SME wage compliance to rise to 80 percent by 2020: Saudi Labor Ministry
Author: MOHAMMED AL-SULAMIWed, 2017-03-22ID: 1490126333574662300 JEDDAH: The Ministry of Labor and Social Development said its wage-management system will increase transparency and protect contractual relationships between workers and employers, adding that it expects compliance by small and medium-sized enterprises (SMEs) to reach 80 percent by 2020. The ministry said the system aims to create an attractive and safe […]
Colin Kaepernick donates $50,000 to Meals on Wheels
Author: The Associated Press | APWed, 2017-03-22ID: 1490188398860922600Meals on Wheels has confirmed a $50,000 donation from former San Francisco 49ers quarterback Colin Kaepernick.The group that provides food for seniors in need thanked Kaepernick for his donation on Tuesday. It came a day after President Donald Trump took a swipe Kaepernick during a campaign-style rally in Kentucky by […]
Penelope to play Versace in ‘American Crime Story’
Author: AFPWed, 2017-03-22ID: 1490120640963954400LOS ANGELES: Penelope Cruz will play her first major television role as Donatella Versace in FX’s “Versace: American Crime Story,” the third season of the hit show, the network said Monday.The Oscar-winning Spanish actress will be joined by Edgar Ramirez (“Point Break,” “The Girl on the Train”) who will play Gianni Versace in the […]
Brexit banks set to avoid lengthy euro zone entry test — sources
Author: ReutersWed, 2017-03-22ID: 1490166805859169600 FRANKFURT: Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter. The European Central Bank, the euro zone’s banking supervisor, has had many inquiries […]
Apple drives further into Facebook, Snap territory with video app
Author: Stephen Nellis | ReutersWed, 2017-03-22ID: 1490124188494390700SAN FRANCISCO, US: With the release of a new video app called Clips, Apple Inc. is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc’s Snapchat and Facebook Inc’s Messenger.Clips, which will hit Apple’s App […]
Oil prices climb on talk that OPEC could extend supply cut
Author: ReutersWed, 2017-03-22ID: 1490123555254339500 LONDON: Oil prices climbed on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories. The Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC producers agreed to cut production from Jan. 1 by 1.8 million […]
Emirates Global Aluminium plans IPO, banks pitch for role
Author: ReutersWed, 2017-03-22ID: 1490123554924338600 DUBAI: Emirates Global Aluminium (EGA), one of the world’s top five producers, has invited banks to pitch for a role in its planned initial public offering, sources told Reuters. The IPO could take place later this year, on either the Dubai or Abu Dhabi stock exchange, but the size of the offering has […]
Asian deals seen helping Aramco valuation ahead of IPO
Author: ReutersWed, 2017-03-22ID: 1490123554814338300 SINGAPORE: Saudi King Salman’s tour of Asia had a determined marketing mission — to cement the Kingdom’s place as leading oil supplier to the world’s biggest consumer region. The string of deals inked on his three-week tour to Malaysia, Indonesia, Japan and China also point to a fresh strategy, one to increase Saudi […]
Egypt aims to raise 6bn pounds from sale of stakes in state firms: Minister
Author: ReutersWed, 2017-03-22ID: 1490123555144339200CAIRO: Egypt aims to raise 6 billion pounds ($329 million) from the sale of stakes in state companies in the 2017/18 financial year, Finance Minister Amr El-Garhy told Reuters, part of government efforts to generate revenue and attract investors.He did not specify which companies would be involved, or the size of the stakes which […]
EU deplores ‘surreal’ stand by US on world trade
Author: AFPWed, 2017-03-22ID: 1490123555034338900BRUSSELS: EU finance ministers on Tuesday deplored the “surrealist” stand on world trade taken by the US at a tense G-20 meeting over the weekend.In a first taste of what Trump’s presidency means for the world economy, the G-20 failed to get Washington to sign off on a traditional pledge to reject protectionism at […]
