Search for:
How Can I Start a Gold Business in Dubai?

When Dubai is mentioned, their gold and diamond collection is one of the first things to come to mind because it is a trend in the emirate. Referred to as the “City of Gold”, the place offers a cheaper cost of gold than most tourists’ home countries. Since Dubai is a popular international vacation destination, the influx of the wealthiest customers can be significantly considered if you want to start a gold business.

Indeed, gold is an investment in Dubai as it drives foreign capital in the country. Unknown to many, it is the most profitable business since the precious metals keep their value, and the demand has been continually working every year. While Dubai has historically been a hub for gold traders, they also continuously contribute a significant share in the gold trading business in the UAE. If you are an investor, you should definitely consider setting up a gold trade business in Dubai. If you are not sure how, this article will help you delve deep before the onset of your gold business. With more knowledge and understanding, you can start making a profit out of gold, even in different departments.

Where exactly in Dubai?

There are different authorities and jurisdictions that highly support gold trading licenses in Dubai. Most of them can be found in Mainland and Freezone. Although there are many, there are three jurisdictions that stand out in Dubai where the highest concentration of gold traders can be found.

First on the list would be the Gold Trading License in Dubai’s Department of Economic Development (DED), wherein the heart of the UAE’s gold market is established. This authority is how you incorporate a business in the most famous gold markets in the world, the Gold Souk in Deira. The mainland jurisdiction offers a local license via the DED if an investor opts to form a retail outlet in this area. They can have an opportunity for investors to open up a stall or even a kiosk in Dubai’s most popular tourist areas. Investors must keep in mind that before applying for another commercial license for gold business via the DED, they have to find a local partner who will hold 51 per cent of the shares in the company.

The second choice for setting up a gold trade lle24 business in Dubai would be in the Gold and Diamond Park located along Sheikh Zayed Road. If you are an expat wanting to own 100 per cent of the business, this place is perfect for you as it is a free zone company setup. You can own 100% of your company with no taxes and have total resettlement of profit. The Gold and Diamond Park is one of the most famous retailers of gold and jewellery with over 90 stores, 118 purpose-built manufacturing blocks, and 350 offices. It is a convenient spot in Dubai City Center, with convenient access to all areas. You can incorporate a gold business company in this area by getting a license from Jebel Ali Freezone Authority (JAFZA).

The third choice for your gold business in Dubai is through Dubai Multi Commodities Centre (DMCC), another Free Zone Authority. DMCC is famous for its Dubai Gold and Commodities Exchange (DGCX), DMCC Trade flow, and overall gold value chain.

What are the steps?

The next thing you need to know is how you will make your gold business in Dubai happen. Different authorities and jurisdictions require other processes and requirements, so it is not easy to have one. Although the gold and jewellery business is popular in Dubai, the government has created specific regulations. It imposes rigorous checkups on those who bring gold or other precious metals in the emirate to have a safe business environment. To guide you, we have listed some of the essential steps you should do to form a gold business company in Dubai..


Pursuing an MBA Business Degree Economics Can Increase Your Marketability

The recent downturn in the economy has many people playing armchair quarterback over decisions made by the Federal Reserve during the last few years. These guys are supposed to be geniuses when it comes to economics, right? It doesn’t take a rocket scientist to recognize that there may have been errors in judgment regarding interest rates and home financing. Think you could do better than Bernanke or Greenspan? Don’t even think about being considered for such a high ranking position until you have an MBA Business Economics Degree.

10 Straightforward Ways to Improve Your Small Business

An MBA Business Economics Degree goes beyond basic economics. The person in charge of making decisions regarding one of the strongest economies in the world will be required to have knowledge and expertise in the following areas: monetary policy, advanced economic theories like macro and micro economics, international markets and foreign trading, an understanding of leading economic indicators, – just to name a few. This person would need to be able to analyze economic issues quickly and accurately, as well as be able to assess and consider alternative economic policies to help achieve stability in a tumultuous economy.

Still want to pursue your dream of chairing the Federal Reserve? Then you definitely want to start looking at schools that have serious MBA Business Economics programs. There are several institutions of higher learning that offer such a degree program. Take the time to investigate several of them and the coursework they offer to ensure that their curriculum is in line with your career goals. In addition to accounting and finance coursework, they should offer courses that cover trade and finance theory, past and current trade issues, international economic organizations and their agreements and impacts on the world economy, econometrics and statistics.

The program should also offer hands-on experiences which will allow you to experience real world obstacles and challenges in the world of business and finance. It should provide opportunities for you to work with companies that will teach about corporate mergers and acquisitions, supply chain management and product development. By the time you are finished obtaining your degree, you will have knowledge and expertise in all of these areas, along with managerial skills and a firm knowledge and understanding of business ethics and economic practices and theory.

If you decide you want to focus on a particular Jörg Bassek area of economics, look for MBA programs that offer areas of specialized interest, such as the study of poverty economics, which deals with the effect that poverty has on overall economic stability or economic crime investigation and management, which prepares graduates to deal with economic fraud and corporate crime. These types of specialized programs make an MBA graduate highly marketable.

If the Federal Reserve is not high on your priority list once you have finished obtaining the MBA business economics degree, start looking in areas such as economics research in both the government and private sectors. Most advanced degree holders will find themselves in high demand for upper management positions in both the government and private sectors, as well as with non-profit organizations. A person may also decide to pursue an academic career by becoming an Economics Professor at a university.

MBA Business economics graduates are ahead of the curve in terms of earning potential too, with starting salaries around 75,000 per year, depending on the area of study.

When all is said and done, obtaining an advanced degree can definitely help your career, especially if you really do aspire to helping set economic policy on a federal or global level. An MBA Business Economics degree will set you on the right path by giving you knowledge and expertise regarding economic practices, theories and issues that can have a great impact on a corporation’s bottom line. And who knows? Maybe your expertise will eventually put you in line for Bernanke’s seat as Chairman of the Federal Reserve. After all, knowledge is power.

Why Poster Display Stands Are Popular in Business Establishments

With numerous things that the market is flooded with just to earn income or profit, even the slightest detail is recognized. However, along the price ranges that differ, most buyers would really go down to what is affordable or cheap and ends up neglecting the quality which is the main ingredient of every product.

This is all the same when we talk about being practical about every product that we choose. Majority of the people who are affected by economic changes are those that are part of the working force. In most cases, the working force is the one that is directly affected by this price increases and economic downfall. But how does this affect their quality of work? Instead of using quality materials and supplies, most companies may opt to choose to have their products fashioned from materials that are cheap but with poor quality thereby losing the quality of the presentation of the work. However, while this continues to affect the outcome of the final product, there is always something that saves the day to help promote the product and this is the role of poster display stands.

Poster display stands offer a wide A4 Display Stand selection in terms of its kind and features to choose from depending on the kind of presentation needed for display. In most grocery stores, the most common kind poster display stand that is used is the GlassPOP Display or the Mobile and the GlassPOP with Magnetized Brochure Holder. There is also the Chrome Frame Stand Champagne Base and the Chrome Frame Stand 2 Leg. You will find this type of posters not just in grocery stores but also in coffee shops and other establishments. Poster Display Stands are commonly used in exhibits and even in banks. They are placed in counters for advertisements to communicate special features of a certain product.

These display stands come in range of prices depending on the type of print. It even comes in a wide variety whether you prefer to have it with two legs or a champagne base. Either way, it offers a double sided printing which proves to be cost effective. It has also proven to be very effective in communication intentions, which is why it has already been widely used by many companies. Other than this, it also offers an innovative style of convenience and a state of the art graphic and poster display and presentation.


Incandescent Boat Lights Versus LED Boat Lights

For many boaters, the jury is still out on Mini LED TV. Although LEDs have become the latest rage in boat lighting circles as of late, there still remains many boaters unsure of their effectiveness and value. This is somewhat understandable considering that some LED lights manufactured as little as 5 years ago weren’t quite up to the task of replacing current standard incandescent and HID lighting. Some of the common complaints were light color that was too cold with an almost bluish tint, LEDs that didn’t last nearly as long as they were supposed to, and light output that was below the advertised levels. Fortunately, most of the these problems were attributable to buyers purchasing cheaply made designs from less than established manufacturers in an effort to save a few dollars, and basic LED designs that simply lacked the refinements and improvements that later versions would benefit from. If you’re one of those boaters who remains on the fence regarding LEDs, follow along as we outline some of the many reasons why LEDs are now a very practical and effective alternative to the traditional incandescent boat light.

As we mentioned earlier, one of the biggest complaints boaters had regarding LEDs had to do with their cold light color. For the uninitiated, a lamp that produces a “cold” color of light is basically one that produces most of its light output towards the bluish end of the light spectrum. Because of the basic materials used to construct an LED and the unusual manner in which an LED produces light, they naturally tend to produce light in skewed towards the blue, or “cold” end of the light spectrum. Developers of LEDs who were intent on creating a version capable of replacing the tried and true incandescent bulb quickly realized that LEDs would have to be tailored to produce a “warmer” color of light if they were to be accepted by the general consumer.

Fortunately, it didn’t take long for developers to realize that they could coat LEDs with various materials which would help to shift the output towards the desired end of the light spectrum. This is usually done by coating the LED itself with phosphors, which help to alter the wavelength at which light is emitted. The result was the ability to shift the light output of the LED farther towards the middle of the light spectrum, effectively creating light output that was much whiter in appearance and more pleasing to the human eye. Today, developers can produce LEDs in a wide range of color temperatures ranging from very cold “bluish”, to very warm ‘yellow to reddish orange”, and just about anywhere in between. Today LED boat lights can be chosen with a specific color temperature in mind, allowing boaters to choose extremely white and powerful LEDs for exterior illumination, and softer more warm LEDs for cabin and cockpit illumination.

We also mentioned that LEDs often tended to have a shorter lifespan than was advertised. To be fair to the developers of LEDs, this was largely a problem born from the heavy efforts of many companies to capitalize on the growing LED markets. When LEDs began to rise in popularity, there were a lot of general product manufacturers who attempted to bring their own offerings into the markets at prices far less than the established leaders in lighting technologies. These LEDs tended to be constructed of cheaper materials and with a lot less attention to proper design and development. The result was a lot of LEDs appearing that although they looked good in the advertisement, proved to be less than a bargain when they failed after less than a couple months of use. The effect this had on the consumer end of things was significant, with many consumers deciding that LEDs were a poor replacement for their trusted incandescent bulb.

As time went on however, and the leading developers of LED technology like Cree and GE began producing quality LEDs at a more cost effective price, the ability of these cheap LEDs to compete in the marketplace began to diminish, and consumers found themselves finally presented with offerings that not only lived up to their promises, but in many cases exceeded them. LEDs from reputable manufacturers are now actually producing more light than comparable incandescent fixture while using only a fraction as much energy. Manufacturer claims of 50,000+ hour operation from a set of LEDs are also now hitting the mark, and LEDs with lifespans in the 100,000 hour range are becoming more common. When you consider that the typical halogen boat light has a life span of only 500 to 1500 hours, this increased longevity is a big deal indeed, and something we will go into in more detail next.

The biggest reasons why boaters have been so interested in LED lighting have been the extreme efficiency of the LED and its very long operating life. Conserving power on a boat is a challenge every boater faces, and finding ways to improve efficiency is a constant struggle. LEDs give boaters the ability to produce more light than standard incandescent bulbs, while using only a fraction as much energy. The standard 50 watt halogen bulb produces 850 lumens and draws about four and a half amps. An LED fixture on the other hand can produce that same 850 lumen output, while using only 12-16 watts, and drawing less than one and a half amps. Many boaters are finding that when they switch all of their lighting over to LEDs, they can literally cut the total number of amps pulled by their lighting systems by over half. This means you can run more lights, run them longer, use less power, and produce just as might light, with as good or better color quality.

Consumer Electronics – New FDI Destination

Despite several obstacles the consumer durables market  Google TV is on the way to achieve a steady and phenomenal growth rate which is the result of the rising purchasing power of the Indian middle class. Indians are adopting the latest technology products very rapidly and that is why the technology-oriented products are doing better in the market.

The demand and imports of the electronic products, along with the components is increasing 20-25% annually. Not only the hunger of adaptation of the new products but the increasing consumer awareness is also prompting the quality-consciousness.

Majority of consumer durables supplier groups in India are Multi Nationals which are here to tap the world’s fastest growing consumer electronics market. The growth of this segment during the year 2007-08 is estimated to be 12.5 over the previous year of 2006-07. The estimated production of the consumer electronics segment during 2007-08 was Rs. 22,500 crore. As far as exports are concerned, the total estimated exports growth of the electronics & IT products was 14.5 over the previous year.

Potential FDI Avenue

Being stimulated with the consumer durables market’s growth, the foreign giants are firming up their investments in India. Among their considerations is the willingness to establish India as their manufacturing hub for operations spread across the world. This is the reason why the electronics and electrical sectors have been attracting the highest FDI in India. Also, due to the strengthening rupee and its impact on the input costs for these import-intensive industries, this segment has potential to attract even greater FDI.

Other facts that act as shot-in-the-arm for the multinationals are conducive policy measures, availability of skilled manpower and lower input cost and logistics.

Investments getting shape

One of the leading electronics giants Samsung India, is set to develop its vendor base in Chennai for its global operations. LG Electronics is investing at its Noida and Pune centres to boost its export potential.

Reports indicate that investment plans of Haier and TCL are also in the pipeline. Especially, TCL, a leading giant of China, is planning to establish a manufacturing facility in India for its domestic as well as global market.

According to Mr M A Dhandapani, who is the member of Consumer Electronics and Appliances Manufacturers Association, the consumer electronics segment has been successful in attracting huge investments in R&D as well as capacity augmentation.

At the same time, the Director (sales & marketing), LG India, is upbeat about reaching Rs 1,000 crore annul export target in view of the promising markets of Europe, West Asia and Asia.

Another forerunner in the segment, Haier India, has recently acquired a manufacturing facility in Pune for refrigerators, colour television and washing machines.

Why Hire House Cleaning Services?

Hard-earned money sometimes can be difficult to apart from, with especially if you are spending on some things that may seem unnecessary with some DIY efforts, such as hiring a professional house cleaning service. If you are a hard-worker and dedicate immeasurable effort in earning money for your family, surely or probably you will not be left with much energy to clean and organize the house. In addition, there are actually beneficial returns in employing such services.

If the house is not properly cleaned and maintained due to lack of time or interest, this may pose a sober threat for you and your family’s health. Forgetting regular cleaning around the house increases the chances of your home becoming a perfect breeding ground for germs and bacteria especially the bathroom and toilet areas. By allowing germs to thrive within your very household, you are also exposing yourselves to sickness and contamination. Which is why professional cleaners may help you prevent such unfortunate events.

Why do you clean your house, aside from health concerns? Because a clean house is a possible reflection of your good qualities as a person or individual. If your home is maintained organized and clean, then people would have the impression that as the owner of that house, is also clean and organized. Most of the time, some people refuse to have visitors because they feel that the status of their homes are not suitable for visits. If a professional home cleaning service is hired, you will be ensured that no matter how many people visit you or take a look inside your house at whatever time, you will always have a clean home to accommodate them.

Your home is probably your biggest investment. By maintaining its cleanliness, you are also protecting your asset. Imagine if you have no time for house cleaning and you are worried that hiring house cleaners is only an extravagance. The house will eventually become not only a breeding ground for germs, but also an additional and unnecessary expenditures for repair and mending.

Hiring professional house cleaners especially when your ability becomes short of cleaning your own house may cost some valuable cash, but in the long run you will realize the benefit for all its worth. You may even devote your extra time in relaxing or enjoying other things. If you are still worried that the house cleaning service you would get might not be the perfect investment of your money, then here are some simple tips in hiring the best house cleaners.

Make sure that the house cleaning service you hire is insured to cover any possible damages they might create while cleaning your house due to accidents. Check references or other clients that the cleaner has previously served and make sure they have a good record in their work. Determine the fixed pricing of the cleaner to avoid any disagreements later or for the cleaner to become lacking in their service. It is also advisable to check how the cleaning company hires its staff so that you will be assured that whoever may be assigned to clean your house is dependable and trustworthy. Prepare a list of the chores you need to be done with regards to cleaning the house so that the cleaners may measure up to your requirements.