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Last Updated: Thu, Feb 23 2017 | 1:28 PM |

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Entrepreneurs of the Week: Mira El Lozi and Rama Mamlouk, co-founders of Circle Café

Born in Beirut and raised in the UK, Rama Mamlouk spent her teenage years exploring the underground food venues in downtown London. Later on, while studying at the American College of London, she took...

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Posted by: Vasantha Feb 22, 2017 9:31 AM [UAE]

Great!! Keep up the spirit , it is important to be on same wavelength for any ventures!

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Dubai's OSN launches 'affordable' packs as TV competition intensifies

Dubai-based entertainment giant OSN has launched new pricing and new packs as it attempts to retain customers in an increasingly competitive market.The pay TV firm said the move was part of a new strategy...

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Posted by: Mosa Feb 22, 2017 9:30 AM [UAE]

TV content is becoming pathetic in this region, the kind of movies shown are so repetitive and boring that the only entertainment we get while watching TV is browsing channels for half an hour.
Plus the censoring ruins what we watch..

I have a package from one of the providers, my subscription list has 12 pages of channels, out of which the ones I shortlisted are only 3 pages, out of which the ones worth watching are only 5-6 channels.

Its a disaster.

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Dubai tenants warned to study contracts before signing

Dubai Land Department (DLD) has urged tenants to read their rental contracts before signing as contractual terms are upheld by the law.The advice comes after Arabian Business raised the complaints of Dubai...

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Posted by: Jose De Souza Feb 21, 2017 9:17 AM [United Arab Emirates]

Oh I spotted the clause alright but the landlord (a major real estate company) refused to budge and insisted on a 30-day notice and two months penalty. Pure exploitation, I said. And they ignored me. Another great example of how ambiguous laws need to be fine-tuned.

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Abu Dhabi awards parking contract for new mega airport terminal

Abu Dhabi Airports has awarded a five-year car parking contract for the under-construction Midfield Terminal Complex (MTC) to Zone Parking Solutions.The company will be responsible for the design, supply...

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Posted by: Chris Feb 21, 2017 9:20 AM [UK]

With a good operator and a strong system for car parks , MTC at Abu Dhabi Airports will lead the way in the GCC

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Google urges UAE to create 'culture of risk'

Google’s head legal counsel has called on the UAE government to create a system in which companies can fail without stigma, to support an entrepreneurial culture.Addressing a majlis at the Crown Prince...

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Posted by: Risk Culture Builder Feb 20, 2017 1:22 PM [United Arab Emirates]

Innovation is needed in Risk Management. In all aspects of business reward is linked directly to the level of risk taken.

This aspect is misunderstood in most businesses, firstly they try to take more risk without getting better at risk management and that leads to failure, you can only take more risk once to are good at risk management.

Secondly they try to get everything green, they focus totally on mitigating or reducing risk, the end result is that they thus will get less reward and if the process of reducing risk-taking continues, they will go out-of-business.

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Emirates NBD launches Liv., the UAE's first digital bank

Emirates NBD, Dubai's largest bank, on Thursday announced the launch of Liv., the UAE’s first digital bank targeted at millennials.It said in a statement that Liv. is aimed at providing a digital experience...

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Posted by: FinTech Geek Feb 19, 2017 9:24 AM [UAE]

CBD announced its plan to launch by the 1st half of 2017. Seems like ENBD without talking much just launched it :)
Not sure about clearly

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17

Countdown to VAT: are Gulf businesses ready?

A brief analysis of history suggests that the people, systems and organisations most responsive to change tend to be the most successful, which is directly relevant to the various structural reforms currently...

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Posted by: SAM Feb 19, 2017 9:25 AM [UAE]

You are right John, nothing is for free, but certain government expenditure that makes the quality of life what it is in UAE include security (all branches), which is a major expense that is increasing, while oil revenue is decreasing. The bottom line is that the government needs more funding; taxation is the quickest (though not most effective) way to fill any gaps in spending. I am not privy to the government's budget, but I am sure they are running a deficit and taxation is one tool to cover some of that deficit. I imagine there may be better ways to manage the deficit, but I guess this issue is worldwide.

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1

Vida hotel to replace Dubai Marina Yacht Club

The iconic Dubai Marina Yacht Club is to become into a new Vida hotel under plans from its owner, Emaar Hospitality Group.Vida Hotels and Resorts is Emaar’s new hotel brand, launched in 2015. The Manzil...

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Posted by: JGG Feb 19, 2017 9:26 AM [UAE]

As a Master Developer for Dubai Marina, Emaar should consider during the planning phase as to how this development impacts the other long time residents. In the initial Dubai Marina master plan this plot was designated as a green area. I am a resident of Dubai Marina since 2005 & my full Marina view terrace apartment got converted to part Marina view when the Yacht club got developed & now Emaar has not bothered to reply my email where I have voiced my concern.

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Planning ahead: Sobha Group founder PNC Menon

PNC Menon is a busy man — it takes several months to lock an interview into his diary. But on the day of our meeting in Dubai, the Indian-born real estate developer exudes characteristic warmth and courtesy...

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Posted by: Rahul Shankar Feb 16, 2017 1:22 PM [United Arab Emirates]

He is an honest guy stating that India is full of corruption. This corruption is echoed by Transparency International Corruption Perceptions index also. Wish him success

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Companies in UAE can register for VAT from October, says finance ministry

Business in the UAE will be able to register online for value-added tax (VAT) from October, according to the UAE Ministry of Finance.On Sunday, Younis Al Khouri, under-secretary, Ministry of Finance, said...

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Posted by: Telcoguy Feb 16, 2017 1:22 PM [Dubai]

If i understand this right VAT will be introduced by all GCC countries.
I may be wrong, as I have not been following this in detail.

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