Business NEWS DESK

Dh100,000 fine slapped on company found fraudulently evading Emiratisation targets

Dan Ngiam 20/06/2023

The Ministry of Human Resources and Emiratisation (MoHRE) has imposed an Dh100,000 fine on a private sector company found fraudulently evading Emiratisation targets. This decision comes in line with Cabinet Resolution No. (44) of 2023 amending certain provisions of Cabinet Resolution No. (95)

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Sheikh Hamdan sets out plan to make Dubai a global leader

Dan Ngiam 16/06/2023

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced the latest stage of an ambitious strategy aimed at helping the emirate “surpass the world’s leading cities”. Sheikh Hamdan said the third phase of the Dubai 10X initiative would be crucial in its long-term goal to “lead the world in government services”. He laid out the bold blueprint for […]

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Life savings vanish: UAE and Middle East residents scammed in ‘like-and-earn’ scheme

Dan Ngiam 16/06/2023

After losing his job as a cleaner in Dubai, Godfrey Mugunga, 33, found himself at the crossroads. With his back against the wall, the Rwandan took a leap of faith and entrusted his entire US$2,500 (Dh9,175) savings to Sky Media, an ‘earning app’ that promised a way out. The offer seemed straightforward: Watch a YouTube […]

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Loans stay affordable, no price hike as US Fed hits ‘pause’ on rate hike

Dan Ngiam 15/06/2023

UAE consumers and businesses have got a break from paying extra on their loans with the US Federal Reserve not raising the interest at its meeting today (June 14). This puts a pause on rate hikes after 10 increases since March 2022 – and which have been matched by the UAE Central Bank given the […]

Business Finance GCC NEWS DESK UAE

Avoid fines: Deadline extended for UAE mandatory job loss insurance

Dan Ngiam 15/06/2023

The Ministry of Human Resources and Emiratisation (MohRE) has extended the deadline for imposing fines on non- subscribers to the Unemployment Insurance Scheme from July 1 to October 1. According to the ministry, employees have to mandatorily subscribe to the scheme, and failure to do so will result in a Dh400 fine. It is mandatory that […]

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Acronis strengthens commitment to cyber protection in Africa at GITEX Africa 2023

Dan Ngiam 27/05/2023

GITEX Africa, Africa’s foremost technology exhibition and networking platform, is set to witness the participation of global tech experts, with cyber protection leader Acronis underscoring the critical role of deploying a comprehensive security and data protection protocol to face escalating ransomware attacks. With damages predicted to exceed US$30 billion by 2023,

NEWS DESK GCC UAE

Sharjah student beats 60+ schools to grab this year’s outstanding STEM student trophy after innovative project showcase

Dan Ngiam 16/05/2023

Naomi Maetel, a GEMS Cambridge International Private School Sharjah (GCS) student, has received the prestigious Outstanding STEM Student Secondary category – Special Jury Award during the 4th edition of the Global Annual STEM Best Practice Summit and Awards 2023.  The event was organized by Kitspire in association with Autodesk and the American University in Dubai.

Business NEWS DESK Tech

Data Privacy Day: Business leaders must first define their data strategy

Dan Ngiam 28/01/2023

As the world marks Data Privacy Day, cases of system infiltration and data breaches remain a worrying trend as unprepared organizations continue to fall victim leading to catastrophic losses. Mooted to raise awareness and promote privacy and data protection best practices, Data Privacy Day serves as a reminder of the need for organizations to prioritize […]