Courtesy - Gulf News, Khaleej Times & Other Authors for Contents of this Free Service Site
Saturday, November 15, 2008
Job Cuts on Emaar Radar as Stocks Crash
Dubai/London: Emaar Properties, one of the world's largest property developers, is preparing to cut jobs to help it steer through the biggest crisis in its 11-year history amid a sharp fall on Dubai's stock markets and a cooling of its property sector.
The company, which accounts for about 10 per cent of the Dubai stock market, on Thursday said it was reviewing its 5,000-strong workforce in light of the weakening Dubai property market, which is declining for the first time since foreigners were allowed to buy property in 2002.
Emaar emerged on the property scene from nowhere a decade ago, establishing itself in more than 36 countries through an aggressive acquisitions policy that helped its land bank grow to 519 million square metres, with a value of Dh28.3 billion in 2007.
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The company became the face of Dubai's booming property market, which has been constantly raising the bar for building the biggest, best and fastest.
However, the six-year bull run in Dubai property prices has run out of steam as the financial crisis washes up in the Gulf. HSBC said last week residential prices had fallen in October for the first time since 2002. "To address the new challenges that we face, it is important to reorient our growth strategies and align our business model to tackle new realities," Emaar said.
It has sought to diversify outside the core Dubai development market into a wide range of businesses around the world, from estate agency chain Hamptons International in the UK, John Laing Homes of the US and the Armani hotels business, as well as assets in healthcare and education.
Saturday, July 26, 2008
A Few Things TO NOTE Before Changing Jobs
Published: July 25, 2008, 23:42
However, this process will usually be completed by the Public Relations Officer (PRO) at your previous and future employees.
Be aware of any competitive clauses in the employment contract you have signed, to see if there are any limitations to taking up new employment.
Competitive clauses may include the inability to work for a competitor to your current employer, for up to two years.
To transfer a visa, the new employer needs to gain permission from the previous employer, after gaining approval from the Ministry of Labour.
Residence visas are usually issued for a period of three years. The UAE's free zone visas can usually be transferred from one employer to the next. However, the previous employer needs to agree to the transfer and may need to provide a no objection certificate (NOC). The NOC may need to be provided in Arabic, on headed notepaper, signed by the local sponsor.
If you have a non-free zone visa, it will need to be cancelled before a new visa can be applied for.
You will need to sign a document instructive of a six-month work ban. This ban, however, can be lifted with the NOC from a previous employer.
If a non-free zone visa is cancelled, the new employer may have to pay a fine for the duration of the remainder of the visa, if the employee has not completed a specified period of work. This period is one year for Masters and PhD holders, who can transfer sponsorship an unlimited number of times. It is two years for Bachelors degree or equivalent, and are allowed to transfer twice.
Other categories of employee with lower qualifications are allowed to transfer once during their tenure in the UAE, and must have been working for at least three years for a current employer.
The one-year clause can be exempted under certain conditions, including approval from current sponsor, minimum qualification of a high school certificate, approval from the Minister of the Undersecretary and payment of certain fees.
Under certain rules, labour categories are exempt, provided employers pay Dh3,000. These rules include a company announcing bankruptcy or if the Ministry of Labour cancels a company's license.
If you are in doubt about visa regulations and wish to change jobs/sponsorship, speak to the PRO at your future employers or a member of the Human Resources (HR) department.
Friday, July 25, 2008
To Check Employment Visa
A: If you are inside the country (UAE) presently, you may able to check the Work Permit Details from MOL, use toll free number 800665 or call;
Ministry of Labour - Abu Dhabi Tel (+97126931100) Fax (+97126665889)
Ministry of Labour - Dubai Tel (+97147023333) Fax (+9714 2668967)
If your employment visa is related to any other emirate, you may call the respective numbers (labour offices)
Labour office - Sharjah -Tel (97165669777)
Labour office - Ajman-Tel (97167400444)
Labour office - Umm Al-Quwain-Tel (+97167660159)
Labour office - Ras Al Khaimah-Tel (97172337000)
Labour office - Al Fujairah-Tel (97192243888)
For Employment/Resident Visa inquiries, call NRD (Naturalization department) at 00971-4-3980000 (Dubai) or info@dnrd.ae or 00971-2-6663586 (Abu Dhabi)
Presently there is no system to check the visa online,Hope this will help you
THE UNITED ARAB EMIRATES - FACT SHEET
THE UNITED ARAB EMIRATES
The
Desert Heritage
The emirate was inhabited as far back as the third millennium BC, but the
The discovery of oil in 1958 and its subsequent export from 1962 produced a sudden upsurge in
Traditions
The city’s progressive vision is tempered with a deep-seated respect for traditions and culture, and tucked away between modern towers are heritage locales that tell tales of
Places of Interest
The city of
Deira's many attractions include the historic quarter of Bastakia, as well as old souks and covered marketplaces. Wandering along the alleys, you can explore the Spice Souk and the Gold Souk. The
On the Bur
If you drive west from the city centre, you will reach the popular suburb of Jumeirah, home to some of Dubai's finest luxury hotels and resorts, unspoilt stretches of sunny beaches and water sports complexes. In Jumeirah is the Grand Mosque, re-built in 1998, with the city's tallest minaret, nine large domes and 45 small domes - a distinguished landmark and an important place of worship.
About 115 Km south east of
In contrast to the traditional attractions of
Best Buys and Bargains
The city is one of the largest retail gold markets in the world, selling everything from ingots to intricately hand crafted jewellery, and bargaining is welcomed almost everywhere. The Gold Souk area in Deira has glittering street-front stores and hides dozens of alleys housing smaller shops. The newly built Gold and
The city is also home to some of the
The larger shopping mall complexes also house cinema theatres, food courts, entertainment centers and play areas for children, allowing for complete family shopping experiences.
Choose to browse through the older markets and the narrow walkways located in the Meena Bazaar, Karama and Naif areas, dedicated to inexpensive reproductions of international brands; leather goods and textiles; computer and electrical accessories and Arabic perfumes.
Most shopping venues and cultural destinations sell a range of gifts and souvenirs representing
Seasonal Highlights
Varying from the world's richest horse race - The
While the actual dates of many important events are timed to match the season, the Lunar calendar and the holy month of Ramadan change from year to year. The chart below provides a guideline to the city's many events:
January - The
February - The
March -
April - International Jewellery exhibition
May - Local and international events
June -
July -
August -
September - Gulf IT Exhibition (GITEX), Local and international events (
October -
November - Horse racing season, Dubai Traditional Dhow Sailing Race
December - Rugby 7s, Dubai Air Show, Dubai Grand Prix, National Day celebrations
Rest and Recreation
Dubai is an exciting year round destination that offers unlimited opportunities for rest and recreation, be it a walk through a lush green family park, an adventurous day in the waters of the Arabian Gulf, or a pampering session at one of the many health spas.
Beaches: Some of
Desert safaris: One of Dubai's most popular tourist attractions is the desert safari: a unique experience that combines an adventurous 4WD car ride over sand dunes with camels, belly dancers, henna designers, falconers, and a barbecue dinner by starlight. Other attractions include sand skiing, sand boarding, sand carting and 4WD desert driving
Fishing: The warmth and shelter of the Gulf attract a large variety of fish, and several local companies provide full and half day trips to the best fishing waters about 12Km offshore from the mainland.
Golf:
Treatments and therapies:
SHARJAH
Sharjah is a city of learning and the arts, as confirmed by its 1998 UNESCO designation as the Cultural Capital of the Arab World. This context facilitates the university's intention to be an academic center at the intersection of ancient cultural traditions and contemporary intellectual currents. The city of
Strategically situated between the
It was here that the British chose to set up their military base and the
Sharjah has beautiful beaches on the shores of the Arabian Gulf in the West, the
AJMAN
The Emirate of Ajman is situated on the coast of the
UMM AL-QAIWAIN
Umm al-Qaiwain is situated between
Umm al-Qaiwain's attraction lies in its long clean beaches, an enclosed lagoon and public horse riding stables. Located 50 Km south of Umm Al Qaiwain is Falaj Al Mulla, the agricultural part of the Emirate.
RAS AL-KHAIMAH
Ras al-Khaimah is the northern most emirate of the UAE. It’s history extends into antiquity. Archeological excavations reveal that a settlement with an advanced civilization that carried on trade with the Indian sub-continent existed in this region. Later historical records cite that the town of
The traditional occupations of this emirate are mainly fishing, trading and agriculture which have been heavily modernized to meet the demands of the UAE's economy. Fruits, vegetables, milk; poultry are supplied to the other emirates from here.
The sea around Ras al-Khaimah abounds in tuna fish. The mountains have enabled the set up of stone quarries and a cement factory. Also the oilfield of Saleh, has boosted up the revenues of the emirate.
Mina Saqr, located next to the town of
The Hajar mountain range that divides the UAE in two, from Ras al-Khaimah to Al Ain has kept
The Fujairah port is an important port for container liners and for the world's largest livestock shipping companies which have set up their main holding station for sheep and cattle for the entire
Its clean beaches, the numerous water sports like swimming, yachting, water surfing and deep sea fishing attract tourists all round the year. The