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Scottish Business Network To Open Office At DMCC Free Zone (24 September 2018)
DMCC today announced that the Scottish Business Network, SBN, an international membership organisation for Scottish entrepreneurs and business leaders, will open its representative office in Dubai in DMCC’s Free Zone.

RTA Receives 14.7k Emergency Reports As Signing Off Rate Clocks 99% (24 September 2018)
Roads and Transport Authority (RTA) announced that it had received 14,711 emergency reports this year through the Call Center (8009090), Madinati service available on RTA Dubai App. Reports received are related to any emergency damage to the infrastructure of Dubai.

Federal Tax Authority Sets Requirements For Recovering Tax On Entertainment Services For Employees (24 September 2018)
The Federal Tax Authority (FTA) has determined the "Entertainment Services" supplied to employees, for which registered businesses cannot recover the taxes they incurred, explaining that these are mainly the expenses associated with activities to entertain personnel.

Abu Dhabi Executive Committee Approves Three Verticals For Society Development Accelerators Stimulus (24 September 2018)
The Executive Committee of the Abu Dhabi Executive Council has revealed the details of 10 initiatives, as part of the society pillar of the Abu Dhabi Development Accelerator Programme ’Ghadan 21’.

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Dubai’s heritage, history of growing interest to tourists

Key locations like the Burj Khalifa, Dubai Mall and Burj Al Arab are always popular destinations for the millions of tourists who visit Dubai every year. Now, however, there is also a growing interest being shown in locations that reflect the thousands of years of history of both the city and the emirate of Dubai. In response to the increase in demand, and in line with a government strategy of preserving local history and heritage, the Dubai Municipality and local tourism and cultural bodies are devoting more attention to promoting these aspects of the emirate. The centre of the city, adjacent to Khor Dubai, itself always popular with tourists, and according to Dubai Culture, the restored buildings of the Al Shindagha district provide insights into the lifestyle of the vibrant merchant community that once lived there. Nearby Al Fahidi Historical District, commonly referred to as Bastakiya also has detached one-storey and two-storey buildings dating back to the 19th Century, many with the iconic wind-towers that provided an early form of air-conditioning.

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World Green Economy Summit 2018 to underscore role of youth in global green economy movement

The World Green Economy Summit (WGES) 2018 is set to emphasise the role of young men and women in global efforts to build a green economy when it opens in Dubai in October. Organizers of WGES made the announcement as the UAE joins the worldwide celebration of the United Nations’ International Youth Day, marked on Sunday, 12 August 2018, in growing recognition of the need to engage the youth in decision-making processes and other activities that affect them.  Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and organized by Dubai Electricity & Water Authority (DEWA) and World Green Economy Organisation, WGES will highlight this year the Climate Innovations Exchange (CLIX) initiative launched by the UAE’s Ministry of Climate Change & Environment (MOCCAE) to provide a platform for young international green entrepreneurs to pitch ideas to investors. This specialized session at WGES will discuss how CLIX model has managed to attract hundreds of innovators and discuss the most appealing aspects of the winning ideas.

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DHCA signs agreement to advance Chinese medicine

Dubai Healthcare City Authority, DHCA, the governing body of Dubai Healthcare City, DHCC, today announced a partnership with the Traditional Chinese Medicine and Technology Industrial, GMTCM, Park from Macao to advance the field of complementary and alternative medicine, CAM, in the free zone. Both parties will contribute to cementing the ongoing cooperation between the UAE and China, whose bilateral relations entered a new era in July this year with strategic alliances in key sectors including health. The partnership between the DHCA and GMTCM Park will see both parties exchange knowledge and expertise in the field of Traditional Chinese Medicine, TCM, as well as develop policies, regulations and standards to ensure quality of care.

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Why are investors losing faith in currencies from emerging countries?

While the bullish market in the US is keeping the investors glued, the mounting financial risks in the developing economies are forcing investors to pull out slowly.  This is not a secret anymore; some developing countries are facing financial panic since the beginning of this year.  The high-spirited market condition in the United States is probably attracting investors who are selling off emerging market bonds, stocks, and currencies.  

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Can Argentina’s peso show any signs of improvements during the next few months?

When it comes to the worst performing currencies from developing countries, Argentina’s peso is attracting a lot of eyeballs these days. The economic condition is such that even hiking the benchmark interest rate to the highest levels is not proving helpful. Critics are putting the blame solely on President Mauricio Macri’s way of handling the crisis.

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Can the Turkish lira start showing any signs of improvement after the country’s interest rate hike?

When it comes to top five worst performing currencies from around the world, the Turkish lira conveniently makes it in the list. There are several reasons behind this fall in the currency’s value. Let’s take a look at some of them.

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Gulfood Manufacturing 2018 at the forefront of Industry 4.0.

The fifth edition of Gulfood Manufacturing, the Middle East’s largest food and beverage processing forum which runs at Dubai World Trade Centre (DWTC) this November, promises to be the Gulfood spin-off’s most well-rounded and forward-looking exhibition and conference to date, offering a 360-degree solutions platform for a regional industry buoyed by strong consumer demand in an increasingly competitive marketplace. While retaining its long-standing reputation as the principal place to conduct multimillion-dollar business transactions with exhibitors from 60 countries showcasing the latest industry development tools, Gulfood Manufacturing 2018, which runs from November 6-8, boasts a range of features that put it firmly in the realm of future forecasting, trend tracking and sector education.

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How To Become A Better Business Owner

Managing your own company is a tough job, but can also be a very rewarding and satisfying career path. Luckily, there are a few ways for how you can improve and become a better business owner. However, you have to be open and willing to change your habits a bit.

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DCG RECOMMENDS
Wild Wadi Theme Park
This beachside Arabian themed water park has 23 fun-filled rides for kids and adults. Wind your way in leisurely fashion round Whitewater Wadi, propel yourself up Summit Surge, then whoosh down the 108ft-high Jumeirah Sceirah (read ‘scarer’). Plenty of lifeguards are on hand to make sure you and your rubber ring don’t part company, but it’s up to you to hold onto your shorts.
Located adjacent to Burj Al Arab

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5:41:20 PM , 24 Sep 2018
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