Business Extra Podcast episode 36: China's Belt and Road initiative and what it means for Middle East trade


Mustafa Alrawi
  • English
  • Arabic

Host Mustafa Alrawi was at the IISS' Bahrain Bay Forum in Manama this week where he heard lively and insightful debate on the impact of China's ambitions for a new silk road for global trade links and infrastructure.

Leading expert on the topic, Professor Lanxin Xiang, explains what the Belt and Road Initiave is and Gulf-based economist Omar Al Ubaydli discusses why China's approach has been so successful in this region.

Listen to more:

Business Extra Podcast episode 35: Property developers in buoyant mood and why investor relations matter

Business Extra Podcast episode 34: ensuring the UAE's digital economy booms

Business Extra Podcast episode 33: Everything we know about VAT

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Read more:

China to strengthen UAE, Saudi Arabia ties for Belt and Road Initiative

UAE to benefit from China’s One Belt, One Road programme

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

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THE DETAILS

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Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

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While you're here
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Director: Joseph Kosinski

Rating: 4/5

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