COVID-19 relief: Dubai South offers economic stimulus package

Dubai: Dubai South Free Zone on Sunday announced economic stimulus incentives to mitigate the effects of the current economic situation resulting from COVID-19 outbreak. “Dubai South is proud to be part of the emirate’s overall value proposition and we are keen to enhance its competitiveness and attractiveness to ensure it can attract more domestic and […]

COVID-19 risks: Gratuity payments of laid-off workers become an issue for many businesses in UAE

Dubai: Getting their full end-of-service benefits is turning out to be the most difficult task many recently laid-off workers in the UAE are dealing with. With companies finding they are short of cash to meet those pay outs, things could get progressively worse for ex-staff. According to the rules, there is no compulsory timeframe for […]

Gold bars fight COVID kits for space on the plane

Swiss refiner Valcambi SA tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again. After daily attempts and numerous arguments, the gold suddenly arrived in Switzerland without warning, said Chief Executive Officer Michael Mesaric. […]