According to a report by the Dubai Chamber of Commerce and Industry, a proposal to amend the regulation regarding 51 to 49 percent of Company ownerships will go a long way in helping to attract more foreign investments, thereby supporting UAE’s recovery. 23/12/2009 - As per the latest survey report by Mercer, although the job market in the GCC is not likely to witness the heights as seen in 2008, it will surely outdo 2009. 16/11/2009 - The Emirates National Development Programme (ENDP), a Dubai knowledge and Human Development Authority initiative, has black-listed more than 500 Emirati jobseekers, so as to combat lax work attitudes, including their refusal to several job offers. 7/11/2009 - The Fatwa and Legislation Department of the Ministry of Justice has issued a regulation that employers can reduce the furniture allowance granted to employees by 50 percent, if it has been proven that employee has divorced his wife and that no one is under his custody. 2/11/2009 - A second wave of job cuts are likely next year, as the companies have begun to feel the pinch of economic downturn, warns a senior banker, despite currently being in the recovery phase. 22/2/2012 - The worlds tallest building, Burj Dubai, will keep its observation deck at 124th level of the 160-storey tower open to public, a statement said. 21/9/2009 - Leading UAE-based systems integrator, Raqmiyat, has made an announcement about its plans to launch Raqmiyat - WPS Connect, a new solution meant to work with the UAE Central Bank Wages Protection System, to UAE banks and exchange houses to help them abide by the requirements of the Wages Protection System (WPS) by the UAE Central Bank. 1/9/2009 - The first phase of implementation of the Wage Protection System (WPS), an electronic salary transfer system, which aims to ensure that workers are paid on time, will begin today. 14/8/2009 - HSBC UAE has issued termination notices to 90 junior and middle management employees, revealed sources close to the bank. 8/8/2009 - According to Macdonald & Company, the leading recruitment consultancy, which focuses on the real estate industry, the demand for property management professionals in the real estate sector is bound to rise this year. 24/7/2009 - The Ministry of Labour has granted permission to workers, who have not been paid salary for two or more months, to swap jobs, without having to wait for a No Objection Certificate (NOC) even after having received their dues. 20/7/2009 - About 31 percent of the professionals are ready to work for less salary in their next job, if redundancy becomes a reality, while 25 percent have already accepted employment in a different country from their families, reveals the latest survey report conducted by Bayt. 13/7/2009 - According to a new report by Manpower Consultants, the leading recruitment firm in Middle East, the region will see a huge increase in the global share of service sector jobs by 2015, but the female participation in labour market, will be low, which would pose a challenge for policymakers. 19/6/2009 - About 4000 Emiratis will be ready to join private sector shortly, revealed a senior official at Abu Dhabi. 15/6/2009 - The Ministry of Labour has formed new inspection teams to crack down on companies holding expired labour cards registered on their Ministry of Labour records. 1/6/2009 - Banks and private equity firms in the GCC are seeing the first signs of hiring, with the economic crisis hitting the Gulf last year. 22/2/2012 - The UAE government has introduced a new Wages Protection System (WPS) in order to safeguard payment of workers salaries, to reduce labour dispute pertaining to wages and to protect the rights of employees. 22/5/2009 - According to a new initiative to be launched this month about three million workers in the UAE will be paid electronically, a top official in the UAE said. 6/5/2009 - The number of companies in Dubai, indulging in job cuts, have reduced now, compared to the layoffs that happened earlier this year, but, hiring would continue to remain slow, until employers gain confidence that the worst of economic recession is over, revealed recruitment executives in Dubai. 6/4/2009 - A Regional Employment Center for the Arab nations will shortly be announced by the Mohammed bin Rashid Al Maktoum Foundation (MBRAMF).