Press Dossier   By Date  23/01/2022
New UAE law: What happens if postdated rent cheques bounce?
I am a Dubai resident and my business has run into some problems. With cheque bounce cases decriminalised in UAE, can you explain to me what happens if my postdated rent cheque is not honoured?
New UAE labour law: How to calculate gratuity if you're leaving your job after Feb 2
With the new labour law coming into effect on February 2, the old gratuity calculation scheme shall apply to private sector employees under unlimited contracts until their contracts are renewed to limited within the coming year, legal experts have said.
Dubai: Dewa inaugurated 16 new substations in 2021
Dubai Electricity and Water Authority (Dewa) inaugurated 16 new substations in 2021 at a cost of nearly Dh2.92 billion, said a press statement issued on Sunday.
Saudi developer Alakaria secures $106.6m loan for Riyadh land purchase
The Saudi Real Estate Co., also called Alakaria, has secured a bridge loan of SR400 million ($106.6 million) to finance part of the price of the land it’s purchasing in the east of Riyadh.
Brace for the trading week on Tadawul as earnings season comes into play
Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies.
Kuwait project activity gathered pace in fourth quarter of 2021
The total value of project awards in Kuwait surged to KD 556 million (+265 percent q/q; +279 percent y/y), according to MEED Projects. This brings the total value of awards in 2021 to KD 1.5 billion, up 13 percent on 2020.
Experts praise new Saudi specialist anti-fraud units
Legal and financial experts have supported the decision of the Saudi Attorney General Saud Al-Mojeb to create new specialized units for investigating financial fraud.
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