Press Dossier   By Date  21/08/2022
Can a travel ban be imposed over unpaid loans, credit card dues?
I am a Dubai resident. Under what circumstances can a travel ban be imposed on me over outstanding loans and credit card dues? How do I find if I have a travel ban?
UAE labour law: What to do if your boss refuses to accept your resignation
I work in a Dubai-based company. I resigned on August 1, 2022, but my boss has not acknowledged it yet. How will my 30-day notice period work in this scenario? Does it start from the day I put in the papers? What happens if my boss refuses to accept the resignation?
New visa, reforms to give job-seekers time to negotiate salaries
The new job exploration visa and an amendment to allow a longer grace period for residents with expired visas will help employers and prospective employees, recruitment and human resources experts say.
Saudi insurers post mixed H1 profits; MEDGULF posts losses of $35m
Major Saudi-listed insurers reported mixed earnings for the first half of the year in their announcements on Sunday, according to a report by the Saudi Stock Exchange.
Saudi Arabian Amiantit’s losses shrink 83%, reveals $107m project award
Saudi Arabian Amiantit Co. saw its half-year losses shrink by 83 percent, bolstered by continued sales growth.
Saudi developer Jabal Omar’s losses widen 316% despite revenue surge
Jabal Omar Development Co., one of Saudi Arabia’s largest listed developers, has seen its losses widen by 316 percent in the first half of 2022, despite a surge in revenues.
Non-oil Kuwaiti exports jump 60%
With a 60 percent increase, non-oil Kuwaiti exports during the first half of this year reached KD 209.1 million, an increase of KD 78.5 million, compared to KD 130.6 million in the same period last year.
Kuwait’s economic data, inflation prompted CBK rate hike: Bouresli
The Central Bank of Kuwait (CBK) raised the discount rate for the fifth time this year by about a quarter of a percentage point, from 2.5 to 2.75 percent, with the aim of maintaining the attractiveness of the dinar, expanding the margin between the domestic discount rate and the US interest from its narrowest level in a century, according to the latest banking data.
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