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Press Dossier   By Date  22/05/2023
UAE: Can a company revoke job offer letter before an employee's joining date?
Question: I have received an offer letter from a Dubai-based company. I plan to resign from my current position shortly, but before putting in my papers, I wanted to get clarity on something. Can a company rescind the offer letter before an employee joins? What are the rules around this?
Dubai: Can my family face legal issues if I fail to pay my children's school fees?
Question: I am an expat who has run into financial difficulties. I plan to send my family back home. I have cleared almost all my liabilities except my children's school fees. Will this affect my plans to send them back? What legal complications am I likely to face?
UAE: Dh50,000 minimum fine for sheltering delinquent minors, police issue warning
Anyone caught protecting, harbouring delinquent minors shall face stiff penalties under the UAE’s new law on handling juvenile offenders.
Gulf oil giants turn to start-ups in carbon-capture bid
Faced with mounting pressure over planet-heating pollution, Gulf Arab energy giants are turning to humble tech start-ups as they search for ways to remove emissions while keeping oil flowing.
PIF’s Badeel, ACWA Power sign deal for 3 solar projects
Saudi Arabia’s renewable energy sector is set to receive a significant boost as the Kingdom’s principal buyer Saudi Power Procurement Co. signed a power purchase agreement with the Public Investment Fund-owned Badeel and ACWA Power for three new solar energy projects.
Kingdom’s Real Estate Development Fund inks 2 agreements to support Sakani beneficiaries
More Saudi citizens will have access to easy financing solutions to help them own homes thanks to the agreements signed between the Kingdom’s Real Estate Development Fund and Bank Albilad and Saudi Awwal Bank.
Foreign, joint investments in Saudi industrial sector reach $144bn
Saudi Arabia is rapidly expanding its industrial sector with foreign and joint investments totaling more than SR542 billion ($144 billion), as the Kingdom continues to diversify its economy.
International investors keen on entering Saudi market, says minister
As the Kingdom’s economy is performing exceptionally well, Minister of Industry and Mineral Resources Bandar Alkhorayef, said foreign investors are keen on entering the Saudi market.
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