Kuwait moves to clear mounting problems with illegal workers

Cairo: Kuwait’s labour authorities are handling thousands of ‘absence’ complaints filed by employers against expat workers to help rectify their illegal stay status, a local newspaper said. These notices prevent workers involved from paying related fines and legalise their status in the country. The Kuwait Interior Ministry has given grace period until the end of December for […]

Semiconductor bottlenecks hit auto sector, VW, Bosch, Continental warn

German auto suppliers Continental , Bosch and Volkswagen the world’s largest carmaker, on Friday warned about a shortage of semiconductor components needed for automotive production. The pandemic has hit auto and auto parts production globally, and car-making has grown increasingly reliant on imported chips for electronic parts, such as electronic control units and electronic stability […]

Paysafe near a $9 billion deal to go public

A blank-check firm led by billionaire Bill Foley is nearing a deal to merge with Paysafe Group Ltd., a transaction that would take public the online payments firm backed by Blackstone Group Inc. and CVC Capital Partners, according to people with knowledge of the matter. A deal featuring Foley Trasimene Acquisition Corp. II and Paysafe […]

UAE India food security summit to be held in Dubai

Dubai: Consulate General of India, Dubai, in association with Confederation of Indian Industries (CII) and Invest India will be hosting UAE India Food Security Summit in Dubai on December 8 and 9, 2020. “UAE-India Food Security Summit 2020” is an endeavor to bring several key stakeholders from both countries on one platform to share their […]