Business in Dubai
Business Opportunities, Infrastructure Support, Marketing, Branding and everything else (sort of) one should know about doing business in Dubai.
Pakistani lost his life on closure of Shindagha Market, Family needs 50000 dirhams to ship dead body back home
People come to Dubai, and UAE, to improve their living conditions. The labourers, shop keepers, domestic help, and expats belonging to similar trades work hard, toiling under the harsh sun and harsher working environment, in order to earn a decent living. Some get what they desire, but life is not a bed of roses for the rest.
Gulf News reported a sorry tale of one butcher from Pakistan who died from grief on the closure of the Shindagha Market in Dubai.
Pakistani butcher Ghulam Shabbir and other traders in the traditional bazaar were told by civic officials to pack up by the end of September to make room for a retail giant.
Categories: Business in Dubai, Living in Dubai Tags: Al Shindagha, Pakistan
Dubai Oil Field to Start Production This Year
Good news for Dubai as another oil field will start production soon.
Al Jalila, the new oilfield named after the daughter of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will be the fifth producing fields in Dubai since oil was discovered in the 1960s.
Samuel Ciszuk, senior Mena energy analyst with IHS Energy, said yesterday that the overall importance of the field was unclear.
The UAE’s average sustainable crude oil production capacity is set to increase 12.5 per cent to 3.06 million barrels per day by 2014, according to estimates by the Paris-based International Energy Agency (IEA).
Categories: Business in Dubai Tags: Al Jalila, Oil
Meat One meets Dubai
Meat One, a branded meat outlet by Pakistan’s batting legends Inzamam-ul-Haq and Saeed Anwar, has arrived in Dubai.
Gulf News reports that Meat One will be opening two branches in Dubai, one at Al Nahda near NMC Hospital and other at Motor City. Both branches will be opened on the same day.
Alif Investment, a Dubai-based company, has got exclusive rights for Meat One for the UAE and other GCC countries.
It is also said that Junaid Jamshed, ex-Vital Signs lead vocal, is the main man behind Meat One.
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Doner Restaurant achieved Guinness World Record for largest Mutton Doner
Biryani got dear in Dubai
After ID Cards for Expats, Animals to be tagged for more milk and meat
Dhs 300 fine for falling asleep in Dubai Metro
22% of Indian, Pakistani schools in Dubai suck!
Six Month Labor Ban Maybe Scrapped
Rains create havoc in Dubai
Dubai to welcome 2012 with fireworks at Burj Khalifa
5,000 Dubai cabbies to watch India Pakistan Twenty-20 for free
Expats Perplexed on Expensive Childbearing in DubaiCategories: Business in Dubai Tags: Al Nahda, Alif Investment, Inzamam-ul-Haq, Junaid Jamshed, Karachi, Meat One, Motor City, NMC Hospital, Saeed Anwar
Dubai among worst hit property markets in the world
Dubai real estate was the 9 worst performing market in the world last year, according to a new report by Knight Frank. However, the results of a survey of the 50 biggest property markets in the world also show the rate of decline in Dubai has began to slow.
Reported in Arabian Business, Dubai prices have declined 49.7 percent overall since the peak in the third quarter of 2008.
Last month, a survey of local analysts by Arabian Business found house prices in Dubai’s battered real estate market will slide a further 15 percent by the end of the year.
Categories: Business in Dubai, Living in Dubai Tags: Real Estate
International City rents drop below Dhs 15,000
Rents in the International City area of Dubai have slipped below AED15,000 a year for the first time, as prices in Dubai’s battered property market continue to fall.
Several studios in the Nakheel development are available for as little as AED14,000 a year, although most landlords require potential tenants to pay the full amount in a single cheque.
A series of studios measuring 455 sq ft in size are listed in many of the development’s clusters, including England, China, Italy and Greece.
The prices are more than 50 percent lower than the AED30,000-35,000 bracket recommended in RERA’s first Dubai rental index, published in October 2009.
Categories: Business in Dubai, Living in Dubai Tags: Discovery Gardens, International City, Nakheel
Early Home Loan payees get benefit by MRHE
Beneficiaries of home loans granted by the Mohammad Bin Rashid Housing Establishment (MRHE), will have certain percentages of the loan waived if they repaid the loan before its maturity date.
The Royal decree No. 22 for the year 2011, stipulated that if a beneficiary of home loans granted by the Mohammad Bin Rashid Housing Establishment (MRHE) reimburses the loan amount before the period of its maturity, he will be exempted from repaying the full amount, and the waivers will be calculated as per the table issued as the annexure to the decree.
Categories: Business in Dubai, Living in Dubai Tags: House Loans, MRHE
Mashreq Bank service issues, incompetency and fraud
Mashreq Bank boasts a lot about customer service. However, as noticed earlier, there are some serious service issues which have led customers to complaint to the Central Bank.
Following are some complaints posted by Mashreq Bank customers at a complaint board. This is provided here for general information only. It is not intended to be given as advice and should not be relied upon as such.
If Mashreq Bank or their affiliates want to comment on that, they can do so in the comments section.
To launch your complaints against any banking service, please visit the website of the Central Bank of UAE.
Categories: Business in Dubai, Living in Dubai Tags: Customer Service, Fraud, Mashreq Bank