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UAE: DIFC on the rise
- 21.02.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East
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The Dubai International Financial Centre (DIFC) has reported a 15% increase in job creation and a 26% year-on-year increase in active companies, with revenues and operating profits rising by 23% and 27%, respectively.
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KSA: Jeddah´s Infrastructure Fuel Foreign Investment
- 12.02.2024
- Posted by: Derya Bandak
- Category: Saudi Arabia
Jeddah Central Development Co. secures four major construction contracts worth USD 3.2 billion to enhance the city’s urban landscape, aiming to redefine Jeddah as a global leisure and cultural destination by 2027.
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UAE Launches Online Legislation Platform to Boost Legal Transparency
- 12.02.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East
The United Arab Emirates has launched a comprehensive online platform providing access to its legal documents since 1971, reflecting its commitment to legal transparency and inclusivity.
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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
The 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.
