Past News July 2015

Displaying 1-6 of 6 results.

UAE insolvency law 'will boost confidenc...

Wed, 22 July, 2015

Earlier this month, Sheikh Mohammed bin Rashid Al Maktoum, UAE Prime Minister and Vice President and Ruler of Dubai, said the proposed draft law presents flexible strategies to bailout businesses faced with financial troubles that might lead to bankruptcy.  Approval by the Federal National Council of the proposed insolvency law would s...

CI affirms UAE ratings; outlook stable

Mon, 20 July, 2015

International credit ratings agency Capital Intelligence, or CI, has affirmed the UAE's long-term foreign and local currency sovereign ratings of AA- and its short-foreign and local currency sovereign ratings of A1+ after taking into account key economic and financial indicators. The outlook for the rating is stable, meaning it is likely to...

Update your Company Profile

Wed, 15 July, 2015

Simply by logging onto the website you can edit your profile, if you are the nominee of the company you can also edit the company profile,add/update your company type and edit your company members.   Update any information here and add your company type here, from the dropdown box choice. ...

Out and About

Sun, 12 July, 2015

Abacus Financial Consultants is our featured member in this month’s ‘Out and About’. Bob Symons, Partner and Andrew Hedger, Consultant at Abacus met BBG Membership Relations Officer, Linda Rudkin in their office located in Oud Metha, Dubai.  ProfileAbacus Financial Consultants LLC is an IFA practice with a difference.  ...

New visa, renewal linked to medical insurance...

Wed, 01 July, 2015

From August 1, 2015, no new residence visas or renewal of existing visa applications will be processed without mandatory health insurance coverage in Dubai. This rule will apply to companies with 100 to 999 employees that fall in Phase II of the coverage. However, companies that fall under the Phase III of the implementation that ends in 2016 w...

Dubai Municipality implementing Dh1.7b worth...

Wed, 01 July, 2015

Dubai Municipality is currently implementing 23 main projects worth around Dh1.74 billion, said Hussain Lootah, director-general of the municipality. Among the most high-profile projects are Dubai Frame, Dubai Fish Market, Dubai Safari and the Thuraya astronomical observatory. Lootah said some main projects are expected to be ready this ye...