300 garment units closed in BangladeshThe owners of 300 Bangladesh garment factories yesterday shut their operations indefinitely after days of violent pay protests by workers, threatening the country's biggest export already impacted by the global downturn. The decision to cl More… |
Pay protests may cut Arabtec marginsBuilding company Arabtec Holding's profit margins could shrink as much as 1.5 percentage points if Dubai heeds growing calls from construction workers for higher wages, Shuaa Capital said. The UAE cabinet called last week for "urgent" acti More… |