Nearly 3 in 10 people in UAE to get less than Dh20,000 gratuity pay

Dubai: The majority of people currently working in the UAE are expected to retire and head back to their home country in several years, and all they will get from their employer is a relatively small amount of gratuity payment. In a survey among workers in the United Arab Emirates, nearly nine out of ten […]

Nepal central bank bans Indian currency notes above Rs100

Nepal’s central bank has announced the ban of Indian currency notes with denominations above Rs 100. The Nepal Rastra Bank (NRB) on Sunday issued a circular for the institutions licensed by it notifying them about the ban, reports Xinhua news agency. Nepal’s cabinet in December had decided to ban the use of these currency notes. […]

Ghosn vows to stay in Japan if granted bail

Tokyo: Carlos Ghosn, the ousted former Nissan boss detained in Tokyo on charges of financial misconduct, on Monday vowed to remain in Japan if granted bail and again proclaimed his innocence. Tokyo District Court will later Monday consider the 64-year-old’s latest petition for bail but has already rejected Ghosn’s previous bids for freedom, judging him […]