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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

05/06/2023

	UAE extends voluntary oil output cut till December 2024 The United Arab Emirates will extend its voluntary cut of 144 thousand barrels per day until the end of December 2024.
	Dubai: Can employer legally change employee's job description, add more duties? I work in a mainland company in Dubai. I accepted a job offer after going through the requirements thoroughly. The management is now changing my job description to add more tasks. Is this legal?
	Dubai: Can landlord deduct money for wear and tear from tenant's security deposit? How do you define 'reasonable' wear and tear for rental properties in Dubai? I am moving out of my apartment next month, and other than faded paint and some low-key drilling work (for clocks, paintings etc.), there has been no structural damage. Can the landlord deduct anything from my security deposit? If he does, can I contest it? If so, how?
	Saudi Arabia to sign deals to promote Egyptian investment in industrial, mining sectors Saudi Arabia plans to sign two agreements with Egypt to boost the North African country’s participation in the Kingdom’s industrial and mining sectors in line with Vision 2030.
	National Development Fund supports Saudi economy with $8bn financing in Q1 Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund which provided over SR30 billion ($8 billion) funding support in the first quarter of 2023.
	Saudi Arabia seeks Japanese investment in fast-growing mining sector Backed by recent reforms in the mining sector, Saudi Arabia sought the participation of Japanese firms in its massive exploration activities that aimed to attract SR40 billion ($10.6 billion) in investment.
	Saudi Arabia to cut oil output in July, extend OPEC+ voluntary cut until end of 2024 Saudi Arabia will extend its voluntary cut of 500,000 bpd until the end of December 2024, in coordination with some countries participating in the OPEC+ agreement, the Kingdom’s energy ministry said on Sunday.
	Closing bell: Saudi bourses begin week on a positive note Saudi Arabia’s Tadawul All Share Index began the week positively, gaining 207.01 points, or 1.88 percent, to close at 11,221.96.
	Kuwait enters election silence ahead of crucial Assembly polls As Kuwait prepares for its third parliamentary elections in less than 30 months as a result of a high level of political divisions, campaigns enter into election silence on Monday, a day before the crucial June 6 snap polls.

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