Executive Council Resolution No.5 of 2016 on Public Parking Services in Dubai details the change that RTA’s director general Mattar Al Tayer said would streamline paid parking management, help solve the problem of high demand for parking spaces and encourage people to use public transport. The amended tariff rates for parking on the side of […]
Dubai’s RTA to Double Parking Fees Read More »
Oil prices rose above $40 a barrel, driven by anticipation that the world’s largest exporters could agree this month to freeze production and help erode the largest global build in unwanted crude in years. Producers in and outside the Organization of the Petroleum Exporting Countries (OPEC) plan to meet in Moscow on March 20 to
Oil Exporters to Meet in March 2016 to Discuss Output Freeze Read More »
A Sharjah Municipality official has warned residents against signing blank tenancy contracts, which have reportedly been exploited to dupe residents into signing higher rents than what was verbally agreed. According to tenants, some real estate agents’ pressure new tenants to sign blank tenancy contracts, saying they will lose the apartment to other residents waiting in
‘Don’t Sign Blank Rent Contracts’ – Sharjah Official Read More »
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and chairman of the Dubai Executive Council, on January 27 issued a resolution on fees for ambulance services provided at the sites of traffic accidents. A AED 6,770 fee will be charged by Dubai Police and Dubai Corporation for Ambulance Services, for emergency and evacuation services provided
Resolution Issued for Ambulance Fees Used in Traffic Accident Read More »
Nol and credit card payment system is now available in the majority of taxis in Dubai, the Roads and Transport Authority (RTA) has confirmed. A total of 8,000 taxis have been equipped with the electronic payment system that will allow commuters to pay through credit card and Nol cards. Phase two of the project is
8,000 Dubai Taxis Equipped with NOL and Credit Card Systems Read More »
The UAE will implement value added tax (VAT) at the rate of five per cent from January 1, 2018, said UAE Minister of State for Financial Affairs – Obaid Humaid Al Tayer to reporters after a joint press conference on Wednesday with Christine Lagarde, Managing Director of the International Monetary Fund (IMF), in Dubai. The
UAE to Implement 5% VAT from January 2018 Read More »
BERLIN – It is the first time that Mars has had to recall products made at its Veghel factory, opened in 1963, which employs some 1,200 people. Chocolate giant Mars on Tuesday ordered a massive recall of Mars and Snickers bars from 55 countries after a piece of plastic found in one bar was traced
Mars, Snickers Bars Pulled off Shelves in 55 Countries Read More »
LONDON: Barclays Plc was sued by Amanda Staveley’s investment firm, which helped broker a £7 billion (Dh25.7 billion, $10 billion) fund-raising in the Middle East at the peak of the 2008 financial crisis. PCP Capital Partners filed the lawsuit in London on January 25, according to court filings that didn’t give any other details about
Barclays Sued by Amanda Staveley’s PCP Over 2008 Fund-Raising Read More »
Starting January 2016, the Ministry of Labor in the UAE has announced new measures to renew work permits, previously known as labor cards, and expired contracts, by early 2016. Humaid bin Deemas Al Suwaidi, Assistant Under-Secretary for Labor Affairs said that under the new process, the signature of the employee on the contract shall constitute
New Measures to Renew Labor Contracts and Work Permits (Labor Cards) in the UAE Read More »
WASHINGTON – The Obama administration on Thursday announced changes to a visa-waiver program that would make it harder for travellers to enter the United States from Europe if they had dual citizenship from Iran, Iraq, Sudan or Syria, or had visited one of those countries in the last five years. Those travellers will now have
U.S. Tightens Visa Rules for Some European Visitors Read More »
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