#Dubai Executive Council

[dstidubai]

Origami Workshop at The Executive Council, Government of Dubai

Origami Workshop at The Executive Council, Government of Dubai

[groupfazza]

حمدان بن محمد يحضر أفراح النعيمي والمهيري ..

حضر سمو الشيخ حمدان بن محمد بن راشد آل مكتوم ولي عهد دبي نائب رئيس مجلس الوزراء وزير الدفاع رئيس المجلس التنفيذي لإمارة دبي، حفل الاستقبال الذي أقامه الشيخ أحمد بن حميد النعيمي ممثل صاحب السمو حاكم عجمان للشؤون الإدارية والمالية، رئيس دائرة التنمية الاقتصادية في عجمان وذلك في قصر الصفا بعجمان، بمناسبة زفاف نجله عبدالله إلى كريمة عارف بن علي المهيري.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, attended the reception hosted by Sheikh Ahmed bin Humaid Al Nuaimi, Representative of the Ruler of Ajman for Administrative and Financial Affairs and Chairman of the Department of Economic Development in Ajman, at Al Safa Palace in Ajman, marking the marriage of his son “Abdullah” to the daughter of Aref bin Ali Al Muhairi.

Sunday, 17 November 2024 الأحد

[beardedmrbean]

Police arrested three Uzbek nationals for the killing of an Israeli-Moldovan rabbi, officials from the United Arab Emirates said on Monday according to reports in the Israeli media.

Zvi Kogan, 28, an ultraorthodox rabbi, went missing on Thursday in Dubai.

Kogan ran a kosher grocery store in Dubai, which since Israel and UAE forged diplomatic ties in the 2020 Abraham Accords, has seen an influx of Israelis.

The grocery store, The Rimon Market, was shut Sunday.

The market has previously faced online protests by pro-Palestinian supporters.

Jewish symbols called Mezuzahs that had been affixed to the market's front and back doors appeared to have been forcibly removed, according to observations made by an Associated Press journalist.

Rivky Kogan, the wife of Kogan, is a U.S. citizen and the niece of Rabbi Gavriel Holtzberg, who was killed in the 2008 Mumbai attacks.

The UAE Interior Ministry identified the three suspects as Olimpi Tohirovic, 28; Mahmoud John Abdul Rahim, 28; and Azizi Kamilovic, 33.

State-run WAM news agency published blurred images of the suspects and did not say if charges had been filed.

It remains unclear whether the suspects have legal representation in the UAE.

Newsweek has reached out to the Uzbek Consulate in Dubai via its social media.

Could Iran Be Involved in the Killing?

Israeli media reports, citing unnamed security officials, alleged that the suspects in Kogan's killing were of Uzbek origin.

Uzbek nationals have reportedly been implicated in previous Iranian operations targeting dissidents and other individuals.

Iran, which supports Hamas and Hezbollah, has been threatening to retaliate against Israel after a wave of airstrikes Israel carried out in October against Iran. This Israeli strike was in response to an earlier Iranian ballistic missile attack.

Iran's Embassy in Abu Dhabi denied Tehran was involved in the rabbi's killing.

Does Iran Operate Secretly in UAE?

Western officials believe Iran runs active intelligence operations in the UAE. It is also understood that Iranian intelligence agencies monitor the hundreds of thousands of Iranians living across the country.

Iran is suspected of kidnapping and later killing British Iranian national Abbas Yazdi in Dubai in 2013, though Tehran has denied involvement.

Iran also kidnapped Iranian German national Jamshid Sharmahd in 2020 from Dubai, taking him back to Tehran, where he was executed in October.

What Was the U.S. Response to the Rabbi's Killing in UAE?

In a statement Sunday, U.S. National Security Council spokesperson Sean Savett called Kogan's killing "a horrific crime against all those who stand for peace, tolerance, and coexistence."

"We condemn in the strongest terms the murder of Rabbi Zvi Kogan in the UAE and our prayers are with his family, the Chabad-Lubavitch community, the broader Jewish community, and all who are mourning his loss," Savett said.

[hamdan-fazza]

🇦🇪🏆For the tenth year in a row, EMIRATES ✈ again emerged on top capturing ‘Best Airline Worldwide’ 🛫 Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today visited the Emirates Group Headquarters.

[cioarabmagazine]

Saudi medical firms to benefit from $250m fund launched by TVM Capital Healthcare

RIYADH: Private equity firm TVM Capital Healthcare Saudi has announced its second $250 million capital pool for the Middle East, aimed at enhancing Saudi healthcare investment and supporting local medical enterprises. The international growth capital investment fund has been active in the Middle East since 2009 and will extend its reach to Southeast Asia in 2021.

According to a press statement, the launch of this new fund builds on TVM Capital Healthcare Saudi’s prior achievements in the region, offering attractive returns and demonstrating its proficiency in locating deals and fostering the expansion of sustainable businesses within Saudi healthcare investment.

The completion of this deal, according to Bandr Al-Homaly, managing director and CEO of Jada Fund of Funds, represents a significant turning point in the flow of private investment into Saudi Arabia’s healthcare industry. “We are happy to spearhead the investment, contributing funds to help the industry grow following Vision 2030,” he expressed.

TVM Capital Healthcare Saudi focuses on addressing medical requirements by making strategic investments in business endeavors within Saudi healthcare investment. These initiatives yield substantial returns for investors and have long-lasting beneficial effects on nearby communities.

The company has established a solid reputation as a global fund manager that finances and manages significant medical businesses in the Kingdom. For the benefit of these companies’ aspirations to expand in Saudi Arabia and the larger Gulf Cooperation Council, TVM Capital Healthcare Saudi also invests in healthcare growth transactions in the US and Europe.

Through this two-pronged approach, TVM Capital Healthcare Saudi hopes to strengthen the Saudi economy and improve the region’s access to innovative goods, services, and technologies. Helmut M. Schuehsler, the company’s chairman and CEO, expressed pride in attracting a sizable group of institutional and family investment groups from Europe, the GCC, and Saudi Arabia. They are funding domestic businesses in the Kingdom as well as foreign businesses in the market through a specialized capital pool.

“Our leadership team includes local Saudi healthcare experts along with executives with extensive experience in Europe and the US who have developed strong international networks over their careers, which puts us in a unique position for success,” he said.

With a particular focus on Saudi healthcare investment since 2015 through their former portfolio firms, ProVita International Medical Center and Cambridge International Medical Center, the chairman noted that their investment journey in the GCC and Egypt spans more than 13 years.

“We are really pleased about our ability to improve access to high-quality patient care, medical products, and treatment regimens throughout the Kingdom today by strengthening the local and regional healthcare ecosystem on a much larger scale,” Schuehsler stated.

The fund’s initial investments include DEBx Medical, an Amsterdam-based developer and manufacturer of cutting-edge products for treating chronic wounds poised to enter the Saudi market, and Baraya Extended Care, a chain of long-term, post-acute care and rehabilitation clinics headquartered in Riyadh. Furthermore, the Munich-based Neurocare Group, which offers individualized mental health treatments and products with facilities in the US, the Netherlands, and Australia, is preparing to expand into Saudi Arabia and the GCC.

Other agreements include manufacturing and diagnostics, oncology and medicines, and lifespan and genetics, the release stated. Along with supporting operations in Boston and Munich, TVM Capital Healthcare Saudi has offices in Ho Chi Minh City, Singapore, Dubai, and Riyadh.

The firm was represented at the fundraiser by the international law firm Morgan Lewis. Read More : Click here 

[novumtimes]

Registrations Now Open for Dubai Fitness Challenge 2024 – Sports – Other

An epic month of sport and exercise is just around the corner, with registrations for the 8th annual Dubai Fitness Challenge (DFC) now officially open!   An initiative by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, to help make Dubai one of the most…

[mbrl-blogs24]

From Desert to Knowledge: The Story of the Mohammed Bin Rashid Library

During Dubai's "Year of Reading" in February 2016, Sheikh Mohammed Bin Rashid Al Maktoum revealed the idea for the library. The seven-story library, shaped like an open book on a lectern, will occupy 650,000 square feet of land and welcome 9 million people a year. More than 4.5 million physical, digital, and audio books will be kept in the Mohammed Bin Rashid Library. The Mohammed Bin Rashid Library building contract, worth AED 1 billion, is the biggest cultural project in Dubai.  Work is scheduled to start in September 2016 and be finished by the middle of 2018. The library's construction was 22% finished as of December 2017. It was 72% finished in 2018.

In 2019, the library was still under construction even though it was scheduled to open in 2018. The exterior was finished, the main structure was topped out, and the interior was nearing completion as of February 2020. On June 16, 2022, the library opened to the public. On June 23, 2022, it played home to a meeting of the Dubai Executive Council.

[isocertificationinkenya]

GMP Certification in Dubai

       GMP certification, or good manufacturing practices, is an international standard that is recognised in Dubai. Standards apply to factory testing and process quality control in the food and pharmaceutical industries. GMP, or current good manufacturing practices, is another term for it occasionally. superior production An worldwide level of your procedure can be achieved with the aid of a Sharjah Practice Management System. Increase your attention to the following: documentation control, staff awareness, sensitization, cleanliness, prerequisite programme, hygiene, management commitment, and improvement. The food and pharmaceutical industries have benefited greatly from GMP registration services in Dubai, which have helped them boost their profit margins. It is extremely self-explanatory to implement these practices; they are merely practices rather than a set of stated standards.Certain organisations have a tendency to purchase certifications without adhering to the norm, which is a bad practice that could put them in jeopardy down the road. The sole protocol to adhere to is GMP audit services in Dubai. Purchasing a certificate alone, without putting the auditing standards into practice, will damage the reputation of your business. GMP in Abu Dhabi will assist in protecting your manufacturing process and streamlining it, which will boost productivity and lower potential risk.

GMP Requirements in Dubai:

Controlling Authority:

The main regulatory agencies in charge of ensuring GMP in Dubai are the Ministry of Health and Prevention (MOHAP) and the Dubai Health Authority (DHA).

GMP Standards:

Dubai complies with global GMP regulations, including those established by the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) and the World Health Organisation (WHO).

Licences and Authorization:

Before beginning business, pharmaceutical producers need to get a licence from the DHA or MOHAP.Inspections of facilities are conducted to verify adherence to GMP guidelines.

Facilities Needed:

Facilities must be designed and built to avoid contamination and cross-infection.It's crucial to have enough room, clean rooms, and controlled surroundings.

Management of Quality:

There needs to be a thorough Quality Management System (QMS) in place.Every procedure needs to have Standard Operating Procedures (SOPs), which need to be followed and recorded.

Employees:

Personnel with the necessary training and qualifications are needed.Training sessions should be held on a regular basis.

Tools and Supplies:

Equipment needs to be cleaned, maintained, and calibrated on a regular basis.It is necessary to obtain raw materials from vetted vendors and conduct extensive testing.

Record-keeping and Documentation:

It is necessary to keep thorough records of the production procedures, batch records, and quality control testing.Accurate, easily available, and safely kept documentation is required.

Quality Assurance:

The entire production process needs to be subjected to routine testing and quality control procedures.End-product testing and in-process controls are crucial.

What is the process for obtaining a GMP certification in Dubai? 

   As one of the top-ranked and globally renowned businesses, we have extensive knowledge of consulting and certifying every international standard that is in use today. The only consulting firm that can guarantee certification is us. Regarding the successful execution of projects, we have an unblemished track record. Our consultant's availability, which sets us apart from other consultants, is one of our strengths. An additional advantage is that we guarantee minimal and practicable GMP installation in Sharjah for all of our clients.

How to get certified for GMP Consultant in Dubai?

      You may always visit our official website at www.certvalue.com , send us an email at contact@certvalue.com , or provide our help desk staff all of your contact details if you're wondering how to obtain GMP certification in Dubai. We value privacy and don't send out spam at all. We will protect the privacy of your contact information and won't share it with any other marketing companies.Our help desk representative will ensure that, once receiving your contact details, a certified specialist gets in touch with you right away to better understand your process and certification requirements and to offer the finest solution on the market. Being among the top international standard consultants, we also offer the best audit. To get in touch with us, please visit our website at www.certvalue.com . There, you may learn a lot about the audit process, discuss any issues you are having, and receive assistance in finding solutions.

[groupfazza]

حمدان بن محمد بترأس اجتماع المجلس التنفيذي ويعتمد استراتيجية شاملة لدفع مسيرة التعليم في دبي بحلول 2033 ..

سجل سمو الشيخ حمدان بن محمد بن راشد آل مكتوم، ولي عهد دبي نائب رئيس مجلس الوزراء وزير الدفاع رئيس المجلس التنفيذي لإمارة دبي، في آخر تدوين لسموه عبر حسابه في «إكس» 🔻

اعتمدنا اليوم خلال اجتماع المجلس التنفيذي "استراتيجية التعليم 2033" لدعم تحقيق أجندة دبي الاجتماعية 33، والتي نهدف من خلالها إحداث نقلة نوعية في منظومة التعليم، فهي است��مار في مستقبل دبي من أجل تمكين الأجيال.. فنحن نبني من خلالها تعليماً قائماً على مبدأ التعلم مدى الحياة.. تعليماً يستبق التحولات وينمّي المواهب والكفاءات.. تعليماً مستقبلياً يُشرك المعلمين والمتعلمين في مسار مستمر للإبداع والنمو نحو المستقبل الواعد.

كما اعتمدنا عدداً من الاستراتيجيات لدعم تحقيق أجندة دبي الاقتصادية D33، فمن خلال "استراتيجية القطاع العقاري 2033" سنرفع التعاملات العقارية في دبي إلى تريليون درهم ونضاعف القيمة المضافة للقطاع في الناتج المحلي الإجمالي للإمارة لتبلغ 73 مليار درهم. وستساهم ”استراتيجية دبي اللانقدية" في جعل دبي ضمن أفضل 5 مدن لانقدية في العالم، مع زيادة عوائد اقتصاد دبي بأكثر من 8 مليار درهم عبر التحول للدفع اللانقدي.

_______________

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, in his latest tweet on his «X» account 🔻

During today's @TECofDubai meeting, we approved the Education Strategy 2033 to advance the goals of the Dubai Social Agenda 33. We aim to drive the transformation of the education system, positioning it as a strategic investment in Dubai’s future. We are shaping a new education system rooted in the principle of lifelong learning, designed to anticipate change, nurture talent and skills, and promote continuous creativity and growth for both educators and students.

We also approved several key strategies to support the Dubai Economic Agenda D33. Through the Real Estate Strategy 2033, we aim to raise the value of real estate transactions in Dubai to AED1 trillion and double the sector's contribution to the emirate's GDP, reaching AED73 billion. The Dubai Cashless Strategy will contribute to making Dubai one of the top five cashless cities globally, increasing economic returns by over AED8 billion through the shift to cashless payments.

Tuesday, 1 October 2024 الثلاثاء

[beardedmrbean]

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at combatting climate change.

Nuclear fusion melds two hydrogen atoms together to produce a helium atom and a lot of energy—which could be used to power cars, heat and cool homes and other things that currently are often powered by fossil fuels like coal, oil and gas. That makes fusion a potentially major solution to climate change, which is caused by the burning of fossil fuels. Still, fusion is a long way off, while other clean technologies like wind, solar and others are currently in use and could be increased.

“We are edging ever-closer to a fusion-powered reality. And at the same time, yes, significant scientific and engineering challenges exist,” Kerry said, in Dubai for U.N. climate talks. “Careful thought and thoughtful policy is going to be critical to navigate this.”

Researchers have been trying for decades to harness the reaction that powers the sun and other stars — an elusive goal because it requires such high temperatures and pressures that it easily fizzles out.

Kerry wants to speed that up in hopes of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times, a benchmark set by the international community. He urged nations to come together to “harness the power of fundamental physics and human ingenuity in response to a crisis.” The strategy lays out five areas for international partnerships: research, the supply chain and future marketplace, regulation, workforce issues and public engagement. Kerry spoke at the Atlantic Council Global Energy Forum.

The United States and United Kingdom announced a partnership in November to accelerate global fusion energy development, and the United States announced its own vision last year for research needed over the decade. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. That project has been plagued by delays and cost overruns. On Friday, Japan and Europe said they were launching the world's largest fusion reactor.

Both China and Russia are partners in ITER, and China in particular is moving aggressively to promote fusion research and development, said Andrew Holland, chief executive officer of the Fusion Industry Association.

"We're trying to build a global posse to get there before the Chinese so the Chinese don't dominate another new technology," he said.

Before he left for Dubai, Kerry put on a hardhat and toured Commonwealth Fusion Systems in Devens, Massachusetts, a company racing to design, build and deploy fusion power plants.

Until now, all nuclear power has come from nuclear fission reactors in which atoms are split — a process that produces both energy and radioactive waste. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. More than 20 have already signed on, including the United States and the host of this year's talks, the United Arab Emirates.

Fusion doesn’t produce the radioactive waste of nuclear fission. In a global race to make it a practical and possibly limitless power source, more than $6 billion has been invested to date, according to the Fusion Industry Association. There are more than 40 fusion companies globally now with over 80% of the investment in the United States. Thirteen of the companies emerged in just the past year and a half.

Commonwealth Fusion Systems has raised the most, more than $2 billion, according to the association.

Like the 35-nation effort, Commonwealth is trying to create fusion inside what's called a tokamak. The doughnut-shaped machine uses powerful magnets to confine and insulate a plasma so it's hot enough for the fusion reaction to occur and stays hot longer.

A year ago, in a major breakthrough that used a different technology at the Lawrence Livermore National Laboratory in California, scientists for the first time were able to engineer a reaction that produced more power than was used to ignite it, called net energy gain. Their process uses lasers.

Physicists around the world view the doughnut-shaped machines as the most promising kind of magnetic fusion device.

Tokamaks have been getting bigger in size for better performance. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center. Using breakthroughs in superconducting magnet technology combined with science from their own compact tokamak, the MIT group set out to build a magnet tolerant of high temperatures that could achieve really strong magnetic fields, using little electricity.

Their hope is to build a smaller, less expensive unit more rapidly, to make fusion commercially viable for the first time, said Professor Dennis Whyte, a co-founder of Commonwealth who leads the Plasma Science and Fusion Center.

“If fusion becomes economically competitive, we've solved energy for humanity forever, forever. It's like, of course you go after that," he said in an interview. “The compulsion that’s coming both from climate change and from energy security means it sure seems this is the right time to make the big push to get there.”

The company and the university collaborate closely. In 2021, they turned on their superconducting electromagnet and demonstrated a record-breaking magnetic field, making it the strongest fusion magnet of its kind. Whyte said he knew then fusion had changed forever.

But despite the hype, reliable and cheap nuclear fusion energy is still a pipe dream, said Edwin Lyman, director of nuclear power safety for the Union of Concerned Scientists in Washington. Fusion is far less likely than other alternatives to be commercialized on a timeframe that would allow it to help prevent the worst effects of climate change, he said. Lyman said the enormous price tag could also rob more promising alternatives, such as renewable energy, of resources they need to thrive,

Yet 19 fusion companies think they will deliver power to the grid before 2035, the Fusion Industry Association said in July.

Commonwealth is designing its first power plant, which it's calling “ARC,” to connect to the grid in the early 2030s.

ARC is intended to make roughly 460 megawatts of electricity. About 60 of those would be used to run the plant, for a net output of about 400 megawatts, enough to power tens of thousands of homes. It's projected to cost roughly $1 billion to $2 billion, according to the company, and fit on a space the size of a basketball court.

Before that, Commonwealth says it will build and test a prototype tokamak it calls SPARC, hoping to turn that on in late 2025 or early 2026.

CEO Bob Mumgaard said he thinks clean energy from fusion can decarbonize heavy industries that are big emitters of greenhouse gases.

“That’s our future play, it’s the really hard stuff, the stuff that gets you to zero," he said in an interview.

Along the walls at Commonwealth runs a pattern of white dots at hip level, one for each of the 10,000 fusion power plants they think the world will need by 2050. Mumgaard said it's a daily reminder the world uses a lot of energy, most of it from fossil fuels, and that has to change.

[iso9001certificationnepal]

GMP Certification in Dubai

       GMP certification, or good manufacturing practices, is an international standard that is recognised in Dubai. Standards apply to factory testing and process quality control in the food and pharmaceutical industries. GMP, or current good manufacturing practices, is another term for it occasionally. superior production An worldwide level of your procedure can be achieved with the aid of a Sharjah Practice Management System. Increase your attention to the following: documentation control, staff awareness, sensitization, cleanliness, prerequisite programme, hygiene, management commitment, and improvement. The food and pharmaceutical industries have benefited greatly from GMP registration services in Dubai, which have helped them boost their profit margins. It is extremely self-explanatory to implement these practices; they are merely practices rather than a set of stated standards.Certain organisations have a tendency to purchase certifications without adhering to the norm, which is a bad practice that could put them in jeopardy down the road. The sole protocol to adhere to is GMP audit services in Dubai. Purchasing a certificate alone, without putting the auditing standards into practice, will damage the reputation of your business. GMP in Abu Dhabi will assist in protecting your manufacturing process and streamlining it, which will boost productivity and lower potential risk.

GMP Requirements in Dubai:

Controlling Authority:

The main regulatory agencies in charge of ensuring GMP in Dubai are the Ministry of Health and Prevention (MOHAP) and the Dubai Health Authority (DHA).

GMP Standards:

Dubai complies with global GMP regulations, including those established by the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) and the World Health Organisation (WHO).

Licences and Authorization:

Before beginning business, pharmaceutical producers need to get a licence from the DHA or MOHAP.Inspections of facilities are conducted to verify adherence to GMP guidelines.

Facilities Needed:

Facilities must be designed and built to avoid contamination and cross-infection.It's crucial to have enough room, clean rooms, and controlled surroundings.

Management of Quality:

There needs to be a thorough Quality Management System (QMS) in place.Every procedure needs to have Standard Operating Procedures (SOPs), which need to be followed and recorded.

Employees:

Personnel with the necessary training and qualifications are needed.Training sessions should be held on a regular basis.

Tools and Supplies:

Equipment needs to be cleaned, maintained, and calibrated on a regular basis.It is necessary to obtain raw materials from vetted vendors and conduct extensive testing.

Record-keeping and Documentation:

It is necessary to keep thorough records of the production procedures, batch records, and quality control testing.Accurate, easily available, and safely kept documentation is required.

Quality Assurance:

The entire production process needs to be subjected to routine testing and quality control procedures.End-product testing and in-process controls are crucial.

What is the process for obtaining a GMP certification in Dubai? 

   As one of the top-ranked and globally renowned businesses, we have extensive knowledge of consulting and certifying every international standard that is in use today. The only consulting firm that can guarantee certification is us. Regarding the successful execution of projects, we have an unblemished track record. Our consultant's availability, which sets us apart from other consultants, is one of our strengths. An additional advantage is that we guarantee minimal and practicable GMP installation in Sharjah for all of our clients.

How to get certified for GMP Consultant in Dubai?

      You may always visit our official website at www.certvalue.com , send us an email at contact@certvalue.com , or provide our help desk staff all of your contact details if you're wondering how to obtain GMP certification in Dubai. We value privacy and don't send out spam at all. We will protect the privacy of your contact information and won't share it with any other marketing companies.Our help desk representative will ensure that, once receiving your contact details, a certified specialist gets in touch with you right away to better understand your process and certification requirements and to offer the finest solution on the market. Being among the top international standard consultants, we also offer the best audit. To get in touch with us, please visit our website at www.certvalue.com . There, you may learn a lot about the audit process, discuss any issues you are having, and receive assistance in finding solutions.

[accountingagencydubai]

What Does VAT in the United Arab Emirates Represent for Businesses?

The Tax Procedures Law, which governs tax collection in the UAE, took effect in early August 2017. From January 1, 2018, the UAE implemented a 5% value-added tax (VAT). This represents a broad shift in the region's economic landscape. Here's all you need to know about VAT implementation in the UAE.

What is the Value Added Tax?

Value Added Tax (VAT) is a consumption tax placed on goods as they are improved at each stage of production or distribution. It is an indirect tax calculated based on a taxpayer's consumption rather than his or her income. The VAT is applied in over 160 countries throughout the world.

The countries of the Gulf Cooperation Council, or GCC, have chosen to use taxes to support the government in increasing its financial base.

When will VAT go into effect?

VAT at the rate of 5% was introduced in the UAE and other GCC nations in early 2018.

What will be taxed?

The VAT would apply to non-essential consumer goods. Anything other than basic food and necessities would fall into this taxed tier. This includes transport vehicles, electronic devices, ornaments, restaurant services, and entertainment.

What will be free from VAT?

The government of the UAE has said that around 100 item categories, including food, education, health, automobiles, gasoline, transportation, and social services, will be excluded from VAT.

Who Will Be Taxed?

Corporations: Businesses that provide taxed goods or services and have an annual revenue of more than AED 375,000 are needed to register for VAT. It is optional for enterprises with yearly supplies and imports of less than AED 375,000 but more than AED 187,500. Companies that provide healthcare or education services may reclaim VAT from the government.

Consumers: Anyone purchasing a non-essential item is required to pay VAT. 

Realtors: Any sale or rental of industrial property would be subject to VAT.

Would VAT be applied to income?

No, VAT does not apply to personal or business earnings. The UAE still does not levy income tax.

Companies in the UAE must carry out their VAT execution plans and it include any relevant VAT filing or reclaiming mechanisms. This would have a minimal to significant impact on top lines and balance sheets, requiring businesses to plan suitable financial, technical, compliance, and training systems to comply with the new regulations.

Lotus Touch in Dubai has a team of professionals who can assist firms in tax consulting for VAT in Dubai, UAE. If you have any questions or need assistance with VAT, please contact us, and we will guide you through it.

[entrepreneurgulf]

Marwan Bin Yousuf Al Serkal: Redefining Clothing with Luxury Egyptian Giza Cotton at Carter & White

Sustainable Fashion is here to stay. Sustainable fashion addresses and acts as a one-stop solution for many challenges and detrimental effects that occur in all Fashion and Apparel Industries. Be it environmental, economic, or social, eco-friendly practices and sustainability initiatives can solve and reduce the extent of negative impacts and consequences faced by the Earth. 

Therefore redefining clothing can be encouraged which can help promote slow and sustainable fashion, reduction in greenhouse gas emissions, reduction carbon footprint, protection of endangered and extinct animals and plants, reduction of waste and disposals, pollution reduction, and prioritizing quality over quantity to increase durability which in turn would prove to be cost, time, and labor-effective.  

High-end textiles or luxury fabrics as they are also known, are used by many companies, brands, labels, and independent designers, in creating, manufacturing, and designing high-quality and premium clothing. These textile fabrics can provide everything that a wearer may require – fashion, style, high quality, premium feel and look, comfortability, durability, cost and time-effective, and other technical advantages such as sweat and stain resistance. Cotton is one such high-end textile and luxury fabric that when grown, sourced, and produced sustainably, can provide one with all the benefits of purchasing and donning a clothing garment. 

Therefore in this article, we will cover the inspiring journey of entrepreneur and founder – Marwan Bin Yousuf Al Serkal and his luxury clothing and accessories brand – Carter & White. Leaning into sustainability initiatives and eco-friendly practices, Marwan built his very own premium cotton apparel clothing line and brand with materials sourced to provide a “superior quality and peerless strength, with an unbelievably soft core”.   

The Founder of Carter & White – Marwan Bin Yousuf Al Serkal:

The Founder, Chief Executive Officer, and Entrepreneur whose fuel and driving factor is creativity and innovation is – Marwan Bin Yousuf Al Serkal. Also referred to as an ‘Active Business Incubator’ within the community, Marwan is recognized in the Design and Growth fields, for his support of diverse and exemplary thought processes, talent, skills, experiences, initiatives, creativity, and innovativeness. 

Working more closely and naturally with fellow Emiratis and the local citizens in the Gulf Cooperation Council (GCC), the founder is a professional business leader with a Bachelor of Science Degree in Business Administration and Finance at Suffolk University and an Executive Master’s in Business Administration at Bayes Business School. From working for almost 18 years as a National Banker in the United Arab Emirates, Marwan has immense knowledge and awareness in working in fields such as – Business Development, Private and Wealth, Retail and Corporate, Global Markets, and Investment Banking. 

In the year 2016, Marwan founded Carter & White which was inspired by the vision to – “Give birth to a prestigious Middle Eastern brand that would appeal to the most discerning individuals”. Marwan wanted to go on a mission to establish a platform where he could – “Create products that were at the pinnacle of luxury and refinement, combining sublime comfort with timeless tailoring – and an impeccable attention to detail”.  

The clothing brand label – Carter & White started when Marwan Bin Yousuf Al Serkal traveled to Egypt in search of the most popularly known luxury Egyptian Giza Cotton. 

For more interesting insights and articles, visit Entrepreneur Gulf. 

About Carter & White:

Marwan Bin Yousuf Al Serkal founded Carter & White in 2016. The main office is headquartered in Dubai, UAE. In combining sublime comfort with timeless tailoring and attention to even the minuscule details, Marwan’s journey at Carter & White began with a good start. The mission that the founder stuck through during his trip and travel to Egypt was for only one reason and purpose alone. To find the premium-quality and luxurious Egyptian Giza Cotton. 

Marwan’s thinking and idea behind this mission and purpose was to address the challenges posed by people residing in countries of extreme weather and temperatures. In the GCC Region, it is a common notion and factor that temperatures in these areas hit a staggering 50℃ during summertime alongside the onset of a very humid climatic type. Marwan recognized the essentiality and need for proper clothing and garments made to last and do their work in protecting and covering the body as well as providing comfort and ease during the terrible and exhausting heat. 

After 2+ years of researching consistently and extensively, Marwan discovered the source and area of the well-sought-after Egyptian Giza Cotton, deep in the Nile Delta region. Apart from its physical attributes of having extra-long staple fibers and having a Uniformity Index Grade of 88.5, this cotton’s fine yarn can be produced after a tedious and meticulous process where professionally qualified technicians analyze the fibers to mark the ones with absolute premium quality, with no compromises. Grown in lush and fertile regions where balanced rainfall is seen alongside the perfect temperature, humidity, and nourishment required by the crop to grow and flourish in good bale quantities. 

T-shirts, socks, boxer shorts, bed linens, jackets, pants, loungewear, sleepwear, undergarments, bathroom and home essentials. Apart from fashion innovation, Carter & White also sells Yacht accessories, Men and Women’s Accessories, and Toys for children. The Egyptian Giza Cotton is made to last, is affordable, does its duties, feels airy, light, and soft, and retains color and feel through many rounds of washing over the years giving its customers the Carter & White Experience of luxury, state-of-the-art, premium high-grade, and in all of its refinery.

Visit More : https://entrepreneurgulf.com/marwan-bin-yousuf-al-serkal-redefining-clothing-with-luxury-egyptian-giza-cotton-at-carter-white/

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Dubai aims to secure a position among the top 10 metaverse economies globally.

Dubai has officially launched its Metaverse Strategy, with ambitious goals of creating over 40,000 new jobs and establishing 4,000 new companies within the sector. Currently, there are 1,000 companies operating in Dubai's blockchain and metaverse industry, contributing $500 million to the national economy.

The strategy was announced by Dubai's Virtual Assets Regulatory Authority on May 4, when it inaugurated the world's first regulatory Metaverse HQ. Subsequently, on July 18, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of the Executive Council, formally introduced the Dubai Metaverse Strategy.

This comprehensive 5-year plan aims to bolster Dubai's position as a global metaverse hub, with specific targets including quintupling the number of blockchain and metaverse companies to 5,000, generating 40,000 virtual jobs, and adding $4 billion to Dubai's economy. Dubai aspires to become the leading metaverse economy in the region and rank among the top 10 globally.

The strategy is structured around five pillars: promoting innovation and economic contributions in the metaverse, nurturing talent through education and training, integrating metaverse applications into Dubai's government services, advocating for safe platform adoption and global scalability, and refining infrastructure and regulations.

Building on its current success in attracting 1,000 companies to the blockchain and metaverse sectors, Dubai aims to capitalize on early adoption of metaverse technology to position itself as a global leader in digital solutions. This aligns with the vision of Dubai's leadership, particularly His Highness Sheikh Mohammed bin Rashid Al Maktoum.

The United Arab Emirates (UAE) is actively participating in shaping a worldwide strategy to commercialize the metaverse, with Dubai leading the charge. The city introduced a digital business license in 2019 and unveiled Metaverse Dubai as the world's first virtual megacity on December 27, 2021.

The establishment of the Virtual Assets Regulatory Authority's Metaverse HQ on May 4 underscores Dubai's pioneering role in regulatory innovation within the metaverse landscape.