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Press Dossier   By Date  04/01/2023
UAE job loss insurance scheme: Who pays and subscribes, employee or employer? Law clarified
Employers in the UAE are neither required to register their employees nor pay for the mandatory job loss insurance scheme, which came into effect on January 1, 2023.
UAE: Sharjah Ruler directs grants to 4,500 retirees
His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed the speedy transfer of "decent living" grants to 4,500 retirees from the emirate's citizens affiliated with the non-Sharjah government agencies.
Saudi Arabia’s new industrial licenses rise 5.1% in November
Industrial projects worth SR7.2 billion ($1.9 billion) were approved by Saudi Arabia in November as the Kingdom signed off on 82 new licenses – a month-on-month rise of 5.1 percent, according to the National Industrial and Mining Information Center.
Saudi airline flynas records 91% growth in passengers to 8.7m in 2022
Saudi airline flynas witnessed an annual passenger rise of 91 percent in 2022 to 8.7 million, as the low-cost carrier benefitted from the tourism sector's post-pandemic resurgence.
Saudi private sector to drive water industry growth as Kingdom ups desalination capacity
Saud Arabia has been recognized as a water sector growth hotspot on the back of its considerable private sector opportunities, according to a report released ahead of the World Future Energy Summit, to be held from Jan. 16-18 in Abu Dhabi.
PIF-owned developer ROSHN signs $1.6bn credit facilities with Saudi banks to ramp up operations
In a move to expand its funding base, Saudi real estate developer ROSHN signed SR6 billion ($1.6 billion) worth of credit facilities deals with three of the Kingdom’s leading banks.
First Zakat, Tax and Customs Conference to be held in February in Riyadh
Saudi Arabia’s Zakat, Tax and Customs Authority is organizing a conference on Feb.8-9 in Riyadh to discuss the latest global taxation trends.
Govt meets MPs, says buying loans will be expensive
HH the Prime Minister Sheikh Ahmad Al-Nawaf Al-Sabah, accompanied by some ministers on Tuesday, held talks with lawmakers on expanding cooperation, but the government informed MPs that purchasing citizens’ consumer and personal loans is expensive.
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