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BE2C2 Report – A fifth of UAE companies face end of service liabilities of over $15 million, with 88 percent of GCC companies surveyed having no plan to fund gratuities
Continue readingUAE’s Proposed Fund Plans for Expats ‘Would Attract, Retain Global Talents’
Arif Naqvi was arrested in Britain last month and has been awaiting possible extradition to the United States where he faces charges of defrauding investors Aman Foundation UK faces winding
Continue readingAbraaj Founder Naqvi Given More Time to Raise $20Mln Bail
REUTERS – Saudi Arabia’s stock market fell on Sunday, in line with most Gulf markets, after the U.S. Pentagon approved the deployment of a warship and Patriot missiles to the
Continue readingRising U.S. Tensions With Iran Weigh on Gulf Stock Markets
USS Arlington, Patriot Missiles to Join Lincoln Carrier Strike Group in Middle East DESPARDES News Monitor: US officials told Reuters Friday that Acting Defense Secretary Patrick Shanahan had ordered the
Continue readingUS Making ‘Defensive Moves in Mideast Over Iran Fears’
The proposed sale would double the number of AH-64E Apache attack helicopters the Gulf country currently has DESPARDES News Monitor – The U.S. State Department has approved the sale of
Continue readingQatar to Receive 24 Apache Helicopters for $3 Billion
Kuwait presently has 30/70 ratio of expats and local population; it aims 50/50 ratio in next seven years The country has a purchasing power parity-adjusted GDP per capita of US$67,000
Continue readingExodus of 30,000 Expats From Kuwait in First Week of May
BE2C2 Report – Saudi businessmen and expatriates are excited over the Shoura Council’s decision Wednesday to approve draft Privileged iqama (residency permit) Law, similar to the U.S. green Card, providing
Continue readingSaudi ‘Green Card’ to Boost Non-Oil Economy, Reduce Remittances
Arif Naqvi was arrested in Britain last month and has been awaiting potential extradition to the United States where he faces charges of defrauding investors. REUERS – Arif Naqvi, the
Continue readingAbraaj Founder Kept in Custody in Absence of $20 Million Bail
DESPARDES News Monitor – Dubai property developers are going the extra mile to dispose off unsold stock ahead of potential upcoming supply of over 50,000 homes this year. Lucrative incentives,
Continue readingDubai Developers Offer Incentives, Freebies to Attract Property Buyers
SAEED HAIDER, ALBILAD Daily English Online – Come Ramadan and strategic locations in Dammam, Dhahran and Al-Khobar like mosques, super markets and crowded marketplace are swarmed by beggars mainly veiled
Continue readingWomen Beggars Outnumber Men; Saudi Authorities Conduct Raids
ALBILAD Daily English Online – Talk about traveling far to become someone’s best friend. FOX 10 reported that Newton the dog will become a service dog in Arizona after traveling from
Continue readingDog Rescued From Saudi Street Finds a New Home in US
DESPARDES News Monitor – Sudan’s Transitional Military Council (TMC) said on Tuesday it agreed on the general structure proposed by protest leaders and opposition groups but wanted the system to
Continue readingSudan Military Council Wants Sharia Source of Legislation