Start-up group seeks to be hub of activity


  • English
  • Arabic

DUBAI // Social entrepreneurs will be able to join a global venture providing office space and access to like-minded colleagues when the The Hub opens in Dubai this year.

The Hub, a popular start-up support group, already has about two dozen branches from San Francisco to Johannesburg. The organisation provides office space, resources, connections, knowledge, experience and investment for entrepreneurs involved in community-focused schemes, such as educational projects.

Members pay fees depending on the amount of time - from one day to one year - they work from a Hub office. Subscriptions are available, and members can also pay by the hour.

Established centres help set up new ones, and The HubUAE has received support from the branches in Zurich, Amsterdam, London and Mumbai.

Najla al Midfa, Marwan Chaar, Aman Merchant and Habib al Assaad, who formed The Hub UAE, say they want to stimulate entrepreneurs by introducing community-minded goals.

"It's the place for people with ideas," Mr Assaad said.

"It combines the best of a business incubator, co-working space, think tank, members' club and innovation agency to create a different kind of innovation environment."

Last year, Masood Razaq founded Goodgate, an online philanthropy portal to help people find charities and non-governmental organisations across the Muslim world. He plans to join The HubUAE.

"I think it's a good idea, because it's not only about the physical place, but it's also about the community," he said. In this part of the world, he added, "there's nothing like that; it's always good to be co-located, and bringing people together in one community is very valuable."

Tamer Nahas decided to join The HubUAE because his company needs sound advice, as well as financial support. He is the founder of BoldTalks, which organises events that include wide-ranging discussions designed to stimulate thought. Talks include subjects such as health, culture and psychology, but avoid politics and religion.

"The entire concept supports these up-and-coming entrepreneurs with vision who don't have millions of dirhams as capital," he said. "I go through the same process to set up my business as big companies, but it's easier for them because they have a PR team, whereas I am an individual with a smaller capital."

Zeyna al Jabri established Buzoor three years ago to promote Arabic reading among children by distributing books at schools and setting up Arabic libraries. Her office will move from Al Barsha in Dubai once The HubUAE opens.

"Working alone can be very detached from anything other than what you're doing inside your office," she said. "The Hub offers that opportunity to network by providing synergies with other people going through the same things as you."

Another social entrepreneur planning to set up shot in The Hub UAE is Nabila Usman. She teaches basic business skills to unemployed people who want to start a business.

"It's aligned and specialised with social entrepreneurship, which is the right place for me to be in," Ms Usman said of The Hub. "Its core focus is very much relevant to what I'm trying to do. The kind of people I'll meet there will help me, and I can help them. I'm really excited for its opening."

Indian construction workers stranded in Ajman with unpaid dues
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

UAE currency: the story behind the money in your pockets
MATCH INFO

Norwich 0

Watford 2 (Deulofeu 2', Gray 52')

Red card: Christian Kabasele (WatforD)

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900