UAE. Results from the recently concluded Consumer Confidence Index survey conducted jointly by Bayt.com, the Middle East’s number one job site, and research and consulting organisation YouGov shows that residents in the UAE hold an optimistic view of their personal financial future, as well as of the country’s economy.
However, a majority of surveyed employees feel that the current remuneration is not in line with the cost of living, with only 17% believing that now is a good time to buy consumer durables.
According to the Bayt.com quarterly MENA Consumer Confidence Index survey, expec
UAE. GCC equity markets bounce back strongly as profits surge; India boosts bank lending to long-term infrastructure projects; Major central banks remain accommodative; Watch US inflation data for clues to the future trajectory of interest rates.
UAE. In preparation for the Law coming into effect in early September 2014, employers should now review who within the workforce is affected by the Law, what the duration of service will be and how the business is going to resource whilst the employee is away and ensure that the role remains open.
UAE. Griffiths joins the company from Thailand-based Oriental Copper, one of the top 5 global suppliers of fabricated copper based products and solutions for the electrical energy and electronics industry.
UAE This article provides an updated summary of the key employment law developments across the GCC;
A new Government body known as the Manpower Authority is being created in Kuwait to take over certain functions of the Ministry of Social Affairs and Labour.
UAE. Office, retail and hospital sectors remain steady; The market continues to be dominated by Government related investment with short-term demand being fuelled by new major government backed construction projects.
INTERNATIONAL. Janet Yellen is very different from any of her predecessors. She is likely the most dovish and politically leftist Fed Chair in the Central Bank's history; She sees the Fed's mission as a tool to promote progressive social policy.
INTERNATIONAL. Another sign of deteriorating relations between the United States and Russia; The Cold War treaty, ratified in 1988, was designed to eliminate ground-launched cruise missiles with ranges of 500 to 5,500 km.
EGYPT. EMC EMEA's leadership team shares key innovations and milestones of Egypt's Centre of Excellence; Reiterate commitment to customers and partners to help redefine the future of IT in Egypt, as "Third Platform" applications rise to prominence.
INTERNATIONAL. In a presidential statement, the 15-member body expressed strong support for a ceasefire, and urged all parties to accept and fully implement it into the Eid period marking the end of the Muslim fasting month of Ramadan and beyond.