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UAE: Importance of Compliance with Emiratisation Quotas
- 25.05.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
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Private sector companies in the UAE with more than 20 employees must comply with Emiratisation quotas to avoid significant financial penalties and operational disruptions, as outlined by the Ministry of Human Resources and Emiratisation (MoHRE).
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Dubai Becomes a Top Choice for Global Offices
- 18.05.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
Dubai has become a top destination for global offices, attracting companies and family businesses with its business-friendly environment and D33 agenda.
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Dubai Tops Global Greenfield FDI Rankings for Third Straight Year
- 18.05.2024
- Posted by: Omar Sami
- Category: Dubai
Dubai led the world in Greenfield FDI projects for the third year in a row in 2023, demonstrating its strong economic growth and investment appeal.
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UAE announces new 10-year Blue Residency visa
- 17.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE has introduced the Blue Residency, a 10-year visa for environmental supporters who have made efforts to protect the environment globally, as part of its sustainability initiatives for 2024.
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UAE: New Bankruptcy Law – What You Need to Know
- 04.05.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
The UAE’s new Bankruptcy Law, effective from 01.05.2024, introduces a specialized Bankruptcy Court and an Insolvency Unit, broadens liability provisions, and adds a preventive settlement mechanism to enhance the efficiency of bankruptcy proceedings.
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Dubai SME Extends Lifeline to Businesses Hit by Severe Weather
- 04.05.2024
- Posted by: Omar Sami
- Category: Dubai
Dubai SME has initiated a supportive program offering interest-free loans and grace periods to SMEs impacted by severe weather.
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UAE Talks About a 10-Year Golden Business License
- 04.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is set to revolutionize its business licensing structure by introducing 10-year ‘golden’ licenses and 5-year ‘silver’ licenses.
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Foreign Direct Investments in Europe on Decline
- 04.05.2024
- Posted by: Omar Sami
- Categories: Europe, Middle East
Europe’s Foreign Direct Investment dropped by 4%, influenced by economic uncertainties, energy security concerns, and a surge in regulatory measures across various sectors.
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Saudi Arabia’s GDP and Trade on the Rise
- 04.05.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
Saudi Arabia’s GDP rose by 1.3% in the first quarter of 2024, driven by growth in both oil and non-oil sectors, an example of economic resilience and diversification efforts.
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CBUAE Holds Base Rate: What does this mean for your business
- 04.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
The Central Bank of the UAE has maintained its Base Rate for the Overnight Deposit Facility at 5.40%, signaling stability and control in the monetary environment, crucial for the country’s economic balance.
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