Category Archives: Business & Investments

Business & Investments

Sub-Saharan Africa’s Automotive Aftermarket Poised for Decade of Growth, Says New Report

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Dubai, UAE:  Sub Sharan Africa’s automotive aftermarket is poised for 10 years of growth with more workshops and franchises, according to a new report which recommends industry players track emerging opportunities on the continent and move fast to seize first mover advantage.

The report, by German consultants africon GmbH, was commissioned by Messe Frankfurt Middle East organisers of Automechanika Dubai – the largest international trade show for the automotive aftermarket industry in the wider Middle East and Africa, which will run at the Dubai World Trade Centre from November 22-24 this year.

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Business & Investments

Outsized launches Talent Pool feature in the MENA region for companies to tap talent and create new capabilities

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Outsized launches Talent Pool feature in the MENA region for companies to tap talent and create new capabilities

The new product feature allows organisations to get ahead of their capability curve and have access to talent “ahead of demand” to service current and future requirement for project-based work

03 October 2022, Dubai, UAE — Companies often struggle with chronic skills shortages, not least in the MENA region. In fact, nearly 2 in 3 consulting firms are short-staffed and even delaying revenue (i.e., delaying projects) by up to 20% of the time after winning a contract because of a lack of skilled internal talent with adequate experience at the time they need them.

To combat this scenario faced by multiple organizations across the globe, the talent-on-demand platform Outsized, has announced the launch of Talent Pool. This is a product feature that helps enterprises visualize and have access to an “always-on” talent pool via a dashboard to quickly be able to deploy skilled, pre-vetted, resources. Through Outsized’s Talent Pool, their clients can have experts join or lead projects in days, not months.

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Business & Investments

UAE’s 652,885 private sector companies remain under-prepared for Corporate Tax that comes into effect in June 2023

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UAE’s 652,885 private sector companies remain under-prepared for Corporate Tax that comes into effect in June 2023

Businesses should start internal preparation – including book-keeping and accounting – that will be crucial for external audit and tax filing from next year

News Highlights:

  1. The UAE has more than 665,246 active businesses registered with various licensing authorities including 45 free economic zones;
  • The total number of registered active business licences in July 2022 amounted to 665,246, a 1.9 percent increase compared to 652,885 licences issued in December 2019, according to the UAE’s National Economic Register (NER);
  • About 80-85 percent of the 665,246 registered active businesses fall under the Micro, Small and Medium Enterprises (MSME) and remain below the mandatory VAT threshold of Dh375,000 annual net profit range;
  • Most UAE businesses are not yet ready for the 9 percent Corporate Tax that will be levied on companies generating more than Dh375,000 net profit per year from June 2023.
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Business & Investments

U.S. FIRM GECKO ROBOTICS SET TO ESTABLISH INTERNATIONAL HQ AND CREATE 300 ADVANCED TECHNOLOGY JOBS IN UAE

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U.S. FIRM GECKO ROBOTICS SET TO ESTABLISH INTERNATIONAL HQ AND CREATE 300 ADVANCED TECHNOLOGY JOBS IN UAE

“Our industrial base seeks to integrate Fourth Industrial revolution tools to improve efficiencies and boost productivity, and Gecko Robotics will be a key partner on that journey” – HE Dr Thani Al Zeyoudi

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Business & Investments

UAE DELEGATION VISITS CUTTING-EDGE INDUSTRIAL WORKSPACE MILL 19 TO EXPLORE CROSS-BORDER MANUFACTURING OPPORTUNITIES

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UAE DELEGATION VISITS CUTTING-EDGE INDUSTRIAL WORKSPACE MILL 19 TO EXPLORE CROSS-BORDER MANUFACTURING OPPORTUNITIES

Pittsburgh, PA, United States of America – September 30, 2022: A high-level delegation of government and industry leaders from the United Arab Emirates today attended an exclusive site visit to Mill 19, a leading industrial and innovation hub in the City of Pittsburgh, on the final day of the inaugural US edition of the Global Manufacturing and Industrialisation Summit (GMIS America).

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