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UAE’s new work permit law makes life difficult for foreign workers – World

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

It’s getting tough for foreign domestic workers in the UAE now, as fines are going to be imposed for not having a work permit.

According to the details, the UAE government has tightened the rules regarding foreign employees and raised the alarm for employees working without work permits.

According to Khaleej Times, work permits issued for foreign workers and domestic workers cannot be used for any other permit.

While those who do not cancel the work permit on time, including those who take up residence following the visa period, fines may also be imposed.

Fact Check: Did the UAE impose a new visa ban for Pakistanis?

On the other hand, if the resident now wants to return the service of the employees, and want to fire them, he will have to cancel the work permit, for which he can submit an application on the MOHRE website.

The process of getting a UAE visa is now 5 days instead of 30

On the other hand, there is also a fee for canceling the work permit, as a fee for this whole process, the resident will have to pay 85.75 dirhams, which is regarding 7 thousand Pakistani rupees.

#UAEs #work #permit #law #life #difficult #foreign #workers #World
2024-07-03 19:47:00

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Economy

Pakistan’s resolution to roll over a billion greenback mortgage from the United Arab Emirates – Pakistan

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

The federal government of Pakistan has determined to roll over a billion greenback mortgage from the United Arab Emirates (UAE).

In line with sources, Prime Minister Shehbaz Sharif will request the President of the United Arab Emirates to roll over a billion greenback debt.

The Ministry of Finance has accomplished the work to put in writing a letter on behalf of the Prime Minister to the President of the United Arab Emirates, Sheikh Mohammed bin Zayed bin Al Nahyan.

In line with the sources, Prime Minister Shehbaz Sharif will request the UAE to roll over a billion greenback mortgage on his return from China. The UAE has deposited a complete of three billion {dollars} within the central financial institution.

Pakistan requested UAE to rollover $2 billion debt

A mortgage of $2 billion from the UAE was rolled over for one yr in January, whereas a rollover of $1 billion might be requested now and the maturity time of this $1 billion might be accomplished through the subsequent month. .

Sources mentioned {that a} whole of three billion {dollars} has been deposited within the State Financial institution by the Abu Dhabi Fund for Improvement UAE, which was acquired in three installments, however one billion {dollars} was deposited on January 17 and one billion {dollars} on January 23. After the completion of the time, the rollovers are completed whereas once more the request might be made when the maturity time approaches.

Sources mentioned that completely different rates of interest should be paid on protected deposit of three billion {dollars} from UAE, 3% rate of interest on 1 billion {dollars} and 6.5% rate of interest on 1 billion {dollars}.

Based on a report by Khaleej Instances of Dubai, Sheikh Akbar Afridi says that he has seen your complete UAE flourishing together with his personal eyes. From Dubai to Abu Dhabi there was nominal progress throughout this era. There have been no settlements and government establishments had been additionally nominal.

Initially, Sher Akbar used to provide Afridi Rs 150 monthly. By means of additional time, his month-to-month revenue was as much as 400 rupees. It was an enormous quantity. At the moment, the Indian forex operated freely within the Gulf area.

#Ceremony #honor #Pakistani #citizen #amongst #builders #UAEs #paved #street #World
2024-05-17 11:08:50

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world

An agreement has been reached on “mini-Dubai”, it can be rebuilt with five billion euros Director Rákosrendező

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

An agreement has been reached between Hungary and the United Arab Emirates on economic cooperation, within the framework of which a new city district can be built around the Rákosrendező railway station with a huge investment of five billion euros, he announced Péter Szijjártó Minister of Foreign Affairs and Trade on Wednesday in Budapest.

According to the announcement of the Ministry of Foreign Affairs and Trade, the Minister of Foreign Trade of the United Arab Emirates, With Tani bin Ahmed al-Zejudi at the joint press conference following the signing of the agreement on economic cooperation between the two countries, he first of all welcomed the continuous development of bilateral relations. He pointed out that the value of trade between Hungary and the United Arab Emirates has already exceeded one billion dollars a year, and that domestic companies are also increasingly active in the Middle Eastern country in the fields of the food industry, IT and digital industries.

He called it an essential basis that the two countries approach economic issues from a non-ideological point of view, as it is based on this that a new impetus can be given to the cooperation with the agreement just signed.

He then added that it is always important in the economic cooperation between two countries to have a flagship project, which in this case might be the construction of a new Budapest district in a particularly ruined area. This is how the agreement was signed, which provides a framework for the complex development plan of the giant real estate developer Eagle Hills in the vicinity of the Rákosrendező railway station.

This is a five billion euro investment. As a result, a new part of the city, a new city quarter, will be created in the vicinity of the Rákosrendező railway station and in the abandoned, dilapidated industrial areas that lie around it

he declared.

This huge urban development project gives new impetus not only to the cooperation between the two countries, but also to the development of Budapest, since not only a new, modern city district is being built, but also a major urban development investment with complex touristic, economic, business and sports functions.

he underlined.

He stated: the large-scale investment gives a new quality to the life of Budapest and the country as well, the capital will be placed on the global map that includes cities that have implemented similar large-scale developments.

And I am also confident that this huge investment can pave the way for other emirate companies operating in modern industries to see Hungary as an attractive investment destination

he said. Péter Szijjártó emphasized that these are two countries that make their economic decisions based on reality and common sense.

They are two countries that do not accept external pressure in terms of their political or economic decision-making, nor do they exert pressure on others. Two countries that are sensitive to their sovereignty, stand up for their sovereignty, and are only willing to observe the affairs of the world through their own perspective

he listed.

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