All existing alcohol licence holders in Dubai will need new updated cards in September. Reem Mohammed / The National
All existing alcohol licence holders in Dubai will need new updated cards in September. Reem Mohammed / The National
All existing alcohol licence holders in Dubai will need new updated cards in September. Reem Mohammed / The National
All existing alcohol licence holders in Dubai will need new updated cards in September. Reem Mohammed / The National

Economy ministry to implement flexible package to support growth


Jennifer Gnana
  • English
  • Arabic

The UAE ministry of economy is poised to implement a “flexible package and general plan” to support the country’s economy.

The plan, which will be implemented in three phases includes 33 major initiatives focusing on development of sectors, support for labor market, stimulation of trade, enhanced flexibility of financing activities, increased productivity, support for digital transformation, acceleration of green economy growth and enhanced food security, the ministry said in a statement.

Global developments in the fields of health and economy, the UAE's openness to global markets as well as forecasts on various sectors, including energy will form part of the plan.

"The economic plan’s scope focuses on developing policies and initiatives, thereby aiding the transition of the economy to a more flexible and sustainable model, especially in the final stages of the plan’s implementation,” said economy minister Abdulla bin Touq Al Marri.

"During this stage, intensified digital transformation and investments in future industries and advanced technological applications in the business sector in the country will be encouraged,” he added.

The government of Dubai last month announced Dh1.5 billion worth of economic measures for non-free zone companies in the emirate, raising the total value of stimulus packages so far to Dh6.3bn.

The Central Bank of the UAE also rolled out a comprehensive Dh100bn economic stimulus package in March to offset the impact of the coronavirus pandemic.

The latest package being considered by the ministry of economy will include policies undertaken at the federal and local levels and aligning them with national strategies and priorities.

Reviving trade, enhancing flexibility fo financing activities through sustainable incentive measures as well as increasing productivity by exploring opportunities for investment are among the "axes of change" identified under the plan.

EXPATS
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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
UAE currency: the story behind the money in your pockets