Under a draft law, gov’t will purchase loans taken out prior to April 1 2008, and reschedule repayments while writing off interest
Personal Finance
Forger in Saudi made $3.5m selling fake degrees
Expat in Saudi Arabia arrested after selling falsified documents to students
UAE facing pensions ticking time bomb – report
HSBC survey shows UAE workers feel held back by high cost of living
UAE citizens “blindly” signing up for loans – dep pm
Dep PM says banks taking advantage of Emiratis as 1,600 sign up to have debts restructured
UAE among cheapest for remittances – World Bank
Gulf states are among the best countries in the world for sending cash overseas
Top UK tax dodgers named and shamed
New list shows two gangs used Dubai to smuggle gold and cigarettes to UK
Bad cheques still a criminal offence for UAE expats
Clarification follows reports foreign nationals will not be punished for bounced cheques
Emiratis in Dubai given access to social benefits
Decree is latest move to expand support to UAE citizens’ following Arab Spring
Oman salaries forecast to rise 5% next year
Hay Group study says average wage increase will fall from 5.7% rise during 2012
Funding the micro-entrepreneurs
Sourcing Financing is often one of the biggest concerns for start-ups. The answer could lie in crowd-funding — an online scheme that give individuals and small business owners the opportunity to engage with potential investors and growth their business
Making over the multi-billion microfinance industry
A number of microfinance institutions lend as much as $70bn annually to financially strapped but aspirationally rich entrepreneurs in the developing world. Organisations with links to microfinance institutions are now looking to spur similar activity in the MENA region
UAE salaries set to rise 5.1% next year – report
Strong economic growth and rising oil prices to boost salaries across GCC – survey
70% of GCC firms plan to up hiring in 2013
HR giant Mercer also predicts salary rises of 5-6% in UAE, Qatar and Saudi Arabia
Saudi, UAE to see double digit growth in millionaires
New wealth report shows Gulf countries to see 17% and 12% growth over next five years
Qatar pay rises set to average 5.1% in 2013
Hay Group study says retail, hospitality sectors struggling to hire enough Qatari nationals
GCC end of service benefits improving – poll
Towers Watson survey shows more firms in Oman, Qatar, Bahrain now offering benefits
UAE salaries seen rising 5.5% in 2013
Hay Group report also says challenges remain in retaining Emiratis in the private sector