The UAE VAT is coming: UAE is getting ready to implement Value Added Tax (VAT) on businesses. In the first phase, registration for UAE VAT is mandatory for companies whose annual revenues exceed Dh3.75m while it is optional for those whose revenues range between Dh1.87m and Dh3.75m Companies in the UAE that record annual revenues […]
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Following the initiative taken by Abu Dhabi, almost 3,000 groceries in Dubai are set for a makeover by 2018. The Department of Economic Development (DED) is introducing new standards as part of its efforts to improve the quality of services available to the public in Dubai, particularly in the retail sector. As a part of […]
Ministry of Labor, UAE has announced a set of new Labor Laws, to come in effect from January 1, 2016. Ministerial Decrees 764, 765 and 766 pave the way for improved labour relations by securing more stable practices governed by regulations that protect workers who are legally sponsored to enter the UAE. New UAE Labor […]
The overseas operations of Dubizzle.com, leading classified website of UAE, are taken over by OLX – one of the world’s top classified websites. The acquisition process, strategically called rebranding, has been applied to ten Dubizzle properties including Saudi Arabia, Oman, Qatar, Kuwait, Bahrain, Lebanon, Jordan, Algeria, Tunis and Egypt. According to Arabian Business, Abdallah Touqan, […]
Taj Palace Hotel Dubai, the landmark hotel in Deira, cease to exist after 14 years of establishment. India based Taj Hotels Resorts and Palaces will no longer manage the Taj Palace Hotel Dubai bringing an end to a 14-year deal. The Deira property is back in the hands of owners, Juma Al Majid Group, which […]
S&K Estate Agents LLC , One of Dubai’s biggest real estate agencies has released a statement regarding its recent bankruptcy. S&K Estate Agents LLC (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors, with all 80-plus employees having lost their jobs. The company filed bankruptcy at […]
Dubizzle, the poster boy of classified listing websites in UAE, is going to through a major shakeup. According to a report by Arabian Business, dubizzle.com has parted with its CEO and numerous other staff members as part of a major restructuring. Other senior managers also are among those who have lost their jobs. The restructuring […]
While the thought of a shiny new car can be seriously tempting, do you really need one? Sometimes just because you think you can afford something, does not necessarily mean it’s a good thing to get. Applying for a personal loan or leasing a car can be a cost effective way to satisfy your traveling […]
Dubai is a city that bespeaks the story of an economic upsurge and a lifestyle that has undergone a makeover; probably many a times. By the turn of the 20th century, Dubai was already declared as a city of recuperating economy and developing city for job seekers to grow and flourish. However, fiscal scenarios are […]
Just Falafel, a UAE-based franchise restaurant offering the traditional Arab food, is planning for an IPO by October. According to Arabian Business, Just Falafel has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October 2013. Just Falafel, which was set up in […]
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