Australia and the United Arab Emirates are poised to finalize a free-trade agreement by the end of this year, according to Trade Minister Don Farrell. He mentioned that discussions with the European Union and India would be postponed until after the elections. Farrell is scheduled to visit the UAE this weekend for negotiations on the […]
In the UAE, authorities identified 33,000 instances in 2023 where companies failed to fulfill salary payments to employees via the Wage Protection System (WPS). The Ministry of Human Resources and Emiratisation (MoHRE) disclosed that it applied “administrative penalties” against these companies. The ministry did not specify the exact nature of these administrative penalties or the […]
Dubai: In a strategic maneuver aimed at enhancing bilateral business connections between the UAE and Germany, the International Free Zone Authority (IFZA) has forged a partnership with the Bundesverband Mittelstandische Wirtschaft e.V (BVMW), the German Federal Association of Small and Medium-Sized Businesses. Serving as the official representative of BVMW in Dubai, IFZA will establish an […]
Banks operating in the United Arab Emirates (UAE) have imposed limitations on their interactions with Russia and have initiated closures of both individual and corporate accounts due to concerns about potential exposure to secondary sanctions. According to reports from Vedomosti, a Russian news outlet aligned with the Kremlin, citing information from businessmen active in the […]
Unicommerce, a SaaS platform preparing for an IPO, is expanding its global presence by acquiring additional clients, a senior official stated on Tuesday. With an existing clientele of 46 companies across Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia, Unicommerce aims to further enhance its operations in these markets by onboarding new clients. Among […]
In Riyadh, the UAE government’s proactive approach has led to a remarkable 216 percent surge in the utilization of digital signatures in 2023, as per the state-run news agency’s report on Monday. Illustrating the rapid expansion of the digital economy in the Gulf Cooperation Council nation, the report highlighted the increasing adoption of blockchain technology, […]
In Dubai, food prices in the UAE have remained relatively stable despite the ongoing uncertainties surrounding the Red Sea situation. Local traders and retailers indicate that consumer prices across various food categories are expected to remain unchanged leading up to Ramadan. To secure stable prices, local traders have expedited their orders and confirmed shipment deliveries, […]
In the realm of environmental sustainability and innovative solutions, Alaa Afifi stands as a trailblazer, redefining the relationship between individuals and their waste through his role as the Founder and CEO of Bekia. His journey is not just a narrative of entrepreneurial success; it’s a testament to the transformative power of turning inorganic waste into […]
In the ever-evolving landscape of agricultural innovation, Omar Emara emerges as a driving force, spearheading transformative change through his role as Cofounder and COO of FreshSource. With a mission to tackle food loss, empower farmers, and revolutionize the fresh produce supply chain, Emara’s journey is a narrative of innovation, impact, and a commitment to reshaping […]
In a significant development, India and the United Arab Emirates (UAE) have signed a groundbreaking agreement to establish a historic trans-continental trade corridor, intending to link Europe to India via the Middle East through sea and rail routes. Prime Minister Narendra Modi announced the pact during his visit to the Gulf state, with support from […]