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New UAE family business law explained: How it helps resolve disputes, distribute shares
A new law on family businesses will come into force in January 2023. Essam Al Tamimi, a legal expert and Essam Al Tamim, Founder and Chairman, Al Tamimi & Company says the law provides the necessary flexibility for families to manage their own affairs and organise the administration of their business.
UAQ Ruler pardons prisoners ahead of UAE National Day celebrations
His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has ordered the release of a number of prisoners, serving various jail sentences in punitive and corrective institutions in the emirate, ahead of the UAE's 51st Union Day.
Saudi defense ministry, Spain’s Navantia sign combat ships agreement
Saudi Arabia’s defense ministry and Saudi General Authority for Military Industries signed an agreement with Spain’s Navantia company to acquire and build a number of multi-mission combat ships for the Royal Saudi Naval Forces, the Saudi Press Agency reported on Thursday.
Egypt signs $1.1 billion renewable energy deal with AMEA Power
Egypt has sealed an agreement with AMEA Power a $1.1 billion agreement for a solar project and a wind farm with a combined capacity of about 1 gigawatt (GW).
National Assembly approves emergency election decrees
The National Assembly on Wednesday overwhelmingly approved two emergency Amiri decrees issued by HH the Amir ahead of the Sept 29 parliamentary elections to regulate the snap polls.
Kuwaitization of consultants at the Municipality a success, nears 100%
Kuwaitization covering consultants at the legal department of Kuwait Municipality will hit 100 percent in less than a year, Minister of State for Municipal Affairs Abdulaziz Al-Mojel said on Tuesday.
KFAED inks accord with UNHCR, Kuwait charity raises $1m
Kuwait Fund for Arab Economic Development (KFAED) inked on Tuesday an agreement worth KD 645,000 ($2.1 million) with the UN Higher Commissioner for Refugees to fund utilities for the displaced in the Yemeni governorate of Aden.
Riyadh governor sponsors MOUs to boost region’s youth development
Riyadh Gov. Prince Faisal bin Bandar sponsored the signing of two memorandums of understanding between the Riyadh Region Youth Council, the King Abdulaziz Center for National Dialogue, and the National Center for Mental Health Promotion, the Saudi Press Agency reported.
Saudi Tourism Development Fund signs partnership agreement with Hilton
Saudi Arabia’s Tourism Development Fund signed an agreement with Hilton on Tuesday to promote strategic partnerships between the two entities.
UAE jobs: What you need to know about 6-month probation period after new employment law went into force
Question: I will be taking up employment with a Dubai-based company shortly. Have probation rules changed after the new UAE employment law went into force?
How to calculate corporate tax payable and adjust foreign tax credit
The corporate tax will be applicable on the taxable profits, and businesses will be required to calculate the taxable profits to ascertain the correct amount of tax payable.
UAE issues warning after some companies cut salaries of Emirati job candidates
A UAE minister on Saturday issued a warning against companies that were found to have been taking advantage of the government's salary support programme for Emiratis.
New UAE resolution announced: 4 types of violations that lead to suspension of work permits
Failing to provide appropriate labour accommodation to eligible workers and human trafficking allegations are among the four violations that could result in suspension of new work permits for companies in the UAE, the Ministry of Human Resources and Emiratisation (MoHRE) announced on Friday.
How European VAT decisions could impact UAE businesses
The European Court of Justice (ECJ) is amongst the leading judicial authorities whose decisions are accepted as authoritative precedents by the tax authorities across the globe.
Saudi Arabia, Morocco sign deal to enhance cooperation in tourism
Saudi Arabia and Morocco signed a memorandum of understanding on Friday to encourage and develop cooperation in tourism, and coordinate efforts to achieve the sustainable development of the industry in both countries, the Saudi Press Agency reported.
New UAE resolution announced: 4 types of violations that lead to suspension of work permits
Failing to provide appropriate labour accommodation to eligible workers and human trafficking allegations are among the four violations that could result in suspension of new work permits for companies in the UAE, the Ministry of Human Resources and Emiratisation (MoHRE) announced on Friday.
Flurry of R&D cooperation deals signed as Sustainable Partnerships Conference ends
More than 50 cooperation and research partnership agreements were signed between universities and various sectors at the Sustainable Partnerships Conference held in Riyadh.
Saudi Arabia, Morocco sign deal to enhance cooperation in tourism
Saudi Arabia and Morocco signed a memorandum of understanding on Friday to encourage and develop cooperation in tourism, and coordinate efforts to achieve the sustainable development of the industry in both countries, the Saudi Press Agency reported.
ACWA Power signs JDA with Indonesia's Pertamina NRE to energize Tuban Refinery
Saudi Arabia's ACWA Power and Indonesian energy firm Pertamina New & Renewable Energy signed a joint development agreement on core utilities supplies to Tuban Grass Root Refinery and Petrochemical Project in Java, eastern Indonesia.
Deal signed to boost community participation in Saudi Camel Club events
The deal struck between the club and the Kingdom’s Heritage Commission will aim to promote local craft products, boost training, and develop marketing activities at the King Abdulaziz Camel Festival.
President of Turkmenistan praises economic ties with UAE and calls for trade boost
The president of Turkmenistan said his country is interested in increasing bilateral trade with the UAE, given its strategic location, its outstanding relations with countries around the world, and its highly qualified workforce.
Adnoc Drilling purchases three high-specification jack-up rigs
Adnoc Drilling Company on Monday announced that it has signed an agreement to acquire an additional three brand new high-specification offshore jack-up drilling units.
Qatar signs 27-year deal with China as LNG competition heats up
QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals.
Qatar signs world's 'longest' gas supply deal with China: energy minister
Qatar's state energy company announced a 27-year natural gas supply accord with China on Monday, saying it was the longest ever seen in the industry.
Saudi laws guarantee ‘secure environment’ for children
On the occasion of World Children’s Day, celebrated each year on Nov. 20, Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi noted the joint efforts of the ministry and governmental and private entities to promote the rights, protection and welfare of children and to enable them to achieve their aspirations, develop their capabilities, and ensure a brighter future for the nation.
New rules for smoother movement in historic Jeddah
Major areas in Jeddah’s historic Al-Balad district are being reorganized as part of a strategy to ease movement by the Saudi Ministry of Culture.
Kuwait to issue dependent visas for children under 5
The interior ministry is scheduled to start looking from Monday into applications for family visas for children under five, provided that both parents have valid residency permits in the country.
UAE Golden Visa: Change in minimum salary requirement causes spike in demand
Ever since the UAE decreased the salary requirement for Golden Visas for skilled professionals, the demand for the long-term residency has skyrocketed. Arabian Business Centre (Amer Centre – Sheikh Zayed Road) in Dubai has been issuing about 30-40 Golden Visas daily since the scheme was expanded back in October.
UAE jobs: Can bonuses be included in employment contracts?
Question: I am considering taking up a job in the UAE. Are bonuses common in the country? What about gratuity? Can I get these aspects added to my employment contract?
UAE and Finland to strengthen trade, economic co-operation
The first Political Consultation Committee between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry for Foreign Affairs of the Republic of Finland took place recently, at the headquarters of the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi.
EGA, Japan’s ITOCHU to explore joint industrial projects in UAE
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and ITOCHU Corporation of Japan, on Friday signed an agreement to explore joint projects in the UAE which would advance the goals of the nation’s Operation 300bn industrial growth strategy.
Non-Muslim divorces in UAE explained: Why Abu Dhabi's civil court is a game-changer
In a first win of its kind for a UAE court, a UK judge earlier this year ruled that the divorce of an English couple residing in Abu Dhabi, who had separately filed for divorce in two courts (Abu Dhabi Civil Family Court and the English High Courts), can be carried out in Abu Dhabi.
Deal signed to train, employ 15 Saudi women as desalination plant technicians
A deal to train 15 Saudi women as desalination plant technicians has been signed with a multinational utility company.
Madinah expands ‘smart city’ role
Madinah Development Authority finalized an agreement with the UN Human Settlements Program, UN-Habitat, on the sidelines of the Smart City Expo World Congress 2022 in Barcelona.
Saudi Arabia and Thailand sign landmark agreements on energy
Saudi Arabia and Thailand on Friday signed landmark agreements on energy cooperation and renewable power during Crown Prince Mohammed bin Salman’s visit to Bangkok.
Mandatory Emiratisation in UAE: Dh6,000 monthly fines, rules explained
Emiratisation — the employment of Emiratis — is among the top priorities for the UAE government. Earlier this year, the UAE Cabinet announced a comprehensive plan to boost Emiratisation in the private sector.
Saudi Arabia, Indonesia sign MoU to cooperate in energy fields
Saudi Arabia has signed a memorandum of understanding with Indonesia to cooperate in energy fields in pursuit of their common aspirations, according to the Saudi Press Agency.
Court to rule on poll challenges from next week
The constitutional court on Wednesday held its first hearing on about 50 challenges made against general election results and decided to issue verdicts on Nov 23 on some of the cases.
Arab Planning Institute and Regional Network ink MoU, boost cooperation
The Arab Planning Institute and the Regional Network for Social Responsibility on Tuesday signed a memorandum of understanding (MoU) to boost Arab cooperation and support development efforts in Arab countries regarding social responsibility and related matters.
Emiratisation in UAE: Fines issued against companies showing fake employment data
The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing fines and penalties related to fake Emiratisation data.
Judge caught red handed taking a bribe, faces prosecution
The Kingdom’s Oversight and Anti-Corruption Authority, or Nazaha, has arrested a judge who was caught red-handed taking a bribe from a citizen to issue a favorable verdict in his case.
PIF signs MoU with investment firm BlackRock to boost infrastructure project finances
US investment management giant BlackRock will create a dedicated team in Riyadh as part of a deal reached with Saudi Arabia’s Public Investment Fund to attract more investment into the Kingdom.
Saudi Arabia, Bangladesh sign deals on security and pilgrims
Saudi Arabia has signed a security deal with Bangladesh to tackle drugs and human trafficking and confirmed a streamlined pilgrimage system after a successful pilot period.
Residency, visit visa curbs eyed; fees to increase
Informed sources said it was agreed between members of the parliamentary interior and defense committee and Interior Minister Sheikh Talal Al-Khaled Al-Sabah to hold a meeting at the end of the month to discuss the new residency law, new mechanisms to grant visit visas and the rules of issuing residency permits.
KJA, PR society sign agreement
A memorandum of understanding was signed between Kuwait Journalists Association and Kuwait Public Relations Association at the KJA headquarters, as both sides agreed to cooperate on utilizing the most modern means in the field of public relations to contribute to development and achieve mutual goals.
KSPS signs agreement with ASPS
Kuwait Society for Plastic Surgeons signed an agreement with the American Society of Plastic Surgeons to enhance the practice in Kuwait.
New law to help cooperatives in diversification, cover more sectors
New Cooperative Law will encourage members of the community to establish cooperatives in new sectors and diversify their operations to increase its contributions to the UAE’s non-oil gross domestic product (GDP) to five per cent by 2031, says a top official of Ministry of Economy.
Dubai property rent calculator: How to challenge 'unfair' hike in prices
Question: Can you explain how Dubai's rental index works? I have received a rent increase notification that I feel is unfair. What should I do next? How do I challenge it and how does it work after that?
Gratuity in UAE: Will leave without pay impact final settlement calculations?
Question: I had to take some leaves without pay due to an emergency back home. Could you advise if this will impact my end-of-service gratuity? Also, please explain how it is calculated and paid.
New UAE rule: All employees must get job loss insurance from 2023, ministry announces
Purchasing an insurance scheme against job loss will be a mandatory requirement once the programme goes into effect from January 1, 2023, the Ministry of Human Resources and Emiratisation (MoHRE) has announced.
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