Why Western talent is a necessity to Middle Eastern markets

Today and during the past many years, the working position and the salary of an employee depend on country of origin in addition to skills and education qualifications. Read more

Employers to cancel Labor Cards online

The Ministries of Labour and Interior will jointly implement the Electronic Cancellation Service of Labor Card with effect from Sunday, reports the official news agency WAM.

The move comes in line with the first phase of electronic link between the two ministries to boost the strategic partnership and achieve qualitative shift in exchange of data and information.

In accordance with this service, applicant firms seeking cancellation of work permits and labour cards will apply to the service centres “Tesheel” set up for this purpose nationwide to transact the cancellation
procedures. Read more

Balance between short-term needs and long-term strategy essential

Short-term thinking has hit the headlines in recent years as the catalyst for the recent economic crisis. As regional business continues to evolve at a rapid pace, CIMA (Chartered Institute of Management Accountants) addressed a group of financial and business professionals in Dubai today and addressed what it takes to build a successful and sustainable business over the long-term.

While a long-term strategy is essential, regional businesses must find a way of marrying their short-term operational goals to their future vision if they are to thrive in a corporate landscape that is increasingly aligned to serving the public interest, according to CIMA.

Ray Perry, CIMA executive director, says “We started the seminar today with discussing the challenging business landscape. Events over the past few years have brought new urgency to the age-old debate of how business fits into society. Companies are being chastised for focusing on their own self interest and told to focus on the long-term. Added to this are environmental and technological challenges, such as globalisation and the surge in modern communications, which can spread toxic corporate information in a matter of seconds.” Read more