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Month: September 2024

Posted on 05/09/2024

UAE sees increase in demand for credit as construction and real estate firms look to bank loans despite rising interest rates

UAE businesses are looking for bank loans despite rising interest rates, as construction, real estate, manufacturing, retail and wholesale look to borrow. The Central Bank of the UAE stated that …

Posted on 05/09/2024

Built A ‘Home’ In Dubai, Says Expat Who Is Leaving UAE After Nearly 5 Decades

In an interview with Khaleej Times, he said,“In over four decades I’ve built a ‘home’ here. Leaving now, I am not just departing from a geographical location, but from a lifetime of experiences that …

Posted on 05/09/2024

7 lip smacking pizza places in Dubai to grab a slice this week

After a long work week, ordering pizza on a Friday is the ultimate comfort food choice. It’s quick, easy, and satisfies those hunger pangs without any hassle. Plus, it’s versatile enough to please …

Posted on 05/09/2024

UAE Property: ‘Will my money in escrow be refunded for a stalled project?’

Question: I invested in a property in Dubai in 2008. The project did not take off. We were promised that the project would be liquidated and the money returned to investors but this has yet to happen.

Posted on 05/09/2024

Best spots for remote working in Abu Dhabi and Dubai

Since the Covid-19 pandemic, remote working has been embraced by more and more companies – with some employing hybrid set-ups and others completely abandoning thoughts of returning to the office. The …

Posted on 05/09/2024

UAE’s non-oil business activity rebounds after July slump

Business activity in the non-oil private sector of the UAE rebounded in August, after hitting its lowest level for nearly three years in July, with growth regaining momentum as companies received new …

Posted on 05/09/2024

Jordan, UAE Sign Agreements For $2.3B Railway Project Connecting Aqaba To Mining Sites

AMMAN – Jordan and the United Arab Emirates on Wednesday signed four agreements to initiate a $2.3 billion railway project that will connect the

Posted on 05/09/2024

UAE Weather: Possible Rainfall By Afternoon Fair, Partly Cloudy Day Ahead

There is a chance of some convective clouds formation eastward, may be associated with rainfall by afternoon. Light to moderate winds will blow. Temperatures could be as high as 46oC in the country.

Posted on 05/09/2024

Visa overstayers detained or facing arrest can win amnesty reprieve, Dubai official says

Most people held in Dubai on suspicion of overstaying visas or who have had arrest warrants issued against them in such cases can benefit from the UAE amnesty, a senior official has confirmed. However …

Posted on 05/09/2024

UAE’s Financial Platform Ziina Reports $22M Series A Round

Ziina, the UAE’s financial platform supporting consumers and businesses, announced that it has raised $22 million in a Series A round.

Posted on 05/09/2024

Crypto firm OKX hires Grab’s ex-MD as its new CEO & gets payment licence from MAS

Cryptocurrency company OKX received its MPI licence from the Monetary Authority of Singapore (MAS) and hired ex-Grab MD as new CEO.

Posted on 05/09/2024

UAE: Job performance-based commission scheme helps employees earn extra

Some companies in the UAE are expanding commission-based incentives beyond their sales teams to reward employees for exceptional performance. This initiati..

Posted on 05/09/2024

UAE’s Adnoc Buys 35% Stake in Exxon’s Texas Hydrogen Plant

Abu Dhabi National Oil Co. agreed to take a 35% stake in Exxon Mobil Corp.’s proposed hydrogen project in Baytown, Texas, which is likely to be the world’s biggest once built.

Posted on 05/09/2024

Built a ‘home’ in Dubai, says expat who is leaving UAE after 5 decades

The final goodbye is not to a place, but to a time in your life that will always be with you,” said Manjuran Joseph Jacob who has spent nearly five decade..

Posted on 05/09/2024

Where to bite into the Dubai chocolate bar craze in Orange County

Made viral by TikTok users, house-made versions of the Dubai chocolate bar are being offered at bakeries around Orange County.

Posted on 05/09/2024

Why Global Investors Are Flocking to Dubai’s Real Estate Market in 2024: Not Just a Bubble?

The surge in demand is fueled by an influx of 50,000 new residents within just six months, pushing the supply-demand ratio to 2:1. Companies like Colife highlight that Dubai’s real estate …

Posted on 05/09/2024

UAE: FTA urges Corporate Tax registration by September’s end

The FTA Decision outlines deadlines for each category of taxable persons subject to Corporate Tax to submit their registration applications …

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