Dubai Launched Unified Work Bundle for Over 275,000 Companies
The unified work package platform has now been rolled out to over 275,000 companies in Dubai, with plans to extend its availability to all Emirates within the coming weeks.
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Dubai has made significant progress in supporting its business sector by introducing a comprehensive Work Bundle, now accessible to more than 275,000 companies within the city. This move is part of a broader effort to streamline business processes, with the service set to expand across all Emirates in the near future.
Simplifying Business Operations Across the UAE
The United Arab Emirates has introduced this unified platform to simplify services related to hiring and visa renewals for employees, merging the procedures of five federal and local authorities into a single, efficient system.
Dr. Abdulrahman Awar, Minister of Human Resources and Emiratisation for the UAE, highlighted the platform’s aim to cut through red tape, making the UAE a more attractive destination for startups and entrepreneurs.
The initiative was launched in collaboration with various authorities, including the Federal Authority for Identity and Citizenship, Customs, Ports Security, Dubai Health, and the Department of Emiratisation, to facilitate seamless data exchange and improve operational efficiency for businesses.
During a press conference at the General Directorate of Residency and Foreigners Affairs in Dubai, officials detailed the Work Bundle’s objectives to minimize government red tape and ease procedures for companies, startups, and entrepreneurs.
This service is currently available on the Invest in Dubai platform and will be rolled out across the country, offering businesses the ability to complete transactions swiftly, including using the Emirates ID for payments, reflecting the UAE’s rapid digital transformation.
Lieutenant General Mohammed Ahmed Al Marri, Director General of the General Directorate of Residency and Foreigners Affairs in Dubai, emphasized that this announcement underscores the UAE’s commitment to attracting global companies by enhancing its digital infrastructure and administrative processes.
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Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
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Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
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