India is staring a ‘lost year’ as economy stumbles on virus attack

New Delhi: India is likely to miss its budget estimates as the coronavirus crisis strains government’s finances, a top government official said. “This year may be a lost year for us,” said Economic Affairs Secretary Tarun Bajaj, referring to the economic growth, revenue and fiscal deficit goals for the current year. While Bajaj didn’t specify […]

Modon awards Dh1.93b contract for phase three and four of Riyadh South City

Abu Dhabi: ADQ subsidiary Modon Properties on Wednesday announced the awarding of industrial development contracts worth Dh1.93 billion for phases three and four of Riyadh South City that will be built 30 kilometers outside Abu Dhabi, in partnership with the Abu Dhabi Housing Authority. The latest contract awards completes all of the project’s infrastructure contracts […]

US weekly jobless claims spike first time in four months

Washington: The number of Americans filing unemployment benefits rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand. Initial claims for unemployment benefits increased to a seasonally adjusted 1.416 million for the week ended July 18, from 1.307 […]

Ask the law: Employer must bear treatment cost in work-related accidents in UAE, agreement or not

Question1: What is the employer’s obligation, as per UAE Labour Law, in case an employee suffers an accident while at work? Is the employer obligated to pay for medical expenses in case there is an agreement that the employer is not responsible for any expenses in case of an accident while at work? Answer: Labour […]