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MIDDLE EASTERN (B)

MIDDLE EASTERN (B)

20 Scientists the First to Receive UAE Long-Term Visa

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The UAE government has just announced the names of the first holders of long-term visas in the country.

The first 20 winners of the Mohammed bin Rashid Medal for Scientific Distinguishment were granted a 10-year special residency visa status.

The announcement came after a meeting for the Mohammed bin Rashid Academy of Scientists in the presence of 150 scientists from all over the world. 

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The first 20 winners of the Mohammed bin Rashid Medal for Scientific Distinguishment were granted a 10-year special residency visa status. (Shutterstock)

Copyright © 2019 Khaleej Times. All Rights Reserved.

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MIDDLE EASTERN (B)

Slow Growth, Subdued Credit Demand Are Main Reasons Behind GCC Bank Mergers

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Recent merger and acquisition activity among GCC banks is beneficial for the sector as it will ease overcapacity and boost profitability through synergies and increased pricing power, Moody’s Investors Service said in a new report.

The overcrowded banking sector in the GCC has seen a wave of mergers and acquisitions announcements in the last year, as falling oil prices hit government budgets, slowing economic growth, added the report titled “Banking – Gulf Cooperation Council: Consolidation among GCC banks will boost profitability”.

The GCC banking sector has many banks serving small populations, driving intense competition and aggressive pricing policies. (Shutterstock)

Copyright 2019 Al Hilal Publishing and Marketing Group

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MIDDLE EASTERN (B)

9 Tips for Retailers and Online Shoppers to Help Protect Them Against Cyber Threats

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While e-commerce enjoys rapid growth, global attack trends indicate that the retail support sector continues to be a popular target for cybercriminals, said industry experts listing top tips for protection against cyber threats.

For example, the cybercriminal operation “MageCart” targets online retailers by creating websites that mimic their victims’ websites and inserts malicious code to capture card data.

Cybercriminals are targeting computers throughout the Middle East to mine cryptocurrencies. (Shutterstock)

Copyright 2019 Al Hilal Publishing and Marketing Group

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MIDDLE EASTERN (B)

Survey: UAE Among World’s Top 10 Destinations for Expats

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For anyone living and working in the UAE, the news that the UAE finds pride of place among the top countries in the world for expats shouldn’t come as a surprise. The annual HSBC Expat Explorer Survey is out, and the 2018 edition once again ranks the UAE among the world’s Top 10 destinations for expats to live, work, earn, spend and save. While the UAE is ranked No. 10 in the overall expat rankings, it is third-best in the world for expats’ wage-growth, which should put a few things in perspective.

A section of UAE expats may not have seen much wage growth last year. (Shutterstock)

Copyright © 2019 Khaleej Times. All Rights Reserved.

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MIDDLE EASTERN (B)

Bahrain Indecisive About 20 Percent Increase in Basic Wages

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Civil servants could receive a 20 per cent increase in their basic wages under an old parliament proposal revived by MPs yesterday.

However, Parliament and Shura Council Affairs Minister Ghanim Al Buainain pointed out that the exercise would prove too expensive, costing the national exchequer around BD90 million to BD100m.

Legislative and legal affairs committee secretary Mohammed Al Abbasi said the move was necessary to help Bahrainis cope with inflation, fees and value-added tax (VAT).

Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)

Copyright 2019 Al Hilal Publishing and Marketing Group

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MIDDLE EASTERN (B)

Saudi Government to Pay Private Sector in an Attempt to Expand Saudization

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The government will contribute to the wages of Saudis employed in the private sector, one of several incentives to motivate the hiring of nationals and increase their participation in the labor market.

Saudi Minister of Labor and Social Development Ahmad Al-Rajhi announced the initiative in Riyadh on Tuesday.

Al-Rajhi, who is also chairman of the Governing Council of the Human Resources Development Fund (HRDF), said the program was aimed at improving skills and readying the Kingdom’s population for the future. 

Saudi Arabia has restricted certain jobs to Saudis and pressed companies to employ higher ratios of nationals to foreign workers. (Shutterstock)

Copyright: Arab News © 2019 All rights reserved.

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MIDDLE EASTERN (B)

'Yellow Cabs' Demonstration in Jordan

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Scores of taxi drivers have announced another protest scheduled for Tuesday, as they further commit to their vows of holding continuous demonstrations until all of their demands are met.

“This is getting both annoying and repetitive,” said Director General of the Ministry of Transport Anmar Khasawneh.

In a meeting held on Sunday, the Ministry of Transport conceded to eight out of the nine demands put forth by taxi drivers; however, some drivers are still displeased.

Taxi drivers hold protests in November 2018. (Shutterstock)

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