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Last Updated: Wed, Sep 28 2016 | 7:52 PM |

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3

Bahrain beats the UAE to be named top MidEast expat destination

Bahrain has been named the Middle East's top destination for expatriates, ahead of the UAE, according to HSBC’s Expat Explorer 2016 report.Bahrain was ranked ninth globally behind top performer Singapore...

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Posted by: chris Sep 26, 2016 9:06 AM [Bahrain]

Bahrain is a very easy place to live. It has a much smaller-town vibe (in a good way) that keeps everyone pretty grounded. We have been here for over a decade, and we have many close friends from all walks of life and nationalities. It's also still possible to keep costs low, and make hay.

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12

Entrepreneurs of the Week: Morrad Irsane and Sherene Lee, co-founders of Melltoo

Morrad Irsane and Sherene Lee, the husband and wife duo behind Melltoo, a peer-to-peer marketplace for secondhand items with escrow payment and door-to-door delivery, offer revealing insights into the...

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Posted by: Morrad Irsane Sep 26, 2016 9:10 AM [uae]

Fentoni , we learn everyday as well :) . I would love to have your feedback on buying and selling using melltoo. Other websites in the UAE are becoming ridiculously expensive and smaller items are not easy to sell, hence melltoo Pay&Ship Secure... Use my link to download melltoo you will get your first 20 AED to spend in-App http://get.melltoo.com/83/morrad
Cheers

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2

New RTA smart kiosks can renew a UAE driver licence

Dubai’s Roads and Transport Authority (RTA) has installed ten new kiosks where customers can renew their driving licence.As well as being able to renew a driving licence, the kiosks are also capable of...

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Posted by: Sam Sep 26, 2016 9:09 AM [UAE]

Oh yeah - it would be great if the kiosks actually worked. The one that I am near to (Qusais) is out of order for about 3 months, and nobody cares !

Calls to the RTA and all I get it clueless replies, not helping in any way.

Talk to the on-premises supervisor and he merely shrugs off *Not my problem*. How typical !

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2

Dubai's DMCC tightens gold sourcing supervision after scandal

Dubai's gold trading centre said it would tighten supervision of how the metal is sourced after reports in the British media alleging it ignored international guidelines designed to prevent human rights...

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Posted by: Anvar Ali Hassan Sep 26, 2016 9:09 AM [UAE]

The Dubai Multi Commodities Centre along with the Dubai governmental institutes is enormously conscientiousness with regards to the adherence of rules and regulations. However, gold bought with no paperwork in Dubai is highly doubtful with the strict regimes dealt by the Dubai government – hoping the study conducted by the department will reveal the real truth. https://www.shuraa.com/

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1

No growth in Central London house prices until 2019, say Savills

House prices in London's prime locations will fall by 9 percent this year and not grow again until 2019 as buyers, already hit by increased property taxes, wait to see the outcome of Brexit divorce talks...

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Posted by: Boris Sep 25, 2016 1:17 PM [UAE]

Interesting - don't agree with some of this report. ! We were on a Buy to Let property search in London (1 week) back 3 weeks ago. Prices in the sub GBP1M price range (SE London) are virtually same as pre-Brexit. Maybe more owner occupier buyers, but the market seems buoyant and bubbling away. There maybe some minor discounting ~5%, but not to any significant level.
Also, West End flat prices (sub Million) seem static.

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1

Saudi looks to put 100,000 disabled people in jobs

The Saudi government is planning to offer private employers incentives to hire 100,000 disabled people, according to local media.About 183,000 disabled Saudis are registered as looking for work in the...

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Posted by: luqman akram Sep 25, 2016 1:11 PM [pakistan]

good work for disable persons but please do work for those who want to come in Saudi for work with his disabilities. please

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1

Big rise reported in UAE residents without life insurance

There has been a significant increase in the number of UAE residents who do not have protection in place in the form of life or critical illness insurance in the past year, according to a new survey.The...

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Posted by: Veronica Chapman Sep 25, 2016 9:16 AM [UAE and UK]

Well I paid into BUPA for 40 years using it for hospital twice in a
Lifetime, then you reach 65 they put it so high, you can't afford
It. Therefore all those years of being in the Medical system
At the end of your life they don't want to insure you, because as
You get older problems arise.

It's like being in a football team once your over 34 you go on the rubbish heap. That's my experience of medical insurances.

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1

Finally, developers in Dubai appear to be listening

Could the days of grandiose designs and lavish launches be over for the Dubai property market? At least every second new development of late is substantially toned down compared to the past decade - and...

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Posted by: Fentoni Sep 25, 2016 9:18 AM [UAE]

The affordable housing model is going to offer both challenges and opportunities to the banks in regards to lending. Most banks will offer 25 year mortgages however they have lower mortgage limits, often at 500,000 AED which would equate to a 666k property price ($181,405) at 75% loan to value. Most bank mortgage advisors have monthly targets of 2.5M however a 4M target is typically the norm. This means that even if they could offer a 75% mortgage they would have to process between 12 - 19 mortgages a month based on a $76,000 purchase price, this simply isn't practical or possible. I suppose a more likely outcome would be a 280k AED ($76k) personal loan over 4 years which would be circa 6,650 AED pm at 6.5% APR. As long as the customer earned over 13,500 PM and had under 5k credit limit on their cards and no other UAE debt then the personal loan route may work.

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1

Marriott deal approval doubles hotel giant's business in Middle East and Africa

The completion of Marriott International’s acquisition of Starwood Hotels & Resorts has significant consequences for the Middle East and Africa, in one swoop doubling the hotel giant’s operations in...

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Posted by: Ken S Khan, CHA Sep 24, 2016 10:32 AM [Canada]

Marriott and the Starwood merger is certainly a giant and bold move in the hospitality industry. Congratulations' Mr. Bill Marriott and Arne Sorenson. I had worked with both great companies.

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5

Saudi Arabia to remove subsidies for 7 services

Saudi Arabia will cut subsidies for seven government services, including removing price-caps on 193 items, according to local media.Effective from October 2, the 50 percent subsidy that has for years applied...

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Posted by: Anonymous Sep 24, 2016 10:32 AM [Europe]

Disgraceful move by the state to implement Umrah Visa fees of SAR2000, impacted many worshippers as they will be restricted from performing act of worship, and turn the religion matters in to business, no decency. They did not even have a single bit of shame to even think about imposing fees on pilgrims, they should be ashamed of themselves before the curse get inflicted upon them. Many people (who are not even rich) strive hard to go on Umrah and the State is just adding misery to our hard work.

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