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The UAE has achieved major progress by enhancing its labor regulations for worker protection and compliance needs. Fair labor practices serve as important government policies that establish equilibrium between employer-employee relationships in the UAE. Workplace standards enforcement together with employee rights protection falls under the jurisdiction of regulatory authorities specifically the Ministry of Human Resources and Emiratisation (MoHRE).UAE labor law and employment protectionsThe Federal Decree-Law No. 33 of 2021 establishes complete legal guidelines for employment protections throughout the United Arab Emirates labor relations framework. Employment contracts and wage rates as well as working time limits function together with dispute settlement…
The volume of Qatar real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February 2025 amounted to QAR1,292,500,196 ($329.2 million). Data from the real estate analytical bulletin issued by the Ministry of Justice revealed that 365 real estate transactions were recorded during the month. The municipalities of Doha, Al Rayyan, and Al Dhaayen topped the list for the most active transactions in terms of financial value, according to the real estate market index, followed by Al Wakrah, Umm Salal, Al Khor, Al Dhakira, and Al Shamal.Financial values in key municipalitiesThe…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.1. China summons Walmart executives for talks in wake of Trump tariffsChina has summoned executives of Walmart – the world’s largest retailer – for regulatory talks, bringing the business practices of one of the United States’ most prominent companies under scrutiny and, in the wake of tariff increases from US President Donald Trump, suggesting more punitive action could come in advance of bilateral trade negotiations.2. Have Chinese scientists just dashed humanity’s last hopes to win in…
US stock indices fell on Tuesday and expanded the losses amid new escalation in the trade war, which threatens a potential recession in the US. President Trump said during a Fox News interview that the US is undergoing a transition phase, with return of wealth to the US through trade and economic policies, including tariffs to boost local industry. In yet another escalation, US President Trump raised tariffs on Canadian steel and aluminum imports by an additional 25% to a total of 50%. Trump said the decision comes in response to Ontario’s decision to impose 25% taxes…
This expansion showcases greater utilization of government assets to boost economic growth and private partnerships Bahrain has announced the introduction of 23 new investment opportunities via the Government Land Investment Platform, marking the largest offering since the platform’s inception.Nouf Abdulrahman Jamsheer, chairperson of the Government Land Investment Committee and undersecretary for Research and Projects at the Office of the Prime Minister, stated that this expansion signifies the growing utilization of government assets to boost economic development, strengthen partnerships with the private sector, and promote projects that align with the aspirations of citizens across the various regions and governorates of the…
My top 10 things to watch Wednesday, March 12 1. Wall Street was heading for a higher open that kicked into a higher gear on cooler-than-expected consumer inflation data. The stock market has been slammed recently on economic worries about President Donald Trump’s tariffs. 2. February’s consumer price index rose 2.8% year over year. Core CPI, excluding food and energy prices, gained 3.1% year over year. Both numbers this morning were lower than expected. Wholesale inflation data is out tomorrow. 3. Tariffs went on today. Trump imposed 25% levies on steel and aluminum imports. The U.S. imports nearly 30% of our…
China’s ambitious “Made in China 2025” industrial strategy has put the country on track to become a global leader in smart manufacturing within the next few years, though breakthroughs are still needed in several bottleneck technologies, according to a new report by Beijing’s Renmin University of China.The Made in China 2025 project, launched a decade ago, aimed to propel China to the forefront of a slew of hi-tech industries, including aerospace, electric cars, robotics and telecommunications.Though Beijing has become reluctant to publicly name-check the policy in recent years amid global pushback – especially from the United States – the strategy…
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty Images News | Getty ImagesPorsche’s CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base — as it braces for potential tariffs imposed by the White House.”We have an industrial cooperation agreement together with Volkswagen, and in the end, we are working so close together, so this should play a role” in responding to tariffs, Blume told CNBC’s Annette Weisbach.The U.S. is Porsche’s top market, but the…
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency. All-item CPI had increased 0.5% in January.Excluding food and energy prices, core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis. Core CPI has…
Al Etihad Payments ties up with Mastercard to offer the co-branded cards in the UAEAl Etihad Payments and Mastercard have announced a strategic collaboration to launch ‘Jaywan-Mastercard’ co-badged debit and prepaid cards in the UAE.Al Etihad Payments, a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme Jaywan.Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE’s payment landscape by combining innovative products and value-added services.Wide range…