Nowadays there is a trend where over 50% of companies globally create a shared service centre and consolidate their Finance and Accounting (F & A) function. There are obvious benefits of doing so – be it commercially or from an efficiency and productivity point of...
Ms. Indranee Rajah, the Second Minister for Finance, moved the Variable Capital Companies Bill (“the Bill”) for first reading in the Parliament on 10th September 2018. Background of the Variable Capital Companies Bill Variable Capital Companies Bill will serve the needs of investment fund and establish a...
A new Decree Law No. 19 of 2018 has been issued after the announcements made earlier this year on the loosening of domestic ownership restrictions. The new Decree-Law compliments the Federal Law No. (18) of 2017 and amends the Federal Law No. (2) of 2015...
Carnival Cinemas is eyeing the remote areas of Saudi Arabia to open up 500 screens spanning in the next five years. There’s ample good news for movie lovers in the Kingdom. Two more cinema chains have recently announcing their plans to open approximately 500 screens in...
The good news is that professionals, managers, and executives will now have access to the basic employee benefits, which they couldn’t enjoy earlier. A very anticipated bill to make amends to the Singapore Employment Act (EA) was finally announced on October 2, 2018, in the...
Dubai Internet City has signed an agreement with the Russian Export Centre for launching the first Russian Centre for Digital Innovations and ICT. The announcement of the opening of the centre in Dubai Internet City is happening when the UAE and Russia have reported growth of...
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