Recruitment in healthcare and retail remains steady, but is slowing down in oil, gas and construction. That’s according to the latest GCC report by online recruitment firm Gulf Talent. The study also shows that wage rises in 2016 will be at their lowest level in a decade – but they’re still forecast to increase by an average of 5.2%. However, the Managing Director of Gulf Talent, Yasser Hatami, says those figures could change…
UAE, Argentina launch CEPA negotiations
The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
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UAE Central Bank sanctions Bank Melli Iran over compliance breaches
The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
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