Bahrain welcomes Saudi Arabia-Russian Federation talks on oil industry

The Bahrain Ministry of Foreign Affairs said Bahrain welcomes the recent talks between Saudi Arabia and Russian Federation officials who met privately to discuss the oil industry during the recent Group of 20 (G20) meeting. Bahrain is pleased with the outcome of the consultations and commits itself to the agreement that will act as a strategic step in creating a balance in oil markets. Read More »

UAE Ministry of Finance reviews federal bankruptcy law

The UAE Ministry of Finance (MoF) said it has reviewed the final draft of the federal bankruptcy law recently approved by the UAE Cabinet. The law creates the Committee of Financial Restructuring, which will oversee the procedures of financial restructuring that exist outside the scope of the court and the creation of an electronic record of individuals involved in bankruptcy rulings. Read More »

Etihad Airways Medical Center hosts annual Aviation Health Conference

Etihad Airways Medical Center recently held its annual Aviation Health Conference which was attended by more than 120 medical professionals. “Etihad Airways Medical Center organizes annual aviation health conferences to encourage collaboration among aviation medicine practitioners and health industry stakeholders,” Dr. Nadia Bastaki, Etihad Airways vice president medical services, said. Read More »

Dubai Electricity and Water Authority adds to bill-paying options

Dubai Electricity and Water Authority (DEWA) customers can now pay their bills by check using Emirates NBD's check deposit machines. DEWA utilizes the Tayseer service, launched in June 2016, to facilitate the payment method. Creating a simpler way for customers to pay each month is part of DEWA’s vision to reaching more people and making their patronage easier. Read More »

Report cites job stability, higher wages for Saudi workers

In a time when the Saudi economy is struggling, there is some glimmer of light for Saudi workers, particularly native citizens. A study by the Korn Ferry Hay Group shows big increases across the board for salaries in some industries, such as high technology and transportation and logistics. The study also found that over half of Saudi nationals have held the same job for at least five years. Read More »

Chinese trailer manufacturer to launch Bahrain facility

Chinese-based trailer manufacturer CIMC Vehicle Group will open a new facility in Bahrain to produce reefer trailers for export throughout the Middle East. "Bahrain was an easy choice for CIMC to launch its new manufacturing facility," CIMC Vehicle Group Chief Financial Officer Teresa Tan said. CIMC became interested in Bahrain through efforts of the Bahrain Economic Development Board. Read More »