He clarifies that the offer accepted by Hamas is a softened version of Egyptian proposal, which is not acceptable to Israel
mena8 hours ago
The rules for those opting for an early retirement such as in case of sickness will not be affected in the new proposed draft law.
According to the Bahrain-based Al Wattan newspaper, a daft law in this regard will be referred soon to the parliament to be approved within the first year of this legislative term.
The move is seen as an attempt by the government to deal with the BD5 million deficit of the General Organisation for Social Insurance (GOSI) and to meet international standards to increase the retirement age.
Saudi Arabia has already increased the retirement age to 65.
The GOSI have been complaining of its low investment revenues because of pensions as most of their subscribers live an average life touching seventy, while after their deaths the pensions continue for their wives and unmarried and unemployed children.
The draft law also aims a bringing down the rate of pension which is being offered at 5 to 17 per cent at present.
He clarifies that the offer accepted by Hamas is a softened version of Egyptian proposal, which is not acceptable to Israel
mena8 hours ago
These areas will serve a growing population and will act as green corridors that link service areas, residential areas, and workplaces
uae8 hours ago
The Kremlin specifies that the exercises are a response to statements by French President Emmanuel Macron and British officials
world9 hours ago
Hopes for a September cut rose after the non-farm payroll report on Friday
markets9 hours ago
He also stabbed three other workers, leaving them with serious injuries
uae9 hours ago
Dubai FinTech Summit kicked off on Monday with over 200 exhibitors
business9 hours ago
There were no immediate details over what the agreement entailed
mena9 hours ago
Authorities are currently investigating the sightings
uae10 hours ago