On Monday, Arabian Business covered some of the most happening stories in the region, which included all the rules to follow during 52nd UAE National Day celebrations, Dubai ultra-rich target mansions in hunt for privacy, and more.
Here are five trending stories you missed yesterday.
Dubai enters top 10 of Global Power City Index, named best in world for corporate tax, unemployment, cleanliness
Dubai has entered the top 10 of world cities according to a prestigious power ranking.
As well as being the best in the Middle East and number eight in the world, it achieved top ranking on several key criteria.
Dubai wad ranked among the top 10 cities overall in the Global Power City Index (GPCI) 2023, a prestigious and internationally recognised league table issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan.
Dubai real estate: Ultra-rich target mansions in hunt for privacy
The demand for mansions in Dubai has increased significantly this year as more of the world’s wealthy flock to the UAE and tastes for luxury real estate begin to shift, experts told Arabian Business.
Mansions are typically popular among high net-worth individuals in cities like Los Angeles and Florida known for grand properties.
However, there has been a shift in demand towards Dubai as more wealthy people move there for its business-friendly laws and growing economy. This comes as US cities like LA implement mansion tax on properties over $5 million. Properties above $5 million are taxed 4 percent and over $10 million 5.5 percent.
UAE National Day 2023: All the rules to follow during 52nd Union celebrations
The UAE Ministry of the Interior has released a comprehensive set of guidelines for the public to follow during the upcoming National Day celebrations.
These guidelines emphasise the importance of ensuring safety and maintaining a civilised atmosphere of joy and happiness throughout the festivities.
Brigadier Engineer Hussein Ahmed Al Harithi, Chairman of the Federal Traffic Council, reiterated the Ministry’s call for strict adherence to laws and safety requirements. He also urged the public to enjoy the festive atmosphere responsibly, without causing harm or disturbance to others.
COP28 Dubai: Pressure mounts for meaningful climate action after COP27’s ‘disappointing’ outcome
As world leaders gear up to converge in Dubai this week for COP28, expectations are high that this year’s climate conference will move beyond dialogue to deliver concrete plans and commitments to tackle the climate crisis.
The inclusion of oil and gas companies for the first time signifies the importance of bringing all stakeholders to the table.
However, after a “disappointing” outcome at COP27 last year, experts are questioning whether COP28 can reinvigorate global climate progress through meaningful action.
UAE Gen Z are most difficult to work with due to older ’20th century bosses’, say experts
A recent report by ResumeBuilder, based on a survey of 1,344 American managers and business leaders, found 49 percent of respondents saying Gen Z employees are difficult to work with.
Key reasons contributing to the perception of difficulty in working with Gen Z employees include a perceived lack of technological skills (39 percent), effort (37 percent), and motivation (37 percent).
The impact of the COVID-19 pandemic and remote education on Gen Z’s ability to succeed in entry-level positions is also highlighted in the report.
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