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Abu Dhabi Government has enacted a new Human Resources Law, effective 1 January 2026, to modernise its employment framework and position the government as an employer of choice. The legislation embeds meritocracy across recruitment, promotion, and rewards, introduces competitive benefits and flexible work models, and strengthens learning and career progression pathways. Designed to attract, develop, and retain high-performing talent across critical sectors, the law supports Abu Dhabi’s vision for a future-ready, agile, and high-performing government workforce.
01/01/2026
Gold recovered above the US$4,000 mark after last week’s pullback, but analysts say the correction is masking a deeper shift in global demand. While short-term investors have reduced exposure, central banks and long-term buyers—particularly in China—continue to increase their gold holdings, reinforcing gold’s role as a strategic reserve asset.
Kuwait’s annual inflation rate rose 2.19% in June, driven by higher prices for food, transport, healthcare, education, clothing, and other consumer goods, according to official data. Food and beverages saw the largest increase at 5.55%, while miscellaneous goods and services climbed 5.8%.
Second-quarter earnings are beating expectations at one of the fastest rates in years, with major banks leading the way. But as markets set a higher bar, company outlooks are proving just as important as financial results. While strong guidance is rewarding stocks, cautious forecasts from companies like Citigroup and IBM have triggered sharp market reactions, highlighting a growing focus on future growth over past performance.
The IMF has praised the UAE’s economic resilience following its latest consultation visit, highlighting the country’s strong financial system, effective policy response, and ability to withstand regional geopolitical challenges. The Fund also commended the UAE’s banking sector, fiscal strength, and proactive measures that continue to support economic stability and investor confidence.
20/07/2026
