UAE’s National Festival of Tolerance to be celebrated from November 9, 2018 to November 16, 2018. Featured
UAE has been known as one of the countries that hold rock-solid values in terms of their outlook towards tolerance and decades after decades, the rulers of the state have inculcated and inherited the same values to their successors which they have imbibed upon. UAE is the perfect pinnacle of what is called a global village. It homes hundreds and thousands of expatriates coming from various different corners of the globe to this country. It, thus, becomes the need of the hour that the governing system of the country speaks and breathes tolerance towards race, language, color, creed, age, occupation etc. Therefore, the governing bodies in this respect, have taken some active steps to endorse the significance of the matter. UAE cabinet hosts a Minister of State for Tolerance under the UAE Ministry of Tolerance. Every year, the country hosts several conferences, programmes, activities, tournaments, etc to promote this message to the world out there and make them see how important it is to accept others wholeheartedly and to not shame others or hate on people. The country sends the most important message of peace and tolerance to the world on a global scale. The Honorable Vice President and Prime […]
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Real Estate loan policy becomes more flexible after Central Bank of UAE removed the 20% cap on Real Estate lending Featured
In a recent announcement to the media, Mr. Al Ghurair, the Banking Federation Chief announced that the 20% cap on real-estate lending as a percentage of the total deposits of the banks would be lifted by the Central Bank of UAE. The lending cap was lifted in lieu of a new law issued in October and a new ceiling has not been put in place yet. Mr. Al Ghurair shed some light on the advancement saying that the banking body is working with the regulator to define what real-estate actually is and what falls under it i.e. whether the loans for assets such as hospitals, schools, malls and mortgage landing would classify as real-estate loans? If in these cases the repayment source of the borrower is through their salaries? Adding further Mr. Al Ghurair stated: “With the new law there is no restriction … it has been lifted. The 20 per cent cap [on loan exposure to banks] was prescribed in the law No 10 and that has now been abolished.” Thus, this advancement surely looks like a positive one and would act to promote and encourage real-estate investment within the country as now people with even a slightly unsure […]
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UAE ranked as the 2nd safest country in the world by the UK based magazine Which? Featured
During a recent online poll conducted by a UK based travel magazine Which?, UAE was voted as the 2nd most safest country in the world when it comes to crime rate next to Iceland at the top. UAE beat highly global travel destinations like Thailand, Italy, France and US to this ranking. Which? ranked 20 countries around the world based on the data produced by the World Economic Fund (for crime rates), the World Risk Report (for likelihood of major natural disasters), the NHS Fit for Travel website (for health risks), and the Foreign and Commonwealth Office’s (FCO) assessment of terrorism risk levels. All the reports came to a conclusion that Iceland is the safest country in the world at the moment when it comes to crime rates, likelihood of major natural disasters, health risk or terrorism amongst all its contemporaries. The UAE hence, stood second to Iceland with almost non-existent percentage of crime rates, likelihood of major natural disasters, health risks or terrorism. However, downright through the bottom, the countries ranked with the worst crime rates are India, Thailand, South Africa, Turkey & Mexico. Astounded by the diversity of the results itself, the Magazine stated: “Of the 20 holiday […]
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Public and Private Sectors in UAE get a 3-day weekend on Prophet Muhammad’s (PBUH) Birthday! Featured
Contrary to what everyone in the UAE was reckoning about this holiday to be on Tuesday, November 20th, 2018 as that is the exact date for Prophet Muhammad’s (PBUH) Birthday, the Ministry of Human Resources and Emiratisation took to twitter and announced that Sunday, November 18th, 2018 would rather be declared as a holiday adding to the two-day weekend. تقرر أن يكون يوم الثامن عشر من شهر نوفمبر الجاري عطلة رسمية مدفوعة الأجر لجميع العاملين في منشآت ومؤسسات وشركات القطاع الخاص في الدولة بمناسبة #المولد_النبوي_الشريف. pic.twitter.com/V4Bd8YAHYs — MOHRE_UAE (@MOHRE_UAE) November 6, 2018 The decision came forward after the Minister of Human Resources and Emiratisation, Nasir Bin Thani Juma Al Hamli issued a circular around the Ministry and extending his greetings to all the UAE citizens for this auspicious occasion. Thus, we at dxboffplan.com, extend our heartiest greetings to all UAE citizens too and hope that they will have a good relaxing long weekend and their much deserved rest through it.
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UAE amnesty scheme further extended for a period of one month Featured
We provided our readers with all the details regarding the famous amnesty scheme UAE authorities came up with this year in August in order to filter and correct the country’s residency system by scanning out illegal residents. These illegal residents were provided with a chance to either legalize their residential status within UAE or leave the country on Government’s expense. Hundreds and thousands of such inhabitants came out in the open and sought amnesty. Many of such residents were facing financial problems in lieu of which they could not even exit the country by simply buying tickets back home. Many were such who were oblivious of regulatory conditions and did not know the right plan of action. Thus, UAE authorities helped all such people by setting up operating centers across the whole country for them to reach out. Therefore, after encountering the success of this mission and seeing the magnitude of the issue, the government has decided to extend the amnesty period to a further of another month and help people effectively. Acting Director-General of Foreigners and Ports Affairs at the Federal Authority for Identity and Citizenship, Brigadier Saeed Rakan Al Rashidy while shedding some light on the advancement stated: […]
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UAE launches its first-ever satellite ‘Khalifa Sat’! Featured
Time and again, UAE has proven itself to be a country that is strong footed and is all ready to take on the challenges of this advancing world. Be it economic, geographic or technological advancements, this country has never shied away from incorporating such progressions. Hence, that is how it continued its undying passion for excellence and recently launched UAE’s first-ever Emirati-made satellite named ‘Khalifa Sat’ on October 29, 2018. Khalifa Sat took off into space from Tanegashima Space Centre in Japan at 8:08 am UAE time holding the H2-A rocket and Japan’s environment satellite, GoSat-2. #wam_video | The historic launch of #Khalifasat pic.twitter.com/UqrY13TK9E — WAM News / English (@WAMNEWS_ENG) October 29, 2018 The idea behind this satellite is to capture Earth’s images from space. These images coming in to Earth from Space will be captured by the satellite’s camera and released from the space center when ready. Built with zeal at Mohammed Bin Rashid Space Center, this satellite is proudly the most advanced Earth observation satellite for the UAE in history. #wam_video| #KhalifaSat launch underscores UAE's outstanding capabilities in space manufacturing field pic.twitter.com/BGfZjnHGdv — WAM News / English (@WAMNEWS_ENG) October 29, 2018 This path-breaking step was very well appreciated […]
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Mental Health Issues to be covered by Insurance in Dubai Featured
Mental Health is a taboo that is so widely known and acknowledged to be a taboo but still not catered in the way it should be catered. Not just the developing countries but even highly progressive societies have also not adjusted to the very existence of mental health as a thing entirely till date. This palpable health condition is often attributed to as self-created dilemma or self-sabotaging behavior. However, people are not keeping mum about it anymore and this very issue is being addressed at a global level now. Thus, in lieu of these recent advancements towards this taboo globally, UAE authorities have also stepped forward to take profound and active strides into addressing Mental Health effectively. This is certainly a positive and good step as a government body for UAE’s residents and expatriates alike. The inclusion of Mandatory Mental Health Illness Treatment within people’s Health Insurance Packages will not only facilitate them monetarily and save them from hefty expenses associated to such treatments but will also strengthen them and keep their privacy intact. The awkwardness associated with openly communicating about your mental health is a major factor why some people shy away from the treatment making this condition even […]
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UAE’s one of the oldest monuments to be renovated & reopened soon Featured
In the present world, whenever someone talks about UAE, the first impression that comes to everyone’s mind is how big and humongous of a metropolis it is. It definitely stands strong as one of the most well-renowned metropolitans in the current world. Bearing all that makes a metropolis, UAE has emerged to be on top of its game in a very short span of time. From skyscraping buildings to latest technological advancements and highly conditioned as well as facilitated lifestyle, it has all the important components to be termed as a quintessential urban city. However, a fact lesser known is that this Middle Eastern country is not just a metropolis but so much more than that. It possesses a wide-ranging and elaborate cultural heritage to its name. Being one of the most ancient habitation of the Middle Eastern thread, the place holds an impregnable cultural value to it. Having said that, due to the sudden boom of urbanization and modernization, UAE had somewhere pushed its heritage aside and had shifted all its focus to further asserting the 2.0 boom. Until recently, when the higher authorities decided to renovate and reopen QASR AL HOSN Fort. Qasr Al Hosn Fort is possibly […]
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Dubai on the way to become world’s cleanest city by 2050 Featured
If we go back in time, say, 50 years back from today and reminisce what Dubai today has become, we will all be overwhelmed by the magnitude of transformation this city has gone through. Turning into an out and out metropolis from literally a barren desert does not happen overnight. This kind of success and achievement is a continuous yet gradual process of untiring hard work, effort, and consistency. And so, Dubai has been able to achieve it all and more. Having said that, rising into a metropolitan comes with a lot of goods and bads on its own. The goods are definitely higher in percentage. However, the bad of it is still unavoidable and that is environmental pollution through vigorous construction, renovation and vehicles. Such hazards have time and again affected the environmental well-being of this city and so it was high time that the authorities took decisions and made profound endeavors on the matter at hand. Thus, in lieu of it all, at the World Green Economy Summit held on Wednesday, some major industry experts in the region predicted with certainty that the Emirates will achieve its ambitious goals to reduce carbon footprint and achieving 75 percent renewable […]
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UAE to become a healthier country with the launch of New Air Quality Station Featured
It is no surprise that UAE is an out and out metropolis. With skyscraping structures being constructed on daily basis within the country, there exist very high probabilities of noise, air and wind pollution. In addition to that, talking of vehicle density, according to recently presented statistics, for every two residents there exists one car within UAE. This means that the country has an overwhelming chance of being hit by the pollution caused by combustion engine. Let’s leave heavy vehicles and public transport aside for that matter. Thus, these are some of the side-effects that come hand in hand with a metropolitan. However, UAE Government has now taken the situation into account and is making active strides towards catering the issue. One such advancement is the launch of New Air Quality Monitoring Station by the Ministry of Climate Change and Environment within UAE. This Air Quality Station is one of the 41 stations that conform to the criteria issued by the well-trusted US Environmental Protection Agency as well as the European Union. This Air Quality Station has been specifically designed to detect and curb some of the most harmful gases in the air i.e. nitrogen oxide, sulphur oxide, carbon monoxide. […]
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UAE Government introduces new extremely flexible Visa Policies Featured
As we have emphasized time and again, UAE is a global hub engulfing a plethora of multi-cultural, multi-lingual people belonging to various different ethnic backgrounds. The state receives hundreds and thousands of expatriates every year coming to this land full of opportunities to establish their lives in with their families and form their homes. However, in the past, due to strict visa issuance and system policies, many people had to strive past such hurdles to ensure their stay within UAE. In lieu of such not so feasible visa policies, many expatriates were forced to fly back to their countries and leave behind their well-established lives in the UAE. Therefore, the UAE Government has stepped ahead with a new visa system for such residents and visitors alike that will facilitate a longer and more relaxed stay within the country for such people. According to the reports as of October 21, 2018, widows, divorced women, and their children along with students within the region will be provided with such flexible visa policies. Divorced women and widows will be granted with a one-year visa extension. No sponsor will be required under this period of 1-year extension for such women. Students studying past grade […]
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Sheikh Zayed Road renovation in accordance with Expo 2020! Featured
Sheikh Zayed Road is possibly Dubai‘s most commercial and busy road in terms of the flow of people around the street at all hours. Whether it is tourists or locals, the busy street is occupied with people round the clock. The busy street entails all the recreation opportunities for visitors be it fine dining and eating, activities for children, hang-out places for adults or feel-good wholesome fun places for families, the bustling street is equipped with all. However, in lieu of the approaching Expo 2020, its quite widely known that Dubai is going through some major upgrades, shifts and renditions to become the best version of itself as a metropolis. It is due to this reason that several construction and development projects have been going on within the city. Approximately just a year away from now, Expo 2020 preparations are in full swing with all such projects being initiated within different Emirates. Hence, the new bridge on Sheikh Zayed Road has been opened by RTA- Roads and Transport Authority Dubai that will facilitate the improvement of Latifa Bint Hamdan and Umm Al Sheif streets from the Al Safa junction to the Al Manara junction. This double decker bridge will link Jumeirah […]
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Dubai marks as the World’s Most Cosmopolitan City! Featured
It is certainly not a surprise that Dubai is one of the biggest multi-cultured metropolis in the world. The city sees hundreds and thousands of expatriates flowing in every year in search for better future and opportunities. With an umpteen number of residential, career, leisure and luxury opportunities and platforms to offer, this Middle Eastern city has earned this space for itself around the globe in a very short span of time. Dubai is filled to the brink with expatriates. Be it malls, commercial workplaces, residential colonies, or schools and universities, expatriates have inadvertently flocked the Emirate. However, the big reveal had not been done till date until recently, when the globally renowned consultancy firm McKinsey & Company came up with the Math. According to the recent survey held by McKinsey & Company on how much of foreign-born’s were occupying different metropolises across the globe, it was found out that Dubai holds 83% of such foreign born residents belonging to 200 different countries in the world who speak more than 140 different languages. Now that’s a whopping number of expatriates living within a city. This indicates that within Dubai, the local population makes only roughly 17% of the total population. […]
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EMAAR- DIB Exclusive Financial Scheme for Properties Featured
Emaar Properties– a renowned construction and development giant in the UAE has delivered an umpteen number of iconic projects within the region and has already established a niche for itself over the years. Many iconic and landmark projects within this region are all credited to Emaar Properties and they proudly bear the flag of having delivered such projects. DIB- Dubai Islamic Bank on the hand is possibly the most operational Sharia Compliant Financially Operational Bank in the whole of UAE. It works on the principles of Islamic Banking and Financial Structures. Emaar Properties and Dubai Islamic Bank have come up with an exclusive scheme with a 10% return to investors on all their investments on Emaar Properties. This can possibly the most flexible investment scheme a conglomerate has come up with in a long time. A 10% return on investment is quite a significant return for any investor on such path-breaking and state-of-the-art projects. Under this limited time offer, the first 5 years of financing will be totally free which certainly counts as a huge waiver. Once a period of those 5 years is completed, the investor will then receive huge returns on investment. Thus, we at dxboffplan.com, are very […]
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Employee Rights Safeguard Scheme by the UAE Government Featured
UAE is a global hub and hundreds and thousands of expatriates flock in to the country every year in search of better job opportunities. Apart from the locals themselves, thousands of expatriates have made their way to UAE in search of their bread and butter. However, people residing within UAE know how complicated and tricky the whole employee and employer dynamics can be. According to the older policy, it was mandatory for the employer to deposit a fee of DH 3000 to the Ministry as a means of guarantee and confirmation of employing that certain individual. However, the Ministry of Human Resources and Emiratisation has recently come up with a newer policy where the employees would be refunded and returned the deposited money after they submit a proof document explaining the employer did not commit any visa violations. In this context, the Ministry has tied up with Dubai Insurance Company to introduce a new insurance plan for registered employees in the private as well as domestic sectors. This new policy will even cover the areas like unpaid wages, end of service benefits, gratuity, leave and overtime allowance introducing a return ticket back to their countries upon the provision of proof. […]
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