It’s now easier to sponsor your family in UAE and it won’t require a fancy job title
All workers with reasonable income who would like to stay with their families in UAE will now be able to do so, Khaleej Times reports. Decision will strengthen “family ties of workers” and boost the labour market. Income sufficient to support their families will be the only requirement for UAE expatriates to sponsor their family […]
UAE named Gulf’s happiest country, 21st globally
Ranking achieved two years after the UAE launched the world’s first happiness council, Arabian Business reports. The UAE has been named as the happiest country in the Gulf region, ranking 21st globally in a new list topped by Finland. Saudi Arabia (28th), Bahrain (37th) and Kuwait (51st) were also included in The World Happiness Report, […]
Nearly 10,000 jobs created and 2,500 companies established in March in Dubai
Dubai witnessed stronger business activity in March through the establishment of nearly 2,500 new companies, creating over 9,600 jobs in a month alone. According to the Department of Economic Development’s Business Registration and Licensing (BRL) section, 2,459 new licenses were issued in March 2019, a growth of 35.4 per cent, compared to 1,816 licenses issued […]
Dubai realty check: Property buyers are back with increased transactions
Dubai’s property market is witnessing signs of green shoots as the number of transactions increased in the first two month of 2019 while developers also report good numbers as lower prices attract new buyers. “In the first two months of 2019, there is increase in number of transactions. There are more buyers in the market. […]
New licensing standards to improve education in UAE universities
The new standards are aligned with the National Strategy for Higher Education, Khaleej Times reports. The Ministry of Education (MoE) has launched a new set of standards for licensing universities in the UAE, taking effect in the last quarter of the year. It streamlines the accreditation process, introduces a quality-based evaluation scheme, and addresses the […]
More first time buyers said to enter Dubai property market
Bayut.com CEO Haider Ali Khan says lower prices mixed with new laws regarding visas and retirement options are driving change, Arabian Business reports. Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market, according to real estate portal […]
Business activity in Dubai increases at the fastest rate since 2015
UAE on track to meet 2021 economic diversification targets Dubai’s non-oil private sector economy expanded at a fastest rate in nearly a year in March, according to a new business survey. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose from 55.8 in February to 57.6 in March, the highest since May 2018. Total […]
Dubai ranks 6th globally with $10.5bn FDI in 2018
FDI projects have led to the generation of 25,000 new jobs created by investors, with medium and high-tech FDI projects being the main driver, Arabian Business reports. Dubai attracted $10.5 billion (AED38.5bn) worth of foreign direct investment (FDI) in 2018, up 43% compared to 2017, climbing to the sixth place in global FDI capital flows […]
Buyers again snapping up off-plan properties in Dubai
More than half of Dubai homes sold so far this year were off-plan Off-plan sales are blooming once again in Dubai – March’s tally of 1,845 units handily beats the 1,713 transactions registered with Dubai Land Department in February. More importantly, these two months are way better than any monthly tally since May 2018 A […]
UAE world’s top hotspot for startups followed by New Zealand, Singapore
About 52 percent of these startup companies are B2C ventures, in addition to the fact that 93 percent of them are headquartered in Dubai, Khaleej Times reports. Studies indicate that the UAE is the world’s top hotspot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden. It is observed that […]