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A.M. Best Briefing: VAT Implementation Poses Significant Challenges for GCC Insurers

May 28, 2017 UAE Business 0

Uncertainty persists as to when precisely Value Added Tax (VAT) will be introduced in the member states of the Gulf Cooperation Council (GCC), and the process surrounding a roll-out. However, given the fiscal pressures in the region, the introduction of taxation seems inevitable and could cause short-term cash-flow issues for insurers. Read more

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How You Can Alter the Strength of Your Passport – And Why You Should

May 28, 2017 Micha Rose Emmett 0

Across the world, the social and political landscape appears to be becoming increasingly turbulent. When conducting business on an international scale, there are already several challenges to contend with; ranging from unpredictable markets and currency exchange rates, to time zones and managing teams across continents – but there is one aspect that you have the potential to take some control over – your passport. Read more

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Advertising and Retail Sector are Leading Economic Activities in Dubai.

May 28, 2017 UAE Business 0

Advertising – including campaigns, promotions, trade fairs are booming in Dubai as this reflects in permits being issued to this sector of the Emirates economy. Over the first quarter of this year, the Dubai Economy has witnessed 1,604 advertising permits being issued by the business registration and licensing (BRL) sector. These permits are issued to help standardize the activities, products, and services rendered by the various types of economic activities in Dubai. The permits help businesses to communicate their activities and increases its demand. Read more

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First journalists poll reveals the UAE’s top 10 Public Relations agencies

May 23, 2017 UAE Business 0
  • PR Index first of its kind to identify the best PR agencies in the UAE from journalist’s’ perspective
  • 200 journalists polled on quality of PR agency content and level of support
  • PR Index will enable companies to select PR agencies based on key quality measurement criteria

Content Plus, the Dubai-based consultancy, today launched the UAE’s first ever Public Relations Index. Driven by a poll of 200 journalists on their perspectives of public relations (PR) agencies and professionals in the UAE, the unique index identified the top 10 PR agencies based on two key criteria: quality of content and effective engagement with the media by evaluating their level of support, fast follow up and interaction. Additionally, these criteria were rated individually as part of two sub-indices. The index also revealed the most active PR agencies in the UAE. Read more

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IREIS 2017 to Host the Largest Egyptian Property Show in UAE

May 22, 2017 UAE Business 0

The 9th edition of the International Real Estate & Investment Show brings Egypt’s leading real estate companies under one roof to highlight country’s growing real estate sector and to attract investors from various parts of the world from the 2nd to 4th November 2017 at the Abu Dhabi National Exhibition Centre (ADNEC). Read more

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Purchasing Industrial Mixtures: What to look out for

May 19, 2017 UAE Business 0

The industrial revolution within recent decades has brought several technological advancements within the manufacturing, building and construction, and the general industrial sector.  This has also led to a boom in multiple manufacturing brands and service providers leading to a state where consumers find it difficult in choosing a brand and model to buy from. Read more

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Kuwait And Oman Join Saudi Arabia And Russia In The Quest To Extend Oil Supply Cuts.

May 16, 2017 UAE Business 0

Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension. Read more

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Will Dubai Investors Take Advantage of the Fall of UK’s Real Estate?

May 14, 2017 UAE Business 0

Investors in Dubai have a good interest investing in the UK. As the UK experiences depreciation following effecting Article 50, will Dubai investors look into investing in the UK as the GBP depreciates as a result of Brexit? Following the Brexit referendum last year, there has been a 16 per cent fall in the value of commercial real estate in the UK. Head of residential at JLL MENA mentioned that “In the Middle East, we find that Gulf-based investors and owner-occupiers have always had a tremendous affinity for the UK as a place to invest and to spend time. The capital largely flows into London from these potential investors, but there has been increasing interest in cities such as Birmingham and Manchester in the last couple of years.” Read more

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Construction disputes in the Middle East being resolved quicker than before, finds Arcadis report

May 11, 2017 UAE Business 0
  • Ongoing liquidity issues due to lower oil price led to increase in volume of claims submitted
  • Average value of construction disputes decreased, indicating higher number of lower value claims
  • Failure to properly administer the contract remains the most common cause of construction disputes
  • Party to party negotiation still the preferred method for resolving disputes across the region 

Ongoing liquidity issues within the Middle East construction market has seen an increase in the number of claims submitted however the industry is resolving them more swiftly, according to the latest research from Arcadis. On a less positive note, basic contract issues remain the root cause of many of the disputes that materialize across the region. Read more