Wednesday, March 30, 2016

RTA Dubai Police Traffic Fines

Here we take a look at the RTA in Dubai (Road & Transport Authority) and Dubai Traffic Police and the rules and regulations for driving in Dubai, the fines and points for offences and how to pay your fines online.

Online Dubai Police Fine Checker

Did you know you can check any traffic fines you may have got in the UAE on the Dubai Police website- saves any nasty surprises when you come to re-register your car.

Here is the link: http://ift.tt/1olyywF

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You can check the status of your traffic file and see if you have any fines- you can also pay online too. It sometimes takes a few days for your fines to appear on the system so if you have been issued a ticket for bad parking for example- check the site over a few days to wait for it to show up before you can pay it online.

You may log into the Dubai Police website http://ift.tt/1qpdfZH and register for free notification SMSs and/or e-mails. You will need to provide your vehicle information (plate number, category and code) as well your driver information (traffic file number, name, mobile number and e-mail).You have to clear your traffic fines in full before you can re-register any of your cars. It really is best to not save your fines all up till registration time- pay them off as you get them so you don’t get hit with a massive bill.

Vehicle Impounding in Dubai

Following a new decree issued by HH Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai, aimed at ensuring traffic safety, reducing traffic accidents and preserving lives and properties, drivers that fall into the following categories will face having their car impounded by Dubai Police:

  • A vehicle will be seized if used in road races
  • Riding quadbikes on paved roads without a prior permit from Dubai Police
  • Vehicles with speed boosters and other illegal modifications causing disturbance to others
  • Expired registration for more than three months without any valid excuse
  • Reckless driving or trying to dodge the police
  • Vehicle with traffic fines exceeding AED 6,000

Dubai Police are also authorised to auction off impounded cars if the owner doesn’t make the necessary arrangements to release the car within three months of the vehicle’s seizure.

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Tuesday, March 29, 2016

Repost: Mind the gap: A guide to bridge financing in the Middle East

LoanMost entrepreneurs hope that their fundraising efforts will result in a venture capital equity financing.  However, it is not uncommon for companies to meet their cash flow demands by raising convertible debt prior to or between equity rounds, and many angel investors will only participate in a new venture on this basis.

This type of debt is known as a “bridge loan,” as it is a short-term loan that is designed to fund the business until it can raise equity capital.

Bridge loans provide the company with funding in the form of debt that will convert into equity upon the achievement of certain milestones or occurrence of certain triggers.

Bridge financing provides unique opportunities and challenges to both entrepreneurs and investors.  We have set out the key features of convertible debt instruments…

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Monday, March 14, 2016

Tips on How to Start a Business

Discover great tips on how to start a business by Richard Branson.

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Sir Richard Charles Nicholas BransonSir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate, investor, and philanthropist. He is best known as the founder of Virgin Group, which comprises more than 400 companies.Branson expressed his desire to become an entrepreneur at a young age. At the age of sixteen his first business venture was a magazine called Student. In 1970, he set up a mail-order record business. In 1972, he opened a chain of record stores, Virgin Records, later known as Virgin Megastores. Branson’s Virgin brand grew rapidly during the 1980s, as he set up Virgin Atlantic and expanded the Virgin Records music label.

In March 2000, Branson was knighted at Buckingham Palace for “services to entrepreneurship”. In July 2015, Forbes listed Branson’s estimated net worth at US $5.2 billion.

Source: Wikipedia.org




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Emirates sees higher profits but cites lower oil industry demand

Emirates sees higher profits but cites lower oil industry demand

Emirates airline will show “significantly higher” 2015/16 annual profits, but some business has evaporated due to the recent slump in oil prices, its president Tim Clark said on Thursday.

The Dubai carrier is considering downgrading A380 services to Houston because of falling demand from the oil industry, which overall represents its biggest corporate customer, Clark told reporters during the ITB tourism exhibition in Berlin.

“On the one hand you save on the operating costs, but your yield starts to fall because your corporate business is disappearing so it’s a double-edged sword,” Clark said.

“On balance, the airline community is doing better as a result of the lower oil price.”

The remarks echo cautionary comments by the head of Qatar Airways, who said on Wednesday that premium-cabin yields were falling because of reduced spending by oil-producing countries and weaker business sentiment.

Clark said Emirates is still interested in an upgraded version of the Airbus A380 superjumbo, known as the A380neo, a project shelved for the time being by the European planemaker as it focuses on a potential bigger version of its A350 model.

Clark questioned Airbus’s proposal to add to the A350 family and contrasted the clarity of its wide-body decisions unfavourably with that of its U.S. competitor Boeing.

“There seems to be a certain amount of cloudiness down there. One minute they are quite keen – I don’t know if they can afford to do the A380neo and the (new) A350,” he said.

“Airbus have got to rationalise a few things,” he added.

In 2014, Emirates cancelled an order for 70 A350 aircraft.

It is now in the advanced stage of once again evaluating the A350-900 against Boeing’s 787-9 and 787-10, Clark said, but he declined to say when the mid-sized jet contest would be settled.




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Sunday, March 13, 2016

Ferrari crash driver ‘knew what he was doing’ behind wheel of sports car

The Canadian man behind the wheel of the Ferrari 458 Spider when it crashed was a capable driver, the company that rented the supercar to him said on Tuesday.

Golden Gate Rent A Car said that James Portuondo ordered the car to be delivered to the Bonnington Hotel in Jumeirah Lakes Towers, where he and his cousin, Cody Nixon were staying.

“It was James who signed the contract and rented the car,” said a source at the company. “He had requested that Cody be a second driver but we refused because he’s under the age of 25.” The source said three employees were sent to the hotel to ensure the handover went smoothly and that Portuondo was, in fact, able to drive a supercar.

“The Ferrari 458 Spider is not like a normal vehicle, it’s different from A to Z, and we need to make sure that the driver knows how to handle it and how to drive it,” he said. “James knew what he was doing and had obviously been familiar with the vehicle.”

The rental company source said that Portuondo was briefed on Dubai’s rules and regulations and that it was stressed to him that the UAE has a zero-tolerance policy for driving under the influence of alcohol.

A forensics report revealed that all four occupants had been drinking that night.

It is unclear whether the car’s insurance company will cover costs, as regulations in Dubai state that companies do not need to cover incidents caused by drink-driving.

However, the source said: “We hope that the insurance company does cover costs, and we hope that the law protects us, because we had done everything right and legally, and we warned the client against drinking while driving and against speed.

“At the end of the day, we are not upset about the car, we are upset about the people who lost their lives.”

He went on to describe the scene of the incident as “horrendous and awful”.

The company notified Portuondo’s parents of his death, saying: “James gave us a number to contact in case anything happens, and so we called the family to tell them the news.”

The source said that the family was understandably distraught. However, he denied reports that the company had requested the family to come to pick up their son’s passport.

“We called them with all sympathy and respect, and we are truly sorry for their loss, but we don’t even have the passport,” he said.

“My advice to anyone who wants to rent such cars is please be careful, and do not drive recklessly. These cars are more for show than speeding on public streets.”

A Bonnington Hotel spokeswoman said they had no information and would not comment.

Resource: http://snip.ly/b703j

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Saturday, March 12, 2016

RePost: Appeals court acquits jailed Customs man of kidnapping

A Customs inspector who was sentenced to three years in jail for kidnapping a female friend was on Wednesday acquitted by the Dubai Court of Appeal.

The court overturned the term handed out to Emirati K A, 28, in October last year.

But he was found guilty of physically assaulting Serbian S B, also 28, and endangering her life.

He was sentenced to three months in jail on these two charges and fined Dh2,000.

The friend, who works for a computer services company, said he invited her to dinner on August 23, 2013.

“He asked me to park my car in a Jumeirah shopping mall and then he would come to pick me up,” she said.

The pair then went to a hotel in Festival City, where they had dinner and drank alcohol.

“At about 11pm, I asked him to drive me back to my car but instead he drove towards Sharjah,” she said.

“I asked him to take the first exit to Dubai but he sped up and only took the exit when I opened the door.”

She said he pulled her hair, slapped her face and kicked her legs. She opened the car door again and was about to jump out when he pulled her back by her hair.

Eventually she managed to jump out of the moving car.

She suffered bruising all over her body and the loss of sight in one eye in the fall. However, a forensic report said her loss of sight may not have been caused by the incident.

The appeals court also overturned an order to confiscate his car and a ruling that he pay her Dh21,000 in temporary compensation.

S B has the right to file a civil law suit requesting compensation.

Resource: http://snip.ly/hms5e

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Friday, March 11, 2016

Dubai issues Open Data Law

Dubai has issued a new law regulating the dissemination and exchange of data in the Emirate. This is one of the first open data initiatives in the Middle East and is beingpromoted by the Prime Minister’s office as a significant step forward in Dubai’s cyber legislation and smart city ambitions.

What is the law and when did it come into force?

Dubai Law No.26 of 2015 (the Open Data Law) was formally published in the Official Gazette of the Government of Dubai on 27 December 2015 after being announced earlier in the year. It came into force on the date of publication.

What does it cover?

The Open Data Law regulates the use and sharing of “Dubai Data”, which is defined as any data related to the Emirate of Dubai and available to data providers.

For these purposes, “data” means any set of organised or unorganised information, facts, concepts, instructions, observations or measurements in any form that are collected, produced or processed through data providers. A “data provider” is any UAE federal government entity, Dubai government entity (including authorities supervising special development zones and free zones) or any other person specified by the competent authority (see also ‘Who will enforce the Open Data Law?’ below).

Who does it affect?

The Open Data Law is stated to apply to UAE federal government entities in possession of data relating to Dubai, local (i.e. Dubai) government entities and any other persons specified by the competent authority that produce, own, publish or exchange data relating to Dubai.

Accordingly, the potential application could be very wide depending on the competent authority’s approach to classifying entities as “data providers”. Article 3(3) states that specified persons may include individuals, establishments or companies existing anywhere in Dubai, including Dubai International Financial Centre and other free zones.

What are the key implications of the Dubai Open Data Law?

According to Article 15, Dubai Data is deemed to form part of the assets of Dubai Government. Dubai Data cannot be disposed of by data providers or users other than in accordance with the Open Data Law and any supporting regulations. This is potentially very significant for commercial entities that are deemed to be data providers by the competent authority as they will be required to classify their data as “open” or “shared” (see below) and to meet the other requirements on data providers relating to the sharing of this data.

UAE government ministries and departments will become obliged to make certain data sets available. The stated intentions of the Law include helping Dubai to achieve its vision of becoming a smart city, enhancing transparency, increasing the efficiency of government services and consolidating a culture of creativity and innovation. Other open data programmes around the world have focused on similar objectives and it will be interesting to monitor how the Open Data Law increases the availability of government datasets for personal, academic and commercial re-use.

The means through which Dubai Data will be made available will be determined by the competent authority. The Open Data Law envisages dissemination and exchange of the data via an electronic platform, bulletins, reports and other methods. The authority will approve policies for the provision of data and establish criteria and rules regarding data sharing, including technical protocols.

Article 10 states that data providers must supply the “fundamental infrastructure” specified by the competent authority for the sharing of Dubai Data, including IT systems, data protection and security measures, and links to the electronic platform and other systems specified by the competent authority. This may place an immediate burden on certain data providers to upgrade their systems to meet the authority’s requirements and the costs will presumably be borne by the data providers. The Open Data Law does not refer to any sharing of costs between providers and the authority or government.

Local government entities in Dubai must commit to a number of detailed obligations including classifying their data according to the Dubai Data Directory (to be published by the competent authority), preparing a data sharing plan and timetable to be approved by the authority, adopting all measures necessary for data sharing according to the authority’s policies, identifying potential constraints to data sharing, ensuring data quality, and providing the authority with information or reports upon request.

Other data providers (i.e. federal government entities and corporates or individuals identified by the authority) will have different – and presumably less onerous – compliance requirements. These are to be specified by the competent authority.

Another key feature of the Open Data Law is the power given to the authority to specify certain “reference records” and to determine the entities who will be responsible for the same. A “reference record” is any record identified by the authority that contains a specific and consistent type of Dubai Data. It appears that the intention of this part of the law is to create a single reliable source for certain information, which would be consistent with the objectives of increasing the efficiency of government services and supporting government decision making. It may also assist other users by reducing duplication and inconsistency across datasets.

How will Dubai Data be classified?

Dubai Data will be classified into one of two categories:

  1. Open Data: information that may be published without restriction or with the minimum restrictions specified by the competent authority.
  2. Shared Data: information that may be exchange between data providers according to conditions and criteria specified by the competent authority.

It is difficult to assess the impact of these classifications until the relevant restrictions, criteria and supporting policies are published by the authority. However, it is notable that the Open Data Law suggests that any information deemed to be “Dubai Data” will either be made open or available for sharing; there is nothing in the law that appears to allow data providers to refuse to make available any information that they produce or collate information concerning the Emirate if they are deemed data providers by the authority.

Article 9 does acknowledge that data providers should not prejudice any rules of confidentiality or intellectual property rights, which may provide a route for commercial providers to retain some control over certain datasets. This issue will need to be assessed once the relevant supporting guidance is published and the competent authority begins to enforce the new law.

Article 13 relates to the protection of data subjects. It states that the provisions of the Dubai Open Data Law shall not contravene the legal protection granted under applicable data legislation and that data providers should take all necessary measures to maintain the confidentiality and privacy of users’ data throughout the data sharing process. This is an important recognition of personal rights. Although the UAE does not currently have a federal data privacy law, there are criminal laws preventing the unauthorised disclosure of certain information and free zone regulations that protect certain data types. It appears that the Open Data Law is not intended to override these personal rights.

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