South Korea will boost its annual quota of visas for skilled workers to more than 30,000 this year from 2,000 a year ago, to help companies battling a staff crunch, the justice minister said on Wednesday.
With younger South Koreans reluctant to take up blue-collar jobs, the industrial and farming sectors of Asia's fourth-largest economy are struggling to fill vacancies.
"As we are expanding the number by 30-fold at once ... there will be no talk of foreigners unable to come due to insufficient quota," the presidential office quoted Justice Minister Han Dong-hoon as telling a government meeting.
The comparison was to the figure of about 1,000 in 2020, the minister added.
South Korea, which initially planned a cap of 5,000 for such E-7-4 visas this year, will also relax application criteria and let companies hire more foreigners, the ministry said, in response to industry requests.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.