Sunday, April 23, 2017

Business News


Trump signs executive order to reform H-1B visas

US President Donald Trump has signed an executive order making it harder for companies to hire foreign workers. He’s clamping down on the H1-B visa programme, popular in Silicon Valley, as part of a ‘Buy American, Hire American’ policy. The move will see the current lottery system for H-1B visas ...

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Tokyo’s skyline set to see 45 skyscrapers by 2020 Olympics

Tokyo’s set to see 45 skyscrapers added to its skyline by the 2020 Olympics. Analysts say Japan’s capital will see nearly 50 per cent more high-rise space in the next three years when compared to the last three years. They add that this increase was not only supported by Prime ...

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Arabtec Holding appoints new CFO

Arabtec Holding has appointed a new CFO. Peter Pollard has joined the company from outsourcing firm Serco Group and is expected to oversee their recapitalisation programme. A “shake up” of senior management has been expected. Arabtec’s shareholders are due to vote today on its proposed capital restructuring.

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Positive signs in Abu Dhabi realty market

Residents are beginning to re-enter the Abu Dhabi market place, which is a positive sign for the capital. According to property consultancy Asteco, the number of transactions in the last quarter is surprising and could indicate that we are approaching the bottom of the cycle. Despite rents falling and more ...

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Business confidence in Middle East at highest since 2015

Business confidence in the Middle East is at its highest point since 2015. According to the latest Global Economic Conditions Survey, the growth has been spearheaded by a more confident outlook in North America. It found that the recent recovery in oil price is also partly responsible for the increase ...

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