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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

14/08/2022

	UAE visa for widows: Does one-year residency extension need a sponsor? A friend of mine passed away recently. I am helping his family out. Could you please explain to me what happens to the visa of his wife and children who were under his sponsorship?
	Will I face employment ban if I resign while on leave? I am in a peculiar situation. I work in a Dubai-based company and am currently on vacation in my home country. Due to some unforeseen circumstances and a genuine emergency, I will not be able to come back to the UAE as my presence is required in my home country to sort some things out.
	UAE banks have strong buffers to weather severe shocks: Central Bank The UAE banking system has adequate capital and liquidity buffers to withstand severe shocks, the Central Bank of the UAE (CBUAE) said on Thursday, and indicated that the final third phase of the Dh50 billion Targeted Economic Support Scheme (TESS) measures would continue during the second half of 2022.
	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.
	Oil behemoth Aramco beats forecasts with record Q2 profit of $48.4bn Saudi Aramco’s profit has surged 90 percent in the second quarter of 2022, beating the median of analysts’ forecasts with the highest quarterly profit since going public in 2019.
	Saudi banks increase loans by $77.1bn in Q2 Saudi Arabia’s bank loan portfolio rose by SR289 billion ($77.1 billion) in the second quarter of this year from the same quarter a year ago, according to a recent statistical bulletin released by the Saudi Central Bank, also known as SAMA.
	Saudi stock exchange Tadawul sees profit declining 23% amid record IPO listings Saudi Tadawul Group Holding Co., owner of the Kingdom’s bourse, has posted a 23-percent first-half profit drop amid a record year of initial public offerings.
	Govt open to women quotas in Assembly polls A proposal made earlier by the Speaker of the dissolved National Assembly Marzouq Al-Ghanem to amend the electoral law to set a quota for women in each constituency in parliamentary elections is very close to government approval after it was studied by the Cabinet’s legal committee, which approved it and placed it on the government’s agenda.

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EMIRATI LAWS

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