The UAE is among the ten most competitive countries in the world and our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness. A strong economy drives us as a nation to be among the …
( read original story …)
The UAE’s new arbitration law: How will it impact investors?
Moreover, the UAE will send a clear message to the business world that it has the legal and regulatory framework to support the positive investment environment. However, as in any legal system, uncertainties always remain when a new law is introduced.
( read original story …)
Dubai offers tourism pass discount
Dubai is offering a 15 per cent discount on a new pass allowing tourists to visit key attractions for a fixed price in partnership with ride firm Uber. The discount is available from June 14 until July 12 and will apply to both the pass itself and six Uber …
( read original story …)
RAK Bank to offer Sage VAT accounting software to business customers
Through this partnership, RAK Bank’s business customers can benefit from Sage accounting software at preferential rates. This will enable the bank’s customers to manage their valued-added tax (VAT) compliance requirements. RAK Bank is one of the UAE …
( read original story …)
Dubai Crown Prince announces cut to restaurant and hotel fees
To enhance the attractiveness of Dubai as an investment destination to potential investors and to reduce the cost of doing business, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the municipality fees for restaurants from 10 percent …
( read original story …)
UAE Cabinet approves new labour insurance system to replace bank guarantees for workers
Sheikh Mohammed said the new legislation will support the UAE’s goal of remaining in the the highest global rankings in the ease of doing business, through an attractive economy based on flexibility, openness and in line with changing trends. #UAE cabinet …
( read original story …)
Sharjah woos tourists with its iconic mosques
The mosques of Sharjah are distinctive for their eye-catching aesthetic architecture and the tourism authorities are wooing the visitors with a new focus on these beautiful monuments. Tourists and believers alike visit Sharjah for the tranquil and …
( read original story …)
The business of Ramadan: Religion and capital converge in the UAE
However, it’s when the fasting is broken after sundown with the iftar meal that the big business moves are being made. Between obligatory prayers, meals and meetings in household Majilis offer prime networking opportunities for Dubai’s business elite.
( read original story …)
Dubai to cut municipality fees at hotels, restaurants
“This decree will expand the series of measures announced days earlier and aimed at supporting companies operating in Dubai, reducing the cost of doing business and attracting new investments,” he added. Today, Dubai is one of the world’s most …
( read original story …)
Report describes Dubai real estate as money-laundering haven
DUBAI, United Arab Emirates — War profiteers … Afghanistan in 2010 saw regulators demand that a banker turn over 18 Palm Jumeirah villas and two business properties. The brother of former Afghan President Hamad Karzai also profited from the sale …
( read original story …)
Dubai real estate labelled as money-laundering haven in new report
Dubai’s easily flipped luxury properties offered an opportunity for those wanting to park money they otherwise couldn’t spend. The Federation of American Scientists warned based on news reports in 2002 that “money-laundering activity in the UAE may total $ …
( read original story …)
Dubai business conditions rebound in May
Business conditions in Dubai recorded a sharp improvement in May – at the fastest pace in 13 months – on the back of increased output and new orders. Key drivers to this upward momentum in the non-oil private business included travel and tourism and …
( read original story …)
Qatar takes UAE to UN’s highest court over blockade
… government of Qatar is taking the United Arab Emirates (UAE) to the UN International Court of Justice over what it described as human rights violations, according to the official Qatar News Agency (QNA). The move on Monday comes a year after the UAE …
( read original story …)
Qatar takes UAE to UN human rights court over blockade
… The government of Qatar is taking the United Arab Emirates (UAE) to the UN International Court of Justice over what it described as human rights violations, according to Reuters news agency. The move on Monday comes a year after the UAE, Saudi …
( read original story …)
Qatar takes UAE to U.N. human rights court over boycott
LONDON (Reuters) – The government of Qatar said it Monday it was taking the United Arab Emirates to the United Nations’ International Court of Justice over what it described as human right violations. The UAE, Saudi Arabia, Bahrain and Egypt imposed a …
( read original story …)
Dubai’s private sector sees strong growth, but hiring remains dull
“New project wins, Expo 2020 and forecasts of robust demand underpinned business confidence,” it said. Dubai’s economic growth slowed last year, with gross domestic product growing 2.6 per cent to Dhs389bn in 2017 compared to a growth rate of 2.9 per …
( read original story …)
Noor Dubai Foundation fights visual impairment in Bangladesh
Noor Dubai Foundation recently treated 6,100 people suffering from visual impairment through eye camps in Rajshahi, Bangladesh. A non-profit organisation, Noor Dubai Foundation aims to treat preventable forms of blindness and raise awareness of diseases …
( read original story …)