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Key Facts: Law about New Data Protection released by Dubai’s DIFC

Key Facts: Law about New Data Protection released by Dubai’s DIFC A new law about data protection has been issued by the Dubai International Financial Centre (DIFC), that will be coming into effect from the 11th of July, 2020. The Dubai International Financial Centre (DIFC)’s current regime revolving around security, privacy and data will enhance[...]

The Effects of COVID-19 on Impairments, Financial Instruments and Events

The Effects of COVID-19 on Impairments, Financial Instruments, and Events Across the world, the impact of the virus has finally started to affect financial statements. In this Blog, we will discuss these effects and talk about adjusting impairments, events, and financial statements. COVID-19 has severely damaged the economy and markets around the world. As a[...]

Commercial Compliance Manual issued by Dubai Economy for Merchants

Commercial Compliance Manual issued by Dubai Economy for Merchants The CCCP; Commercial Compliance & Consumer Protection sector in Dubai Economy has recently released the Commercial Compliance Manual in an effort to ensure competitiveness and the best practices across the emirate for business activities. This manual emphasizes on five main elements that are to be followed[...]

5 Best Techniques of Funds Management

5 Best Techniques to Get Your Finances under Control – the Ultimate Short Guide What could be a better time than a global recession to get your money sorted? Staying ahead of your budget is important but you have to start from somewhere, right? You know of the ABC’s of managing your investments, of course,[...]

Busines Cashflows Management

Emerging Funds – What You Need to Know “Save money and money will save you.” This just means setting aside a certain amount of funds that you can tap into afterwards in emergency situations either by saving money from your salary or business (if you’re a businessman) or outsourcing your non-core business activities. It could[...]

15% VAT to be charged on E-Commerce imported goods in Saudi Arabia

15% VAT to be charged on E-Commerce imported goods in Saudi Arabia Saudi Arab has confirmed that VAT on imports will have to be implemented if consignment reaches after the 1st of July. It has been confirmed by the Saudi Customs, that transactions of imported goods from outside Saudi Arabia, through e-commerce will be subjected[...]

CSR Program launched by Dubai Chamber to help SMEs in the Emirate

CSR Program launched by Dubai Chamber to help SMEs in the Emirate Professional resources and advice will be offered according to tailored needs by pairing large companies with SMEs. The Business Mentoring and Support Program (BMS), has been launched by the Dubai Chamber of Commerce and Industry. This is a CSR initiative meant to help[...]

Bookkeeping – Outsource or In-house?

Handling your Bookkeeping: Should you Outsource or Learn the Skill? The decision to go for DIY or outsourced solutions is one every business has to often deal with. Small businesses find it more difficult to outsource bookkeeping since they have to consider saving to the last penny. Having limited resources is their biggest challenge and[...]

Ten mistakes to avoid when writing a business plan

Ten mistakes to avoid when writing a business plan There are many factors to consider if you want a good business plan. Drafting a solid business plan takes time and patience. It is a process of refining ideas that are affected by the forever changing business world. Rushing the process is your worst enemy. In[...]

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