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icvcertificate · 19 days ago
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What is a good ICV score in the UAE?
What is considered as a good ICV score in the UAE? Achieving a good ICV score is more than just compliance for enterprises operating in the UAE; it is also about unlocking growth prospects, winning competitive government contracts, and supporting the UAE’s greater economic goal. However, what is really considered as a “good” ICV score in the UAE? In this blog, let us see what an ICV score is, why it matters, and how organisations might obtain a desirable result. What is the ICV Score? An ICV score is a percentage figure derived based on a company’s contribution to the UAE economy. This score is critical for organisations bidding for government or semi-government contracts because it frequently influences their competitiveness in procurement choices.  The program examines organisations using audited financial accounts and certain criteria, which include: Local procurement – refers to the amount spent on procuring goods and services from UAE based providers. Emiratisation: The percentage of UAE nationals employed by the company. Asset investments include contributions to local infrastructure, facilities, and operational capabilities. Export Activity: Engaging in non-oil exports to diversify the economy. Operational costs- refer to the total amount of money spent on UAE based services and resources. Each of these elements adds to the final ICV score, which helps analyse a company’s alignment with the UAE’s economic goals. What makes a good ICV score? The concept of a “good” ICV score varies by industry and the specific requirements of the entity evaluating the score. However, the following broad criteria are applicable: Above 40%: A strong ICV score that demonstrates a company’s significant contribution to the local economy. Such a number puts enterprises in a good position when competing on high-value government contracts. 30-40%: Competitive, particularly in industries with moderate local procurement and Emiratisation potential. Below 30%: There is potential for improvement, especially in areas such as local sourcing, Emirati hiring, and local infrastructure investment. While there is no minimum score to qualify for government tenders, better scores are always prioritised, so firms should strive as high as feasible. Why is a good ICV score important? Achieving a high ICV score is more than just completing regulatory standards; it’s a strategic advantage. Here’s why it matters: 1. Access to government contracts A higher ICV score boosts your chances of receiving contracts from government and semi-government agencies. Organisations such as ADNOC, Mubadala, and Etisalat prioritise enterprises with high ICV scores in their procurement processes. 2. Market Competitiveness In a competitive business environment, an exceptional ICV score distinguishes your organisation and demonstrates your dedication to assisting the UAE’s economic development. 3. Alignment with UAE Vision 2030 The UAE Vision 2030 focusses on economic diversification, innovation, and sustainability. A high ICV score demonstrates your alignment with these national ideals, which improves your reputation as a responsible corporate citizen. 4. Long-term Business Growth By focusing on local procurement, Emiratisation, and infrastructure investment, you may create long-term growth prospects for your company while strengthening its foundation. How to get a good ICV score? Achieving a high ICV needs strategic planning, operational modifications, and constant efforts. Here’s a road plan to assist firms raise their scores: 1. Prioritise Local Procurement One of the simplest methods to improve your ICV score is to increase your expenditure with UAE based suppliers. Form long-term partnerships with local vendors, and prioritise purchasing products and services from within the country. 2. Invest in Emiratisation Hiring and maintaining UAE nationals is critical for raising your ICV score. Focus on recruiting Emiratis for specialised positions and providing training programs to help them advance in their careers. Offering competitive incentives and possibilities for growth can also help to increase retention rates. 3. Allocate Resources for Local Investment Investing in operational assets like facilities, infrastructure, and equipment in the UAE has a substantial impact on your score. Evaluators value demonstrations of dedication to local development. 4. Expand Export Activities Non-oil exports add to the UAE’s economic diversification. Engaging in export activities not only improves your score but also positions your company as a global leader. 5. Work With ICV Consultants Hiring professional ICV consultants might be a game changer. These specialists will examine your financials, identify areas for improvement, and recommend actionable measures to raise your score. 6. Ensure Accurate Financial Reporting ICV scores are based on audited financial accounts. Work with reputable auditors to ensure that your financial statements appropriately reflect your contributions to the UAE economy. Industry Specific Considerations For ICV Score Calculation The optimal ICV score varies per industry, as each sector faces unique problems and opportunities while completing the program’s standards. 1. Manufacturing Manufacturers frequently receive higher rankings since they rely on local sourcing and invest in assets. In this industry, a score of more than 50% is normally desired. 2. Construction Construction businesses may experience difficulties with local procurement, but they can compensate through Emiratisation and asset investments. A score of 30-40% is competitive. 3. Professional Services Local procurement opportunities for consulting and professional services are restricted. A score of 25-35% is still deemed good, as long as the company excels in other categories like Emiratization and operational costs. Common Obstacles in Achieving a Good ICV Score While the ICV program has significant opportunities, companies frequently confront problems such as: Limited Local Suppliers: Some businesses rely largely on imported items, which limits the prospects for local procurement. High turnover rates make it difficult to retain Emirati personnel in the absence of strong career development initiatives. Lack of Awareness: Many organisations do not understand how to strategically coordinate their operations to increase their ratings. Overcoming these obstacles necessitates a combination of strategic strategy and skilled coaching. The Importance of ICV Certification in Achieving a Good Score Companies that bid on government or semi-government contracts must have an ICV certificate. This certification requires presenting audited financials and undergoing a rigorous review of your operations. While certification does not guarantee a high score, it is an important first step in gaining access to the program’s benefits. How AbstractICV Can Help? AbstractICV specialises in assisting businesses with the complexity of the ICV program. Our team of professionals offers: ICV Audit Preparation: Ensure that your financial statements match certification standards. Score optimisation: Identifying areas for improvement and devising tactics to raise your score. Compliance Support: Keeping your company in accordance with the most recent ICV norms and requirements. Boost Your Business Credibility with ICV Score  A high ICV score in the UAE demonstrates a company’s dedication to boosting local economic growth, promoting Emiratisation, and contributing to the country’s overall development goals. While the definition of a “good” score varies by industry, aiming for 40% or more is a decent starting point for most firms. Companies who prioritise local sourcing, invest in Emiratisation , and collaborate with skilled ICV consultants like AbstractICV can not only obtain a competitive score, but also position themselves for long-term success in the UAE’s flourishing market. Are you ready to enhance your ICV score? Contact AbstractICV immediately for experienced advice targeted to your company requirements. The post What is a good ICV score in the UAE? appeared first on ICV Certificate .
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jobsatdubai · 3 years ago
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ADNOC Job Vacancies 2021: Opens Multiple Careers opportunities
ADNOC Careers Jobs Near United Arab Emirates Abu Dhabi National Oil Company 2020 #lacapitalerealestate #jointheteam #realestatejobs #dubaijobs #newjob #career #careersinrealestate #dubaicareers #realestateagent #realestatedubai #realestaterecruitment #realestate #realestateagentswanted #jobsinrealestate #realestatecareers #jobsindubai #realestatebrokers #dubairealestate #dubai #abudhabi #UAE #jobsharing #offplandubai #love #instagood #fashion #photooftheday #beautiful #art #happy #photography #cute #picoftheday #follow #tbt #followme #nature #like4like #travel #instagram #repost #style #summer #instadaily #selfie #friends #fitness #girl #food #fun #me #beauty #instalike #smile #family #life #photo #likeforlike #music #ootd #follow4follow #makeup #amazing #igers #nofilter #dog #sunset #model #beach #instamood #foodporn #followforfollow #motivation #design #l4l #sky #lifestyle #f4f #cat #handmade #hair #vscocam #bestoftheday #vsco #dogsofinstagram #funny #drawing #gym #artist #flowers #baby #wedding #instapic #girls #pretty #likeforlikes #instafood #photographer #inspiration #party #lol #cool #workout #likeforfollow #swag #fit #healthy #yummy #foodie #blackandwhite #moda #christmas #home #black #holiday #landscape #pink #blue #sea #london #memes #winter #night
ADNOC Job Vacancies 2021 | Abu Dhabi National Oil Company Abu Dhabi National Oil Company is an energy producer and primary catalyst business. It has a vast network that covers oil business exploration, production, storage, refining, and trading. The company also envelops petrochemical products, which involve more than 3.5 million barrels of oil with 10.5 billion cubic feet of natural gas per…
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jobsindubaivacancies · 3 years ago
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ADNOC Careers: Opens Multiple job opportunities | Vacancies August 2021
ADNOC Careers Jobs Near United Arab Emirates Abu Dhabi National Oil Company 2020 #lacapitalerealestate #jointheteam #realestatejobs #dubaijobs #newjob #career #careersinrealestate #dubaicareers #realestateagent #realestatedubai #realestaterecruitment #realestate #realestateagentswanted #jobsinrealestate #realestatecareers #jobsindubai #realestatebrokers #dubairealestate #dubai #abudhabi #UAE #jobsharing #offplandubai #love #instagood #fashion #photooftheday #beautiful #art #happy #photography #cute #picoftheday #follow #tbt #followme #nature #like4like #travel #instagram #repost #style #summer #instadaily #selfie #friends #fitness #girl #food #fun #me #beauty #instalike #smile #family #life #photo #likeforlike #music #ootd #follow4follow #makeup #amazing #igers #nofilter #dog #sunset #model #beach #instamood #foodporn #followforfollow #motivation #design #l4l #sky #lifestyle #f4f #cat #handmade #hair #vscocam #bestoftheday #vsco #dogsofinstagram #funny #drawing #gym #artist #flowers #baby #wedding #instapic #girls #pretty #likeforlikes #instafood #photographer #inspiration #party #lol #cool #workout #likeforfollow #swag #fit #healthy #yummy #foodie #blackandwhite #moda #christmas #home #black #holiday #landscape #pink #blue #sea #london #memes #winter #night
ADNOC Careers ADNOC – Abu Dhabi National Oil Company Abu Dhabi National Oil Company is an energy producer and primary catalyst business. It has a vast network that covers oil business exploration, production, storage, refining, and trading. The company also envelops petrochemical products, which involve more than 3.5 million barrels of oil with 10.5 billion cubic feet of natural gas per…
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worldswinblog · 5 years ago
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How to write  professional resume for construction and engineering jobs in Canada Highlighted the financial benefit of writing a uniq...
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rafeegapp · 5 years ago
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Spinneys Abu Dhabi – A Quintessential Food
A hub for services centered around imported foods, Spinneys Abu Dhabi, has been the go-to for residents looking for ethnic ingredients and rare finds. Initially, the Spinneys chain was established by Rawdon Spinneys in 1924. The first Abu Dhabi branch, however, has been around since 1961 – spearheaded for over seven decades by His Excellency Abdullah Masaood.
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With a diverse employee-base of over 800 members, Spinneys currently operates on four different service points, including their retail department stores, liquor stores, catering services, and their trade agencies.
Spinneys Abu Dhabi Contact & Location:
Spinneys currently has several retail stores in Abu Dhabi, including
Brach Name Address Contact Number Corniche Branch Khalidiyah, this branch is right beside the ADNOC Corniche station 026812356 Spinneys the Collection Saadiyat Floor AR, East Entrance, main Entrance, The Collections – Abu Dhabi 026449367 Spinneys Hamdan 606 Hamdan Bin Mohammed St. 026172600 Spinneys Muroor Opp Main Bus Terminal, New Airport Rd, Al Muroor 026419366 Spinneys Al Murjan Al Dhafeer 024474235 Spinneys Al Rihan Heights Street 024473681 Spinneys Khalifa City Al Forsan Building, near Al Forsan Club 025564585
Spinneys Abu Dhabi Website:
Currently, Spinneys Abu Dhabi only has an online platform for its liquor store but not an online retail store unlike the Dubai delivery option: http://www.spinneys-dubai.com/
The Spinney Abu Dhabi Liquor Store can be accessed at https://www.spinneysauh.com
Although, as per the age verification prompt, only Non-Muslims users above the age of 21 can access it.
Spinneys Abu Dhabi Careers:
With mutual individual and organizational benefit as the primary goal, the Spinneys HR department emphasizes their objective of driving the growth of in-house teams and individual staff members with equal focus and dedication. There are several initiatives in progress for harnessing regional talent. Thus the age demographic of their current employee base is made of millennial executives.
Additionally, there is a protective and safety-first company culture in place made to ensure the fair and respectful treatment of their ethnically diverse teams. The Spinneys HR department promotes the core values of cooperation, result-orientation, coordination, efficiency, and mutual respect to create a balanced and peaceful workspace.
Hiring & Recruitment:
To ensure the smooth function of all teams, they are making up the “cogs” of the Spinneys’ business infrastructure. Several commercial strategies are in place. These strategies set the tone for employee conduct and behavior expectations for each internal department. As a result, the Spinneys employee base efficiently delivers on customer satisfaction standards as well as organizational outcomes.
Currently, Spinneys Abu Dhabi is not looking to hire individuals for their catering services and retail stores. The only available option for applications is the Spinneys Liquor store for which you can forward your resume to [email protected]
The selection will be made through careful consideration and a recruitment process involving multiple interviews as well as profiling tests and composite data points to hire ideal candidates.
Alternative Options:
There are several alternative options when it comes to ethnic and specialty foods collection in Spinneys. If you are looking for another store that sells their entire range of baking items, Tavola Shop in Abu Dhabi Malls carries all Wilton baking equipment while in WTC Tavola – Wilton took Wilton’s edible products as well. For ethnic foods, LuLu WTC has an extensive array of cuisines on sale – you can also order through their online store for a home delivery option: https://www.luluhypermarket.com/en-ae/
The post Spinneys Abu Dhabi – A Quintessential Food appeared first on Rafeeg App.
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perito · 5 years ago
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5 Major Oil and Gas Projects That Will Change India
The oil and gas industry is the 8th core industry in India. It is growing rapidly and big players are investing heavily to cater to the rising demand. India is the second-largest exporter of petroleum products in Asia and the second-largest refiner in the Asian continent. The government has allowed 100% Foreign Direct Investment (FDI) in many segments of the sector.
As the best placement agency in the oil and gas sector, Perito always strives to remain updated on the major projects that are expected to grow the industry and the Indian economy. Let's have a look at the 5 biggest upstream and downstream oil and gas projects that will change India in 2020 and beyond.
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1. ONGC's 25 New Projects
State-run Oil and Natural Gas Corporation (ONGC) is investing INR 83,000 crore on 25 major projects, spreading across exploration, production, and refining. This huge investment is part of the 'Energy Strategy 2040’, which will help the company achieve three times its revenue across oil and gas production and refining. These 25 projects in different parts of India and globally are aimed to help ONGC increase its current market capitalization by five to six times.
2. CPCL's INR 27,460-cr refinery
Indian Oil Corporation's group company Chennai Petroleum Corporation Ltd. (CPCL) is setting up greenfield refinery at Nagapattinam in Tamil Nadu at a cost of INR 27,460 crore. The products that they are planning to create through this investment are motor spirit (MS) and high-speed diesel (HSD) to meet the latest BS-VI specification in the southern states.
3. Government's $100bn investment
The government is investing heavily in building oil ad gas infrastructure. It will invest as much as USD 100 billion by 2024 in creating building gas import terminals, oil refining capacities, and laying new pipelines. The government of India is also planning to set up 5,000 biogas plants in different parts of the country. Major companies like Adani Gas, Bharat Gas Resources, Gail Gas, Indian Oil Corp, and Indraprastha Gas will work on the development of new city gas distribution (CGD) networks over a period of eight years.
4. BP-Reliance's $5bn Investment
BP PLC and its partner Reliance Industries will together invest $5 billion to build 3 natural gas fields in the Bay of Bengal by 2022. The 3 gas fields will develop a total of about 3 Tcf (trillion cubic feet) of gas resources.
5. ExxonMobil India-Indian Oil Corp's LNG MOU
ExxonMobil India LNG Ltd has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOC) to build natural gas pipeline networks. The two oil giants will work on cost-effective models of delivering natural gas and accelerate the country's access to cleaner energy.
Other projects:
·        Saudi oil company Aramco will invest in the West Coast refinery project in Maharashtra.
·        UAE's ADNOC and Indian Oil Corporation will work together to supply ADNOC's high- quality oil Adbase in India, which will be used for manufacturing engine oils for the automotive sector.
·        UAE state oil giant ADNOC plans to invest $ 45 bn in India in a downstream expansion.
·        Total S.A. buys a 37.4% stake in Adani Gas.
Conclusion
The Indian government understands the importance of oil and gas products for the growth of the Indian economy. That's why it is investing in building pipelines and oil exploration. A lot of foreign companies like Aramco, Total, Shell, BP PLC, and ExxonMobil, Vedanta, and others are also showing faith in the Indian oil and gas industry. With billion-dollar of investments, the industry will grow in the next few years, creating thousands of jobs for local people. As the best placement agency in this sector, we can help oil and gas companies to find and recruit talents for upstream, midstream, and downstream jobs.
At Perito, we provide contract and permanent staffing solutions in the oil and gas sector. We have a strong database of experienced oil and gas professionals. We can quickly source the right professionals who fit the jobs and your organization's structure. With PAN India presence and expertise in the global market, we provide expert staffing solutions to oil and gas companies located anywhere in the country and overseas.
We can help you hire for:
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Let us help you find the best professionals with the right skills in less time and budget. Contact us today!
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