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Lebanon: THG suing government over compensation
UAE: Expatriates to get insurance cover for children
UAE: Vice Versa to lure big-spenders with loyalty plan
Turkey: Oyak Group yet to sign deal to sell Oyakbank
Greece: Food firms fined with EUR 130,500 by EFET
Greece: Three environmental warnings by the Commission
Middle East: New health insurance law underway
Lebanon: THG suing government over compensation
The Daily Star (Lebanon), 16 Dec 2006,:-
Advertising, media and marketing company The Holding Group (THG) is suing the Lebanese government for failing to provide complete compensation for damages to its offices during cartoon riots in February 2006. Angry demonstrators had previously set fire to 812 Tabaris, where THG occupied two floors. The company has taken the case to the Shoura Council.
© Esmerk
Link to original article in English.
UAE: Expatriates to get insurance cover for children
Khaleej Times, 18 Dec 2006,:-
Expatriates working or residing in the United Arab Emirates (UAE) may obtain a health insurance cover for their newborns within 30 days after the newborns' birth from their employers. UAE employers are now required to insure expatriate employees, their spouses and maximum three of the employees' children aged below 18 years. The measure will be adopted from 1 January 2007.
© Esmerk
Link to original article in English.
UAE: Vice Versa to lure big-spenders with loyalty plan
AME Info, 17 Dec 2006,:-
Early in 2007, United Arab Emirates (UAE)-based Vice Versa International FZ-LLC (Vice Versa) will be introducing its Vice Versa tourist card to high-spending tourist in Dubai. The company is partnering premium providers of tourist services, culture and art, salons and spas, food and drinks, and retail for the UAE's first independent loyalty card network.
The card has a smart chip for data storage and is a Card-Cash due to its technology for instant point redemption and reward. The network terminals for the loyalty programme is being installed and will enable partners to link to the network via an existing phone line to begin operations.
© Esmerk
Link to original article in English.
Turkey: Oyak Group yet to sign deal to sell Oyakbank
Turkish Daily News, 13 Dec 2006,:-
Turkey's Oyak Group is reported to have not yet signed an agreement to sell its medium-sized bank Oyakbank. An Oyakbank spokesman has denied the news that his group has reached a deal to sell the bank to Standard Chartered. Oyakbank has 300 branches and had assets of US$ 7.3bn at the end the firs half of 2006. Standard Chartered and France's Credit Agricole are understood to have previously expressed interest in Oyakbank, nevertheless, Credit Agricole said last week that it was not interested.
© Esmerk
Link to original article (registration required) in English.
Greece: Food firms fined with EUR 130,500 by EFET
Imerisia, 15 Dec 2006,:-
The Greek food authority, Enieos Foreas Eleghou Trofimon (EFET), has issued a total of EUR 130,500 (US$ 175,001.01) in fines to a number of food companies health and safety violations. According to EFET's officials, the companies were penalised after its inspectors found several items that were classified as unfit for human consumption in their premises.
© Esmerk
Link to original article in Greek.
Greece: Three environmental warnings by the Commission
europa.eu, 13 Dec 2006,:-
The European Commission has decided to take legal action against Greece, for breaches of three EU laws to protect the environment and public health. More specifically, Greece will be issued by the Commission with a written warning over its failure to comply with a ruling by the European Court of Justice, for the development of a plan to manage dangerous waste in the polluted area of Thriasio Pedio. Meanwhile, Greece will be also issued with a final written warning for continuing to allow the use of fuels with a higher than allowed sulphur content, above the EU limit of 1%, and for several breaches of the EU law on urban waste water treatment.
Middle East: New health insurance law underway
Trade Arabia, 19 Dec 2006,:-
New laws related to compulsory health insurance provision are in the process of implementation by the authorities of Saudi Arabia, Bahrain, Qatar and United Arab Emirates (UAE). Meanwhile, talks are being held by Nexus, the biggest independent financial advisor in the Middle East, with local and foreign healthcare insurance brands on the prospect of widening the choice of health insurance products in the region.
© Esmerk
Link to original article in English.
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Issue 4 | January 2007