|Up to Dh1-million fine: UAE authority warns of hefty penalties for promoting firearms, explosives online
Trafficking in and promoting firearms, ammunition, or explosives is a serious offence in the UAE, punishable by hefty penalties that include jail time and up to Dh1 million in fines.
|UAE: Pension authority inspectors granted judicial powers
Inspectors of the UAE’s General Pension and Social Security Authority (GPSSA) have been granted judicial powers when monitoring an employer’s compliance in implementing the pension and social security provisions for their Emirati employees.
|Sharjah shorter workweek: 3-day weekend a success; 88% increase in productivity
Sharjah’s shorter workweek has paid rich dividends, with employees reporting an 88 per cent increase in productivity and a 90 per cent rise in job satisfaction. The move has also left happier customers, with a satisfaction rate of 94 per cent.
|UAE’s first T-bond auction of 2023 gets bids worth Dh6.85b
The UAE’s first auction of treasury bonds for 2023 received bids worth Dh6.85 billion, oversubscribing 6.2 times as investors repose trust in the Treasury Bonds programme.
|Rising consumer confidence set to drive UAE economy
The UAE's consumers are becoming more confident and spending more that will fuel growth in the economy despite rising inflation and interest rates worldwide, experts say.
|Saudi king issues order promoting 148 members of Public Prosecution
Saudi Arabia’s King Salman has issued a royal order promoting 148 members of the Public Prosecution in various ranks, the Saudi Press Agency reported on Tuesday.
|Kuwait projects KD 5bn deficit
The finance ministry on Tuesday released the draft state budget for the 2023/2024 fiscal year, projecting a huge deficit of KD 5 billion due to a sharp drop in oil revenues and a rise in expenditures, the ministry said in a statement.
|KPC announces liquefied gas prices for Feb
Kuwait Petroleum Corporation (KPC) announced Tuesday the new prices of liquefied petroleum gas (propane) and (butane) for the month of February.