Creating value through innovation is a process of discovery, development and transformation, it is never a one-time occurrence. Innovation is what fuels an organization to evolve from a market viewpoint. Any organization that does not innovate is going to fail soon. That is why businesses need to be able to adjust to changes, to continuously […]

Following the unprecedented Covid-19 global pandemic, 2021 must be a year of Sustainability and restructuring, for every organizations globally.  Business organizations must redesign, recreate, and adapt to be sustainable for the post Covid-pandemic recovery. Ok, here’s how: Digital transformation is a must, investment needs to be increased in digitalization Decide which part of the organization needs […]

The Economic Substance Regulations (ESR), supplemented by guidelines released on September 11, 2019, were issued by the United Arab Emirates Cabinet of Ministers.   However, the Economic Substance Regulations to applies to all entities engaged in a related operation in the UAE.   Including entities formed in free zones and financial free zones.   Also, In 2019, in […]

In January, DMCC will host six diamond tenders at the largest diamond tendering facility in the world, the Dubai Diamond Exchange. This follows last month’s record-breaking tender, which saw the highest ever rough diamond tender sales in the UAE. In addition to the usual long-term hosts, Trans Atlantic Gems Sales (TAGS), Stargems, and Rapaport, three new […]

The festive season in many organizations comes with a variety of activities and high spirits, not leaving out the end of year tasks in various departments that still need to be done effectively to avoid stalling the business processes. This calls for a balance between spreading holiday cheer among teams in the most creative ways […]

The use of AI and Data Analytics in every organization has become essential in today’s business world. According to PwC, modern compliance must use robust technology and data analytics to assess their methods and the various businesses they engage in. The following are some of the key benefits of using AI for your business: AI […]

Big Data, like the name implies, is referred to as a huge volume and highly complex amount of data that is constantly growing at exponential rates. However, the unique characteristics of Big Data are its volume (size), velocity (speed), variety (nature), value (worth), and veracity(accuracy), making it impossible for traditional data processing software to manage. […]

Recent trends arising from the global pandemic has resulted in drastic lifestyle changes affecting both businesses and individuals and their interactions levels with each other. For many countries, another phase of lockdown is in full swing while others are gradually getting used to safety precautions in their social interactions. E-commerce has experienced a similar hike […]

As the United Arab Emirates (UAE) celebrates its 49th National day, let’s explore some interesting stats about the UAE. • Demographics o Population: 9.8 million o Male: 69% o Female: 31% o Migrants: 88% o 0.13% of the world population o Median age: 32.6 years o Literacy rate: 93% • Business o Current GDP of […]

With 49 years of continuous resilience, UAE has stood the test of time in ensuring a continuous enabling business environment for local and foreign direct investment across multiple business sectors amidst the global pandemic in 2020. The country takes pride in her continuous adoption of global best practices in business operations, multiple award winnings for […]