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Business & Finance

Dubai is leading the region's signage revolution because it is the preferred business hub. Companies open businesses here because they can see how successful they can be in a place where it is easy to establish, that has excellent communications facilities and an international airport which has good transportation links throughout the entire region.

Business Hours

The weekend has traditionally been Thursday afternoon and Friday, but some organisations now close on Friday and Saturday, working through Thursday afternoon instead. Government offices are open from 7.30am to 1.30pm ( 7.30am to 12 noon on Thursday).

Private sector office hours vary, but are generally from 8am to 1pm, reopening at either 3pm or 4pm and closing at 6pm or 7pm.

Shop hours are similar in their opening times, but remain open until 9-10pm. Department stores, boutiques, the souks and many food shops remain open on a Friday, apart from Prayer Times (11.30-1.30), while larger shops re-open on a Friday afternoon around 4pm - 5pm.

Weights and Measures

Officially the metric system is followed, although British and American standard weights and measures are understood by most merchants. Local weights and measures are also used occasionally, but seldom for international trade.

Credit Cards

Major credit cards such as Diners, American Express, Access/Mastercard and Visa, are accepted at the major hotels and some of the larger shops. Cash is preferred by most vendors, however, and will usually gain visitors a better price.

Currency

The monetary unit is the Dirham (Dh) which is divided into 100 fils. The Dirham is linked to the Special Drawing Right of the International Monetary Fund.

It has been held constant against the US Dollar since the end of 1980 at a mid-rate of approximately US$ 1 = Dh 3.67.

Banks

Both the local banks and the many international banks represented by branches in Dubai, provide usual commercial banking services.

Transfers can be made without difficulty as there is no exchange control and the Dirham is freely convertible.

Bank hours are 8am to 1pm, Saturday through Wednesday, although some also open from 4.30 to 6.30pm. On Thursdays banks operate only from 8am to noon.

Exchange houses are open from 8.30am to 1pm and 4.30 to 8.30pm.

Driving Licences

A temporary local driving licence is issued when you hire a self-drive vehicle, if you can produce a valid passport, two photographs, and an international driving licence. A national licence from any of the following countries is acceptable in place of an international licence: Austria, Belgium, Canada, Denmark, France, West Germany, Greece, Italy, Japan, Netherlands, Norway, Spain, Sweden, Switzerland, Turkey, UK and USA.

Duty Free Allowance

There are no restrictions on the amount of currency you may bring to Dubai, and no customs duty on personal effects accompanied or unaccompanied. There is a Duty Free store at the airport for incoming visitors, but it does not stock liquor.

Conferences & exhibitions

The Dubai International Congress Centre can accommodate 10,000 delegates. At Port Rashid in Dubai, the new cruise terminal has a wide range of facilities including a business centre with Internet access and a conference room. Dubai World Trade Centre hosts a multitude of events (including car rallies and tennis exhibitions). Many hotels in the UAE offer high-standard conference and meeting facilities. For further information on conference and convention facilities, contact the Dubai World Trade Centre, PO Box 9292, Dubai (tel: (4) 332 1000; fax: (4) 331 2173

 
 

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