Business in Dubai
Business Opportunities, Infrastructure Support, Marketing, Branding and everything else (sort of) one should know about doing business in Dubai.
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
UAE government says NO to women in Public Relations
UAE government has strictly forbade private sector from appointing expatriate women in their public relations sections. In fact, it is not allowed to hire any expat gender as this job will remain restricted to Emiratis only.
The ministry of labour outlined the position at its“open-day” meeting, held every week to consider applications by private sector institutions and workers seeking to shift to another employer under the country’s new labour rules.
Private sector organizations employing more than 100 people are required to have a PR person and it is required to hire an Emirati for that.
Categories: Business in Dubai Tags: Employment, Public Relations
New port at Dubai Creek to be functional by August
A project to build a new port at the entrance to Dubai Creek will be completed by the end of August.
Dubai Municipality started the project earlier this year to increase the capacity of marine docks in the emirate, and develop the facilities and services of Dubai Creek.
Hussain Nasser Lootah, director general of Dubai Municipality, said the new port being built on the Deira side of the Creek would take pressure on the current port facilities.
Categories: Business in Dubai Tags: Deira, Dubai Creek, Dubai Municipality
Dubai to launch new residence visa system for property owners
It was not long ago when investors across the globe were lured in to Dubai, tempted with life time residence visas for investing in the property market. After sucking billions of dollars worth of investments in unfinished, overrated projects, it was that there is no such thing as a free-lunch, that is, life time residence visa.
Obviously, investors were panicked, especially those who have moved to Dubai with their families, kids going to schools etc., and were trying to settle down. They were told that they have to renew their visas after every six months, going out and coming back to UAE.
Categories: Business in Dubai, Living in Dubai Tags: Free Zone, Property, Trade License
Petrol shortage across Dubai and UAE
The unthinkable has happening. Who would have thought about petrol shortage in UAE? Who would have imagined pumps being closed or struggling with long queues of customers in Dubai and Sharjah? But thats what life is all about, you go up and you come down.
High subsidies leave oil retailers strapped for cash, forcing some petrol stations in Sharjah and Dubai to turn away customers from locked pumps without explanation.
Petrol retailers are having to sell a product for less than they acquired it. Ultimately they will have to get a cash injection. It might have something to do with the government in Dubai dragging its feet too much and not injecting enough money.
Categories: Business in Dubai, Dubai Transport, Living in Dubai Tags: ADNOC, Emarat, Enoc, Eppco, Petrol
Prices of 400 commodities to be freezed in UAE
In order to curb down inflation and make it easy for the less privileged residents, the Ministry of Economy in the UAE is launching a campaign to fix prices of 400 major commodities at 70 outlets across the country.
The campaign will start on June 1 and will continue till the end of this year.
Outlets joining the ministry’s initiative include Carrefour, Cooperative Societies, Lulu Hypermarket and Spinney that together account for 75 per cent of the market share of retail outlets in the country.
Categories: Business in Dubai, Living in Dubai Tags: Carrefour, Lulu Hypermarket, Spinney
