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Last Updated: Sat, Apr 29 2017 | 2:50 PM |

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6

Expats to be banned from working in Saudi shopping malls

Foreigners will no longer be allowed to work in Saudi Arabia's numerous shopping malls, the labour ministry announced Thursday, in the latest measure to boost employment of Saudis.The kingdom has intensified...

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Posted by: Nick James Apr 25, 2017 8:49 AM [Bahrain]

In 2010/11, I worked for a company in Riyadh that employed 900 women working in assembly. The turnover of women employees was 47%. Main reason for turnover was their families not being happy with the women working.

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3

Dubai property market's 'false start', recovery still unlikely soon

Dubai's real estate market is undergoing a "false start" where despite sales volumes increasing, a recovery is still unlikely in the short-term, according to a new reort.Phidar Advisory released its Dubai...

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Posted by: Zuhair Apr 25, 2017 8:47 AM [Canada]

They why build more? new projects (mid Luxury to high Luxury segment) being announced almost every week (free hold sector). Is that not detrimental to the health of the real estate market?

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1

Arabian Travel Market: Diversification drives tourism investment

The centre of the Gulf’s tourism industry is shifting. Geographically, attention is moving from Dubai to Saudi Arabia, where hoteliers are lining up to sign deals and entertainment producers are finally...

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Posted by: Ben Watters Apr 25, 2017 8:50 AM [UAE]

I think a critical tourist market for GCC travellers will be Eastern EU, Mediterranean countries and London will continue to be a major draw this summer. Most overseas travellers will avoid the US, unless necessary. As reported in Singapore yesterday, even Singaporeans are shying away from the US market and shifting more towards Asian destinations for their leisure travel. It is not so much due to the Muslim country ban, but the excessive violence levels which make America seem very unstable from overseas. Dubai will always get strong support in its travel market from neighbouring GCC countries which held it up in 2008 and with changes on Chinese and Russian visas, this is beneficial for Dubai. Tourists want safe destinations with 5 star accommodations which highlight 5 star family activities on the most part. Oman's move to bring Palm Mall there is brilliant. Malls should offer free entertainment with 5 star family activities and that's where Kuwait fails in their tourist market.

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1

Etihad stays firm on US routes despite Trump’s laptop ban

Etihad Airways has said it is not planning to cut services on its US routes, citing strong demand despite US restrictions on travel and on-board electronics affecting Middle East carriers such as Emirates...

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Posted by: sarah Apr 24, 2017 8:58 AM [UAE]

I suspect the real reason for this is that Abu Dhabi airport through Etihad Airways has US pre-clearance which keeps their planes full with mainly South Asians. If Dubai did have US pre-clearance, their planes would be full also. I do think that tourists will stay clear of the US, because of leftist violence levels and a proposal by the Trump administration to require visas on EU travellers to the US with the termination of visa-free privileges. Emirates quick adjustment of its flight patterns towards Asian routes was a smart move. I predict GCC travellers will not fly this summer to the States and will choose other destinations. Eastern Europe might be a hotspot this summer. London, of course and possibly Mediterranean countries where they can enjoy milder weather conditions.

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9

Tax on sugary drinks is 'discriminatory', says PepsiCo CEO

Imposing tax on sugary drinks is not the best method of taxation, according to PepsiCo CEO Indra Nooyi.The UAE is likely to introduce excise tax from this year with rates ranging from 50 percent and 100...

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Posted by: Vivek Apr 20, 2017 12:47 PM [India]

I don't think it's the carbonated drinks that are the problem. It's the sugar content in the drink that's an issue

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1

United's public relations blunder shines a light on GCC airlines

When the news broke that Donald Trump’s administration was about to impose a ban on electronics being carried on board flights to the US, we knew it was going to be a story of some significance.As more...

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Posted by: Christine Apr 20, 2017 12:47 PM [UAE]

US Airlines have been "offering" the most substandard services for long time (indigestible food, harsh flight attendants, old planes, outdated or no inflight entertainment, rough baggage handling, and more) now they are adding another "service": Beat your customer out of a plane at will and at random (although it was United's mistake for mismanaging the seat capacity) and treat all customers like cattle. What a catastrophic PR. Unfortunately people have short memories and keep using these airlines instead of boycotting them and forcing them out of business. Such airlines should not be flying any skies anywhere in the world!

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2

Dubai TV station said to be closing down

Dubai-based TV station City7 is reportedly closing because of the slowdown in the market.Staff at the privately owned free-to-air channel told the Associated Press that operations were ceasing soon.City7...

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Posted by: jack sparrow Apr 20, 2017 8:58 AM [UAE]

I agree with your comments. It's not like City7 was something ppl were glued to but this is just unfortunate when it comes to the overall socioeconomic environment.

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7

VAT may impact cash flow of UAE companies: tax consultant

Companies in the UAE are likely to face cash flow issues post-implementation of value-added tax (VAT), according to a tax consultant.The UAE is set to implement 5 percent VAT from January 1, 2018, with...

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Posted by: OmarF Apr 19, 2017 1:25 PM [UAE]

SMEs are suffering at this current economic cycle. and many are confused how the process will work. (ask your mom/pop grocer - cafeteria - laundry-pharmacy-tailor-hair saloon etc... about it. they have no idea)

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2

UAE firms face dilemma: increase prices or absorb VAT

Some companies in the UAE are likely to absorb value added tax (VAT) and hold prices at the pre-tax level, according to a senior tax consultant.The UAE will implement 5 percent VAT from January 1, 2018...

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Posted by: Getacheu Apr 19, 2017 9:09 AM [UAE]

To my practice, VAT is refundable when the goods sold in local market are exported. As UAE is a tourist hub, visitors that shop in UAE markets must be refunded at airport exit. So what is refund procedure and how long it take? Re-export goods will be sold with VAT or no? Thank you

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34

Dubai likely to lose 'shopper's paradise' status: S&P

An appreciating dollar is making it more expensive for tourists looking to shop in the UAE, and Dubai is likely to lose its coveted “shopper’s paradise” label if the currency pressure persists, says an...

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Posted by: smallbusiness Apr 19, 2017 9:08 AM [UAE]

Exactly. Our business is keep on losing money, every month. It's heartbreaking that we might have to lose the business after years building it and countless dirhams investment.

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