UAE: MoHRE launches automated system for employment contracts
The Ministry of Human Resources and Emiratisation (MoHRE) has launched an automated system to complete employment contracts without human intervention.…
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UAE: Employees look at new jobs with higher salaries in 2023
If UAE businesses want to retain their top talent, they will have to bump up salaries according to the latest…
MultiBank Group relocates its headquarters to Dubai
MultiBank Group, one of the largest financial derivatives companies in the world, has moved its headquarters to Dubai from Hong…
At Dh690m for three Marina plots, Dubai sets new record for residential land sale
Into the final stretch of 2022, Dubai’s residential property market is still clocking in record deals, with a 100,000 square…
Central Bank of Kuwait raises discount rate
Kuwait's discount rate increased by 0.50% from 3% to 3.50% as of December 7, according to a statement issued by…
Dubai keen to improve cooperation with global partners, support global economic growth
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today toured the 43rd…
UAE’s non-oil private sector growth slows amid concerns of global slowdown
The UAE’s non-oil private sector added new businesses at the slowest pace last month since September 2021 amid signs that…
Global renewable power capacity growth set to double by 2027, IEA says
Global renewable power capacity growth is on track to nearly double in the next five years, overtaking coal as the…
UAE: Salaries, job security, work environment most important for jobseekers
Salary, work environment and long-term job security are the three top attractions for job seekers in the UAE in 2023,…
Abu Dhabi’s ADNOC, Malaysia’s Petronas sign unconventional oil concession agreement
UAE President Sheikh Mohamed bin Zayed Al Nahyan and King Al-Sultan Abdullah Sultan Ahmad Shah of Malaysia, witnessed the signing…
Bitcoin’s bearish futures are signalling a slowdown into 2023
Bearish traders are signalling that crypto losses will continue into next year, as risk-averse firms scale back from a market…
Dubai’s Majid Al Futtaim closes $1.25bln loan to back ESG ambitions
Shopping malls operator Majid Al Futtaim has secured a $1.25 billion sustainability-linked loan to support its environmental, social and governance…