UAE to begin bank guarantee refund - GN Headlines - video Dailymotion

UAE to begin bank guarantee refund - GN Headlines

Transcript

00:00Good day, welcome to the Gulf News Update for Thursday, October the 4th.

00:06Here are the top stories at this hour.

00:09The UAE government will start refunding bank guarantees given by companies and business

00:14owners for their workers from this month.

00:17The move is expected to inject an estimated 14 billion dirhams liquidity back into the

00:23private sector.

00:24A new insurance system of 60 dirhams per worker will replace the bank guarantee given by companies

00:31at the rate of 3,000 dirhams for every employee.

00:34The Ministry of Human Resources and Amortization said the new insurance and bank guarantee

00:39refund will begin mid-October.

00:42India's benchmark stock index Sensex plunged by more than 800 points today as the Indian

00:48rupee sank to another low amid boiling crude prices and weak global queues.

00:54The rupee died to a new low of 73.81 against the dollar, while the international benchmark

01:01Brent crude reached the $86 per barrel level.

01:04The BSE 30-share barometer also lost nearly 550 points in the previous session Wednesday.

01:11Lionel Messi struck twice as Barcelona inflicted more Champions League pain on Tottenham with

01:17a 4-2 win at Wembley last night.

01:20Neymar, meanwhile, hit a brilliant hat-trick in Paris Saint-Germain's 6-1 rout of Red Star

01:25Belgrade.

01:26Lorenzo Insigne stuck late as Napoli snatched a 1-0 win over an outclassed Liverpool in

01:33a Group C game dominated by the hosts in Stadio San Paolo.

01:38Global star Priyanka Chopra has turned tech investor in one of her first acts as a start-up

01:43investor.

01:44The actress recently toured the San Francisco home of her new portfolio company Halliburton

01:50School.

01:51On Wednesday, Chopra announced her second investment in Bumble, a dating and social

01:55media app founded by Whitney Wolf Hurd.

01:58Chopra plans to help promote Bumble's launch in India in the coming months.

02:03And finally, the weather.

02:04Today's high across the UAE will be 38 degrees Celsius, dropping to 29 degrees at night.

02:09That's all for now.

02:10Thanks for watching.

02:11We will be back with the newscast on Sunday, but you can always get the latest updates

02:17on KavNews.com.