Sunday 21 December 2014

Oman to limit expat work force to 33pc

Oman is set to limit the proportion of expatriates working in the private sector from 39 to 33 per cent, said a report. The initiative comes as part of an effort to increase the percentage of national manpower in the private secto


Saudi Arabia delays decision to limit expat stay

Saudi Arabia has put off a move to restrict the stay of foreign workers to seven years and discourage them from bringing their families to the Kingdom, a report said. The implementation of this draft decision and other draft resol


UAE may exempt bonds from loans cap

The UAE's central bank has told banks they may be allowed to exclude bonds issued by state-linked entities from planned lending limits slated to take effect later this year, a local newspaper said. In April, the central bank expanded its l


Spain sets limits on public deficit

Spain reached political consensus to set constitutional limits on its public deficit and debt, though there were few signs the accord would persuade markets Madrid can manage its finances as growth slows. The constitutional amendment agree

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