Author: dailyguardian.ae

A new insurance scheme for Indian workers has been announced in the UAE, ensuring that their families will get compensation of up to Dh75,000 in case of the employee’s death, be it due to accidents or natural causes. Called the Life Protection Plan (LPP), the scheme came into force on March 1, the Indian Consulate in Dubai said on Tuesday. The LPP was a policy put together to bridge a gap in employment benefits for the 2.27 million blue-collar workers in the UAE, the consulate said. Stay up to date with the latest news. Follow KT on WhatsApp Channels. While…

Elon Musk is facing a troublesome week with three separate incidents where he faces lawsuits from former employees over unpaid salaries and sexist behaviour. Additionally, an arson incident in one of his Tesla factories in Europe has caused a ruckus. Sexist conduct Rocket maker SpaceX on Tuesday will appear before a U.S. labour board judge to face claims that it fired eight engineers for criticizing CEO Elon Musk and accusing him of sexist conduct in a letter to company executives. The case before National Labour Relations Board Administrative Law Judge Sharon Steckler in Los Angeles prompted SpaceX to file a…

Pakistan Cricket Board (PCB) chairman Mohsin Naqvi announced that the National team are set to train with the army, from March 25 to April 8 in a 10-day training camp. The camp will begin after the Pakistan Super League (PSL) concludes on March 18 and Naqvi is hopeful that players will get their fitness “up to speed.” “When I was watching the matches in Lahore, I don’t think a single one of you hit a six that went into the stands. Whenever a six like that was hit, I used to think a foreign player must have hit that. I…

NDF to Partner with SDB in Two Agreements to establish $120 Million Venture Funds for the Gaming and Esports Industry Riyadh, March 5, 2024 – In an innovative move to bolster the gaming and Esports industry within the Kingdom, the National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing of two agreements to establish two venture funds with a total size of 450 million SAR ($120 million). The announcement was made during the LEAP 2024 technology conference in Riyadh, marking a significant step towards nurturing the thriving gaming and Esports industry. The initiative is…

It’s safe to say that 2023 turned out to be a good year for the discrete graphics cards market. According to the latest data, both AMD and Nvidia saw an increase in add-in board (AIB) GPU shipments in the final quarter of 2023, and the year-to-year gains are also massive. While Nvidia still dominates the market, AMD’s share is climbing steadily, and Intel remains in the shadows. Today’s round of market insights comes from Jon Peddie Research (JPR), and it’s all about discrete GPUs. According to the analyst firm, discrete GPU shipments increased by 6.8% over the fourth quarter of…

Demand for sugar in the UAE grew by 5 per cent last year on the back of growth in population, and as some of the consumers are shifting back from artificial sweeteners to sugar after a World Health Organisation (WHO) advisory. “Demand for sugar was around 200,000 tonnes last year in the UAE, growing by 5 per cent last year due to population growth,” said Jamal Al Ghurair, managing director, Al Khaleej Sugar. “Sugar is a commodity that human beings need to eat. Without sugar, as a human being, you’ll have zero power. It also depends on how you take…

British officials said Tuesday that Kate, the Princess of Wales, will attend a Trooping the Colour ceremony in June. It is her first confirmed major official duty since the royal underwent abdominal surgery. Kate, Prince William’s wife, has been out of the public eye since January, when palace officials announced that she was admitted to a private London hospital for planned surgery. At the time, they did not provide more details but said she would not return to public duties until after Easter. The ceremony is celebrated on June 8 and the weekend that follows. The events, annual highlights in…

Fear of losing control over their companies has prompted promoters to settle dues By H.P. Ranina/ NRI Problems Question: The Insolvency & Bankruptcy Code was introduced more than five years ago. Has it helped in banks and financial institutions recovering their dues and companies being saved from liquidation? ANSWER: IBC which was introduced seven years ago has had a salutary effect and ensured timely repayment of dues to banks and financial institutions. The fear of losing control over their companies has prompted promoters to settle dues with banks and financial institutions. When a debtor has defaulted, creditors are entitled to…

The Court of Arbitration for Sport (CAS) on Tuesday reduced the four-year doping ban imposed on Romania’s former world number one Simona Halep to nine months, which have already been served. The 32-year-old was suspended for four years last September by the International Tennis Integrity Agency (ITIA) after two separate doping infractions the previous year. The two-time Grand Slam singles champion appealed to CAS in February, arguing that the positive test was the result of a “contaminated product” and anomalies in her biological passport could be linked to surgery she had undergone. “The CAS Panel has unanimously determined that the…

Dubai WoodShow 2024: Premier Platform Unveils Latest Industry Trends and Investment Opportunities Dubai, UAE, March 5, 2024: His Excellency Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, inaugurated the 20th edition of Dubai International Wood and Wood Machinery Exhibition (Dubai WoodShow) which will continue for 3 days until March 7, with the participation of 682 local and international exhibitors from 52 countries, to exchange experiences and showcase industry trends and the most promising investment opportunities offered by the wood sector. Dawood Al Shezawi, President of Dubai WoodShow, said: “Dubai WoodShow is the leading platform for wood and wood…