Tag: UAE

What UAE Merchants Should Stop Doing Now (And Beyond) The COVID-19 Crisis

More than six months have passed since the novel coronavirus became known worldwide, and the challenges of coping with life during the ongoing pandemic continue to evolve.



a man using a laptop computer sitting on top of a wooden table


© Shutterstock


For businesses, the particulars of COVID-19 have made it exceptionally challenging to respond to the changing needs and concerns of customers.

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A virus that spreads through touch and close contact has compelled both small and large enterprises to rethink their every physical interaction with the community, including how they collect payments.

Visa’s global Back to Business study, which assessed the financial impact of COVID-19 on small and micro businesses (SMBs) worldwide, found that nine out of every 10 consumers in the UAE have changed how they pay for purchases, including preferring to shop online when possible (59%).

The study, conducted as part of Visa’s regional “Where You Shop Matters” initiative to provide merchants with insights that will help them

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UAE: What is a “lifetime investor visa”? Here are the actual details

File photo of a visa being stamped on a passport. Picture used for illustrative purposes only.
Image Credit: Gulf News archives

Dubai: Looking to set up a company in the UAE? ‘Get a lifetime investor visa!’ is an offer you will be made by several business setup consultants in the UAE. But what does it really mean?

To be clear, there is no ‘lifetime visa’ option available officially from the UAE government. Residence visas are issued typically for two or three years, depending on the jurisdiction. So, when business setup companies offer a ‘visa for life’ or a ‘lifetime investor visa’ they essentially offer to help with the process of payment for the visa renewal costs on your behalf, every two or three years. Why? Because they can cover the administrative cost for that within the other charges you pay for, which are incurred as and when your business licence

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UAE- Mastercard: Redefining the future of payments

(MENAFN – Khaleej Times) Mastercard is committed to the development of a multi-rail future in which digital payments can move at an increased velocity, ultimately enabling governments, businesses and consumers with the ability to pay securely and in real-time. Excerpts from an interview with Khalid Elgibali, Division President – Middle East and North Africa, Mastercard.

What approach has Mastercard undertaken to enhance payment options and cater to the evolving needs of your customers in the region?

As a multi-rail company that serves merchants, banks, telecommunications organisations (telcos), financial technology (fintech) companies and governments, we at Mastercard are redefining the future of payments. In the context of the pandemic, we have witnessed how technology has come to play an even more significant role in people’s lives. The accelerated adoption of contactless payments, growth in e-commerce and the demand for “digital-first” experiences are just some of the trends we have observed.

Mastercard

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Research reveals UAE businesses need to prioritize skills as much as technology to maximize value from AI

17 September 2020; Dubai, United Arab Emirates – Global research released by Microsoft reveals that companies see the biggest business benefit from artificial intelligence (AI) when they combine deployment of AI with skilling initiatives that focus on both tech and soft skills. Surveying more than 600 employees and leaders within larger enterprises across the UAE, the research focuses on skills needed to thrive as AI becomes increasingly adopted by UAE businesses, giving enterprises insights into where to best place their investment .

“The high-tech UAE economy advanced by initiatives such as the National AI Strategy 2031 will accelerate new economic and social opportunities for citizens, governments and businesses and generate significant  growth, a high priority in the current UAE economy,” said Ihsan Anabtawi, COO and CMO, Microsoft UAE. “This new study analyses how AI leaders are driving more business value in the new environment as companies skill, upskill and reskill

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Indian Man Pothugonda Medi Returns Home After UAE Waives Over Rs 1 Crore Visa Fine

Pothugonda Medi is a migrant labourer from Telangana. (Representational)

Dubai:

A 47-year-old Indian man, who stayed in the UAE without any documents for over 13 years, has been repatriated home after getting a waiver of half a million Dirhams (Rs 1,00,21,000) in visa dues, according to a media report on Tuesday.

Pothugonda Medi, a migrant labourer from Telangana, approached the Indian Consulate in Dubai after he lost his job following the coronavirus outbreak, the Gulf News reported.

“During the COVID-19 pandemic, he came to us as he could not find any odd jobs that he used to do earlier for his survival,” Jithendra Negi, Consul, Labour and Consular, at the Indian Consulate, was quoted as saying by the paper.

Mr Pothugonda told the Indian mission that he had come to the Gulf on a visit visa in 2007, however his agent abandoned him soon after.

The agent had not returned

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Dubai Business Women Council And Creative Zone Launch Program To Empower 100 Female Entrepreneurs In The UAE

Dubai Business Women Council, a Dubai Chamber of Commerce and Industry platform for business women in Dubai, and Creative Zone, a Dubai-based business setup advisory firm, have partnered to launch an initiative called “She Leads” to accelerate and incubate 100 female-led startups from the UAE.



a man and a woman sitting at a table: Lorenzo Jooris, CEO of Creative Zone, with Nadine Halabi, Business Development Manager of the Dubai Business Women Council.


© Dubai Business Women Council
Lorenzo Jooris, CEO of Creative Zone, with Nadine Halabi, Business Development Manager of the Dubai Business Women Council.

“She Leads” has been designed as a 12-week program that will train 100 UAE-based female entrepreneurs, above the age of 21, who have an existing business or a concrete business plan. All training modules and workshops will be taught online by industry experts, coaches, and business leaders based in the UAE and abroad, focusing on business launch strategy, funding and scaling, impactful leadership, marketing, finance, and distribution.

The two most promising applicants in the program will receive a set of free business

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Alert: Expired UAE visit visa holders have only four days to leave the country without fines

If your visit visa has expired, only four days remain to leave the UAE without paying fines
Image Credit: For illustrative purpose only

Dubai: Holders of UAE visit or tourist visas expired after March 1, 2020, have only four days to leave the country or change their status without paying fines.

As per the latest announcement from the Federal Authority for Identity and Citizenship (ICA), holders of expired visit visas were given a month from August 11 to exit the country without paying fines before September 11.

They also have an option to stay in the country by obtaining a visit or employment visa, as per the ICA announcement.

If the visa is not renewed or if the individual doesn’t exit the country, overstay fines will be implemented.

In July this year, the UAE government cancelled the previous decision to extend the visit or tourist visas until the end of

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