Business in Dubai
Business Opportunities, Infrastructure Support, Marketing, Branding and everything else (sort of) one should know about doing business in Dubai.
120 day business license to be introduced in Dubai
The Department of Economic Development (DED) is planning to introduce a new type of company license initiative where a business can receive its license in 120 days.
According to the report, the 120 days licence allows a businessman or woman to start a business immediately and complete the rest of the licencing requirements, such as approvals from other government authorities concerned, within the next 120 days.
Business activities in Dubai have been categorised as No-Risk, Low Risk and High-Risk for the sake of evaluating the new business.
Categories: Business in Dubai Tags: DED, Dubai License, Professional, Start a Business
Forex Trading in Dubai
Dubai is a hub of forex trading. The investors in Dubai have turned to forex trading after the fall of real estate market in Dubai. Since then, forex brokers and trading companies have grown in Dubai, attracting local and foreign investors alike.
About Forex Trading: Forex trading involves two parties where both the parties exchange one foreign currency for the other at the agreed rate. Transactions between both the parties can be settled in 3 ways. The three types of settlements are immediate, future or deferred. Immediate transactions are Spot settlements. Latest figures released by Dubai Economic Development (DED) show that the UAE has recorded the growth of 6.2% which is more than any other Middle East region.
Categories: Business in Dubai Tags: DED, Dubai Trading, Forex, Forex Trading, Tax Free
GEMS Education to open private schools in the UK
Dubai-based GEMS Education is planning to venture out in the UK by setting up private schools with fees at half the price of top schools in the country.
As reported by Arabian Business, GEMS intends to open six fee-paying day schools for boys and girls aged three to 18 in towns and cities across England over the next two years.
It is said that GEMS aims to charge parents between £8,000 and £12,000 a year – about half or a third of the price of some of the country’s leading public schools.
Categories: Business in Dubai, Education, Living in Dubai Tags: Education, GEMS, UK
Grove Boats To Offer Solar Technology For Dubai Abras
Switzerland based company, Grove Boats, has announced to provide solar power technology for Dubai Abras.
As reported in Khaleej Times, Guy Wolfensberger, managing director of Swiss-based Grove Boats, will discuss this proposal with RTA officials during the Dubai Boat Show in March.
We have a plan for the RTA to provide solar power technology for the abras. We can provide the technology to replace the diesel engines with the solar power. With the technology, the traditional image and looks of these boats will not be affected. The solar-powered boats will also help protect the Creek’s environment as there will be no diesel discharge and no engine sound.
Categories: Business in Dubai, Dubai Transport, Living in Dubai Tags: Abra, Croatia, Dubai Boat Show, Dubai Creek, Grove Boats, RTA, Solar Power
Wave of unemployment soon to hit UAE
With recession in Europe and US getting worse from bad, companies in the UAE plan to rightsize to cut costs and stay in business. This will bring a new wave of unemployment to the shores of Dubai as well.
Jobs in Abu Dhabi’s construction industry are likely to be the most affected as state-backed firms reassess their budgets.
The UAE was dealt a blow by the global economic crisis in 2008, which saw property prices decline by around 60 percent as banks curtailed their lending and speculators left the market.
Categories: Business in Dubai, Living in Dubai Tags: Abu Dhabi, Construction, Jobs, Recession
Mission Visas for short term gigs in UAE
This is good news for employers, who have a short term task to be done and don’t need to get into the hassle of hiring a permanent employee, as well as for potential candidates who are looking for work in UAE.
As per a report in the Gulf News, expats who wish to work for a short time or on probation can enter the country on mission visa which is for 90 days.
People who enter the country on visit, transit and tourism visas cannot work and cannot obtain a work permit here.
People caught working on visit visas will be deported and banned from entering the UAE forever and employers will be fined Dh50,000 for each such work.
Categories: Business in Dubai Tags: Labour Card, Labour Laws, Mission Visa
Toyota Al-Futtaim Motors recall 200 vehicles including Avalon, Camry and Lexus
Toyota’s local distributor is looking to recall nearly 2,000 Toyota and Lexus 2004 models in the UAE.
The models listed by Al-Futtaim Motors include 929 Toyota Avalon and Camry vehicles and 1,015 Lexus RX330 and ES300 vehicles all 2004 year models.
The voluntary service campaign will inspect the vehicles to check and possibly replace the crankshaft pulley on the V6 engine.
This comes as part of a worldwide recall by Toyota Motor of around 550,000 vehicles due to steering problems. In these cases, the outer ring of the engine’s crankshaft pulley has become misaligned with the inner ring, causing noise or a warning signal to light up.
Categories: Business in Dubai, Dubai Transport, Living in Dubai Tags: Al-Futtaim Motors, Avalon, Camry, Lexus, Toyota
