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A new initiative launched by the UAE caters to the needs of sailors and seafarers, and those working in the maritime sector, by improving their working conditions and quality of life, and helping them overcome challenges they face due to the pandemic and travel restrictions.
Introduced by the UAE Ministry of Energy and Infrastructure in conjunction with the Day of the Seafarer, the ‘Salmeen’ initiative aims for the betterment of the comfort and safety of people employed in the maritime sector - one of the pillars of the UAE economy and vital to the country’s position as a key logistics hub, connecting global shipping lines and receiving over 21,000 ships annually.
The ministry added that more than 27,000 local and international maritime companies work in the UAE, with more than 17 million containers handled at the country’ ports each year - achievements that “would not have been possible without the dedication of thousands of seafarers who arrive in the UAE waters on ships from all over the world”.
The ministry said it is presenting a framework to provide seafarers comprehensive support, the impact of which will extend beyond the UAE to other parts of the world linked by the shipping sector.
The key aspects of the initiative include “enhanced medical care, maritime education, training to build professional capabilities, as well as identifying and removing physical and social obstacles through effective cooperation between the public and private sectors”.
“This promotes the idea of empowering our ‘Blue Army’, which aims to enhance the impact of qualified seafarers in the industry, to inspire the younger generations,” said the ministry.
The Salmeen initiative will also make “all ship owners and maritime organisations responsible for supporting seafarers and providing them with full protection”. The ministry has put in place an ongoing monitoring system to ensure the implementation of its laws and initiatives, said Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure
“When we talk about the UAE’s shipping sector, we must recognise the influential role the country plays in the global maritime industry. The UAE is one of the best maritime hubs globally. Therefore, we introduce initiatives, laws and legislations that can develop the sector based on best practices, while taking care of the seafarer community, who are key pillars of this industry, and help them overcome the challenges they face while performing their work,” Al Mazrouei said.
A very prosperous city, Abu Dhabi has gained a reputation for being an attractive location for investors and business owners due to the many schemes the government has implemented in order to ensure a thriving business environment. Whilst it is known that the city is a good place to conduct business, company owners should know where are the best places to set up and operate from. As such, we have compiled a list of the top 5 areas in Abu Dhabi to rent an office.
Abu Dhabi Corniche
A popular place to live and work, Abu Dhabi Corniche is one of the busiest commercial areas in Abu Dhabi, being a key business and cultural hub of the city. Primarily centered around the 8km Corniche Road, means that there are many lovely restaurants and cafes as well as a wide range of amenities, including gyms, malls, supermarkets. Its strategic location in the centre of the city, means offices in this area have easy access and are in close proximity to other key business areas throughout the city, including Al Markaziyah West, one of the busiest commercial streets of Abu Dhabi and Al Khalidiyah, the cultural hub of the city. Many of the offices within this area feature beautiful sea views, or overlook luscious green parks making them very pleasant and desirable places to work. The fact that there are many office buildings in the area, make the prices highly competitive allowing companies to get more value for money for their business space.
Whilst a bit further away from the main hub of Abu Dhabi City, Al muroor contains a wide mix of both commercial and residential properties, including an extensive portfolio of office spaces. Centered around the key street , which is lined with a wide range of amenities, including restaurants, shops, and other retail units.
It is ideally located between Downtown Abu Dhabi, and the Embassies District, and close to the popular areas of Al Nahyan, Al Etihad, and Al Bateen. One side of Al Muroor consists of many large high rise towers, whilst the other end features several communities of spacious villas which are popular with families.
Al Reem Island
Due to the high demand for commercial property in the area, office prices are somewhat higher than other areas in Abu Dhabi.
With that being said, this freehold area is becoming an increasingly sought after destination for business, due to it being one of the fastest developing neighbourhoods in Abu Dhabi, as well as its popularity as a residential area. The area is likely to only gain in popularity, due to a number of new developments and upcoming projects.
Although located on its own island, the area is easily accessible by car, with it being connected to Abu Dhabi’s main highway, meaning it is a convenient area to commute to.
Electra Street is known as an area of the city that never sleeps. Whilst one of the oldest places in Abu Dhabi, it has made a name for itself for being home to a large and thriving electronics market. It sits at the heart of the city with great accessibility to exceptional facilities., including shops, supermarkets and plenty of other amenities that your business and employees will appreciate.
Hamdan Street is one of the busiest commercial areas of Abu Dhabi, strategically located in the centre of Abu Dhabi, it is one of the oldest and most established areas of the city.
Known for its retail hubs and commercial buildings, Hamdan Street has proven to be popular for business owners to base their companies.
Running parallel to the Corniche, it is close to many of Abu Dhabi’s residential areas, as well as Marina Mall, World Trade Centre Mall, Qasr al-Hosn, the key retail, business, and cultural hubs of the city.
If you are looking to rent out an office in Abu Dhabi, contact us today to arrange a free consultation, where we will discuss your company’s needs, and find the best space and location for you to lease.
Golden and silver visas are more popular among foreign investors, entrepreneurs and high-net-worth individuals (HNWIs) as they want to be part of the success of the emirate in the post-pandemic era, experts say.
Industry specialists and business consultancies said recent visa reforms offer several options to foreign investors and individuals seeking freelance work permits in the UAE.
"Investors are keen to capitalise on opportunities and get visas which serve their interests within their budgets. Dubai has emerged as an economic powerhouse or an international business hub after its successful strategy to contain the Covid-19 pandemic," they said.
Available visa options
Industry experts said there are several options available to secure residency permits in the UAE, but the top three categories include golden, silver and retirement visas.
In addition, a Dubai investor visa or a partner visa is available to those who are keen to invest Dh1 million or more in a single residential property with the condition that a maximum of 50 per cent of the property value should be under mortgage with the bank.
Moreover, investors who have invested in the UAE or have started a business in Dubai’s mainland or free zone can also be eligible to apply for the investor visa.
"The minimum capital requirement as an investor in a company would be buying shares in an existing company worth at least Dh72,000 or establishing a company with a capital investment worth the same amount," according to an industry expert.
Golden and silver visas are top choices
Pratik Rawal, managing partner, Ascent Partners, said golden visa is more popular among the investors who are keen to make long-term investments in Dubai.
"Golden visa with 10-year validity is in demand as it gives expatriates freedom to enter Dubai without any conditions, and they can stay outside the country for more than six months. Investors prefer to secure long-term visa against their investment and golden visa serves this purpose," Rawal told Khaleej Times on Friday.
Reforms generate interest
Fadi Rizkallah, general manager at Freedom2Work.com, said the recent visa reforms has generated much interest among investors, entrepreneurs and HNWIs.
He said millionaires and HNWIs prefer to avail long-term validity of golden visa with its other key features such as no requirement for an employment sponsor, ability to sponsor family members, including spouse and children, and sponsoring domestic helpers.
"The silver visa, with five-year validity and minimum Dh2 million investments, is also in demand by small business owners and entrepreneurs," Rizkallah said.
"Investors, who are keen to be part of booming Dubai market, have shown interest in silver visa as it just requires Dh2 million investment in the residential sector to secure 5-year residency permit in the emirate," he said.
In reply to a question, he said there are several enquiries about green visa, but its eligibility criteria and other details are yet to come.
"As the green visa has not yet started so, we are unable to answer the enquiries, but it has generated interest among the investors," he said.
Under the recent visa and business reforms, the government has offered multiple options to those individuals who are keen to start freelance work in Dubai.
"Many freelancers, including photographers, bloggers, social media influencers and tutors, are given the ability to secure a freelancer visa. Dubai Creative Cluster took the initiative followed by Dubai Design District, Dubai Airport Free Zone Authority and Dubai Culture have given freelancers many options to choose a right visa to start freelance work in the emirate," Pratik said.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has affirmed the UAE's continuous, all-out support for Somali people to achieve their aspirations for development, stability, prosperity and building a better future for their people.
He made the remarks as he received Wednesday at Qasr Al Shati' Palace the President of the Federal Republic of Somalia, Hassan Sheikh Mohamud.
The UAE president welcomed the Somali leader's and congratulated him on assuming the presidency of Somalia, wishing him success in leading his country and achieving the ambitions of his people for stability, progress and peace.
The Somali president expressed his appreciation of the UAE's support for his country.
The meeting addressed the prospects to enhance cooperation between the two nations in various fields, especially in areas of development, with the two sides discussing the ongoing efforts to establish peace in Somalia.
Sheikh Mohamed reaffirmed the UAE's commitment to support the Somali people in their state-building efforts towards a future of peace and stability, stressing the UAE's keenness to strengthen the efforts made by the Somali government and state institutions in areas of construction, development and stability.
For his part, the Somali President said he is looking forward to working on developing cooperation between the UAE and Somalia across all fronts and to contribute to enhancing stability and security in the region.
The passes for Abu Dhabi's new summer campaign that showcases unique and memorable experiences to visitors has now gone live online.
The Abu Dhabi Summer Pass rounds up the top sights and experiences of the UAE capital in an all-access bundle, and is valid until August 31. To access the pass visitors have to go to summerpass.visitabudhabi.ae.
The pass is priced at Dh599 for adults and Dh499 for children between 4 and 17 years of age. Children aged three and below will get complimentary passes.
Pass holders can ride the roller coaster at Ferrari World Abu Dhabi, meet their favourite DC Superheroes at Warner Bros. WorldTM Abu Dhabi, and enjoy more than 40 rides and slides at Yas Waterworld Abu Dhabi.
The pass also includes a one-day visit to Louvre Abu Dhabi, as well as discounted access to 13 cultural landmarks and institutions across Abu Dhabi and Al Ain, including Qasr Al Hosn, House of Artisans, Qasr Al Watan, Al Ain Palace Museum, Al Jahili Fort, and Qasr Al Muwaiji.
The Abu Dhabi Summer Pass also covers complimentary transportation within the city on the Visit Abu Dhabi Shuttle Bus network and within Yas Island on the Yas Express.
Dubai: Today’s weather conditions will be hot and windy across the UAE.
According to the National Centre of Meteorology (NCM) the weather will be hot during daytime and partly cloudy becoming sunny in general. Expect some clouds to appear Eastward by afternoon.
The maximum temperatures in the internal regions of the country are expected to be between 44 and 49°C. Temperatures will reach highs of 42 to 46°C in the coastal areas and islands and 31 to 36°C at the mountains.
Yesterday’s highest temperature was recorded at 49.8°C in Hamim, Al Dhafra region at 3.15pm.
Expect light to moderate winds, freshening at times during daytime over the internal areas.
Winds in the direction from Southeasterly to Northwesterly will be at a speed of 15 – 25 km/h, reaching up to 35 km/h at times.
The sea will be relatively calm in the Arabian Gulf and Oman Sea.
Abu Dhabi Police have recovered the body of the 31-year-old Emirati man who drowned in the sea while swimming on Saturday evening.
Mohammed Aboud Al Kaabi drowned in the sea on Saturday evening, and his body has been missing since then, which was found at the beach of one of Abu Dhabi’s islands.
In a statement issued on Monday afternoon, the police said that the rescue operations had continued searching for the Emirati’s body since the time it went missing.
According to the force, Al Kaabi had travelled to one of the islands in Abu Dhabi on a cruise boat with friends. After arriving at the island, the group started their marine activities in the evening, including swimming and others.
The group was, however, shocked when they later noticed that Al Kaabi was missing. They immediately began searching for him and contacted Abu Dhabi Police, which took the necessary measures to search for him.
“We are saddened by the news of the death of my close friend Muhammad Aboud Al-Kaabi. May God have mercy on him,” one of Al Kaabi’s friends said in a local Arabic language newspaper.
“The deceased was a nice person, very friendly and with good morals. He respected everyone and had a good reputation in society. I pray that Allah forgives him for all his shortcomings, strengthens his family and grants them patience and solace in this trying moment.”
The number of listed board seats held by women in the UAE has more than doubled in the past two years, a new report has revealed.
According to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government (MBRSG), the UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 per cent), up from 3.5 perc ent in 2020.
The report, Non-executive Board Careers in the UAE: A Path to Gender Balance, which was sponsored by the Abu Dhabi National Oil Company (ADNOC), 77 of the 868 board seats from the 115 listed companies on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), are now held by women. The boost to women on boards in the UAE follows the Securities and Commodities Authority (SCA) setting a quota last year mandating all listed companies in the UAE to appoint at least one woman to their boards.
In a first-of-its-kind study undertaken in the GCC, the report interviewed 16 women with independent board directorships to understand key steps that aspiring women board directors can proactively take throughout their careers to reach non-executive board roles.
Diana Wilde, co-founder of Aurora50, said, “It is excellent to see such progress being made in boardrooms across the UAE, but we know there is a lot more that can be done to accelerate the pace of change. We hope this report will help women in the region to confidently make their way to the top. As one of the existing women board directors who was interviewed for this report said, ‘Women need to strategically plan the career they wish to have.’ If an aspiring woman does this, using our five-step plan, her timeline to become a non-executive board director, or NED, is just 10-15 years. While this is encouraging news for women, it is imperative for them to plan a board career early, to plan it well and with careful thought.”
“It is vital now that boards embracing greater diversity must also ensure they do so through inclusive leadership to reap the rewards of higher performance and profitability,” Wilde added.
Fatema Al Nuaimi, Chief Executive Officer for ADNOC LNG said: “ADNOC is committed to supporting gender balance and helping women develop, grow and excel in their careers, which is why we are proud to have collaborated with Aurora50. This important research provides us with better insight and actionable recommendations to further accelerate gender diversity on boards in support of the national gender balance agenda.”
Al Nuaimi is one of ADNOC Group’s three female chief executives. The energy company is committed to ensuring that at least one woman sits on the board of every ADNOC Group company by the end of 2022. Currently, 16 women sit on its 18 boards. ADNOC has its own gender balance committee and women’s leadership development programme and it was Aurora50’s first corporate client.
Dr Maryam Buti Alsuwaidi, Chief Executive Officer of UAE Capital Markets regulatory authority, the Securities and Commodities Authority (SCA), said, “I am delighted by the news that over two years, the market has seen a growth in the number of board seats held by women. Now 59.1 percent of listed companies have at least one woman board member, and 8.9 percent of all board members of listed companies being women.”
“The regulatory requirement of having at least one woman board member on each listed company’s board that SCA mandated a year ago has clearly had the desired positive impact, as it has in other countries that have set similar mandates. Norway and France, the world leaders in having women on corporate boards, both had set 40 percent quotas and have been successful in surpassing that target in the past two decades.”
“Gender diversity on boards positively impacts a company’s future success and profits by creating diversity of thought, while such inclusive leadership encourages more women to join, thrive and succeed in listed companies at all levels.”