Education

UAE homegrown Fitness brand GymNation partners with Heroes of Hope in support of People of Determination across the UAE

GymNation, the UAE’s leading gym operator, today announces the success of its partnership with inclusive sports community NPO, Heroes of Hope. The partnership was set up at the start of November 2020, to reaffirm GymNations focus on supporting UAE communities, by providing People of Determination the opportunity to excel through employment and access to fitness. The partnership comes in response...

AladdinB2B is Revolutionizing the Trade Show and Exhibition Industry After COVID-19

Aladdin is blazing a new path forward in virtual trading and collaboration. And with COVID-19 cutting off opportunities for trade shows and events left-and-right, Aladdin is exactly the solution that the multi-billion-dollar trade show industry needs to survive. It’s a unique platform where well profiled visitors can trade with their matched exhibitors using the power of technology.      ...

The Co-Dalston launches The Virtual Hackney Entrepreneurship Program 2020

Press Release   The Co-Dalston launches The Virtual Hackney Entrepreneurship Program 4-day Hackney Entrepreneurship Virtual Program links budding entrepreneurs and small business owners with global business experts The program aims to empower entrepreneurs to think both locally and globally as they develop and digitize their business ideas  Applications can be submitted to The Co-...

Emirates Driving Institute wins RoSPA Award for fleet safety

Dubai, July 26, 2020: Emirates Driving Institute, based in Dubai, is celebrating its success after landing an internationally-recognized award for demonstrating high health and safety standards. Emirates Driving Institute has received a RoSPA Fleet Safety Trophy for working hard to ensure its staff, customers, suppliers, contractors, and partners get home safely to their families at the end of...

Why shareholder’s agreements are important in UAE

  Shareholders’ Agreements Provisions Shareholders’ agreements usually include some of the following provisions: Directors and management structure within a company setup Buying/ selling provisions A shareholder’s agreement may grant titles and management roles to one or more of the stakeholders in a company being setup in the UAE i.e.  to be a director on a board, or decide the composition...

Setting payment terms for your clients

When setting payment terms for your clients, here are a few things to keep in mind:   Set a reasonable payment schedule In the Middle East, a payment contract needs to comply with the laws of the UAE, or the Dubai International Financial Centre (DIFC), if the parties opt-in to its jurisdiction. Whilst it is reportedly common for clients to push for a payment schedule with a three-to six-month...

How to create a company culture

These are all rather abstract questions, and tough to know the answers to before you actually start work, which can seem like a big risk. How do I know if I’ll succeed in a work environment I know next to nothing about?   If these are questions job seekers are thinking about, that’s a clear sign employers need to be thinking about responses if they want to attract the best applicants and build...

How do I navigate taxes in Dubai?

 As far as Dubai is concerned, the taxes owed by a business depends on the nature of its activities, geographical zone and trading partners. In UAE, it’s also important to know what kinds of tax concessions are currently being offered to foreign investors and startup founders. This can impact what kind of organisational structure and location you choose when you start a business in Dubai.   In...

Benefits of starting your business in Ramadan

However, this should not deter new entrepreneurs from opening a business in Dubai during the Holy Month. When examined closely, we see that the Ramadan routine actually brings with it certain strategic advantages for business owners. Below we examine just some of those benefits.     Ramadan offers opportunities to extend your network   For entrepreneurs who are new to Dubai and looking to...

5 Key tips to starting your company in Dubai

   Below are five things to remember when you are planning on setting up a business in Dubai:   1) Research your niche in the market:  Before starting your business in Dubai, research the market thoroughly. Study your niche and focus your business plan on how your company can tackle a pain point neglected by other businesses. Through your marketing, emphasise to your prospective clients that...

How entrepreneurs overcome challenging times in Dubai

Discovering a niche Take, for instance, the case of Jon Richards, CEO of yallacompare.com, whose personal experience of feeling frustrated by the lack of easily available information about financial services back in 2011 led to his decision to launch a comparison website for the same. As he was driven by a hunch, Richards did not invest all his resources into a single big idea. Instead, he...

How to implement the perfect employee incentive scheme

Business startups in the UAE tend to offer two main kinds of incentives to employees: cash bonuses and stock ownership.    Cash bonuses  Simply put, cash bonuses are pre-set payments that are awarded to employees when their performance empowers the company to fulfil certain objectives. Some companies choose to offer annual bonuses to staff; others stagger payments over a more extended time...

5 Women Entrepreneurs Making Waves in Dubai

Here are five entrepreneurial women that you should definitely know about.   Nadine Mezher – SARWA Cofounder of financial investment and advisory firm, Sarwa, Nadine Mezher wanted to start a business that made financial loans more accessible to new and young startup owners in Dubai. Partnered with a Canadian team, and now the chief managing officer, her company offers minimum-account options,...

Should I hire foreign employees or local nationals in UAE?

Therefore, when starting a new company in Dubai, entrepreneurs have to choose between the time-tested strategy of hiring foreign jobseekers or offer the same opportunities to the local talent, while availing the government concessions that come with hiring them.  For entrepreneurs setting up a business in the UAE, below are some factors to consider when hiring expats over Emiratis:  Additional...

Why entrepreneurs are changing the face of Dubai

Let’s look at how Dubai has evolved with this transition.    A vibrant business sector   Dubai has come a long way since its oil-dependent days prior to the 1970s. Where once more than half of its GDP was derived from the oil industry, this percentage has now declined to less than 1%.    Today, Dubai owes its growing GDP to a number of different industries, including wholesale and retail...

What to include in an employment contract in the UAE

As a new business startup owner in Dubai, you might be putting together a new team from scratch. As this will be the first time you’re working with them, it is a good idea for expectations to be clearly identified in a mutual agreement.     The terms of the job This is where the contract identifies an employee’s departmental position, role, and title in the organization. This section should...