GCC News

Amendments to UAE banking law pose challenges for both investors and banks

Banks lending to individuals and sole proprietors need to take “sufficient” security for loans In January 2023, the UAE implemented new federal consumer protection laws, with the aim of enhancing responsible lending practices and reduce “name-only” lending in the banking sector. However, one element of these laws – referred to as Article 121 bis –…

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3-day weekend: Public holiday announced on February 25 for schools in Oman

The Sultanate will observe the day as Omani Teacher’s Day every year All educational institutions across public and private schools in the Sultanate of Oman will enjoy an official holiday on Sunday, February 25, to observe Teachers’ Day. This decision aims to honour the invaluable contributions of educators and provide them with a well-deserved break….

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Pakistan: Imran Khan’s party begins protests against polls rigging

Tehreek-e-Insaf party has decided to sit in the Opposition in Parliament Authorities on Saturday imposed prohibitory orders in Pakistan’s capital as jailed former prime minister Imran Khan’s party began nationwide protests against alleged rigging and stealing of its mandate in the recent elections. Criticising the outcome of the polls, which saw the Pakistan Tehreek-e-Insaf party-backed independent candidates emerging…

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India flight: Passenger arrested for smuggling gold worth Rs5.8 million from gulf country

Based on spot profiling, Customs officials apprehended the person and further investigation is underway Customs at the Indira Gandhi International Airport in New Delhi, India, on Saturday arrested a passenger who tried to smuggle gold worth Rs5.8 million. The authority posted on X saying that based on spot profiling, officials apprehended the person who had…

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From Russia to Japan to UAE: An honour to participate at Sharjah Light Festival, artists say

The 13th edition unfolds enchanting narratives on 12 iconic landmarks until Sunday It’s a prestigious moment for Amin Sammakieh, a Labanese-British artist and founder of Plan A Creative, who participated in the prestigious Sharjah Light Festival. For years, he eagerly anticipated this opportunity to showcase his creativity on a grand scale. Sammakieh has left his mark on…

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