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Press Dossier   By Date  28/01/2023
Exclusive: Filipino expats’ new UAE contract verification rules put on hold, official says
The plan to introduce new requirements for Filipino expats’ UAE contract verification process has been put on hold until further notice, a top official from the Philippines’ Migrant Workers Office (MWO) in Dubai told Khaleej Times.
Illegal UAE ‘freelance’ visas, salary discrepancies: Why Philippine govt is adding requirements for contract verification
A Filipino domestic worker whose visa says she is a ‘store manager’, and a ‘project manager’ who earns a meagre Dh1,000 a month. Employment irregularities like these have prompted the Philippine labour office in the UAE to impose new contract verification rules.
FAB posts ‘historic-high’ profit of Dh13.4 billion in 2022
First Abu Dhabi Bank (FAB) reported on Thursday record annual profitability of Dh13.4 billion, up seven per cent year-on-year for 2022.
Emirates Islamic profit surges 51% to Dh1.24b
Emirates Islamic said on Thursday that its 2022 net profit soared 51 per cent to a record Dh1.24 billion “on higher funded income and non-funded income with a significant reduction in the cost of risk reflecting the strong economic recovery.”
Emirates NBD’s 2022 profit jumps 40% to Dh13 billion
Dubai’s largest lender Emirates NBD reported on Thursday a 40 per cent jump in 2022 annual profits to Dh13 billion on the back of “an exceptionally strong” fourth quarter performance.
Saudi Arabia signs deals to boost fight against diabetes
Saudi Arabia has signed two deals to improve the treatment and prevention of diabetes.
Saudi EXIM signs deal with Italian Export Credit Agency to boost trade
The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency, also known as SACE, to boost trade between the two countries.
Over 50 MoUs signed during Saudi Arabia’s Real Estate Future Forum
Over 50 Memoranda of Understandings were signed during Saudi Arabia’s Real Estate Future Forum held in Riyadh between Jan. 23 and 25.
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