Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel Opec indicated there would be no cut-back in production, although a fall in the US dollar put a floor under prices
Facebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers.
Indian Prime Minister Narendra Modi has set in motion the first major revamp in decades of India's archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs.
Saudi Arabia has warned strict action against companies which fail to comply with the new wage protection system that has been introduced to protect the rights of both employer and employee, said a report.
The Ministry of Labor sa
Companies in the UAE are giving their employees average wage increases of 5.2 per cent this year, bucking the global trend for limited pay rises, said a survey.
The Mercer’s 2013 Total Remuneration Survey (TRS) also revealed
Kuwait's civil service commission has proposed wage increases of up to 330 Kuwaiti dinars ($1,190) per month for private sector employees after state workers were given pay hikes earlier this year.
Policymakers and economists in the ma
Saudi Arabia will soon launch a system to monitor wage payments to company staff, part of efforts to boost the participation of Saudi citizens in the workforce and keep track of foreign workers, the labour minister said on Monday.
In an in
Public sector wages in Opec member Kuwait are equivalent to about 85 percent of the country's oil revenues, its finance minister was quoted by state news agency Kuna as saying.
'This reflects the seriousness of the situation, if th
Egypt's finance ministry said on Monday it had begun implementing a 708 Egyptian pound ($119) per month minimum wage for current government employees, up from the 444 pounds paid under last year's budget.
Employees hired after July 1 will
Employers will be obliged to pay full wages for six months to any employee injured at work, under the new Private Sector Labour Law proposed to be intorduced in Bahrain.
This would be reduced to half-pay after six months, until the injure