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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Saudi Arabia's army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East and South Asia where many of them originate.
Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers.
As weak oil prices prompt a drying up of
All expatriates, large companies and industries will be affected by the higher tariffs for water and electricity which will start to take effect from March 1.
Bahrainis are exempted from the new rates except those who have more th
More than 8,000 expatriates have so far benefited from the six-month general amnesty for workers staying illegally in Bahrain.
The Nationality, Passports and Residence Affairs (NPRA) assistant under-secretary for exits, search and