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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.
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...
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...
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...
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...
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...
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...
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.
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...
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.
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...
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."
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,...
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...
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.
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...
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...
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.
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...
The Department of Human Resources in the Government of Sharjah has offered job opportunities with salaries ranging between 25 and 30 thousand dirhams.
The Department of Human Resources in Sharjah revealed that the number of beneficiaries of the "Waffer" program for discounts has reached 71,737 beneficiaries of various categories, namely: employees of Sharjah government departments and...
Due to its insufficient precautions against money laundering and terrorist funding, the Central Bank of the UAE (CBUAE) fined a money exchange operating in the nation Dh4.8 million.
An increasing number of people are facing difficulties in paying their personal loan installments in the UAE, which leads them to resort to the idea of leaving the country to escape the financial problems that ensue. However, it should be noted that...
Throughout the year, (Emirates Airlines) plans open days and events that take place in hundreds of cities on six continents. It further stated that "(Emirates Group) requires more than 15,000 people for the current fiscal year, which ends in...
As it developed a set of procedures to get it, the Federal Authority for Identity and Nationality, Customs and Ports Security explained the processes for granting the golden residence.