LONDON: Barclays Plc was sued by Amanda Staveley’s investment firm, which helped broker a £7 billion (Dh25.7 billion, $10 billion) fund-raising in the Middle East at the peak of the 2008 financial crisis. PCP Capital Partners filed the lawsuit in London on January 25, according to court filings that didn’t give any other details about […]
Barclays Sued by Amanda Staveley’s PCP Over 2008 Fund-Raising Read More »
Starting January 2016, the Ministry of Labor in the UAE has announced new measures to renew work permits, previously known as labor cards, and expired contracts, by early 2016. Humaid bin Deemas Al Suwaidi, Assistant Under-Secretary for Labor Affairs said that under the new process, the signature of the employee on the contract shall constitute
New Measures to Renew Labor Contracts and Work Permits (Labor Cards) in the UAE Read More »
WASHINGTON – The Obama administration on Thursday announced changes to a visa-waiver program that would make it harder for travellers to enter the United States from Europe if they had dual citizenship from Iran, Iraq, Sudan or Syria, or had visited one of those countries in the last five years. Those travellers will now have
U.S. Tightens Visa Rules for Some European Visitors Read More »
Route 2020 project aims at streamlining the traffic movement and making it friendlier to pedestrian traffic. The traffic on the entire Al Wasl Road will soon go only in one direction of Burj Al Arab, and the entire Jumeirah Road will have traffic flowing in the direction of 2nd of December Road. The project aims
Pedestrian-Friendly Roads Planned for Dubai Read More »
Law firm Nieding + Barth said on Monday it would lodge a case with a regional court in Brunswick this week, seeking hundreds of millions of euros in damages on behalf of 66 institutional investors from the United States and Britain. “On top of that, we collected several thousands of private investors. Therefore, we think
Volkswagen Faces Shareholder Claims Over Emissions Scandal Read More »
All buildings with permits to make four floors and more should place at least four surveillance cameras to monitor the interior and exterior areas of the construction site. Security cameras have been made mandatory for all multi-storey buildings under construction in Dubai from March 1. All buildings with permits to make four floors and more
Cams – A Must at Construction Sites in Dubai From March Read More »
The move is meant to deter offending drivers in the wake of increasing road accidents and violations as a result of using the phone while behind the wheel. Any motorist spotted using a mobile phone – even when stopped at a red light – will be booked, according to Colonel Saif Mohair Al Mazruwaei, Director
Stiff Penalties for Using Mobiles While Driving in Dubai Read More »
Jobs may be getting scarce these days, but it doesn’t mean applicants would jump at every employment offer on the table. Like job seekers doing poorly in an interview, hiring companies can also scare away a candidate. A study conducted among 1,000 full-time workers in the UAE suggested that organizations that have a reputation for
5 Things That Turn Off UAE Jobseekers Read More »
Abu Dhabi Sustainability Week (ADSW) which runs till January 23 is anchored on four key pillars: policy, business, leadership and awareness/research. It is the largest gathering on sustainability in the history of the Middle East, and a significant platform for international dialogue and cooperation. The event will address the inter-linked challenges of energy and water
Abu Dhabi All Set To Host Global Green Summit Read More »
Qatar will raise its subsidized gasoline prices by at least 30 per cent at midnight on Friday. The state fuel company Woqod made the announcement in a Twitter post late Thursday, though the state-run Qatar News Agency and government officials did not immediately comment on the hike. Pictures circulated on social media showing price notices
Qatar To Hike Gasoline Prices by 30% At Midnight Read More »
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