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Bahrain law on annual leave may be challengedBahrain's new Labour law governing annual leave for employees is allegedly costing companies millions of dinars and businessmen claim leave costs have doubled since the new regulations came into force last September, a repo More… |
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Jobs for locals: 48pc of Saudi firms in 'red zone'About 48 per cent of Saudi companies are yet to reach targets set for Saudization of jobs under the Nitaqat system, a report said. As many as 120,599 firms, out of the 248,828 in the kingd More… |
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Companies 'must embrace intellectual property'The companies today are creating value by shifting from a commodities economy to a knowledge-based sector that focuses on intangible assets and output in business in addition to embracing intellectual property (IP), said an expert. The app More… |
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UAE companies law reforms 'may disappoint'Long-awaited legislation that is meant to liberalise the economy of the United Arab Emirates may bring only modest changes, because of strong opposition from some Emiratis who fear they could lose out to foreigners, say analysts. In Decemb More… |
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Top firms eye UAE talent at career fairSeveral major companies and educational institutions are in the UAE to take part in the Al Ain Education & Career Fair with an eye on Emirati talent. The event opens today and will run till May 2 at the Al Khabisi Wedding Celebrat More… |
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Bahrain to allow Gulf firms to open branchesBahrain’s Cabinet yesterday (March 18) asked authorities concerned to draw up a draft law which allows companies owned by Gulf nationals to open branches in Bahrain. This is in line with a landmark decision taken at the 2010 GCC summit in More… |
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Number of firms in DIFC jumps 7pcThe Dubai International Financial Centre (DIFC) registered a 7 per cent increase in the number of active companies to 848 as at December 31, 2011, compared to 792 in 2010. Companies at centre came from around the world, with increasin More… |
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93pc of UAE firms to boost staffing in 2012Growth in the UAE workforce has continued at a steady pace throughout 2011 and this is set to continue into 2012 with 93 per cent UAE companies forecasting an increase in their headcount, said a report. However, the employers will be looki More… |
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Bahrain Bourse amends listing rules for firmsBahrain Bourse has amended regulations and requirements for listing of closed companies at the bourse. A resolution in this respect was issued by board of directors chairman Yusuf Abdulla Humood. The first article of the resolution stipula More… |
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Bahrain firms post $270m H1 profits, up 28pcCompanies in Bahrain reported a profit of $270 million in the first half of the year, an increase of 28 per cent year-on-year and a rise of 13 per cent quarter-on-quarter, said a report. Banks reported an earnings growth of 63 per cent ove More… |
