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New UAE employee fees and visa scheme set to aid private sector
The UAE introduced a string of business reform measures late on Wednesday, including the reworking of business fees to hire private sector workers and more flexible visa regulations. Sheikh Mohammed Bin Rashid Al Maktoum: “The UAE is among the 10 most …
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UAE announces new visa rules for residents, jobseekers and tourists
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 …
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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.
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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 …
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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 …
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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 …
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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 …
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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 …
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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.
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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 …
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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 …
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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 …
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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 …
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UAE: FDI’s most wanted
Monica Malik, chief economist, Abu Dhabi Commercial Bank, noted that many of the recent moves by the government to improve the business environment and reduce fees are supportive of FDI. “The move to lower aviation fees in Dubai last week highlights that …
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Over 12,800 jaywalkers fined in Sharjah
Lieutenant Saud Al Shaiba, spokesperson for the Traffic and Patrol Department, told Gulf News that Sharjah Police issued fines to 12,871 people who were caught jaywalking in the emirate till May this year. However, only five people have been fined since …
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DWTC events drive Dh12.7bn in economic value for Dubai
“DWTC’s priorities are firmly aligned with UAE Vision 2021, the nation’s economic diversification strategy and the 2017 Economic Impact Assessment is testament to DWTC’s success as a MICE entity that enhances the value of business tourism to Dubai …
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