Tuesday 31 March 2015
 
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Saudi Arabia drawing down FX reserves to cover deficit

Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday. Tens of b

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‘Expats more likely to have TB than Bahrainis'

Foreign workers in Bahrain are more likely to have tuberculosis than Bahrainis, according to experts. Health Ministry statistics for the last 10 years indicate that there are up to 26 cases per 100,000 foreign arrivals, said a rep

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Top Bahraini minister wins social media award

Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa has won the award for Best Arab Political Figure in Social Media. He received the award from UAE Vice-President, Prime Minister and Ruler of Dubai Shaikh Mohammed

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Expat workers paid in wages row in Bahrain

More than 100 foreign workers in Bahrain who went on strike over non-payment of salaries have finally collected their wages for January and February, following the intervention of diplomats and labour officials. The men work for M

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Foreign investment sought for Bahrain’s pearling industry

Bahrain’s pearling industry is being opened up to foreign investment as the government looks to attract private companies to replace the country's existing Pearl and Gem Testing Laboratory. A Royal Decree amending the Pe

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New medical plan for expats in Bahrain

A new health care scheme for private sector foreign employees was launched in Bahrain yesterday (January 6). Each private company must pay an annual BD72 ($189.8) per expat employee on renewing work permits at the Labour Market Re

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Foreign investors in Bahrain 'can tap US market benefits'

Foreign investors have been told that by setting up manufacturing in Bahrain, they can get duty-free access to the US market, provided they add 35 per cent domestic content within the kingdom. At a panel discussion hosted by the A

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Steps to protect foreign workers in GCC approved

Gulf and Asian labour ministers have agreed on a series of initiatives aimed at boosting protection and improving conditions of employment for millions of foreign workers in the Gulf, officials said. The deal followed two days of

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Bahrain minister attends key UN session

Bahrain Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa took part in the opening of the 69th session of the UN General Assembly in New York, held under the theme 'Delivering on and Implementing a Transformative Post-2015 Development Agen

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Tadawul opening to foreign investors ‘a key milestone’

The Saudi Arabian index is the region’s most diverse capital market due to its size and maturity, and has been gearing up to welcome foreign investors for sometime now, said a report. Although foreign investors have been abl

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