Month: March 2023
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UAE and Israel’s Comprehensive Economic Partnership Agreement (CEPA) to take effect from April 1, 2023
Starting from April 1st, 2023, the UAE-Israel CEPA will offer several new advantages for businesses, which includes wider market access for UAE goods to enter the Israeli market, covering over 96% of tariff lines and 99% of the trade value. The agreement will also create an open and unbiased environment for cross-border trade with Israel.…
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Global Banking Crisis Concerns Ease, Leading to Drop in Gold Prices in UAE
Wed 29 Mar 2023, Spot gold was trading 0.33 per cent lower at $1,965.42 per ounce, as of 9.40 am UAE time. In the UAE, the 24K gold was trading at Dh238.0 per gram at the opening of the market on Wednesday. Meanwhile, 22K, 21K and 18K opened at D220.5, Dh213.25 and Dh182.75 per gram,…
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The Power of Gratitude
What’s something most people don’t understand? What’s something most people don’t understand? That’s a great question, and one that I’ve been thinking about a lot lately. There are so many things in this world that are complex, nuanced, and often misunderstood by the general public. But if I had to pick one thing that most…
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Mastering Cash Flow: A Guide to Effective Management in the UAE Market
If you are a business owner or an entrepreneur in the UAE market, you know how important it is to optimize your cash flow management. Cash flow is the lifeblood of every organization, and it can make or break your profitability, growth, and sustainability. In this blog post, we will share with you some tips…
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Impact of Technology in your Job
How has technology changed your job? Technology has had a significant impact on our jobs, both positive and negative, by changing the way we work, communicate, and conduct business. Some of the ways technology has changed human jobs include: Overall, the impact of technology on our jobs is complex and multifaceted, with both benefits and…
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Understanding the different types of Trust Receipt (TR)
There are generally two types of Trust Receipts that are commonly used in international trade transactions: In both cases, the borrower is responsible for the goods until they are fully paid off, and the bank or financial institution retains ownership of the goods until the borrower completes the repayment of the loan. The terms and…
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Illustration of Trust Receipt (TR)
A trust receipt also called as clean import loan, is a financial document used in international trade transactions, where a bank or financial institution releases goods to a buyer who has not yet paid for them. Essentially, the bank or financial institution will take ownership of the goods until the buyer pays for them, and…
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Its OK to say NO
How often do you say “no” to things that would interfere with your goals? The frequency with which you say “no” to other people’s requests depends on your individual circumstances, priorities, and values. It’s important to remember that saying “no” is a valid and necessary part of setting boundaries and prioritizing your time and resources.…
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Navigating the Letter of Credit Process as a Seller: Understanding the Steps Involved
As a seller, the process of dealing with a Letter of Credit (LC) involves several steps to ensure that the transaction is carried out in a secure and efficient manner. Here are the general steps involved in dealing with an LC from the seller’s point of view: It’s important to note that the seller should…
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A Buyer’s Guide to the Letter of Credit Process: Understanding the Steps Involved
As a buyer, the process of opening a Letter of Credit (LC) involves several steps to ensure that the transaction is carried out in a secure and efficient manner. Here are the general steps involved in opening an LC from the buyer’s point of view: It’s important to note that the buyer should seek professional…
Corporate Finance 