UAE airports have seen a significant surge in passenger traffic during the first half of 2024, with a 14.2 percent increase compared to the same period last year. This growth reflects the country’s ongoing economic recovery and its position as a global aviation hub. The Rise of Air Travel in the UAE According to data…
The United Arab Emirates has taken a bold step forward in its fight against financial crime with the approval of a new national strategy. The 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing, approved by the UAE Cabinet, marks a significant milestone in the country’s ongoing efforts to safeguard…
UAE’s Economic Leap: Largest Federal Budget Unveiled The United Arab Emirates (UAE) has taken a monumental step in its economic journey by approving the largest federal budget in its history. This unprecedented move is set to significantly impact the nation’s economic landscape, fostering growth across various sectors and enhancing the overall business environment. The newly…
India and UAE Strengthen Economic Ties with New Initiatives The United Arab Emirates and India have taken significant steps to enhance their economic partnership through several key initiatives. These developments aim to boost bilateral investments, facilitate cross-border transactions, and strengthen supply chain cooperation. Investment Treaty Boosts Bilateral Investments A new bilateral investment treaty (BIT) between…
The three-month Midday Break in the UAE concludes tomorrow, showcasing unprecedented success in protecting workers from summer heat. UAE’s Commitment to Worker Safety Shines The Ministry of Human Resources and Emiratisation (MoHRE) has announced the conclusion of the Midday Break initiative, which ends tomorrow, September 15. The program, which began on June 15, banned outdoor…
Description: The UAE’s Federal Authority for Identity, Citizenship, Customs, and Port Security has announced the final countdown for visa violators to regularize their status or leave the country without penalties. With only 24 days left until the October 31 deadline, authorities are urging violators to take advantage of this grace period to avoid legal consequences…
Dan Khan, a 26-year-old entrepreneur, shares his inspiring journey from college dropout to digital marketing expert, helping coaches and content creators scale their businesses to seven figures. The Unconventional Path to Success Dan Khan’s story is a testament to the power of following one’s passion and challenging the status quo. At 21, while studying electrical…
UAE Banks Boost SME Lending to $22bn Small and medium-sized enterprises (SMEs) in the UAE received a significant financial boost as banks extended 81.2 billion dirhams ($22.1 billion) in loans and financial facilities by the end of the first half of 2024. This figure, reported by the Central Bank of the UAE (CBUAE), represents 9.5…
Experts from Avantex Corporate share valuable advice on company formation, taxation, and business growth in the United Arab Emirates. Unlocking Business Opportunities in the UAE The United Arab Emirates has emerged as a global business hub, attracting entrepreneurs and companies from around the world. Mukesh and Nazir from Avantex Corporate, a UAE-based consultancy and corporate…
Description: This article explores the challenges faced by older professionals seeking employment in the UAE, highlighting the barriers they encounter and offering insights from experts and experienced individuals. It discusses the demographic shift in the UAE, the influx of seasoned professionals, and the misconceptions and ageism that exist in the job market. The article also…
