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So far Mushafiq Ashai has created 35 blog entries.

UAE approves 100% Foreign ownership starting 1st of June 2021

The Ministry of Economy had announced the Federal Commercial Companies Law No. 2 of 2015 that was previously amended to be finally put in effect. Effective 1st June 2021, the Government of the United Arab Emirates (UAE) will allow foreign investors to fully own local companies with certain activities without an Emarati sponsor. The activities considered to have strategic impact on the UAE's economy will be applied under the amended law and can be applied to both old and new onshore licenses. Various activities from oil and gas, telecom, commercial agency, banking insurance, labour supply, and utilities' sectors, however, will not be included in the recent amendment. But considering UAE's open foreign direct investment policy, these also may be revised in future. In line with the UAE's comprehensive vision to strengthen its position as a global investment destination, the amendment to [...]

2021-05-25T15:15:32+01:0024 May 2021|
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Dubai Economy and Amazon join hands to support start-ups

Dubai Economy and Amazon join hands to support start-ups thrive in the digital economy The Business Registration and Licensing (BRL) sector in Dubai Economy and Amazon have launched a new programme to support DED Trader license holders by providing interactive e-Learning content to help them thrive in the digital economy. The new programme is part of the cooperation between Dubai Economy and Amazon to support DED Trader license holders interested in making their products available to more customers and growing their businesses online. The programme will offer access to the Amazon Seller University, which provides a series of training videos and resources that will help participant’s master key tools and applications to build their brand and expand their businesses to reach millions of customers via Amazon.ae. Amazon will curate a dedicated storefront on Amazon.ae to showcase products available from DED Trader [...]

2021-05-04T13:49:52+01:004 May 2021|
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Dubai Economy and DIFC join hands to unify e-KYC Platforms

Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to consolidate efforts and expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC Platform, making it the first such platform in the region. It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through advanced distributed technologies. The founding Consortium Members include Dubai Economy, Dubai International Financial Centre, Emirates NBD, Emirates Islamic, Commercial Bank of Dubai, HSBC, Abu Dhabi Commercial Bank, RAKBANK and Mashreq Bank. The first phase went live in 2020 and more entities have joined since resulting in the platform holding close to 50 per cent of corporate e-KYC records in UAE. Dubai Economy is focused on strengthening the digital economy and the launch of the [...]

2021-05-04T13:37:11+01:004 May 2021|
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Lheidy

Year 2020 is a tough year for all of us. This pandemic leads me and became one of the reason why I’m with Oryx World Business Center. I been working for 5 months now as Receptionist and in every single day, everything/everyone is so approachable & kind. When I have spare time outside, I loved going out with my family, travelling with my friends but when I’m home I loved reading novel books and watching series. My first most memorable thing happened to me here at Oryx, I still remember it was my Birthday (year 2021), I never expect that OWBC staff will surprise me even its just my 2nd day since I start with them, simple birthday cake means so much for me. And so far, I’m still getting to know each one of my colleague slowly slowly. Years from [...]

2021-05-04T13:24:23+01:004 May 2021|
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Joriza

I still remember, after a long interview with Ms. Jen, I looked around the OWBC facility, I dreamed of being selected and being able to work in a beautiful and orderly environment. Thank God and Ms. Jen, the Oryx World Business Center has given me a great opportunity. And I now realize that I am sitting on the frontline, like the reaction of different people, amazed at the beauty of the Oryx World facility. I am proud to belong to the Oryx World family! Currently, I am working at Oryx World for one year and 6 months as the Admin / Receptionist of the company. In my spare time, I like to arrange my belongings, reading inspirational books and roam near my place with my scooter. Since I was a child, with my 2 siblings, we have been zealous in Church [...]

2021-05-04T13:16:45+01:004 May 2021|
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Happy Holidays from OWBC

Season’s Greetings! The holiday season is a perfect time to reflect on our blessings no matter how little it can be, it’s still a blessing. May we seek out ways to make life better for those around us. From all of us in Oryx World Business Centre, we wish everyone who’s celebrating a very merry Christmas!

2021-05-04T13:43:33+01:0022 December 2020|
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OWBC continue to support Breast Awareness

Breast cancer is one of the most common type of cancer among women. It is a disease in which malignant (cancer) cells form in the tissues of the breast. In the United States, 1 in 8 women will develop breast cancer in their lifetime as per studies. And although rare, men get breast cancer too. According to the National Breast Cancer Organization, the lifetime risk for US men is about 1 in 1,000.

2021-05-04T15:10:35+01:0026 October 2020|
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Dubai Customs Launches World Logistics Passport

Dubai Customs on Sunday launched the World Logistics Passport as part of the implementation of the first phase of the Dubai Silk Road strategy. The passport will help boost the role of the Dubai Silk Road and enhance demand for Dubai's products, services and integrated transportation systems. The unique initiative also further raises the growing role played by Dubai Customs in regional and international trade. Commenting on the initiative, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said that the implementation of the Dubai Silk Road strategy marks the beginning of a new phase of economic growth that will further boost Dubai's position as a global economic and business hub, powered by its exceptional connectivity and logistics services. He also said that the Dubai Silk Road strategy paves the way [...]

2019-11-10T05:23:07+00:0010 November 2019|
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Expo 2020 Dubai: New Era of Economic Expansion Awaits

With one year to go, Expo 2020 Dubai is already having a positive impact on the economy It’s time to do more business. The first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region and largest ever event to take place in the Arab world is paving the way for a robust economic impact on wide-ranging sectors in the UAE. From construction to retail and transport to the restaurant and hotel sectors, Expo 2020 Dubai is ushering in a new era of economic expansion not just in the UAE but also in the region and the world. In April 2019, Ernst & Young published an independent report that stated Expo 2020 Dubai is already having a substantial economic impact and is expected to continue to do so over the next decade and beyond. Additionally, UAE’s [...]

2019-11-10T05:12:58+00:0010 November 2019|
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