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Press Dossier   By Date  13/08/2022
How new law protects employees’ gratuity, end-of-service benefits
The UAE has announced a new resolution regarding bank guarantees from employers and employees’ protection insurance scheme for the companies operating in the private sector.
Abu Dhabi introduces new machine learning programme to follow up on criminal cases
A new smart program has been developed to follow up and speed cases in Abu Dhabi criminal courts using machine learning, authorities have announced.
Inflation in UAE: Government disburses allowances to 47,300 low-income Emirati families
The UAE government has disbursed inflation allowances to 47,300 low-income Emirati families to help them cater for the increasing prices of food, fuel, electricity and water.
Dubai Investments reports net profit of Dh364 million in H1
Dubai Investments has reported a 20.5 per cent rise in net profits to Dh364 million for the six-month period ended June 30, 2022, as compared to Dh302 million in the same period last year.
Dubai real estate remains resilient with Dh21 billion transactions in July
Dubai real estate has once again proved its resilience by attracting record Dh21 billion investment through 7,092 sales deals in July, which is considered the best start for the second half of the year in the past 12 years.
Saudi Electricity secures $568m funding for interconnection project with Egypt
State-owned Saudi Electricity Co. has obtained $568 million in financing to fund the Saudi-Egypt electricity interconnection project.
Saudi miner Ma’aden’s shares up 10% as profit more than triples
Saudi Arabian Mining Co.’s, or Ma’aden, shares soared after announcing its profit more than tripled to SR6.2 billion ($1.7 billion) during the first half of 2022.
Saudi National Bank eyes additional sukuk issuance
The Saudi National Bank has mandated SNB Capital Co. to advise on the proposed issuance of an additional riyal-denominated sukuk, it said in a bourse filing on Thursday.
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