UAE’s new foreign ownership law has what it takes to drive new business, investments

Dubai: The UAE Government’s latest decision allowing full ownership by foreign nationals of their businesses will only accelerate what’s already been happening at the ground level in the last two to three years. What the new Presidential Decree does is open up more business categories to be launched without the need for a UAE national […]

Snapchat challenges TikTok with curated video feed

San Francisco: Snapchat on Monday unveiled a new curated short-form video feed in a stepped up challenge to social media rivals like TikTok. The new format called Spotlight will allow Snapchatters to see content from influencers and other members of the network popular with young smartphone users. Spotlight is aimed at broadening the connections among […]

Gold drops to a four-month low on vaccine news, Biden transition

Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden. The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday, following weeks of inaction, and President Donald Trump called on his agencies […]

UAE golden visa: Which other countries offer such residency visas?

UAE’s golden visa is aimed at investors, talented professionals and gifted individuals Dubai: UAE announced golden visas for more categories of individuals last week, opening up the possibility of long and renewable residency for them in the country. The golden visa offers renewable 5 or 10 year residency based on the applicant’s profile. UAE’s golden […]

Toyota to end recommendation-based hiring

Toyota Motor Corp. plans to abolish its school recommendation-based hiring of new science and engineering degree holders from universities and graduate schools, The Yomiuri Shimbun has learned. The move is expected to make it easier for any student with a technical background to get a job at the automaker. Toyota will integrate the hiring process […]