Dubai ports operator DP World has agreed a 20-year financing deal with an international bank group to fund its London Gateway deep sea port.   http://www.arabianbusiness.com/dp-world-agrees-20-year-financing-deal-for-london-gateway-423914.html

DUBAI // Many private companies are choosing to pay a fine rather than meet government targets for hiring Emiratis. The Ministry of Labour requires employers in some sectors to increase the number of Emiratis they employ by a set percentage each year. via The National – http://www.thenational.ae/news/uae-news/emiratisation-hurdles-remain  

After three months looking for the ideal candidate to join her young company, May Habib has made a tough decision. She is going fly her sister from the US to a new life in the United Arab Emirates – and relinquish the spare bedroom in her apartment as part of the deal. “I needed someone who was motivated, multi-talented and who’d roll up their sleeves and just get things done – but who understood I couldn’t [...]

DUBAI – The business community in the UAE is confident that a better year is ahead and a large number of employers have planned to increase manpower next year, according to an executive recruitment company.

A growing number of employers are hiring in the UAE, but the demand is less than was expected, according to a new survey.

Hay Group survey says similar rise expected next year; banking sector staff best paid

Saudi Arabia is expected to generate the maximum number of jobs in the region in 2012, according to recruitment experts in the region. “Kingdom of Saudi Arabia will lead job creation by a long shot. On average, KSA GDP has grown 5 per cent year-on-year since 1969, with various highs and lows and has always been seen as the engine of the Middle East.  I think you will see Bahrain continue to struggle. Bahrain just [...]

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a number of decrees within the framework of his keenness to achieve the welfare of the citizens and help them get their ambitions in a stable and comfortable life. On the occasion of the 40th National Day celebrations, Sheikh Khalifa issued a decree to increase salaries of all federal government employees with effect from January 2012. According to the resolution a special allowance will [...]

With the remarkable economic success it has witnessed, Qatar should be the region’s ‘entrepreneurial hub’, according to renowned entrepreneur James Caan. Caan, considered one of the UK’s most successful entrepreneurs, said he was inspired by Qatar’s explosive growth and what it has achieved, making it ‘an envy of Western economy.’ The famous panelist at BBC’s popular show Dragon’s Den and CEO of Hamilton Bradshaw, a venture capital and investment company was delivering keynote speech at [...]

Old and new owners, both responsible, for employees in first six months; Employment contract terms deciding factor in any dispute. Dubai Court of Cassation has established three new legal principles on the rights of employees and obligations of employers when the ownership of the company changes. In the first principle, the Court of Cassation confirmed that if the ownership of the enterprise changes, both the old and new owners are jointly accountable for six months [...]