Business Page 4

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.

Ministry of human resources: Prohibition of work in open spaces from June 15 to September 15
Abdallah Shahin - 11 months

From June 15 to September 15, 2023, the Ministry of Human Resources and Emiratisation declared a prohibition on conducting labour under the sun and in open locations from 12:30 p.m. to 3:00 p.m. everyday.

Dubai: exceptional one-month discounts for cardholders
Abdallah Shahin - 11 months

The Dubai Festival City Mall launched the "Easaad Festival Discounts" event, which was organised by the Esaad Card Centre in Dubai Police in collaboration with the "Dubai Festival City Mall", with the participation of over 150...

The date of the ban on working in open places in the Emirates
rawda samy - 11 months

The Ministry of Human Resources and Emiratisation announced the date of the ban on working in open areas in the Emirates, which will continue to apply for a period of 3 months, starting from June 15 and ending on September 15.

Check and Pay your PESCO Bill Online: A Convenient Solution for Bill Payments
Muhamed abdo - 11 months

In this article, we will explore the benefits of online bill payment, the step-by-step process to check and pay your PESCO bill online, frequently asked questions (FAQs), and more.

UAE tax service: applying private clarification charges on 1st June
Asma Ahmed - 11 months

The UAE Ministry of Finance has published three new decisions in accordance with Federal Decree-Law No. 47 of 2022 on corporate and commercial taxation. These include Ministerial Decision No. 132 of 2023 on transfers within a qualifying group,...

UAE introduces limit on corporate tax's maximum net interest rate
Asma Ahmed - 11 months

The Ministry of Finance and the Federal Tax Authority (FTA) have issued clarifications regarding corporate tax ahead of its implementation on June 1, 2023. These clarifications aim to provide guidance and ensure smooth compliance with the new...

A significant drop in oil prices in the UAE.. Super 98 fuel 2.95 AED
Ahmed Moawad - 11 months

Oil prices witnessed a significant drop in prices during the month of June 2023, and based on what is known to all, fuel prices in the UAE and the rest of the world are affected by many variables, as they rise and fall continuously.

UAE..The date of collection of a fine for employees who do not participate in unemployment insurance
rawda samy - 11 months

The United Arab Emirates announced the setting of a date for collecting a fine for employees who do not participate in unemployment insurance. It also clarified the amount of the fine and the cases of forfeiture of the right to obtain compensation....

Urgent Emirates: Providing 500 jobs in the private sector
Abdallah Shahin - 11 months

During a press conference, the Ministry of Industry and Advanced Technology announced the creation of 500 jobs in the private sector across the country's emirates, while the Emirati Cadres Competitiveness Council (Nafis) disclosed the employment...

An urgent statement on what has been published about the opening of employment for all nationalities in Ajman
Abdallah Shahin - 11 months

The general leadership of the Ajman Police has disputed the information that early adopters of social networking platforms spread about opening the door to employment for people of all nationalities, alternatives, and other data that are not based in...

Council of ministers: starting from Thursday, the implementation of the decision on new tax fees
Abdallah Shahin - 11 months

The Federal Tax Authority (FTA) will begin operations the day after Thursday; the Council of Ministers Resolution No. 7 of 2023 on amending certain provisions of Council of Ministers Resolution No. 65 of 2020 on fees for services provided by the...

UAE Government: Conditions of the Working Hours Law in the UAE for the private sector
Abdallah Shahin - 11 months

Without a doubt, the working hours laws in the United Arab Emirates for the private sector were enacted by a shrewd government in order to preserve the rights of workers and safeguard their interests. Below is a list of these conditions:

UAE: Metito and Orascom to build a multi-billion$ desalination project
Asma Ahmed - 11 months

Metito and Orascom Construction have formed a joint venture to build a massive desalination plant in Abu Dhabi. Orascom Construction will construct, own, and operate the facility alongside ADNOC and TAQA.

Modifying the unified employment contract form in the private sector in the UAE
rawda samy - 11 months

Members of the Federal National Council in the United Arab Emirates are seeking to amend the unified employment contract form in the private sector in the Emirates in order to provide protection for the employer and investor from violating the...

Identifying 10 risks of violating the occupational safety system for workers in the UAE
rawda samy - 11 months

The United Arab Emirates recently identified 10 risks violating the occupational safety and health system for workers in the UAE, related to work sites, as part of the great effort made by the state to provide more protection for workers in the...

UAE e& achieves partnership with Bespin Global 2023
Asma Ahmed - 11 months

The UAE's e&, previously known as Etisalat, has concluded the formation of a joint venture (JV) with South Korea's Bespin Global to build a new company.

Shopping malls in Dubai are witnessing a high turnout with the launch of "big discounts"
Abdallah Shahin - 11 months

Shopping malls in Dubai witnessed a huge turnout with the launch of the "3 Days of Big Discounts" event, organized by the Dubai Festivals and retail establishments, which continues until May 28, during which participating malls and stores...

The UAE allows citizens of this country to obtain an electronic entry permit without complications
Ahmed Moawad - 11 months

The Federal Authority for Identity, Nationality, Customs and Ports Security in the United Arab Emirates announced the issuance of an entry visa for residents of the Gulf Cooperation Council countries electronically and without any complications.

Urgent Dubai: a decrease in the price of gold and an increase in the percentage of sales
Abdallah Shahin - 11 months

According to price indicators released in Dubai and Sharjah, gold prices decreased between 3.5 and 5.5 dirhams for various calibers by the end of the week compared to their prices at the end of the previous week. The prices of the yellow metal...

The date for amending the duration of work permits in the Emirates and raising the maximum salary
rawda samy - 11 months

The UAE parliament has recently discussed amending the duration of work permits in the UAE in line with the conditions of small companies that have been burdened by the burdens of the recent short duration of work permits, and discussing raising the...

How Etisalat Quick Pay Can Simplify Your Bill Payments
mohamed shalaby - 11 months

Are you tired of the hassle of paying your bills every month? Do you find yourself constantly juggling multiple due dates and payment methods? Look no further than Etisalat Quick Pay, the ultimate solution to simplify your bill payments. With Quick...

Urgent.. Announcing the salary increase of employees in the Emirates during the month of May
rawda samy - 11 months

A few hours ago, the Emirates Group announced the disbursement of a 24-week salary bonus with the salaries of the month of May for employees in the Emirates, after the group witnessed an increase in the percentage of profits and reaching record...

Reward, plane ticket, and 25,000 dirhams for unjust UAE employee dismissal.
rawda samy - 11 months

A few days ago, a court in the United Arab Emirates awarded a reward, a plane ticket, and 25,000 dirhams to an employee who had been wrongfully fired.

List of ADCB Branches and ATMs in Abu Dhabi UAE
Muhamed abdo - 11 months

WE will supply you with a detailed list of all of the ADCB branches and ATMs located in Abu Dhabi, including their addresses, phone numbers, and hours of operation in the United Arab Emirates.

What legal actions can an employer take against me if I violate a non-compete clause?
Abdallah Shahin - 11 months

I have just received a job offer from a Dubai-based corporation. I inked a non-compete agreement with my current employer. What legal actions can be brought against me, and how can I defend myself?

UAE making a lot of progress in the field of crypto
Muhamed abdo - 11 months

Experts told Arabian Business that the UAE is "ahead of the curve" in regulating bitcoin and digital assets, predicting a legal framework within five years.  

New working conditions for Filipinos in Kuwait 2023
Abdallah Shahin - 11 months

The system of employment contracts for foreign expatriates, particularly workers of Filipino nationality, was brought to light by the authorities of the Philippines as well as the Manpower Authority in the state of Kuwait.

Fam Holding Group launches Mahra Maldives Project of 800 Mln AED
Asma Ahmed - 11 months

“Fam Holding” group announced the release of “Maldives” resort, their hotel residential project at the Maldives with 800 Million AED investments

Announcing the jobs that will disappear in 2027
Abdallah Shahin - 11 months

On the first of May, a report on the future of jobs was published, which was issued by the World Economic Forum, in which it revealed the jobs that will disappear before 2027، It also revealed possible expectations regarding jobs in the near future...

UAE announces Raise the price of gasoline and lower the price of diesel
Ahmed Moawad - 11 months

The Fuel Lend Follow-up Committee in the United Arab Emirates has just announced a 15 fils increase in gasoline prices and a 12 fils decrease in diesel prices per litre, respectively, effective immediately for the month of May 2023.

The most demanded jobs over the next five years
Abdallah Shahin - 11 months

On the first of May 2023, the Economic Forum published a new report that includes the most demanded jobs during the next five years. The report included the top 10 jobs that are expected to achieve significant growth and maintain their survival, as...

Urgent price of the UAE dirham today against (dollar, rand, pound, rupee, peso, dinar, taka and riyal) and oth
Abdallah Shahin - 11 months

We offer you the price of the UAE dirham today against Arab and foreign currencies, in an update of the latest findings of the UAE official currency against international currencies.

How to Check Your FAB Bank ATM Balance Online
Muhamed abdo - 11 months

FAB Bank, also known as First Abu Dhabi Bank, is one of the largest banks in the United Arab Emirates

How Much Is the Visa Fee for Abu Dhabi?
Muhamed abdo - 11 months

If you're planning a trip to Abu Dhabi, you'll need to obtain a Abu Dhabi visa to enter the United Arab Emirates (UAE)

Commodity prices go down 21% in 2023, marking the biggest decline since the epidemic
MoMansour - 11 months

According to the World Bank, food prices will drop by 3% in 2024 and 8% this year.

Introducing a global hotel brand, Azizi Developments expands into the hospitality industry : ATM Dubai 2023
MoMansour - 11 months

Soon, Azizi will launch the new international brand, under which it will create and buy hotel properties that it will later own and manage.

UAE announced an increase in the price of petrol effective May 2023
Muhamed abdo - 11 months

The United Arab Emirates determines the price of petrol for the month of May - price of petrol uae

Urgent Emirates .. Banks announce an offer to exempt from fees and 50% of the salary in cash in this case
Abdallah Shahin - 11 months

Several banks in the United Arab Emirates have announced offers to purchase customers' "debts" from other banks. These offers include receiving 50% of the salary, a cash gift after transferring the debt and depositing the salary for...

Urgent UAE.. Parliamentary proposal regarding the wealth of foreign residents
Abdallah Shahin - 11 months

Hamid Ali Alabbar Al Shamsi, a member of the Federal National Council, made a parliamentary proposal to the Ministry of Justice to alter Federal Law No. They are referred to as heirs or claimants and act as charity endowments established in the...

Approval of hundreds of new jobs in the UAE
Abdallah Shahin - 11 months

Sheikh Sultan Al Qasimi Sharjah is credited with approving new job chances, according to the Emirate of Sharjah. The official newspapers of the UAE announced that vacancies were supplied in Sharjah, including 834 new approved job opportunities, for...