The Abu Dhabi Department of Economic Development (ADDED) has cut business set-up fees by more than 90% to AED1,000 (US$272). Renewal fees have also been reduced to AED1,000, while federal fees will continue to apply. The new fees – announced on 25 July 2021 in an official release – have been effective since 27 July. The new regime, a bid to boost economic activity and increase investment, comes as the result of collaborative efforts involving multiple government entities, including the Abu Dhabi Chamber of Commerce and Industry, led by ADDED. According to the ADDED statement, the single fee includes six activities within the business licence and will cover all relevant fees from ADDED, the Department of Municipalities and Transport, membership fees for Abu Dhabi Chamber of Commerce and Industry, Certificate of Conformity issuance fees, and fees required by Abu Dhabi regulating entities dependent on the type of business. Some fees have also been removed entirely, while others have been considerably reduced. Overall, it is believed that the introduction of a fixed fee should cut costs, increase transparency and reduce administration for investors.
Ahead of its historic listing on NASDAQ New York via proposed merger with Vistas Media Acquisition Company, a special purpose acquisition company (NASDAQ:VMAC) Anghami, the Middle East and North Africa’s largest music platform, announced today the launch of an innovative entertainment venue named “Anghami Lab” in the heart of Dubai to be followed by KSA’s vibrant capital Riyadh and other major cities. Anghami has partnered with Addmind (“Addmind”), the region’s market leader in hospitality, operating nine leading brands such as White, Iris, Clap across Dubai, Abu Dhabi, Beirut, Qatar and London, to launch the new concept. Anghami Lab will be the first to combine both online and offline worlds, bridging digital and traditional entertainment. The venue will feature a Lounge, Stageand Studio where creators can experiment by co-creating music inspired by both Arabic and international cultures to be performed in the venue. The resulting music will be made available exclusively on Anghami. The app itself will provide unique features complementing both experiences. The cuisine served at AnghamiLab will be a fusion of Arabic and International recipes, embodying the essence of Anghami and providing an international taste with an Arabic flavor. Eddy Maroun, co-founder and CEO of Anghami, commented: “We are excited...
BK Manu was elected Secretary, Samindra was elected Joint Secretary, Talib was elected President, Bridget was elected Vice President and Ajitha Rajendran was elected Treasurer. Sharjah – United Arab Emirates, First Published Aug 2, 2021, 11:22 AM IST Sharjah: Comrade Madhavan Padi Nagar Senior Leader Premarajan Nittoor inaugurated the annual delegates meeting of Mass Sharjah, the cultural face of Sharjah, Ajman and Umm Al Quwain emirates. The conference elected BK Manu as secretary, Samindran as joint secretary, Taliban as president, Brijesh as vice president and Ajitha Rajendran as treasurer. A 21-member Central Executive and a 75-member Central Committee were elected, which included the subcommittees on Arts, Literature, Women, Balavedi, Sports, Charity and Public Relations. Last Updated Aug 2, 2021 11:22 AM IST . Share this:
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Business environment in the emirate has significantly improved, as new licences surpassed pre-pandemic levels to a record 31,000 in the first half of 2021 The rapid response of the Dubai government and its adaptive measures to contain the Covid-19 pandemic have enabled the emirate to maintain its robust economic growth, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has said. The decision to roll out “new strategic approaches” and amending policies to accelerate economic growth have also helped Dubai to bounce back, Sheikh Hamdan, who is also chairman of the Executive Council, said in a Dubai Media Office statement. A reduction in the cost of doing business and economic stimulus packages to save lives and livelihoods boosted investor confidence in the resilience of the emirate’s economy, he said to mark the launch of the Business Registration Report on Sunday. The strong growth of the business sector reflects “Dubai’s ability to transform challenges into achievements”, Sheikh Hamdan said, adding that the vision of the emirate’s leader has enabled it to overcome the repercussions of Covid-19 and “reinforce its status as a global hub and the world’s best place to live and work”. Read full article