In many ways, the Internet has levelled the playing field for small business owners everywhere. Online businesses are relatively easy to start, without the kind of up-front costs a brick and mortar business demands. However, this relative ease doesn’t mean that you can jump in and hang out your shingle. Today, the e-commerce sector is…
The UAE is a thriving economic and financial destination in the Middle East. The past decade has seen the influx of a huge number of expatriate buyers and businessmen from a variety of business sectors to the UAE. A large majority of investors were in the technology sector, especially in the most modern technology sectors…
E-Commerce seems to be the buzzword of the present in the UAE, as companies transfer their operations online and individuals set up new businesses to market products online as a direct effect of Covid-19. In March 2020, the Khaleej Times published that the UAE’s e-commerce sector is expected to be worth almost AED 100 billion…
Have you always dreamed of setting up a new business on social media from home? You may want to market cosmetics and beauty products. Or you might already be selling products on your social media and thinking, ‘Is it legal to sell online in the UAE?’ Dubai has focused on being the leading e-commerce centre…
Health, fitness and wellbeing is indeed a huge business. As per the latest projections, by the end of 2021, the global demand for exercise equipment itself is expected to be worth AED 45 billion. Apart from the increase of equipment, applications and wearable devices, the need for a personal trainer is one of the major…
The company’s financial statements normally contain the statement of income, the balance sheet, and the statement of cash flow. The statement of income summarises income, expenditures, and earnings for the reporting period. The balance sheet reports the assets, liabilities, and equity of the lenders, and the cash flow statement summarises the cash inflows and outflows.…