9 months ago
Entrepreneur Ivan Kroshnyi has learnt some valuable financial lessons since setting up his first computer and office supply business in Ukraine at the age of 16. While the business made him a millionaire by the time he was 18, his partner stole the company’s money and disappeared. Now 33, Mr Kroshnyi says the experience was difficult but it helped him to understand the importance of partnership agreements. “It was a good experience for me; it made me smarter, and I started another business and then another one,” says Mr Kroshnyi. The Ukrainian multimillionaire moved to Dubai in 2021 and is an investor in the Roasters Specialty Coffee House chain, which has five branches in the city, with plans to open more this year. He is also the founder of Eco Way, a Dubai-based business that aims to transform last-mile food and small parcel delivery services with long-range electric bikes that are equipped with swappable battery technology. With a diversified investment portfolio worth about $20 million, Mr Kroshnyi says he lives a comfortable life but doesn’t waste his money on expensive brands or cars. What was your first job and how much did you earn? I started my business in Ukraine 17 years ago, when I was 16. […]
9 months ago
It’s a veritable train wreck. Keeping in line with the Chilean leadership’s new focus on “gender equality” and President Gabriel Boric’s goal of creating a “feminist government,” the nation has fielded an eight member all women’s team at the annual UAE SWAT Challenge in Dubai. The international competition is meant to give elite police forces from around the world a chance to test their mettle and receive recognition. Unfortunately for Chile, most countries organized their teams around merit instead of equity and woke ideology; this has put Chile at a distinct disadvantage. The South American nation set out to send a message about gender inclusivity while other more selfish countries set out to win. The women’s group, hand picked from a variety of police departments, debuted in high spirits but were quickly thwarted by the competition’s obstacle course. Specifically, the zip line and the pool… Criminals beware, unless you have a zip line handy. The female team faced the daunting challenge with some interesting strategies, which included cheating, with one team member trying to drag the other women across the zip line on foot. They also dropped their firearms into the water below, perhaps to make themselves lighter and faster. The […]
9 months ago
Emirates has taken the final step in the restoration of its Australia capacity announcing its return to Adelaide. A daily service will relaunch between the South Australia capital and the airline’s Dubai hub on October 28, 2024. The reinstated service will facilitate the growing travel demand to and from South Australia and allow passengers to travel conveniently between more than 140 destinations across Emirates’ global network. Emirates announces flights to Adelaide, Australia Emirates first launched its Adelaide services in 2012 and carried more than 165,000 passengers between Dubai and Adelaide in 2019. By December 1, when Emirates also reinstates its second daily service to Perth, the airline will offer 77 weekly flights from Australia with the ability to transport 68,000 passengers per week to and from Australia, returning to its pre-pandemic capacity. The airline’s return is a major milestone for South Australia’s pandemic recovery. The tourism expenditure of daily direct non-stop Emirates’ flights is estimated by South Australian Tourism Commission to generate more than $62m per year and create in excess of 315 full-time equivalent tourism-related jobs for South Australians. Each flight will also offer 14 tonnes of cargo space, totalling 196 tonnes weekly between Dubai and Adelaide. The value of freight […]
9 months ago
During inspections conducted by human resource ministry, 1,077 private companies were caught faking Emiratisation in the UAE since the second half of 2022. The authority penalised these firms which hired 1,818 citizens who were proven to have violated Emiratisation laws by attempting to overcome targets by hiring Emiratis illegally. Emiratisation is considered fake when it is confirmed that a UAE national works in a nominal job without real tasks to meet the establishment’s required Emiratisation targets and/or when an Emirati is rehired in the same establishment to circumvent data and benefits from the relevant benefits of Emiratisation. Companies indulging in bogus Emiratisation are penalised for their violations. Besides imposing financial penalties, violating companies are downgraded to the lowest category within the classification system of private sector establishments registered with the ministry. This step comes with several consequences for private companies, including higher fees for Mohre services. Actions taken against violating companies go up to a hefty fine of Dh20,000 to Dh100,000 fine for each case. Referral to the Public Prosecution is based on the severance of the violation. MoHRE reiterated that fake Emiratisation is a clear violation of Emiratisation-related decisions and the regulations of the Nafis programme. Any violations related […]
9 months ago
A federal law to combat cheating in examinations stipulates fines of up to AED 200,000. The penalty is imposed on anyone other than a student who commits any of three acts before, during, or after the exams. These are: Print, publish, promote, transmit, or leak information related to questions, answers, or examination content by any means; modify answers or the grades awarded; and impersonate a student to take the exam in his/her place. The law was among 73 federal legislations across various sectors passed last year. “Anyone other than a student who participates or contributes as an original perpetrator or partner in causing … the commission of any of the acts stipulated (above) … with his knowledge shall be punished with the same penalty,” the law on combating cheating and disruption of the examination system states. If convicted, the perpetrator may be ordered to do community service for up to six months — either as an added penalty or in place of the fine. If a student is caught cheating, disciplinary procedures will be initiated. These will be in line with conduct rules and regulations in force at the Ministry of Education, educational authorities in each Emirate, and educational institutions. […]
9 months ago
The UAE is clamping down on illegal recruitment activity and warns of fines of up to $272,000 against firms operating without a licence. The Ministry of Human Resources and Emiratisation (MoHRE) has detected 55 entities engaging in recruitment and mediation activities without obtaining the required permits from the Ministry in 2023, including five social media accounts that were identified in collaboration with the Telecommunications and Digital Government Regulatory Authority (TDRA). The UAE Ministry imposed administrative penalties on the violators, including fines, restrictions in the Ministry’s records, and referral to the Public Prosecution, while the violating social media accounts were blocked. UAE recruitment warning The Federal Decree-Law Regarding the Regulation of Employment Relationships prohibits recruitment or temporary employment of domestic workers without a permit from the Ministry. The law states that violators could face no less than a year’s imprisonment and/or fines ranging from AED200,000 ($43,400) to AED1m ($272,300). Khalil Al Khoori, Undersecretary for Human Resources Affairs at MoHRE, said: “Legislation prohibits engaging in recruitment and mediation activities without obtaining the required permits from the Ministry of Human Resources and Emiratisation, in line with the procedures and conditions outlined in the Federal Decree-Law Regarding the Regulation of Employment Relationships, its Executive Regulations, and […]
9 months ago
The UAE has launched guidelines to govern flexible working patterns in the country. The Federal Authority for Government Human Resources (FAHR) launched the General Framework for Employment Patterns and Flexible Work Types in Federal Government, which was approved by a Cabinet decision. This framework includes details of employment patterns and work types approved at the federal government level, based on the Human Resources Law in the Federal Government and its executive regulations. Flexible work in the UAE Approved flexible work conditions include: FAHR stressed that the framework serves the UAE’s strategy towards the governance of future work requirements and ensures business continuity and performance of tasks throughout working days and official working hours in federal entities. Additionally, it aims to bolster the efficiency and effectiveness of functional and institutional performance, while facilitating the attraction and retention of skilled individuals through the flexibility afforded by Human Resources Legislation in the federal government. This framework is a qualitative addition that enhances proactive measures, the ability to adapt, and the flexibility of Human Resources Legislation in the federal government. It also supports the future directions of the UAE and the objectives of the “We the UAE 2031” vision, which focuses on building the most pioneering and […]
9 months ago
A massive security breach was narrowly avoided in India as passengers from a Dubai flight were dropped off at the domestic terminal. On Monday, a group of flyers on an Air Vistara flight to Mumbai were “erroneously” taken to the domestic terminal, bypassing customs and immigration clearance, according to the airline. “Few of our customers, arriving from Dubai to Mumbai on Vistara flight UK 202 on February 4, were erroneously taken to domestic arrivals instead of international arrivals,” a spokesperson said in a statement. A Dubai resident who was on the plane said the incident took place because of human error. “When we arrived in Mumbai, the stairs were offered instead of the aerobridge,” said Vinay RS. “Three shuttle buses were deployed and two out of those took us to the domestic arrival gate.” He said that once the passengers walked into the terminal, they noticed that they were at the baggage claim. “We usually get the luggage only after immigration,” he said. “So the passengers understood that there was some mistake and immediately alerted the authorities.” Once they realised that there had been an error, officials, including those of the Central Industrial Security Force (CISF), tried to rectify it. […]
9 months ago
Dubai’s flagship boat show, the Dubai International Boat Show (DIBS), is gearing up for its highly anticipated 30th edition next month at Dubai Harbour. Organisers have revealed ambitious plans for the largest showcase yet when the event runs from February 28 to March 3. Over 200 boats are expected to be on display at DIBS 2024 alongside participation from more than 1,000 marine brands. Major players like Gulf Craft and Sunreef Yachts have already confirmed their involvement. “I am pleased to announce our participation in the 30th edition of the Dubai International Boat Show,” said Gulf Craft Chairman Mohamed Alshaali. “We look forward to presenting our latest vessels, embodying innovation, and maritime excellence.” Sunreef Yachts Founder & President Francis Lapp added the company was “pushing the electric transition forward” by showcasing its range of electric catamarans at DIBS, including the all-electric Sunreef Power Eco 80. “We want to promote a cleaner boating experience and the DIBS is a wonderful opportunity to do so.” Organisers at the Dubai World Trade Centre are promising the most extensive DIBS programme yet aligned with Dubai’s growth as a global maritime hub. “Dubai attracts more interest as it expands its yachting amenities and offerings, creating a […]
9 months ago
A UAE authority has taken action against 55 entities, including 5 social media accounts for engaging in illegal recruitment and mediation activities without obtaining the required permits from the ministry in 2023. The Ministry of Human Resources and Emiratisation imposed penalties on violators, including fines, restrictions in the ministry’s records, and referral to the Public Prosecution. The social media accounts were blocked. The country’s law prohibits recruitment or temporary employment of domestic workers without a permit from the ministry. Violators can face up to no less than a year’s jail time and fines ranging from Dh200,000 to Dh1 million. Khalil Al Khoori, Undersecretary for Human Resources Affairs at MoHRE, said: “The Ministry is committed to enforcing legal measures and penalties against any company proven to be involved in such activities without proper licensing.” The ministry’s inspection systems track promotional and advertising campaigns circulated on social media, or any other platform, to identify potential violations in the job market. “The Ministry also carries out inspection visits to suspected companies to flag unlawful practices and refer cases of violation to the Public Prosecution,” added Khalil Al Khoori. Residents have been advised to verify that entities advertising employment or mediation services have obtained […]