Amanat Holdings, a leading healthcare and education investment company, has seen its first-half (H1) net profit decline 8% to AED89.1 million ($24.2 million), impacted by a one-time gain in the previous year and the corporate tax in UAE.
Belgian infrastructure major Besix has announced the financial close of the Khalifa University Accommodation public-private partnership (PPP) Project, confirming that the entire funding has been secured by its consortium and all financing conditions met.
Bahrain Network (BNET), the company responsible for providing fibre-based broadband network in Bahrain, has announced the appointment of three highly experienced employees as part of the leadership team in the firm.
Zayed University (ZU) will welcome 1,700 new students in the 2024-2025 academic year, highlighting the university’s reputation for excellence and its growing appeal to students seeking a top-tier education.
The UAE Government has amended the labour law, imposing fines from AED100,000 to AED1 million on employers for malpractices.
The Youth Council of Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has launched a Gulf-wide council for young people working in the aluminium industry, on International Youth Day on August 12.
Bahrain’s Labour Fund (Tamkeen) has announced career progression support for nearly 100 Bahraini employees at Al-Salam Gas Electronics.
Dubai has launched a pilot programme named ‘Flexible Summer Initiative', which aims to reduce the working hours of participating government entities during the summer.
Construction Management Associates, a leading provider of contract management services for construction projects, has launched two new contract services - Contract Administration Subscriptions and Contracts PMO - for the construction sector.
Saudi Arabia's Ministry of Human Resources and Social Development has announced amendments to several articles of the labor law, approved by the Cabinet session today.
