How Entrepreneurs Are Driving UAE’s Economic Growth Post-Pandemic?

December 28, 2021

There is no denying the fact that almost every major economy in the world was adversely affected by the pandemic. The world’s major financial capitals, be it New York, London, Tokyo or Shanghai were reeling under the sheer destruction of the Coronavirus.

After almost being in the pandemic for the last two years, the world’s economy is slowly recovering. However, with new variants of the virus still causing worldwide destruction, going back to pre-pandemic times still remains a distant reality.

Different nations of the world reacted differently to taking measures that would help them get their economy back on track. In this regard, the country of UAE has been lauded for its proactive engagements towards addressing the problem at hand.

In this article, we explore why entrepreneurs are driving growth in the UAE in the post-pandemic period. Specifically, we explore five reasons why the UAE is emerging as a major center of the world’s financial power in the aftermath of the COVID-19 Pandemic.

The UAE Government’s Response to the Pandemic

It is no secret that the government of the UAE was one of the most proactive ones amongst all other nations. They realized that in order to build the region as one of the world’s financial capitals, it needed to create a safe and secure environment for businesses and professionals.

The following are some of the major steps that the UAE government took-

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It helped the suffering SME and MSME community by offering generous stimulus and financial aid packages to help them sustain their operations.
The government was quick to get in touch with the vaccine companies and ensure an adequate supply of the same for its populations.
COVID-19 Testing was made free to the residents of the country. This ensures speedy testing all through the length and breadth of the country.
The government understood that keeping its borders closed for a very long time was detrimental to the business community and hence opened them quickly.
There were mass disinfection and sanitation campaigns that ensured that the city and its ecosystem were cleaned and sanitized to limit the chances of virus spread.

All the above measures helped not only the local business community but also foreign corporations, professionals, and UAE’s thriving expat population.

Tax Benefits and Entrepreneurship: Is it Helpful?

Let us try to understand the tax benefits provided by the UAE by comparing it to the EU. Europe was badly hit by the pandemic. While there was recovery, businesses still reeled under the weight of high Corporate Taxes.

Take, for example, the average Corporate Tax in Europe which stands at 21.7%. This is incredibly high. When you compare the same with UAE, you realize why the world’s biggest corporations are moving to UAE. There is Zero Corporate Tax in UAE.

While there are some taxes levied in industry niches like banking, hotels, and oil, every other business is exempted from corporate taxes. It is best that you work and take help from a Dubai law firm to better understand how tax benefits work for foreign corporations.

Additionally, there is No Income Tax. The government has started levying 5% VAT on goods and services. However, almost all major financial publications point out that this has not been able to dent the pro-business impact or confidence of entrepreneurs in the UAE.

Emphasis on Innovation, Expertise, and Non-Energy Businesses

For the last decade, there has been a growing emphasis on moving away from energy resources in the nation of UAE. This has made them adopt pro-business policies for corporations that are working in tech, data, agriculture technology (agritech), green energy, cybersecurity, and more.

With the easy availability of funding and other resources, many leading tech entrepreneurs of the world have either moved to Dubai or are in the process of making a transition. With several lifestyle choices, entertainment options, and a secular outlook, UAE is emerging as a major destination that attracts expats from all over the world.

According to the World Bank Report, UAE and its Emirate of Dubai have been ranked 11th in its ‘Ease of Doing Business Report’. This goes to show how hard the government and leaders have worked to reduce its dependency on fossil fuel energy sources.

The Final Takeaway

With the world’s economy experiencing the positive benefits of vaccination programs, nations are looking to bounce back from the disasters of the pandemic. You can say that UAE has got a head start when it comes to rebuilding the world’s economy in the post-pandemic period.

By working with expert legal professionals in UAE, you too can hope to jump on the growth story of UAE. If you have any questions on the topic which you would like us to address, please let us know in the comments below.

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Phantom of Heilbronn

The case exposed glaring problems in forensic science and what happens when biases taint an investigation. “The eyes are not responsible when the mind does the seeing.” — Publilius Syrus Fear compelled her heart to build up to a terrifying and deadly 100 mph crescendo… Shallow, rapid half gasps emanated from the 62-year-old widow as her skin turned a pallid blue… the Monster garroting her with steel wire from her kitchen. Slow… Fast! … Slow… Fast! … Slow. The hands of the Monster were possessed by the brute strength of a seasoned bare-knuckle boxer and the dexterity of an accomplished concert pianist — completely enveloped by fury spawned in the latter circles of hell. Fast! (and sustained as the widow squirmed, trying in vain to fight back) Lieselotte Schlenger expired on the floor of her beloved kitchen that day in 1993. Her death marked the opening of Pandora’s box that was the Phantom of Heilbronn case — though no one would realize this for another eight years. The Phantom of Heilbronn case exposed glaring problems in forensic science and what happens when universal cognitive biases taint an investigation — all wrapped up in a tale that rivals the best crime fiction. Like a malevolent Proteus in Greek mythology, the Phantom was a ghostly, shapeshifting boogeyman (or woman) terrorizing the populations of three countries. The Phantom changed and became lesser-known when (s)he was pursued by law enforcement. It would take more than mere mortals to catch this Monster. Law enforcement would have to use the best of science at the time, combined with questioning their own cognitive biases and the deepest logical connections between both forensic and behavioral evidence. That last part gets even harder when one of your own is assassinated while eating and the alt-right hurls itself — Nazi salutes first — into your investigation. The Scene and the Intervening Years The day before her murder, Schlenger emptied nearly all cash from her savings account — something very unusual for the normally frugal widow. Police found none of the money in her home. Though 1993 did not yet see the wide use of DNA, officers did manage to take a sample from Schlenger’s house — that of an unknown female — from Schlenger’s coffee cup. With that unfortunate lack of proper technology, the sample was cataloged and forgotten about. The case soon went cold. Joseph Walzenbach: March 26, 2001 Joseph Walzenbach was a 61-year-old antique dealer from the town of Freiburg (population 230,241) — almost 300 km and three hours from the first scene eight years earlier at Idar-Obserstein. He had been savagely beaten with an undetermined blunt object and strangled with a belt. Like the Schlenger case, cash had been taken from the Walzenbach crime scheme. The same unknown female DNA found at the Schlenger scene was found on a drawer at the Walzenbach scene. These clues gave the investigators the idea of a murderous female robber. That is until they realized their series — this crime spree — was far from over. Gerolstein, Germany — the Playground and the Junkie’s Needle: October 2001 On October 24, 2001, a child stepped on a syringe containing heroin near a playground in the city of Gerolstein, Germany (population 7520, Gerolstein is about 363km — a little over four hours — north of Freiburg). Heroin was a big problem in this area of Germany at the time, so the police cataloged the syringe and did little else with it — thinking it was yet another faceless junkie. This upset local parents to the point that they demanded a DNA test on the syringe. The test ended up finding the same unknown female DNA on the syringe that was found at the Schlenger and Walzenbach crime scenes. Police started building their profile from this point: a female double murderer who engages in criminality to fund her habit. Sounds simple, right? Logical? Predictable? Not so much. There is ZERO consistency to the Phantom’s behavior so far. Which makes it tough. A profile may be useful if it updates with new information — like anything else. Bayesian reasoning is essential here. Still, this story gets demonstrably weirder in every conceivable way. DNA Everywhere and not a Soul to Pin it on After the syringe at the Gerolstein playground, police began noticing the same unknown female DNA everywhere. Our Phantom DNA showed up in car and motorcycle thefts; “settling of scores” in Germany (more on this below), and at a dozen burglaries and attempted burglaries in Austria. She even took a bite out of a cookie during a breaking and entering in Budenheim, Germany (population 8534, and 86.9km or one hour and ten minutes from the 1993 Schlenger crime scene at Idar-Oberstein). Like the chameleon-like Proteus, the Phantom of Heilbronn seemed to shed her skin, face, and every shape as police gave chase. She thus earned the nickname, “the Woman Without a Face.” Still, we have not even begun to see the truth, compellingly weird in this case. The Vietnamese Precious Gemstone Traders: 2004 Arbois, France (population 3407 and about 500km, or five and a half hours, south of Gerolstein) was rocked to its core when a group of Vietnamese precious gemstone traders was brutally attacked by a gang of robbers. The robbers made off with about 3,000 Euros, jewelry, and gold bullion. The most interesting find — however — was a reproduction of a Beretta FS92 pistol. Once ran through both the French and German databases, the DNA of our unknown female master criminal was found on it. All four male robbers were arrested soon after the heist. None copped to the involvement of a female accomplice, even while under intense and protracted interrogation by French and German authorities. If you’re keeping track so far, that’s three countries our murderous, female, waif-like, junkie, cookie-loving, criminal mastermind has terrorized. She has also apparently scared several hardened street toughs into absolute silence about her existence. And she’s far from done. A Fuller Scope of the >>Read more
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Hemp Pre Rolls, what’s that?

In 2018, herbal hemp products containing less than 3 percent of THC became legal in the United States. That’s led to a boom in products like CBD oil, which boast soothing psychological effects, among other benefits. These advantages can be appreciated in many respects but CBD Pre Rolls from TIMBR Organics is one of the most unique. Hemp Pre Rolls, what’s that? They look like “joints,” but instead of weed, they are lined with hemp flowers. Any TIMBR Bioics Hemp Pre Roll will have the famous medicinal benefits of CBD, rather than making you big. This means TIMBR Organics Hemp Pre Rolls contain hemp in a raw state that is almost unprocessed. This gives them a variety of benefits relative to other hemp products for example a rich combination of cannabinoids, terpenes, and flavanoids, (also known as cannabis medicinal nutrients). TIMBR Organics has a range of flavors, labels that offer a comfortable glow of nostalgia for their Hanti Pre-rolls. Here’s a collapse: Special sauce: Earthy base and floral notes blend for immediate relief, which is great for an evening. Your Candy Space: An Oregon strain that blends the notes of fruit with earthy highlights and that is described as a dense bud and a colorful kaleidoscope.” “A night for movies,” or a good book for your favorite chair.” Suver Haze: Another Oregon strain, this one with its earthy roots and potent citrus overtones—so intense that Suver Haze recalls “the breezy summer day inhaling an orange grove.” Lifting: Lifter’s spiced earth taste notes and fast action are characterized by its strong concentration of cannabinoids and are equipped to maximize your daily pleasure if you love yourself at home or take part in a trip around town. Hawaiian Haze: That’s the word of the day with Hawaiian Haze, talk of upliftment. Double-H is tailored for every day that requires a little extra inspiration, Sativa supremacy, and floral, pineapple, and peach notes. Are CBD flowers safe to smoke? A study into cannabis approaches is underway, and owing to past legislation has in many ways just begun. However, most evidence available shows that smoking hemp or CBD would not cause any form of poisoning. The biggest concern is of course, whether there is any negative impact on the lungs for most CBD users who enjoy smoking. Smoking can naturally lead to respiratory problems, like marijuana. Although a promising report of 2007 indicated the likelihood of diminishing respiratory effects by inhaling vapor-like hemp in individuals using daily joints or flora. Therefore a hemp vaping system might be a feasible choice if you want to smoke hemp but would like to prevent real “smoke.” Can improve Bioavailability: When it comes to everything from drugs to supplements, bioavailability is a huge deal. This applies to how much a drug can potentially be used as it enters the bloodstream. Regardless of the product, supplement, or prescription you say, all these will lose a degree of bioavailability until they are administered into the blood directly intravenously. The reduction arises when another mechanism outside the circulatory system metabolizes what was just added. If you swallow a CBD tincture, for example, the CBD must move through the digestive system first before entering the circulatory system. At the time the CBD enters the blood, it may have metabolized part of it. CBD smoking can mean a quicker effect: Smoking is one of the safest forms of ingestion if you want to experience the symptoms of CBD more easily. Cannabinoid concentrations were at their highest in the bloodstream after a few minutes in the aforementioned cannabinoid pharmacokinetics research, meaning you can start to feel the results quite rapidly. Some tests have shown that inhaled CBD can begin to function within 15 minutes although it can take up to two hours to experience something in anything such as a comestible CBD drink. Learn more on the TIMBR organics website.
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About James River Capital

James River Capital is a Virginia-based alternative investment enterprise. Initially, the firm was only a department in Kidder, Peabody & Corp. After the purchase of Kidder, Paul Saunders and his partner bought the investment firm. Under their leadership, they restructured and rebranded the investment firm. The duo had the investment firm registered by SEC and CFTC. Through Paul Saunders’ leadership prowess, the investment advisory firm has had enormous returns since its establishment in 1995. The enterprise’s robust growth has seen it receive numerous recognitions such as the US Hedge Fund Award in 2014, Investors Choice Award, Invest Hedge Award, and Live Wire Winner Award. About Paul Saunders Paul Saunders, James River Capital’s co-initiator and CEO, is a graduate of the University of Virginia with a degree in Economics. Saunders also holds a University of Chicago’s MBA. According to Saunders, his choice towards an alternative investment career was motivated by the fact that the job offered him advancement based on merit rather than on progression. For over two decades, he has grown career-wise to become a respectable figure. The idea to establish the firm emerged while working at Kidder Peabody’s alternative asset department. Saunders has always had interests in starting his own business and avoiding bureaucracy associated with most international firms. Saunders and his partner bought off the alternative investment department and relocated its offices to Richmond, a warmer place for them. They then renamed the company James River Capital. A typical day for Paul Saunders starts with exercises and workouts, which he has observed throughout his lifetime. Workouts energize him throughout the day by giving him the appropriate mental state, hence becoming more productive throughout the day. Saunders then reports to work and starts his everyday chores that involve reading mails, zoom meetings with clients and business partners, and reviewing available private equity investments. Saunders’s experience in the field has enabled him to make the right decisions about his daily idea. His role as the overall decision-maker requires him to know how to bring good ideas into life. One of the most exciting trends for Paul Saunders is the possibility of having employees working remotely. Saunders is proud to have a diligent team that works remotely at level best, even without supervision. Through technology, he can interact and learn about their welfare and their work progress. According to Saunders, happy employees are more productive; hence Saunders socially engages his team regularly. He must motivate the employees for them to become more productive. Paul Saunders advises young and aspiring entrepreneurs always to take advantage of the available opportunities in their lives. As they work hard, they should appreciate what they have now as time flies very fast. To Saunders, money doesn’t necessarily bring happiness, although it makes one financially secure. Upcoming entrepreneurs should also learn to focus on a single objective at a time to avoid dividing their attention. When there are many available opportunities, it’s always advisable to concentrate on a single opportunity at a time to avoid losing focus and failing. Focusing on a single opportunity creates less stress, and one can measure the progress of the task. The exploitation of available opportunities and taking risks has seen Saunders take his business to the next level. However, investors should not invest in an enormous figure that may make them bankrupt in case of failure. It’s always advisable to invest wisely and progressively add more assets as the project grows. In his career, Paul Saunders has had numerous failures. Fortunately, Saunders had more successes than failures. He attributes the failure to focus on the projects instead of team management. Proper team management has led to his success in private equity investments. Although business people should work hard, they should focus on being smart in their endeavors.
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What are the main aspects of inventory management that help businesses?

Some businesses need to look into inventory management to better organize their business and increase productivity levels. The main aspects of inventory management businesses need to utilize! First, we need to know what inventory management is before you can decide if it is the right call for your business. Inventory management is a process and method of helping to source, find, store, and sell inventory. Inventory can be classified into different groups, such as components and products. In the business sense, inventory management typically refers to buying the right stock in precise quantities, ensuring you get the right amount of inventory at the best price possible. Inventory management also includes various business aspects, such as controlling and determining the time and the price of purchases, manning the stock storage in your business, controlling how much product you are selling on the market, and completing and fulfilling orders. Retail inventory management is a part of inventory management that refers to business-to-consumer selling, with the main types of retail management being online or offline retail. Online refers to eCommerce stores that happen in the digital marketplace, whereas offline retail is through a physical store location. So, what is the importance of inventory management? Why should you use Odoo for your inventory manager needs as a business? For any type of company or business that focuses on producing or selling goods, the value of inventory is one of the most important aspects of your company. For companies that are using enterprise resource planning, you need to take into account how to utilize inventory management to the best of your ability to reduce poor customer service or excessive overhead costs. By using Odoo and inventory management for your business, you can help reduce daily costs and fees, optimize the fulfilment of orders, provide enhanced customer service experiences, and prevent your business from theft or loss. To get started with Odoo and inventory management, you need to first take into account the various formulas you can use for this process: economic order quantity, days inventory outstanding, reorder point, or safety stock formula. The economic order quantity formula is the number of products you should buy to reduce the total cost of holding stock. The economic formula helps give you a standard idea of how much to purchase to make a profit. Days inventory outstanding formula is the number of days it takes for you to convert inventory into a profit. This can give you insight as to how long you may have to wait to earn a profit. Reorder point formula helps you answer the question of when is the right time to purchase more stocks. Safety stock formula helps you with an emergency formula and buffer if you are not doing well financially. Conclusion For those who need to boost their daily productivity and reduce total costs, consider using inventory management for your business. Using Odoo can help you to properly utilize your inventory for the highest profit return and boost your daily productivity levels.
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In View of Financial Crisis; Online Payday Loans for Bad Credit to Your Rescue

As a result of the global financial crisis, many would agree that today, the world economy needs serious fixing. Many have lost their jobs, lives, and the ability to sufficiently feed their families. Every single day, thousands of people are losing their jobs in the lieu of the economic slowdown. Which makes it impossible for everyone to deal with this unfortunate situation. Many people are suffering from low cash reserves and many have already exhausted all their savings while dealing with this terrible situation. Nonetheless, there are many ways in which you can solve this problem. One of the being advance loans, which are intended to deal with uncertain times. Advance loans, commonly known as payday loans, are short term loans. It allows the borrower to acquire the benefits of speedy cash availability to deal with any difficult situation. Here we aim to provide you with all-around information on payday loans and how can you make better use of this method. Here’s how payday loans can help you in the time of an economic crisis: Emergency cash for Urgent needs A payday loan is most beneficial in an emergency, the reason being, its fast availability to the borrower. A payday loan can be credited to your bank account in just a matter of a few minutes. If you are looking for more information on this subject, navigate here and get results for all your queries. These loans are short-term loans with a limited amount of credit at the borrower’s disposal, but adequate to get you out of an emergency. Besides, you can find these money lending companies online, and you can complete all the formalities at the comfort of your home. Availability to All Sections of Society When compared to traditional methods of loaning systems in society, payday lenders are available to a remarkable number of people. A student, a housewife, or a businessman can all reap the benefits of advance loans. This is because payday money lenders do not emphasize your credit score while availing you of a loan. However, this does not mean you do not have to submit any personal information. Payday money lenders will ask for your personal identification number, your last salary details, and your bank account number. For the most part, meeting these protocol documents is good enough for payday money lenders to lend you the needed credit. Pays Your Bill Without Exhausting Your Savings With a payday loan, you can save your money. Instead of draining out all your savings on your bills and mortgages, you can use the money that you have borrowed from a payday lender and pay for your debts more efficiently. This method is described as debt consolidation, where you add all your expenses and pay them with one single amount that you have borrowed as a loan. Many people use this method to simplify their financial burden. Anyone going through a similar process can use this method and solve their financial problems. Conclusion There are many money lending services available out there, but only a few are capable of lending you credit in a short amount of time. With payday money lenders you can have fast cash availability with many other benefits.
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How Entrepreneurs Are Driving UAE’s Economic Growth Post-Pandemic?

The UAE Government’s Response to the Pandemic

Tax Benefits and Entrepreneurship: Is it Helpful?

Emphasis on Innovation, Expertise, and Non-Energy Businesses

The Final Takeaway

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