Friday 29 May 2015
 
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New rules set for housing workers in Bahrain

Landlords in Bahrain who risk the lives of expatriate workers by cramming them into cramped and dangerously rundown properties face jail and fines under amended legislation. The new rules state any property used for labour accommo

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Australia imposes cockpit 'rule of two'

The Australian government imposed a requirement on Monday that its airlines have two crew members in the cockpit at all times as a safety precaution following the Germanwings crash that killed 150 passengers and crew last week. Au

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Global watchdog to review new banking rule

Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticised during the euro zone de

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Thai visa rules relaxed for Bahrainis

Bahrainis can now stay an extra month in Thailand without requiring a visa. Thai authorities have introduced new policy on visa extensions for citizens from almost 50 countries including Bahrain, the UAE, Oman, Qatar and Kuwait, s

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Etihad plan to buy Darwin stake fails to meet Swiss rules

Swiss authorities have warned that a plan by Etihad Airways to buy a third of Switzerland's Darwin Airline does not meet legal requirements to be approved, as foreign stakes in European airlines come under increasing scrutiny.

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New sheesha rule approved in Bahrain

New rules allowing all of Bahrain's hotels to legally serve sheesha year-round have finally been approved by all five municipal councils.   Previously, the traditional tobacco pipe was only supposed to be ser

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Building rules to be toughened in Bahrain

Tougher construction regulations will soon be introduced in Manama after 15 cars were damaged when high winds blew aluminium cladding off a multi-storey building.   The Manama Municipality is spearheading the ini

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New rules threat to home businesses in Bahrain

Hundreds of low-income families across Bahrain could lose their only source of income as a result of new rules governing home businesses.   People can no longer modify their houses for such purposes if they are n

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Thomson Reuters issues new ‘Matching Rule Book’

Thomson Reuters has announced the publication of a new proposed Matching Rule Book for the entire Thomson Reuters Matching community and designed to reflect a higher standard for acceptable trading behaviours in foreign exchange.

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RAK Properties hails new mortgage rules

RAK Properties, Ras Al Khaimah-based biggest property developer, has lauded UAE Central Bank’s new mortgage rules as ‘a major step in the real estate sector’s journey towards greater maturity.’ By virtue of

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