Dubai grants new business privileges to ‘Emiratis of determination’

Citizens who are deemed to be ‘people of determination’ will be entitled to business privileges in Dubai. (Reuters)
Updated 10 February 2018
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Dubai grants new business privileges to ‘Emiratis of determination’

LONDON: Dubai-based companies that are owned by people with disabilities, or ‘people of determination,’ are set to get new business perks from the government.
The local municipality will offer UAE nationals with disabilities ‘preferential’ treatment at the purchasing section in the Contracts and Purchasing Department of Dubai Municipality, said a report from Dubai’s state news agency WAM.
In April last year, Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum decreed that disabled people would be known as ‘people of determination’ in a move to recognize “their monumental efforts in overcoming all challenges.”
Those who possess the People of Determination card issued by the Ministry of Community Development, or Sanad Card issued by the Community Development Authority in Dubai, are entitled to the business privileges.
Mohammed Al Zaffin, Director of the Contracts and Purchasing Department at the Dubai Municipality, said: “The privileges include prioritizing people of determination who are UAE nationals with a bid price difference of five percent, exempting them from registration and renewal fees for suppliers and prioritizing their purchase orders for less than 10,000 dirhams.”
He added that the privileges also include exclusive offers, prioritizing the disbursement of financial payments to their companies, and accepting the receipt of documents by email, without the need to be present at the office.
Al-Zaffin said: “These privileges are part of the social commitment of the municipality, to support and empower people of determination and appreciate their efforts and potential. The municipality attaches significant importance to people of determination and is keen to establish and launch initiatives to support them,” he said.
The initiative is part of Dubai’s National Strategy for Empowering People with Disabilities, which revolves around six pillars including health and rehabilitation, education, vocational rehabilitation and employment, mobility and social protection.
At the time of the launch of the strategy, Sheikh Mohammed said: “Disability is in fact the inability to make progress and achievements. The achievements that people of determination have made in various spheres over the past years are proof that determination and strong will can do the impossible and encourage people to counter challenges and difficult circumstances while firmly achieving their goals.”


DP World first-half profit dips 2.1%

Updated 16 August 2018
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DP World first-half profit dips 2.1%

  • ‘The near-term trade outlook remains uncertain with recent changes in trade policies and geopolitical headwinds in some regions continuing to pose uncertainty to the container market’
  • DP World recently won a 30-year concession for the management and development of a port project at Banana in the Democratic Republic of the Congo

DUBAI: DP World, one of the world’s biggest port operators, posted a 2.1 percent drop in first-half net profit on Thursday, and cautioned about geopolitical risks and recent changes to trade policies.
US President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from other countries such as China.
“The near-term trade outlook remains uncertain with recent changes in trade policies and geopolitical headwinds in some regions continuing to pose uncertainty to the container market,” said the company’s chairman and chief executive, Sultan Ahmed bin Sulayem.
“However, the robust financial performance of the first six months also leaves us well placed for 2018 and we expect to see increased contributions from our recent investments in the second half of the year,” he said in a statement.
Lower export orders and car sales are likely to slow world trade growth in the third quarter, the World Trade Organization said recently, as a global tariff crusade by Trump to protect American jobs begins to bite.
DP World said it posted a net profit attributable to owners of the company of $593 million in the first half of the year, compared to $606 million during the same period a year earlier.
Cash from operating activities was recorded at $979 million in the first half, slightly lower than $1.0 billion a year earlier.
The port operator said capital expenditure guidance for 2018 remains unchanged at up to $1.4 billion with investments planned in the United Arab Emirates, Posorja (Ecuador), Berbera (Somaliland), Sokhna (Egypt) and London Gateway.
DP World recently won a 30-year concession for the management and development of a port project at Banana in the Democratic Republic of the Congo, which currently has no direct deep-sea port despite being Africa’s third-most populous country.