Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi http://www.almashora.ae Business Setup In Abu dhabi,ADNOC REGISTRATION IN Abu Dhabi,Company Formation In Abu Dhabi,SEO service in abu dhabi,Commercial Agency Abu Dhabi ,Outsourcing HR/PRO Abu Dhabi,Business Advisory Abu Dhabi,Recruitment Services Abu Dhabi,Legal Services Abu Dhabi,Typing Service in Abu Dhabi Tue, 10 Jan 2017 15:07:25 +0000 en-US hourly 1 UAE workers to see slowest rise in salaries http://www.almashora.ae/uae-workers-see-slowest-rise-salaries/ Fri, 09 Dec 2016 15:25:49 +0000 http://www.almashora.ae/?p=1043 UAE workers forecast to see slowest increase in salaries in 2017 Dubai News: Workers in UAE and the rest of the Gulf are headed for a sluggish growth in personal incomes next year, as businesses keep a lid on financial rewards amid low oil prices. In 2017, headline pay increases in the UAE are forecast... View Article

The post UAE workers to see slowest rise in salaries appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

UAE workers forecast to see slowest increase in salaries in 2017

Dubai News: Workers in UAE and the rest of the Gulf are headed for a sluggish growth in personal incomes next year, as businesses keep a lid on financial rewards amid low oil prices.

In 2017, headline pay increases in the UAE are forecast to average 3 per cent. If inflation is taken into account, real wages will rise by 0.5 per cent, the lowest in ten years and down from 0.9 per cent in 2016.

“It is the lowest in the decade on real pay,” said Vijay Gandhi, regional director for productized services at Korn Ferry Hay Group, which released the forecast based on data from over 20 million employees across 25,000 organisations in 110 countries.

Companies in the Gulf have taken a cautious view on pay increases. With oil prices averaging in the range of $40 to $60 a barrel in the last few months, this new reality is shaping the way organisations focus on costs – including reward.”

Companies in oil-dependent economies have been feeling the pinch of low oil prices, prompting business owners to cut costs and staff numbers this year. Over  the short term, UAE bosses are expecting organisations to undergo a significant “transformation” as employers attempt to further soften the blow from oil price volatility.

Real pay increases across the Gulf region will average 1.3 per cent, also the lowest in 10 years and lower than any other region in the world, except Latin America (1.1 per cent) and Africa (0.7 per cent).

Real earnings in Bahrain, Kuwait and Oman are expected to rise by 1.8 per cent, 0.8 per cent and 1.8 per cent, respectively.

In Qatar, real wages will grow by 2.1 per cent, while in Saudi Arabia, workers can expect salaries to grow by 0.8 per cent in real terms. All the average pay increases forecast for all GCC countries are lower than in 2016.

“Companies are focusing on cost optimisation, doing more with less and prefer paying out incentives based on performance than increasing fixed costs, unless it is for a promotional hike,” added Gandhi. “Promotional increases are between 6 per cent and 10 per cent, depending on the role and responsibilities.”

A report by accountancy firm KPMG said that more than 70 per cent of chief executive officers in the UAE expect that the next three years will be “transformational” for many organisations in the country.

Workers around the world are likewise expected to see lower real salary increases compared to last year, averaging at 2.3 per cent, as companies keep a check on pay budgets due to slower economic growth in mature markets.

The highest jump in real wages will be enjoyed by workers in Asia, where salaries are forecast to increase by 6.1 per cent, down 0.3 per cent from last year and 0.7 per cent from the preceding year. In real terms, Asian salaries will rise by 4.3 per cent, the highest globally.

Within Asia, workers in Vietnam will get the biggest leap in real wages, at 7.2 per cent, followed by Thailand (5.6 per cent), Indonesia (4.9 per cent) and India (4.8 per cent).

The post UAE workers to see slowest rise in salaries appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
UAE BUSINESS NEWS:Why online banking is a smart choice for small businesses http://www.almashora.ae/uae-business-newswhy-online-banking-smart-choice-small-businesses/ Thu, 08 Dec 2016 15:43:55 +0000 http://www.almashora.ae/?p=1040 Why online banking is a smart choice for small businesses UAE Banking News,UAE Small business News,UAE Banking News The modern day businessman has a significant amount of burdens that need to be sorted on a daily basis. From handling inventory and managing deliveries, to assuring client satisfaction, winning employee trust and more, owning a business... View Article

The post UAE BUSINESS NEWS:Why online banking is a smart choice for small businesses appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

Why online banking is a smart choice for small businesses

UAE Banking News,UAE Small business News,UAE Banking News

The modern day businessman has a significant amount of burdens that need to be sorted on a daily basis.

From handling inventory and managing deliveries, to assuring client satisfaction, winning employee trust and more, owning a business is a full-time job that has no breaks.

Given such pressing matters at all times, any sort of problem with financial management can disrupt everything.

This is because for wholesalers and business owners, money matters are an entirely separate burden.

If you own a business, you will be able to understand that it is nearly impossible to calculate monthly salaries, expenses, profits, as well as losses, while managing everything else on your own.

Of course, many experienced businessmen do all of that single-handedly, but there’s always room for error ─ and any blunders in money matters can be detrimental to the lifespan of your business.


Making the switch to online banking can take all the stress off your shoulders


In such cases, making the switch to online banking for businessmen can definitely take all the stress off your shoulders.

Not only is online banking incredibly useful for businessmen, it also provides financial security.

Here are some of the advantages of online banking for wholesalers and small business owners:

Instant online banking registration

In today’s online banking landscape, customer protection, enhanced control and convenience are a few listed advantages.

Nowadays, with the internet and online banking you can access your bank 24/7.


The online banking procedure can be completed without stepping out of your home


The online procedure can be completed without even stepping out from the comfort of your home, so you don’t have to worry about leaving important business matters behind.

Automatic bill payments

Business owners obviously have all sorts of bills to pay every month, including rent, utilities, loans, insurance premiums and whatnot.

Now imagine if you could pay each of these with just a click of a button.

This is all possible with online banking.

Convenience and accessibility

Online banking is designed to cater to all the needs of business owners by providing convenience and easy account access through a variety of channels.

If you choose a reliable local bank, you can get free access to your account through online banking at over hundreds of branches in nearly every city nationwide.

All kinds of free benefits

A few banks also provide free benefits such as e-statements delivered via email that show your transactions.

For security purposes, you also get real-time SMS alerts to keep track of your transactions.


If your bank provides free apps, you can access your account and control your finances wherever you are


Furthermore, if your bank provides a free app like Mobit, you can access your account and control your finances wherever you are.

Streamlined employee banking

Online banking for individuals is offered by many banks but for businesses it’s a rare commodity.

For that, PayCheq Plus is a new way to manage payroll and offer banking products for all employees.


Use PayCheq Plus to manage employee payrolls


The facility is exclusively available to Faysal Bank Business First customers.

It allows on-site account opening along with efficient salary processing.

And the best thing is that you can pay salaries to your employees with just one click.

All in all, making the switch to online banking seems to be the smart thing to do for business owners.

The sooner you make this decision, the better it is for your business.

The post UAE BUSINESS NEWS:Why online banking is a smart choice for small businesses appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
Abu Dhabi’s Villa sales in West Yas now open to expats http://www.almashora.ae/abu-dhabis-villa-sales-west-yas-now-open-expats/ Wed, 07 Dec 2016 16:08:17 +0000 http://www.almashora.ae/?p=1038 Villa sales in Abu Dhabi’s West Yas now open to expats   Dubai: A UAE developer is now allowing expatriates to own off-plan villas at its residential development in Abu Dhabi. Aldar Properties’ West Yas, a master-planned community on Yas Island that offers 1,000 four and five-bedroom villas, was earlier sold exclusively to UAE nationals.... View Article

The post Abu Dhabi’s Villa sales in West Yas now open to expats appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

Villa sales in Abu Dhabi’s West Yas now open to expats

 

Dubai: A UAE developer is now allowing expatriates to own off-plan villas at its residential development in Abu Dhabi.

Aldar Properties’ West Yas, a master-planned community on Yas Island that offers 1,000 four and five-bedroom villas, was earlier sold exclusively to UAE nationals.

Residential units currently sell for Dh4.3 million and range from 600 to 800 square metres in size.  The development promises “waterfront views overlooking the natural mangroves” around the island, which is also home to Yas Mall, Ferrari World, du Arena, Yas Waterworld and numerous hotels.

Mohamed Khalifa Al Mubarak, chief executive officer of Aldar, said that “significant” demand from other buyers have prompted them to open up the sales to all nationalities.

“We have witnessed significant demand for the enriched community living experience that West Yas offers in Abu Dhabi‘s most exciting destination – Yas Island. As such, we are delighted to open up West Yas to purchasers of all nationalities,” Al Mubarak said in a statement.

Interested buyers can purchase a home through a payment plan of 25 per cent during construction, and 75 per cent upon handover, with a minimum down payment of 5 per cent of the purchase price.

“West Yas is a key component of Aldar’s commitment to provide high quality, comfortable, well-situated residences. This forms an important element of our destination development strategy – to create a vibrant mix of communities on Yas Island.”

The community development will also have a mosque built for 2,000 worshippers, two schools, a retail centre, sports facilities, a petrol station, and extensive landscaping and greenery in open public spaces.

The first school, operated by Aldar Academies, has been handed over and operational since 31 August 2016.

The post Abu Dhabi’s Villa sales in West Yas now open to expats appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
UAE pay: How much is your salary worth? http://www.almashora.ae/uae-pay-much-salary-worth/ Tue, 06 Dec 2016 17:01:37 +0000 http://www.almashora.ae/?p=1036 UAE pay: How much is your salary worth? A financial services in Abu dhabi firm finds out the real value of salaries in Dubai based on prevailing costs of goods, services Dubai: Many UAE residents identify the size of their paycheque as a very important consideration for staying with a company.  The more satisfied they... View Article

The post UAE pay: How much is your salary worth? appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

UAE pay: How much is your salary worth?

A financial services in Abu dhabi firm finds out the real value of salaries in Dubai based on prevailing costs of goods, services

Dubai: Many UAE residents identify the size of their paycheque as a very important consideration for staying with a company.  The more satisfied they are with their salary, the more loyal they become. As one recent survey shows, about three in ten respondents in the country believe that their loyalty is “directly linked” to how much their organisation is paying them.

But how can you tell that your monthly income is really worth given the prevailing costs of goods and services? Is your income enough to cover the cost of living? Or are you often spending more on the same basket of goods than you would elsewhere?

An analysis by UBS, which takes a look at living costs and workers’ purchasing power in 71 cities worldwide, shows that residents in Dubai need to fork out more than twice their salaries in order to buy the same items that their peers in other labour markets would consume in a month.

The domestic purchasing power in Dubai, calculated using gross earnings, is ranked 34th worldwide, lower than in other cities in the United Kingdom, Europe and United States.  Overall, the salaries of residents in Luxembourg go farthest, where the net hourly wage buys the most goods and services.

The wage purchasing power was calculated using average hourly pay and standardised basket of goods that a three-person family in Europe would consume in a month. Professionals in major cities in Switzerland and US can afford 20 and 18 baskets per year, respectively, while those of Western European cities such as London, Lyon and Oslo can buy a basket every month.

In terms of gross salaries, professionals in Zurich are the highest paid in the world, followed by Geneva and Luxembourg. Gross earnings in Dubai are ranked 36th worldwide, behind other major cities, such as London, Seoul, New York, Chicago, Paris and Los Angeles.

Another way to look at the real wage value is by calculating how much time an average worker in each city must work to bring home, say, a McDonald’s Big Mac or an Apple iPhone, both staple consumer items.

Workers in Hong Kong only need to work on average nine minutes to buy a Big Mac, while workers in Dubai need to put in 17 minutes. In Nairobi, workers have to work almost three hours just to afford a burger.

The one big advantage about working in Dubai, though is that, without income tax and other state-mandated deductions, the average take-home pay turns out bigger when compared to the net salaries of workers in other countries.

Here’s a quick look at the actual purchasing power of wages across more than 30 cities surveyed in 2015. The next updated data will be released two or three years from now.


Top 10 cities with highest domestic purchasing power (based on net hourly pay)

1.      Luxembourg: 134.3

2.      Zurich: 130.5

3.      Geneva: 127.5

4.      Miami: 122.1

5.      Los Angeles: 116.0

6.      Nicosia:  106.7

7.      Vienna: 106.5

8.      Sydney: 104.2

9.      Munich: 104.2

10.   Montreal: 102.6

 


How the rest of the cities fare:

11. Frankfurt: 102.0

12. Berlin: 101.9

13.Chicago: 101.1

14.New York City: 100.0

15.Lyon: 96.9

16.Paris: 92.4

17.Dublin: 91.4

18. Brussels: 90.9

19. Toronto: 89.1

20.Oslo: 86.6

21.London: 85.3

22.Helsinki: 84.5

23.Stockholm: 82.9

24.Auckland: 82.9

25.Amsterdam: 81.7

26. Rome: 80.8

27. Tokyo: 80.0

28.Manama: 68.6

29.Madrid: 84.0

30. Barcelona:  81.8

31. Hong Kong: 67.8

32. Milan: 75.3

33. Johannesburg: 70.5

34. Dubai: 56.8

35. Tel Aviv: 64.6

36. Sao Paulo: 58.4

37. Copenhagen: 104.8

38. Seoul: 57.9

39. Ljubljana: 62.2

40. Doha: 49.7


Working time required to buy a Bic Mac in select cities (in minutes)

Amsterdam: 16

Athens: 26

Auckland: 13

Bangkok: 37

Barcelona: 21

Beijing: 42

Cairo: 62

Chicago: 11

Doha: 18

Dubai: 17

Geneva: 11

Hong Kong: 9

Kuala Lumpur: 23

London: 12

Los Angeles: 11

Luxembourg: 10

Montreal: 13

Vienna: 12

Zurich: 11

Mumbai: 40

New Delhi: 50

The post UAE pay: How much is your salary worth? appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
UAE Legal Consultancy:Cheated by real estate agent? You can approach the Rera http://www.almashora.ae/uae-legal-consultancycheated-real-estate-agent-can-approach-rera/ Mon, 05 Dec 2016 13:30:40 +0000 http://www.almashora.ae/?p=1033 UAE Legal Consultancy:Cheated by real estate agent? You can approach the Rera A real estate broker will be deemed the trustee of any amounts, securities, bonds or any other items delivered to him by any of the parties for safekeeping or for delivery to the other party. I am an expat who wanted to shift... View Article

The post UAE Legal Consultancy:Cheated by real estate agent? You can approach the Rera appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

UAE Legal Consultancy:Cheated by real estate agent? You can approach the Rera

A real estate broker will be deemed the trustee of any amounts, securities, bonds or any other items delivered to him by any of the parties for safekeeping or for delivery to the other party.

I am an expat who wanted to shift from a studio flat to 1BHK. We finalised an apartment through a real estate agent and signed a lease agreement. The day we were supposed to move to the new apartment, we were surprised by the presence of another tenant in the same apartment. I contacted the agent but his phone was switched off and I received a message from the bank that the cheque had been cashed. Unfortunately we don’t have contract copy because that agent had taken it back, saying that he will return the same copy after owner’s signature. We immediately approached nearest police station. They replied we have to approach Dubai court (public prosecution) first. We did the same and opened the file.

For three months, we have been trying to register our case, but the CID officer asked us to wait. Every time I go for a follow-up, he tells me to ‘come back next week’, ‘agent is not responding’, ‘he is out of country’, ‘wait more’ and so on… When I requested for cancellation of my other cheques, he asked me to wait and keep a low balance in account as the cheque will bounce and they will find out the person if any complaint comes.

The agent is from Pakistan and he left the country already. I am stuck now because the officials are not giving a clear picture. Kindly advice.

Pursuant to your queries it is assumed that the said apartment in question is in Dubai. It is the responsibility of the tenant to verify if the new premises are vacant before payment of any deposit money or handing over the rental cheques to the landlord or the real estate agent. It appears you did not view the apartment. You should have done some due diligence such as viewing the apartment and meeting the landlord before issuing the cheques. Further, you should have asked the agent to provide you with a copy of the authority issued by the landlord in favour of the real estate agent to rent the premises and collection of cheques. The functioning of the real estate agents falls under the jurisdiction of the Real Estate Regulations Agency (Rera). For any of the inconvenience caused to the tenant or the landlord by the real estate agent, the aggrieved party has the right to approach the Rera and file a complaint against the agent. In your case, the real estate agent has misled and cheated you.

Article 21 of Bylaw No. 85 of 2006 regulating the Real Estate Brokers Register in the Emirate of Dubai (the ‘Real Estate Agent Law”) states: “A real estate broker will be deemed the trustee of any amounts, securities, bonds or any other items delivered to him by any of the parties for safekeeping or for delivery to the other party. The real estate broker must deliver such items as agreed and will be bound by the relevant trusteeship rules.

The law further states: “A real estate broker will be held liable for any loss or damage suffered by the contracting parties as a result of his fraudulent act or deceit or as a result of failure to observe any relevant rules stipulated in this Bylaw or the code of professional ethics.” Based on the aforementioned provisions of the law, your real estate is in breach of trust and the code of professional ethics laid down for a real estate broker operating in the emirate of Dubai by the Rera.

Further, the CID and the police department had advised you to be patient for some time as they need to investigate the matter thoroughly before reaching to a final conclusion and to verify if any other individual or individuals are involved in this matter. They may also need some time to check if the second cheque issued by you is encashed as this will help their investigation process. We recommend you to keep your bank intimated on this matter so that they will contact you if the second cheque is presented to your bank for encashment.

KNOW THE UAE Legal  LAW

A real estate broker will be held liable for any loss or damage suffered by the contracting parties as a result of his fraudulent act or deceit or as a result of failure to observe any relevant rules.

Removal of life ban

I had been living in Abu Dhabi for the past 21 years with my family, including two children studying there. I joined a company in 2014 and my employment visa expired on May 2016. The company was not willing to renew my visa. So I cancelled my family visa and the company cancelled my visa on June 4.  Meanwhile, I got a job in Abu Dhabi and was waiting for labour approval from the ministry. But on July 10, my previous company went to the immigration department and filed an absconding case against me and submitted my passport to the government.  I was arrested and jailed for 15 days.  After completing police procedures like eyescan, I was sent back to India. All of a sudden, my family members were left without any help and had to leave the UAE on their own. I got an employment visa from another company in Abu Dhabi, but I cannot enter the UAE since there is a life ban on my passport. My former company cheated me by misusing the law. Please give me your valuable suggestion to get the life ban removed and again enter the UAE.

Pursuant to your queries, it should be noted that you overstayed in the country upon cancellation of your residence visa. The grace period to stay in the UAE from the date of cancellation of residence visa is 30 days. Since you exceeded the grace period, your employer filed an absconding case against you as they perhaps could not contact you to ensure that you left the UAE in time. Based on this, the authorities may have arrested you and later deported upon completion of procedures.

Article 29 of Federal Law No. 6 for 1973 concerning Immigration and Residence, reads: “The Department of Nationality and Immigration shall issue an order for deportation of an alien if he has no residence licence or if his residence licence has been expired. Such an alien may return to the country if he fulfills the conditions for entry in accordance with the provisions of law. “Based on the above provision, you were deported. However, you can appeal your deportation based on the second part of the above Article of law. It is advised you obtain further advise from a lawyer based in the UAE.

KNOW THE UAE Legal LAW

The Department of Nationality and Immigration shall issue an order for deportation of an expat if he has no residence permit or if his residence permit has been expired. However, he may return to the country if he fulfills the conditions for entry in accordance with the provisions of law.

 

The post UAE Legal Consultancy:Cheated by real estate agent? You can approach the Rera appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
5 Dubai latest jobs for young professionals http://www.almashora.ae/5-dubai-latest-jobs-for-young-professionals/ Sun, 04 Dec 2016 06:35:32 +0000 http://www.almashora.ae/?p=1031 5 Dubai latest jobs for young professionals Time and again, many stories around the Internet have talked about this generation of 20-year olds, they’ve been called many things – millennials, gen-y, Generation Me and they all discuss how this age group carry with them an eagerness to ‘change the world’. The 20-something generation is known... View Article

The post 5 Dubai latest jobs for young professionals appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

5 Dubai latest jobs for young professionals

Time and again, many stories around the Internet have talked about this generation of 20-year olds, they’ve been called many things – millennials, gen-y, Generation Me and they all discuss how this age group carry with them an eagerness to ‘change the world’. The 20-something generation is known and oft romanticized in film as those that are extremely eager but never give their big break by companies.

But what if we tell you Dubai is the perfect place for young professionals to find a job they love? Don’t believe us? Here are 5 jobs designed for young professionals.

There are other jobs on KT Buzzon made for budding 20-somethings so get on out there!

Maitre d’ Hotel

Industry: Hotels/Restaurant

Career: Entry Level

Job Location: Dubai

Salary: AED 5001-7000

Experience: 2 – 5 Years

Job Type: Full Time

Gender: Female

Email: arwafastline@gmail.com

Street: Dubai

City: Dubai

Click here to apply

Journalist

Industry: Media

Career: Entry Level

Job Location: Dubai

Salary: Unspecified

Experience: Less than 1 Year

Job Type: Part Time

Gender: Any

Email: ahmed@almezmaah.ae

Street: Latifa Towers – B’ 19th Floor – 1906

City: Dubai

Click here to apply

Social Media

Industry: Construction

Career: Entry Level

Job Location: Dubai

Salary: Unspecified

Experience: 1 – 2 Years

Job Type: Full Time

Gender: Female

Email: altaiefhr@gmail.com

Street: Al Nahda 1

City: Dubai

Click here to apply

Junior Graphic Designer

Industry: Consumer Goods

Career: Entry Level

Job Location: Dubai

Salary: AED3001-5000

Experience: 2 – 5 Years

Job Type: Full Time

Gender: Any

Email: francisrcs.souqfc@gmail.com

Street: Street 26

City: Dubai

Click here to apply

Secretary/Admin Assistant

Industry: Consultancy

Career: Entry Level

Job Location: Dubai

Salary: AED 1001-2000

Experience: Less than 1 Year

Job Type: Full Time

Gender: Female

Contact No.: 0544209279

Email: ranadani444@gmail.com

Street: Shaikh Zayed Road

City: Dubai

The post 5 Dubai latest jobs for young professionals appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
UAE NEWS:Work timings for long weekend in UAE http://www.almashora.ae/uae-newswork-timings-long-weekend-uae/ Fri, 02 Dec 2016 15:57:48 +0000 http://www.almashora.ae/?p=1028 Work timings for long weekend in UAE Dubai: Government departments have announced their timings for the long weekend, from Thursday to Saturday, which comes in celebration of the 45th National Day. This year, National Day falls on a Friday, which is a regular weekend off day, together with Saturday. To facilitate the celebrations, Thursday has... View Article

The post UAE NEWS:Work timings for long weekend in UAE appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

Work timings for long weekend in UAE

Dubai: Government departments have announced their timings for the long weekend, from Thursday to Saturday, which comes in celebration of the 45th National Day.

This year, National Day falls on a Friday, which is a regular weekend off day, together with Saturday. To facilitate the celebrations, Thursday has also been declared a public holiday for this edition of the occasion.

However, some departments are keeping staggered working hours over the long weekend. Meanwhile, public parking will be free from Thursday to Saturday in Dubai.

On Thursday, the General Directorate of Residency and Foreigners Affairs in Dubai will be open from 9am to 1pm. Its branches in Al Twar, Al Manara, and Terminal 3 of Dubai International Airport are open 24 hours.

Meanwhile, Dubai Metro’s Red Line stations will operate on Thursday from 5.30am to 1am and on Friday from 10am to 1am (of the following day).

The Green Line Metro stations will operate on Thursday from 5.50am to 1am and on Friday from 10am to 1am.

Dubai Tram will operate on Thursday from 6.30am to 1am and on Friday from 9am to 1am (of the following day).

Public bus stations, including main stations such as the Gold Souq, will open from 4.25am to midnight.

All emergency departments at government hospitals will work as usual over the break. In Dubai, the Primary Health Care Centres (PHCs) will remain closed from Thursday to Saturday, except for Al Barsha and Nad Al Hamar health centres, which will remain open round the clock.

Timings

Parking

Abu Dhabi

Free parking hours will start from midnight on Thursday, December 1, until 8am on Sunday, December 4. The public should adhere to the regulations regarding the resident permit parking bays from 9pm to 8am.

Dubai

All paid parking zones in Dubai, except for Fish Market and multi level parking lots, will be free of charge from Thursday and the fees system will be reinstated on Sunday.

Sharjah

Sharjah Municipality announced that use of paid parking zones across the city will be free from December 1 to 3. Paid parking resumes on December 4.

Transport

Dubai Metro

The Red Line Metro stations will operate on Thursday from 5.30am to 1am and on Friday from 10am to 1am (of the following day).

The Green Line Metro stations will operate on Thursday from 5.50am to 1am and on Friday from 10am to 1am.

Dubai Tram

The tram will operate on Thursday from 6.30am to 1am and on Friday from 9am to 1am (of the following day).

Dubai public buses

Public bus stations, including main stations such as the Gold Souq, will open from 4.25am to midnight. Al Ghubaiba Station will open from 4.30am to midnight.

Subsidiary stations, such as Satwa station, will operate from 4.57am to midnight except for Route C01, which will be operating round the clock. Al Qusais station will open from 4.40am to 11.30pm, Al Quoz Industrial Area station from 5.30am to 11.30pm, and Jebel Ali station from 5am to 11.30pm.

Metro feeder bus service at Rashidiya, Mall of the Emirates, Ibn Battuta, Burj Khalifa, Etisalat and Abu Hail stations will operate from 5am to 12.20am.

Hospitals and clinics (Dubai Health Authority)

Latifa Hospital

The emergency department will remain open as usual 24 hours a day, while the paediatric walk-in clinics will operate as usual during weekends and public holidays.

Hatta Hospital

The emergency department will remain open as usual 24 hours a day, while the family medicine clinic will operate from 7am to 9pm.

Dubai Hospital

The clinics will remain closed during the public holiday in Dubai Hospital, while the accident and emergency section will function as usual.

Rashid Hospital

All specialist clinics will be remain closed during the public holiday, but the emergency department and walk-in clinic will function normally as per the duty rota.

Primary Health Care Centres

All PHCs will remain closed from December 1 and resume work on December 4, except for Al Barsha and Nad Al Hamar health centres, which will remain open 24 hours.

Immigration (Dubai)

Three branches of the General Directorate of Residency and Foreigners Affairs will be open on Thursday. Branches in Al Twar and Al Manara will be open from 9am to 1pm, while the external centre at Dubai International Airport at Terminal 3 is open 24 hours on all days.

The post UAE NEWS:Work timings for long weekend in UAE appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
UAE petrol prices fall in December http://www.almashora.ae/uae-petrol-prices-fall-december/ Thu, 01 Dec 2016 14:49:38 +0000 http://www.almashora.ae/?p=1026 The UAE government revises fuel prices at the end of every month, in line with international prices. Motorists in the UAE will be paying less to fill up their car tanks in the coming month, as fuel prices are set to fall in December. The Ministry of Energy on Wednesday announced the new oil prices,... View Article

The post UAE petrol prices fall in December appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

The UAE government revises fuel prices at the end of every month, in line with international prices.

Motorists in the UAE will be paying less to fill up their car tanks in the coming month, as fuel prices are set to fall in December.

The Ministry of Energy on Wednesday announced the new oil prices, with Super 98 costing Dh1.80 a litre in December, down by 5.3 per cent from November. Special 95 will cost Dh1.69 in December, down 5.6 per cent; while E Plus will be priced at Dh1.62, down 5.8 per cent from November. In addition, diesel will now cost Dh1.81, down 5.2 per cent from last month.

For November, Super 98 was priced at Dh1.90 a litre, Special 95 at Dh1.79 and E Plus was Dh1.72. Diesel in the month was priced at Dh1.91. The new fuel prices are announced as Opec member countries discuss on output cuts in an important meeting in Vienna on Wednesday to prop up oil prices. Currently, global oil prices are trading higher in the anticipation of a deal.

Brent crude was trading on Wednesday at $46.84 a barrel. That brought the commodity’s month-to-date loss to three per cent, and its year-to-date gain to 25.7 per cent.

The post UAE petrol prices fall in December appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
Financial services firms prepare for CRS implementation http://www.almashora.ae/financial-services-firms-prepare-crs-implementation/ Tue, 29 Nov 2016 15:22:55 +0000 http://www.almashora.ae/?p=1020 UAE Financial services firms prepare for CRS  Abu Dhabi: The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services companies in the country to prepare for the Common Reporting Standard (CRS), which will come into effect starting 2018. The CRS is a system developed by... View Article

The post Financial services firms prepare for CRS implementation appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

UAE Financial services firms prepare for CRS 

Abu Dhabi: The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services companies in the country to prepare for the Common Reporting Standard (CRS), which will come into effect starting 2018.

The CRS is a system developed by the Organisation for Economic Cooperation and Development (OECD) to increase the efficiency of exchange of tax information between governments.

The system was created for exchange of information specifically to avoid double taxation.

As per the implementation programme of CRS in the UAE, banks, investment companies, insurance companies and other financial services providers will start due diligence from next year to ensure their customers aren’t being taxed twice if they are residents of more than one country.

“The Central Bank, the Insurance Authority, Securities and Commodities Authority, Abu Dhabi Global Market, and DIFC (Dubai International Financial Centre) will all be issuing regulations and guidelines for banks and financial institutions to prepare for all account holders — be it companies or individuals — on how to check and report these accounts to the regulators in order to exchange information with the Ministry of Finance.

“The ministry, under the multilateral agreement, will then have exchange that information with other countries that we have arrangements with,” said Khalid Al Bustani, assistant undersecretary at the UAE’s Ministry of Finance.

He was speaking at a workshop in Abu Dhabi on Tuesday held for financial services companies to acquaint them with the regulations under the CRS.

Over 100 other countries have signed an agreement to take part in the CRS.

 

The post Financial services firms prepare for CRS implementation appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>
More UAE firms offer better gratuity pay http://www.almashora.ae/uae-firms-offer-better-gratuity-pay/ Mon, 28 Nov 2016 15:30:58 +0000 http://www.almashora.ae/?p=1017 UAE Business News:More UAE firms offer better gratuity pay Dubai: Losing employees, or a high turnover rate, is bad for business. It just doesn’t have financial repercussions, it can impact employee morale. This is why organisations in the UAE are rethinking on the provision of end-of-service benefits (EOSB). A growing number of organisations – mostly... View Article

The post More UAE firms offer better gratuity pay appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>

UAE Business News:More UAE firms offer better gratuity pay

Dubai: Losing employees, or a high turnover rate, is bad for business. It just doesn’t have financial repercussions, it can impact employee morale. This is why organisations in the UAE are rethinking on the provision of end-of-service benefits (EOSB).
A growing number of organisations – mostly multinational or global – are beginning to realise that if they don’t offer better gratuity benefits, they are simply going to lose their top talent to their more generous counterparts.
The UAE has no mandatory pension system in place for foreigners, so the majority of expatriates who choose to go back to their home country and retire will likely have to rely solely on their gratuity to get by as they grow older.
Gratuity serves as a separation pay for employees at the end of their contract, but it is often deemed inadequate for retirement. The amount received depends on the staff’s latest basic salary and the length of service. Allowances and other compensation outside the basic salary are usually not included in the calculation
Michael Brough, director and international benefits specialist at Willis Towers Watson, said the good news is that more companies in the UAE and the rest of the Middle East are enhancing their EOSB offering.

Their latest survey showed that almost half of organisations in the UAE (45 per cent) continue to offer enhancements to their staff gratuity packages. Among those who are taking positive steps towards better rewards, nearly six out of ten (56 per cent) are offering savings plans that can ultimately lead to a higher lump sum at the end of the employee’s term.
“The number of companies providing an enhanced benefit has increased from the 2015 survey. The reasons for offering [better gratuity package are] to retain key talent within the organisation [and] to comply with local or industry best practice,” said Brough.
Other employers opt to make changes to the EOSB formula, to boost the gratuity package, which can either be by increasing the number of days for the first five years, including bonuses or other allowances in the calculation instead of just the basic pay and extending the benefit cap to more than two years’ salary.
Employers who offer defined contribution savings plans open a series of individual employee savings accounts. In most cases these contributions are placed in a trust, which is funded with employer and/or staff contributions. The pooled funds are then invested in growth assets and provide a better lump sum benefit on leaving service, or retirement by the employee.
Brough said they expect more employers to offer savings plans as an enhancement to gratuity benefits, especially since the mandatory EOSB is deemed as an “inadequate retirement” or savings vehicle.
“Employers are recognising that there are more ways to retain key talent than simply increasing [the monthly pay],” said Brough. “Alternatives through enhancing broader benefits policy can achieve this objective and deliver a valuable final reward. Companies can introduce a supplementary savings plan for employees, with service-based vesting periods, to tie the employees in to a period of service, before a full benefit is provided.”
Among the companies in the Middle East that are seeking to provide better benefits, 60 per cent offer enhanced gratuity packages across the board. However, there are a few that are still being selective, with 16 per cent and 17 per cent of companies providing better EOSBs only to non-nationals and top management, respectively.
The Wills Towers Watson’s End of Service Benefits Survey was based on responses from almost 180 organisations from 18 industries in the Middle East. The majority of the respondents were multinationals or global companies with operations in multiple regions around the world.
How companies can enhance their end-of-service benefits:
1) By an adjustment to the defined benefit (DB) EOSB formula, which has various components:
a. Number of days: In the UAE formula, the mandatory days are 21 for the first 5 years and 30 for service beyond 5 years. Enhanced EOSB could provide more days than these minimums, for example, 30 days for the first five years.
b. Salary: in the UAE formula, the salary is regular pay or base pay and certain allowances. Enhanced EOSB could include a wider definition of salary, for example, including bonuses or other elements of compensation in the calculation.
c. Years of service: The EOSB is based only on accrued years of service but enhanced EOSBs can include more years of service.
d. Waiting period: in the UAE, there is a one year waiting period before the gratuity pay is calculated. Employers who want to offer better lump sums can waive this provision.
e. Benefit cap: in the UAE, the EOSB is capped at two years’ salary. Organisations can ignore this ceiling for a higher financial reward at the end of the employee’s service.
2) By an additional defined contribution (DC) savings plan, in addition to the EOSB, or in lieu of the EOSB, as long as it is set up properly and the benefit delivered is greater than what is prescribed by law. The DC plan is a series of individual employee savings accounts (often inside a trust) that might be funded with employer and/or employee contributions, that is invested in growth assets and provides a lump sum benefit on leaving service, or retirement by the employee.

The post More UAE firms offer better gratuity pay appeared first on Business Setup In Abu dhabi|ADNOC REGISTRATION IN Abu Dhabi |Company Formation In Abu Dhabi,Dubai |SEO service in abu dhabi|Commercial Agency Abu Dhabi |Outsourcing HR/PRO Abu Dhabi |Business Advisory Abu Dhabi |Recruitment Services Abu Dhabi |Legal Services Abu Dhabi |Typing Service in Abu Dhabi.

]]>