Leading specialists in pension and human-resource benefits administration, asset management and long-term investment plans will be in Bahrain for a key finance summit this month.
The Middle East and North Africa (Mena) Pensions Co
Saudi Arabia has paid about $1 billion to Saudi Binladin Group, its biggest construction company, to enable it to cover unpaid back wages for its construction workers (majority of them from the Indian subcontinent), said a report.
Five years ago Samer Habib left the United Arab Emirates and moved to Qatar where he opened a restaurant that turned a profit serving Lebanese salads and sandwiches to expats.
In June, the business folded.
Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign workers to make up for falling oil revenues.
Around a third of the 30 million in
Bahrain MPs have voted to slash domestic electricity charges for Bahrainis by a third and pass the burden onto expats and the private sector, reported the Gulf Daily News, our sister publication.
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Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil.
The total workforce at Binladin,
Kuwait's National Assembly has passed a law allowing the government to increase electricity and water charges for expatriates.
The law completely excludes Kuwaiti citizens.
The new charges will not take effect b
Saudi Arabia will introduce a "green card" system within five years to allow resident expatriates in the kingdom to have more rights in order to improve its investment climate, Deputy Crown Prince Mohammed bin Salman said on Monday.
Domestic workers account for almost 20 per cent of Bahrain’s expat workforce, reported the Gulf Daily News, our sister publication, adding that the number of domestic staff almost trebled since 2004.
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