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Press Dossier   By Date  14/06/2025
State-led startup momentum poised for sustainable growth under Vision 2030
Amid a record-breaking surge in venture funding and a wave of regulatory reforms, Saudi Arabia is drawing global attention for its ambitious push to build a vibrant startup economy.
Closing Bell: Saudi Arabia’s main index declines to close at 10,840
Saudi Arabia’s Tadawul All Share Index closed lower on Thursday, falling 164.08 points, or 1.49 percent, to end the session at 10,840.94.
Saudi-UK ties deepen as 400+ leaders boost investment partnerships in London
Saudi-UK business ties are set to grow as more than 400 leaders from various sectors gathered in London to explore cross-border investment opportunities and strengthen economic partnerships.
Bahrain’s Islamic finance industry projected to surpass $100bn in 3 to 5 years
Bahrain’s Islamic finance industry is likely to surpass $100 billion within the next three to five years, according to global credit rating agency Fitch Ratings.
Borouge and Adnoc L&S ink $531 million partnership to boost UAE petrochemical exports
Borouge and Adnoc Logistics & Services Plc have entered a 15-year strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE.
Up to Dh1 million fine: UAE media law goes into effect; list of penalties revealed
A new media law has come into effect in the UAE as of May 29, introducing a strict regulatory framework for all media activities in the country. The law carries hefty penalties up to Dh1 million, for violations ranging from insulting religious beliefs to operating without a licence.
UAE: Can employees request to add annual salary increment clause in employment contract?
Question: I am currently employed at a mainland Dubai company that offers bonuses, annual salary increases, and other benefits. I’ve received a job offer from another company that provides a higher base salary but does not mention any annual salary increases. Can I request that a clause guaranteeing annual salary increases be added to the contract? If so, what is the legal standing of such a clause under UAE labour law? Please clarify.
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