Dubai's new employment law is part of a significant expansion plan aimed at attracting and retaining talent in the UAE. The legislation introduces several highly anticipated provisions that benefit both employees and employers.
The six countries that comprise the Gulf Cooperation Council will implement a value added tax in 2018. Businesses operating in the Gulf region need to be aware of how the new VAT will affect their operations.
After years of negotiation, the Trans-Pacific Partnership (TPP), a massive new trade agreement, was signed in February this year by 12 nations. If it is ratified — a big “if” — it will bring important economic benefits to member nations, which include the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru — but not China. At first glance, it may seem surprising that the world’s second-largest economy isn’t participating. But if you take a deeper look at the pact and its requirements, the reasons become clear. They also shed light on China’s ambitions and the other initiatives it is pursuing to support them, even as the future of the TPP itself becomes increasingly cloudy.
In this week's Global Glance we look at how Uber’s $3.5 billion injection may be a setback for women in Saudi Arabia; OPEC and global oil prices; and the mystery of King Tut's dagger solved.
This week look at a Thai hotel chain’s aggressive and intriguing global strategy; 2015 as the year of mergers and acquisitions; and year-in-pictures slideshows worth scrolling through.
In this week's Global Glance we look at tipping practices around the world, how instability can create opportunity in emerging markets, and Soho House’s successful international expansion.
In this week's Global Glance we look at a Spanish case that may force a company to bottle Coke against its will, cracking down on illicit financial flows from Africa, and a travel jacket company that received $9 million in Kickstarter Funding.
Each Monday morning, we provide brief summaries of interesting and informative international stories from around the web.