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UAE: Salaries Anticipated Growth, Skill Demands, and High-Paying Roles
- 12.02.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
No CommentsThe UAE job market in 2024 is set to experience a 4.5% increase in average salaries, with a significant demand for skills in management, leadership, and technology, highlighting the need for professionals to adapt to evolving market dynamics.
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UAE: Supreme Court Bans Compound Interest in Financial Transactions
- 09.02.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE Federal Supreme Court has banned compound interest in financial transactions, shifting towards simpler interest models and benefiting borrowers.
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UAE Emerges as a Global Investment Magnet According to UNCTAD Report
- 09.02.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East
The UAE has seen a significant 28% increase in new foreign investment projects in 2023, solidifying its status as a global investment hub.
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KSA: Saudi Arabia’s Off-Plan Property Revolution
- 09.02.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
Saudi Arabia is revolutionizing its real estate industry through off-plan property sales, aiming to increase homeownership rates as part of its Vision 2030 and National Transformation Program.
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UAE: Applying for a Loan – Important Considerations
- 28.01.2024
- Posted by: Omar Sami
- Category: Dubai
The UAE’s Central Bank emphasizes the importance of understanding loan agreements, providing 14 key questions to guide individuals. It’s crucial for borrowers to be informed about terms, interest rates, and potential financial implications to make diligent decisions.
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UAE: Employment Termination Amidst Restructuring
- 28.01.2024
- Posted by: Derya Bandak
- Category: Dubai
In the UAE, terminating employment during company restructuring requires adherence to strict labor laws, and unilateral decisions without valid reasons may lead to legal liabilities.
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UAE: Business Closure – A Guide for Entrepreneurs
- 28.01.2024
- Posted by: Uwe Hohmann
- Category: Dubai
Closing a business in the UAE involves a meticulous process, requiring careful attention to legal and administrative steps. Mainland and free zone businesses have distinct closure procedures, each with unique requirements for license cancellation, employee and utility management.
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Dubai: Exploring Real Estate Shifts in 2024
- 21.01.2024
- Posted by: Uwe Hohmann
- Category: Dubai
Dubai’s real estate market is set for transformation in 2024, with a resurging apartment sector, villa market growth, and significant infrastructural developments influencing investment dynamics.
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Ensuring Job Description Consistency in the UAE: Aligning Job Designation on Offer Letters, Emirates ID, and Visas
- 21.01.2024
- Posted by: Derya Bandak
- Category: Dubai
Employers in the UAE must maintain consistency in job designations across crucial documents such as offer letters, residence visas, and Emirates IDs, ensuring compliance with regulations set by the Ministry of Human Resources and Emiratisation (MoHRE).
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Saudi Arabia Expands Premium Residency Permit Categories to Attract Global Talent
- 21.01.2024
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia broadens its Premium Residency Permit scheme with five new categories to attract foreign investment and high-caliber talent in various fields.
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19 Dec 2024 TaxUAE Introduces World’s First VAT Refund System for E-Commerce Purchases by Tourists
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19 Dec 2024 DubaiUAE Leads Global Rankings: What It Means for Your Business
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19 Dec 2024 DubaiUAE Central Bank Cuts Interest Rates: Impact on Dubai Businesses
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13 Dec 2024 TaxUAE To Introduces 15% Minimum Tax Rate for Multinationals
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13 Dec 2024 DubaiUltimate Beneficial Ownership in the UAE