

Urgent: Sheikh Hamdan bin Mohammed distributes a reward of 152 million dirhams to these workers in Dubai
Abdallah Shahin - 6 months

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved the disbursement of a performance bonus to civilian employees in government agencies subject to the Dubai Government Human Resources Law, No. (8) of 2018, in the amount of 152 million dirhams....

Dubai gives employees a 152 million-dh bonus
rawda samy - 6 months

A bonus of Dh152 million has been approved for government employees in Dubai.

The most important recruitment companies in Dubai
Abdallah Shahin - 6 months

We present a number of the most important and best recruitment company websites in Dubai, along with contact information for each of them:

Expats in the UAE paying rent and bills by streaming games online
rawda samy - 6 months

Streaming games online allows expats in the United Arab Emirates to pay their rent and utilities.

Salary survey in the UAE.. How to make more money in 2024
rawda samy - 6 months

According to a survey of salaries in the United Arab Emirates, you might be earning more money in 2024.

The Ruler of Sharjah announces the creation of 3,000 job opportunities in the emirate
Abdallah Shahin - 6 months

A member of the Supreme Council and the ruler of Sharjah, Sheikh Sultan bin Muhammad Al Qasimi, made an announcement regarding the employment of three thousand citizens in Sharjah during the current year 2023. These citizens will be hired for new...

An expat driver in the UAE wins one million dirhams
rawda samy - 6 months

A one million dirham award has been given to a driver from Bangladesh who is working in the United Arab Emirates.

Free for two years” The UAE announces the steps to apply for a work permit for this profession
Abdallah Shahin - 6 months

The United Arab Emirates Ministry of Emiratization and Human Resources has made an announcement regarding the approval of a "private teacher work permit" with the Ministry of Education. The purpose of this permit is to facilitate the...

A new statement regarding the system of remote work in the UAE
rawda samy - 6 months

The remote work system in the UAE is one of the best in the world and is ranked fourth in the world.

The Ruler of Sharjah issues a new law regarding employment and Human Resources
Abdallah Shahin - 6 months

Sheikh Dr. Sultan Al Qasimi, Ruler of Sharjah, issued Decree Law No. 7 of 2020 amending some provisions of Law No. 6 of 2015 regarding human resources for the Emirate of Sharjah.

The UAE announces jobs with salaries up to 21 thousand dirhams
Abdallah Shahin - 6 months

The 25th edition of the UAE National Career Fair is held by Expo Sharjah. The participating companies indicated that opportunities will be provided in various specializations for young people and recent graduates, while clarifying that the jobs will...

Urgent: A statement from the UAE Central Bank for bank customers and current accounts
Abdallah Shahin - 6 months

The Central Bank has mandated that any and all direct interactions with customers, carried out for the purpose of advertising or marketing banking products, loans, or credit cards, must be carried out with the explicit agreement of the customer,...

The UAE determines how to calculate the annual leave of part-time employees and end-of-service benefits
rawda samy - 7 months

The United Arab Emirates' Labour Law governs both the method of calculating annual leave for part-time employees and the method of calculating end-of-service rewards.

The Labour Law specifies cases in which it is permissible to work more than one part-time job in the UAE
rawda samy - 7 months

The United Arab Emirates (UAE) has a labour law that outlines the circumstances under which it is acceptable to hold more than one part-time job.

The UAE sets registration instructions in the unemployment insurance scheme
rawda samy - 7 months

The mandatory Unemployment Insurance Scheme of the United Arab Emirates (UAE) was implemented on Sunday, January 1, 2023, with an additional grace period until October 1, 2023.

Human Resources announces the imposition of financial fines on employees in this case
Abdallah Shahin - 7 months

Employees who are not committed to participating in the unemployment insurance system or who are not dedicated to paying their due premiums according to the payment periodicity established by them will be subject to financial sanctions, as declared...

Urgent UAE: Statement regarding fees for financial transfers to other countries
Abdallah Shahin - 7 months

The Chairman of the Board of Directors of the Group of Banking and Money Transfer Institutions in the Emirates, Muhammad Al-Ansari, said that “exchange companies still maintain their share in the money transfer market in the country, even with the...

The UAE announces 7 violations that require stopping “financial support” in the private sector
Abdallah Shahin - 7 months

It has been confirmed by the Emirates Competitiveness Council (NAFES) that a citizen who loses his job in the private sector and refuses to join any of the available job opportunities that have been provided to him will forfeit his right to receive...

Human Resources and Emiratisation: 36 thousand jobs in the private sector
Abdallah Shahin - 7 months

For the private sector companies that are included in the semi-annual Emiratization percentage decisions for skilled jobs, the Ministry of Human Resources and Emiratization anticipated that the Emiratization targets would reach 36,000 jobs by the end...

Urgent UAE: A decision to reduce fuel prices starting tomorrow
Abdallah Shahin - 7 months

When compared to the prices that were in effect during the month of November 2023, the Feeling Prices Follow-up Committee gave its approval to a reduction in the prices of gasoline and diesel for the month of December 2023. The reduction was seven...

Urgent UAE: Banks retroactively deduct 159 dirhams as a fee for low “balance”
Abdallah Shahin - 7 months

The traders stated that the banks they work with retroactively deducted a fee for a period of six months for the minimum balance in their bank accounts falling below 3,000 dirhams. They pointed out that they opened those accounts and did not use them...

Announcement of 4 vacancies to work with Cristiano Ronaldo with good salaries and 50 -day leave
Abdallah Shahin - 7 months

It was reported by Spanish media that there are four open positions that are available to operate under the canopy of Cristiano Ronaldo. This is a chance that cannot be replicated and comes with a lot of advantages.

Abu Dhabi: There is no increase in the insured’s continued subscription to the service
Abdallah Shahin - 7 months

The Abu Dhabi Retirement Fund disclosed that the implementation of the decision regarding the minimum retirement age for the insured, which is contained in the new amendments to the Retirement Law of the Emirate of Abu Dhabi (55 years), will be...

30 thousand dirhams in compensation to a worker in Abu Dhabi due to his exposure to abuse
Abdallah Shahin - 8 months

The Abu Dhabi Family, Civil, and Administrative Claims Court came to the conclusion that a client must compensate a worker with 30,000 dirhams because the client insulted and assaulted the worker while the worker was on the job.

The UAE Central Bank: A decision on "instant" transfers through banks
Abdallah Shahin - 8 months

As of the first of this November, the Central Bank permitted banks to raise the ceiling for financial transfers between bank accounts locally "at the same moment" to 50,000 dirhams, up from the 25,000 dirhams that had been in effect...

The Emirates announces good job opportunities in Ras Al Khaimah
Abdallah Shahin - 8 months

Through its website and the open recruitment day, the Ras Al Khaimah government's Department of Human Resources highlighted the availability of private sector job opportunities in collaboration with "NAFES."

Urgent UAE.. Reasons for citizens and expatriates selling gold bullion and coins to stores
Abdallah Shahin - 8 months

The price of gold has experienced a consistent upward trend for the third consecutive week, resulting in an increase in its indicators by the end of this week. The values of gold, measured in various karats, have ranged between 1.75 and 2.25 dirhams,...

Urgent UAE.. Statement regarding individual deposits in state banks
Abdallah Shahin - 8 months

According to the statistical bulletin released by the Central Bank yesterday, the cumulative balance of individual deposits reached its highest level to date. The data indicates that the value of deposits made by individuals in state banks during the...

UAE launches electronic platform to fight money laundering and counterfeiting
Ahmed Moawad - 9 months

The government of the United Arab Emirates has taken a number of very important measures to address many serious economic crimes, and the government has launched an electronic platform to report these crimes that greatly affect the UAE economy.

UAE : Jobs That Are Most in Demand For 2023
mohamed shalaby - 9 months

Emirates of the United Arab League According to recruiting specialists, in 2023 there will be a demand for analysts, cybersecurity site designers, psychologists, and researchers, in addition to creating technologies such as AI, ML, and DX. This...

‏Abu Dhabi: Statement regarding the insured in cases of “absence from work”
Abdallah Shahin - 10 months

While pointing out that it offers automated and flexible payment methods that don't require any time or effort from the employer, the Abu Dhabi Retirement Fund confirmed that paying retirement contributions on time by employers protects...

UAE: Up to Dh400,000 fines unveiled per Commercial Agencies Law
Asma Ahmed - 10 months

In a significant development, the UAE Commercial Agencies Law has recently been amended, introducing stricter penalties for violations. These amendments include the confiscation of goods and fines reaching up to Dh400,000.

5 cases that allow the employer to deduct the employee’s end of service gratuity
Abdallah Shahin - 10 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...