How does Remitly Nepal Pay your money?

Ranga Singh
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I have been doing the remittance business in Nepal for the last 15 years. There were only a few international companies that could send money. As I recall 15 years ago, it took at least two days, and sometimes even a week, to pay money to the beneficiary. Now, those days have over, the rapid development of the technology and remittance business now the money can deliver within a minute. Today, in this post, I would like to tell you how the Remitly Nepal pays the money even if it doesn’t have an office in this country.

Is the Remitly Nepal registered company in Nepal?

No, it is an international cross-border money transfer company that is not registered with the Central Bank of Nepal. There are no international money transfer companies that have been authorized to do independent business here in Nepal unless they have partnered with the local company. It is the policy of the Nepalese government.

How is Remitly working in Nepal?

It is common in remittance business in Nepal, not all local remittance companies that can set up an office abroad where NRNs work and stay. Similarly not all the foreign remit companies can establish offices in Nepal, because, it could be a high cost for them. To reduce their operating costs, most of the companies they work as partners, including Remitly Inc.

Remitly inc is the partner with Nepal remit, which is registered as a remittance company with the central bank of Nepal. Although Nepal remit is a new company it has 2831 payout locations including agents across the country.

Nepal remit international Pvt. Ltd has been working extensively with international and national partners for the inward remittances. Most of the domestic banks are the partner of the Nepal remit so, the recipient can pick up cash from the bank branches or the agent offices.

There are 1000 agents in the Kathmandu valley of Nepal remit who pays out the cash that comes through Remitly Nepal and the following banks’ branches also payout in cash or into the bank account across the country.

The commercial and development bank that pays out Remitly remittance.

  1. Bank of Kathmandu Ltd
  2. Century Commercial Bank Ltd.
  3. Citizens Bank
  4. Gandaki Bikas Bank
  5. Global IME Bank Ltd
  6. Jyoti Bikash Bank
  7. Kamana Sewa Bikash Bank Ltd
  8. Kumari Bank Ltd.
  9. Kumari Bank Ltd.
  10. Mahalaxmi Bikas Bank Ltd
  11. Mega Bank
  12. Nepal Credit and Commerce Bank
  13. NIC Asia Bank
  14. Prabhu Bank
  15. Sanima Bank
  16. Shangrila Development Bank

These above banks have the branches in almost all districts, so, there is no place where the Remitly fund will not be paid. If you want to search the nearest agent in your district then click here.

How can you send money through Remitly?

If Remitly is available in your country for sending money you need to register as the user and there are two way you can choose one of them;

  1. Pay with debit or credit cards.
  2. Pay with your bank account.

How long does it take to deliver money in Nepal?

Usually instantly, unless there is a problem with clearing the fund from your account or credit/debit card to the Remitly account. From my experience, the fund will be available in Nepal the next day if there is no holiday in the sender country and Nepal.

Why should you send money from Remitly Nepal?

Every remittance company has determined its own exchange rate and service charge. The Remitly exchange rate is competitive and sending charge also low as well as AHC (automated clearing House) facilitated charge.

If you want to check Remitly to Nepal. exchange rate clicks here.

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Best Insurance Company in Nepal all time

Ranga Singh
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0

There are life insurance and non-life insurance companies in Nepal. 50 percent of the companies are new, and a handful of international insurance companies have involved in the Nepal insurance market. Although the insurance market is very tough some best insurance company in Nepal are doing very well as we analyze their financial data their profit has been dramatically rising since the last 10years.

The first challenge for the top insurance company in Nepal is that many Nepalese people live below the poverty line and have no access to private insurance.

Another problem for insurance companies in Nepal is that people usually do not know about insurance benefits, even if they have the capacity to pay the premium not willing to insurer themselves.

On the other hand, non-life insurance companies also have a similar fate, people only insured their vehicles even though companies offer many options, including house insurance, business insurance, etc.

The Nepal Insurance Board is the regulatory body that proposes, tabulates, and enforces insurance policies for all insurance companies. Only the old company managed to hit the top insurance company in Nepal.

Best Insurance company in Nepal

  1. Nepal life insurance;

It was established as a public limited company by private investors in 2001. At the end of the fiscal year 2018/19, the company’s paid-up capital is Rs.549.61 Crore, which issued 11,10,688 conventional policies and 15,15,769 foreign expatriate policies. The company offers the highest premium rate to the insured, NPR 62–82 per 1,000 per year announced at the General Assembly in 2019.

Contract Information

Nepal Life Insurance Company Limited
Address: Heritage Plaza-1, 2nd Floor
Another Address: Kamaladi, Kathmandu
G.P.O.Box. No:11030
E-Mail: [email protected]
Telephone :01-4169082, 01-4169083, 01-4169085
Fax:01-4169079
Website

2. National life;

It is one of the oldest and leading insurance companies in Nepal, established in A.D 1998 in accordance with the Nepal Company Act 1964 and the Insurance Act 1968.

As the old one is gold, the firm has made a reputation as a company with higher approval rates from the general public. According to the 2019 report, the company’s paid-up capital is Rs.3082 million, and the bonus rate for the insurer is 61-80 per thousand annually.

Contact information

NATIONAL LIFE INSURANCE COMPANY LIMITED
P.O. Box: 4332, Lazimpat, Kathmandu, Nepal.
Tel: 977-1-4414799, 4416556, 4414803, 4435636;
Fax: 977-1-4435633
Email: [email protected];
Website

3. Rashtriya Bima Sansthan

It was also the oldest insurance company in Nepal that was established in A.D in 1967. The company is close to meeting the Nepal government’s requirement for paid-up capital for a private insurance company in Nepal. According to their third-quarter audit of fiscal year Bs. 2076/77, the capital paid-up is Rs. 1,81,000,000. It’s a new bonus rate of 65 to 82 per thousand per year.

Contact Information;

Ramshahpath, Kathmandu
Phone: +977-01-4262520
Email: [email protected]
Website

4. Prime life insurance;

It is one of the leading insurance companies in Nepal where the general public owns its 70 percent share and the promoter retains 30 percent share. Although the company was founded in 2007, it has a fast-growing history of 13 years. The main promoter of this company is Kumari Bank, Wich is an A-level bank in Nepal.

Fiscal year Bs. 2076/77 in the third quarter. Its paid-up capital is Rs. 1,784,835,000 and is still lower than the government requirement.

Contact Information; 

Hattisar, Kathmandu
P. Box 25979
00977-1-4441414
[email protected]
Website

5. Life Insurance corporation Nepal

Shortly knows as LIC which established in 2001 joined venture between the Vishal group of Nepal and Life Insurance Corporation of India. 55% share has hold by the L.I.C India, 25% Vishal Group and 20% from the General public.

The company bonus rate has remained between 66 to 80 per thousand annually in 2019. Although it is an international Indian company that has been presented in many countries, it comes No. 4 in terms of its risk-taking capacity in Nepal. Its paid-up capital ended in RS. 1,334,677,500 for fiscal year Bs. 2075/76 in Nepal.

Contact Information;

Po Box No: 21905, Kathmandu
Fax: 01-4012615
Email: [email protected]
Phone : 01-4012613, 01-4012614
Website

6. Asian Life Insurance;

Asian Life Insurance Company has set up A.D. 27 February 2008 after obtaining Beema Samiti’s operating license in accordance with the Insurance Act A.D.1993 (Insurance Regulatory Authority of Nepal).

70 percent of the company’s share has been won by the promoters and 30 percent by the general public. According to the 3rd quarterly report of fiscal year 2076/77, its paid-up capital amounts to Rs. 1,256,725,740. The company has operated the 35 branches across the country.

Contact Infomation;

Kathmandu Ma.Na.Pa Ward No 30, Maitidevi
Phone +977-1-4410115 | +977-1-4430270
Email: [email protected]
Website

7. American Life Insurance company (MetLife)

The company is the first international Life insurance company in Nepal, founded in 1868 under the name of MetLife inc. It is now the leader of all types of insurance, including life insurance, non-life insurance, and health insurance. It presents the business footprint of more than 50 countries around the world.

The company opened its subsidiary office in 2001 in Nepal after getting an operating license from the NIB (Nepal Insurance Board). Currently, it has been providing life and non-life insurance services to customers.

As the first foreign company in Nepal, coming from a mature insurance market, it has been gaining momentum since the start of business in Nepal. Currently, the MetLife Nepal Bonus Rate is 66 to 80 per 1,000 rupees.

Contact information

Metlife Alico,
Nepal Plaza, Tridevi Sadak, Kathmandu 44600
Phone: 01-6214743
Website

8. Surya life insurance

The company was founded in A.D. 2000 under insurance act bs. 2049 and the company act bs. 2063 as a privates insurance company in Nepal. 70 percent of the share is held by promoters and 30 percent is owned by the general public.

The authorized capital of the company ended NRs 300 crore and paid-up capital Rs. 1,131,900,000 for the financial year bs. 2076/77. Its bonus rate for the insurer is 38 to 73 per thousand annually.

Contact Information;

Sano Gaucharan, Kathmandu, Nepal
Phone: 01-4423743
Fax: 01-4419565
Email: [email protected]
Website

9. Guras Life Insurance;

Gurans Life Insurance Company was founded in A.D. 2008 as a privately-owned organization. Dugar Group and Sunrise Bank Ltd are the main promoters of this firm and only 30% of shares have provided to the general public. Total shareholders of this company are 26,000 and paid for capital in the financial year of Bs. 2075/76 is 594,000,000. The bonus rate for the insurer is 51 to 87 per thousand annually.

Contact Information;

Gurans Life Insurance Company Ltd.
Shree Raj Bhawan, Tinkune,
Kathmandu, Nepal
Toll-Free:1660-01-44400
Hunting Line: 01-5199310
Fax: 01-5199061
Email.:[email protected]
Website

10. Union life insurance company;

It is one of the new companies that has entered the insurance market in Nepal along with nine other new companies. Most of the new companies came into the market with Rs. 1,400,000,000 paid-up capital but In the third quarter of the fiscal year 2076/77, the paid-up capital is RS. 1,505,000,000 which is higher than other new insurance companies in the market.

The company share has subscribed by the very largest business group in Nepal including Jagadamba Group, Golchha Group, Gadiya Group, Naupane Group, Rajesh hardware & Tibrewala Group. 70% of the share is owned by the promoter and 30% by the general public.

Contact Information;

New Baneshwar, Kathmandu
Phone: 01-4784758,01-4786225,
Toll-Free: 1660-01-05555
Email: [email protected]
Website

Conclusion;

On the list of the best insurance company in Nepal has been chosen base on various factors such as company age, paid-up capital, bonus rate, total release policies, and profit of the organization. Although the new companies have higher paid-up capital then the older they have low reserved funds and bonuses.

The full list of the Insurance companies in Nepal

Ranga Singh
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0

Nepal is a developing nation with a potentially booming market for insurance firms. People’s view on life and their property insurance was changed after the devastating earthquake of 2015, and more and more lives were lost as a result of the accident in the last 10 years. The insurance companies in Nepal have been operating by the renowned business group and some portion of share has owned by the general public.

How many insurance companies are in Nepal?

There are 19 life and 20 nonlife insurance companies in Nepal most of them with a higher margin. Although there is one reinsurance company, most of the companies have re-insured with international companies in Nepal.

Insurance has become a significant factor in Nepal today, because geographically and poorly built national infrastructure, including; highways, bridges, and overseas jobs cause a higher rate of accidental death.

Another factor that has played an important role in the vertical increase in the insurance business in Nepal is people’s lives stander and, generally, more people are aware of insurance now, than the past.

Although the Nepalese government raised the paid-up capital for the old and newly registered companies, it did not restrict the new companies from entering the insurance market. As a result, there are ten new insurance companies in Nepal and the number of life insurance companies has risen from 9 to 19.

Nepal Bima Samiti (Nepal Insurance Board) is the government regulatory body for insurance companies responsible for licensing the companies, regulating the policies, and taking action against companies that do not comply with the regulations on the operation.

life insurance company in Nepal

[table id=6 /]

Non Life insurance companies.

[table id=7 /]

Reinsurance company in Nepal.

Nepal Re-Insurance Company Limited

What types of policies are offered in Nepal?

Although the policies are depending on the companies most of them provide the following insurance packages to the insurers.

Nepal is the country in which the economy has heavily dependent on foreign remittance. Now it is mandatory if anyone goes for the foreign employee must have done the insurance in Nepal.

Popular policies;

  1. Endowment policies
  2. Money-back policies
  3. Endowment and whole life
  4. Microinsurance
  5. Fire / Property Insurance
  6. Motor / Vehicle Insurance
  7. Marine Insurance
  8. Engineering Insurance
  9. Aviation Insurance
  10. Personal Accident Insurance
  11. Group Personal Accident Insurance
  12. Medical Insurance
  13. Money Insurance
  14. Travel Medical Insurance

How to invest in insurance companies in Nepal?

If you overview the Nepal stock exchange the share of the Ins. companies are relatively higher than other institutions, because, people belives it, the investment will bring the fruit.

There are two types of markets where you can invest or purchase the share of the ins. companies in Nepal

  1. Primary and
  2. secondary.

Both markets are very tough for buying the share of ins. firms because most people want to hold their share for a long time.

emirates id status check online 2020

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emirates id status check online 2020

Whether you are an expatriate resident of UAE or Emiratis both need to obtain the emirates id to stay in this country. As many government services in the United Arab Emirates are available online, getting Emirate ID status through the web is not difficult. Therefore I am writing this post to help you with emirates id status check online.

If you are new to the Emirate ID, it is important that you know about it, before, checking your ID card status online. Just give a couple of minutes to read this post because I have described the general concept and features of the Emirates ID.

What is emirates ID and why it is important?

It is an identity of the UAE national and UAE residents issued from the Federal Authority for Identity and Citizenship. It is a legal requirement for the residence of the UAE and local to have an ID and carry with them all the time. In another word, we can say it is the citizenship of the UAE residents.

The card is very important for both ex-pats and local residents, because every service you want to use, whether private or government, requires it. Some examples; where the emirates id is used as follows;

  • to get government services
  • To use the voting rights for the federal national council
  • UAE citizen can use this ID to travel GCC without the Visa
  • It works as a document to pass immigration checkpoint in the international airport and land border point in the UAE.
  • To open the bank account and apply for a bank loan in the UAE.
  • To obtain a business license and establish a business.

Some features and benefits of Emirates Id

  • A biometric smart card
  • chip-based card
  • Small chips but high storage capacity up to 32 thousand letters of information can be saved.
  • It can use as the digital signature and authentication of certificate.
  • It can use widely in the e-channel and e-services.
  • Identity of the UAE
  • Protect your identity theft and fraud.
  •  Can print according to your visa.
  • Non repeated identity number, consist of 15 digits.
  • ID status can check online.

emirates id status check;

If you want to check your id card status online then follow the following guidelines which help you to understand the whole process;

STEP 1: Visit the federal identity and citizenship ministry’s official website and scroll down until you find the  Related eServices click check id card status. To make you easy I have provided the links hereunder click link 5.

  1. Apply for a new ID card
  2. Renew citizen ID Card
  3. Renew Expat ID Card
  4. Customer guide to using the eForm
  5. Check Emirates ID card status
  6. Apply for exemption from delay fees

emirates-id-status-check

Step 2: If your application is for a new emirate id, enter the PRAN (Person Application Number) you can find it on your visa application form.

If you have the emirate ID, even if it has expired, enter the Id number and click Check.

Emirates-ind-status

How long does it take to receive the emirate id?

Printing an ID normally takes 2 to 3 weeks, unless you apply urgently, which may cost extra and printing within a week.

It is equally important that you check the status of your UAE visa along with the status of the Emirate Id. Therefore, click this link to check the UAE visa through your passport number.

Please note: This service is not widely available outside the UAE. When you click on the above option, if you do not access the page, you think this service is not allowed in your country.

Conclusion;

Emirates ID is the vital document for the both UAE national and expatriates resident in this country cause it requires everywhere whether you are dealing with privates or government organization. To check your emirates id you must have the existing ID or the personal application number. The status of the Emirates ID will be retrieved only after you enter the 15 digits Id code.

You may interested?

How to get labour contract UAE information online?

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How to get labour contract UAE information online?

It is a common scenario for individuals who are looking for a job they accept a job offer letter and sign a labour contract UAE hastily without reading and understanding the terms.

Unfortunately, this can lead to exploitation and dissatisfaction later when the terms and conditions mentioned in the contract are apparent. I am writing this post to obtain the labor contract UAE information online.

Reviewing and understanding your employment contract before signing is crucial. According to UAE labor law, the employment contract should be provided in English and the employee’s mother tongue.

If the contract does not have a translated copy in your native language, you should request one from the employer.

A labour contract is a legally binding document signed between the employer and the employee, typically issued by the UAE Ministry of Labor. The representative of the company signs on one side, and the employee signs on the other

This document serves not only as a piece of paper but also contains broader terms and conditions that both the employer and the employee need to adhere it. The contract consists of various obligations including;

  1. Your salary
  2. Overtime provision
  3. Contract termination condition
  4. Contract period
  5. Vacation
  6. Accommodation
  7. transportation
  8. Health care provision
  9. Contract violation conditions
  10. And more

If you sign a labour contract in UAE, you can not conduct it out of it, and if the employer also fails to do so, it is considered a breach of the contract, and any party that violates the contract will face the consequences.

Once a contract is signed, both parties the employer and employees are bound by its terms, and any attempt to violate or breach it carries consequences.

Breaching a contract is a serious matter that may lead to legal “Consequences.”. Adhering to the terms and conditions is crucial for maintaining contractual integrity.

If you think the employer has breached the contract and wants to complain to the Ministry Of Human Resource and Emiratisation (MOHRE) first check your contract with what has been signed between you and your employer.

If you believe that your employer has violated the employment contract and you intend to file a complaint with the Ministry of Human Resources and Emiratisation (MOHRE) in the UAE.

It is crucial to carefully review the terms and conditions outlined in your contract. Ensure that you have a clear understanding of the agreed-upon terms, including job responsibilities, working hours, compensation, and any other pertinent details.

Difference between labour card and contract

The labor contract and the labor card in the UAE serve different purposes but are closely connected.

  • The labor contract is a legally binding document signed by both the employer and employee before the employee begins work.
  • A labor contract outlines the rights, responsibilities, and obligations of both parties and acts as the primary legal framework for employment.
  • Once the labor contract has signed, the Ministry of Human Resources and Emiratisation (MOHRE) issues the labor card.
  • A labor card serves as official proof that you are authorized to work for your current employer. It also validates your employment and can be presented to authorities to verify your work status.
  • The labor card contains limited information, such as the employer’s name, the nature of work, and the employee’s basic details.
  • The labor contract details the full legal agreement between the employer and employee, the labor card is a streamlined representation of your employment status.

How to check your UAE labour contract online?

To view your labour contract in the UAE, follow these simple steps using the MOHRE (Ministry of Human Resources and Emiratisation) website:

  1. Visit the MOHRE Website: Click here to access the official MOHRE website and ensure you’re on the correct page.
  2. Navigate to Inquiry Services: On the main menu, go to the “Services section“. From the dropdown menu, select “New Inquiry Services” and click on it.
  3. Access the Contract Section: Once you click, a new tab will open. Look for the option labeled “View Approved Contract” from the dropdown list and click it.

UAE labour contract check online

4. Open the Contract Page: You’ll be directed to a new page. The interface of the page looks similar to the image provided below.

uae_labour_contract_

5. Choose Employment Contracts: Under the Employment Offers and Contracts section, select the service titled Work Permit with a Job Offer.

6. Scroll to View My Contract: Scroll down the page until you find the option labeled View My Contract.

7. Enter Your Details: Fill out the required fields with the following information:

  • Transaction Number
  • Passport Number
  • Nationality
  • Date of Birth
  • CAPTCHA Code
  • View Your Contract

After entering the details, click View My Contract to access the full contract information you signed with your employer.

By following these steps and providing the correct information, you will be able to retrieve and review your labour contract details online quickly and easily.

After you sign the labour contract, the employer submits it to the ministry. The ministry uploads the contract into their database, allowing your request to retrieve it directly.

Conclusion

Checking the labor card and the labor contract in the UAE involves a similar process, but checking the labor card provides information specific to the card, and the labor contract offers comprehensive details about the employment agreement.

top 10 universities in dubai with world class education.

Ranga Singh
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3

Dubai City is not only a center for business in the Middle East, but also a hub for international universities’ branches, schools, and campuses. There are 31 universities registered with the Ministry of Education and hundreds of their campuses have spread across Dubai. Here in this post, we ‘re going to talk about the top 10 universities in Dubai.

International students can pursue world-class higher education through foreign universities, and university-accredited curricula will be taught.

Comparison of the other developed countries, studying in Dubai is less expensive and the degree is internationally recognized.

Although Dubai Knowledge Park and Dubai international academic city (DIAC) are the hubs of the national and international universities, other leading universities in Dubai also spread across the City.

Most of the top 10 universities in Dubai provide various courses and some short term executives training to the regular students and distance learner.

Top 10 universities in Dubai. 

1. UNIVERSITY OF DUBAI

It is the first private university in Dubai which recognized and accredited internationally. In Dubai, the University has run the three associates in which national and foreign students learn deeply and interactively.

  • Dubai Business School
  • College of Engineering & IT
  • College of Law

The university offers a variety of faculties in the area of business management, engineering, and law. UD has enrolled the following courses;

  • BBA – MBA | Dubai Business School
  • CEIT | College of Engineering & Information Technology
  • Ph.D. | Doctor of Philosophy
  • LLM | Master of Laws | College of Law
  • GUCR | General Undergraduate Curriculum Requirements Program
CONTACT INFORMATION
Academic City,
Emirates Road Dubai – UAE
P. O. Box: 14143,
Website

2. HULT INTERNATIONAL BUSINESS SCHOOL

It is an American international business school accredited in the United States, the United Kingdom, and the European Union. Hult offers undergraduate, master’s, and MBA degree programs in Dubai such as;

  • Global One-Year MBA
  • Part-Time Executive MBA
  • Master of International Business
Campus & Enrollment Office
Hult International Business School
Dubai Internet City, U.A.E.
+971 4 427 5800
Website 

3. UNIVERSITY OF WOLLONGONG DUBAI

It is an Australian university’s branch in Dubai and the first foreign university to open a campus in the UAE. When it was established in 1993, other international universities were not interested to open campus here.

UOW offers a wide range of courses on undergraduate, post-graduate, post-graduate research and short time training including;

  • Finance and Accounting
  • Business and Management
  • Engineering and Information Sciences
  • Humanities, Social Sciences, and Health
  • Doctor of Philosophy (Ph.D.)
  • Executive Learning (short course)
CONTACT INFORMATION;
The University of Wollongong in Dubai
Blocks 5, 14 & 15, Dubai Knowledge Park
P.O. Box 20183, Dubai, UAE
Toll-free 800-UOWD or +971 4 2781800
Website

4. DUKE UNIVERSITY DUBAI;

It’s another American university, one of the best universities in Dubai established under the name of Fuqua. The campus building is environmentally friendly and students enjoy the natural view and cultural diversities. As being one of the top business school in the world it provides the courses including;

  • MBA
  • Master of Management
  • Master of Quantitative Management
  • PhD
  • Executive Education (short term)

CONTACT INFORMATION

Dubai International finance center
(DIFC)
+97144019306
Website

5. UNIVERSITY OF STRATHCLYDE BUSINESS SCHOOL

It is a business school based in the United Kingdom and has a branch office in Dubai since 1995. Although a university provides a variety of undergraduate and postgraduate degrees, on engineering, business, law and science, 2 years MBA program has been offering for regular or part-time students in Dubai.

Al Nahda Al Nahda 2 –
Dubai – United Arab Emirates
Phone: +971 2 206 4054
Website

6. ZAYED UNIVERSITY IN DUBAI

It is one of the government sponsors universities in the United Arab emirates. Zayed has achieved accreditation from the Middle States Commission on Higher Education in the USA. It is the first federal university in the UAE which was internationally accredited. ZU offers 17 majors and 10 minors at the undergraduate level and 10 master’s degrees.

CONTACT INFORMATION

Zayed University, P.O. Box 19282
Dubai, United Arab Emirates.
[email protected]
Tel: +971-4-4021111
Fax: +971-4-4021008
Website

7. MODUL UNIVERSITY DUBAI

The Vienna based university established a campus in Dubai in 2015 becoming the first Austrian university to open a branch in UAE.  MUD has been offering undergraduate and Master level education including;

  • Bachelor of Business Administration in Tourism & Hospitality Management
  • Bachelor of Science in International Management
  • Master of Science in Sustainable Development, Management, and Policy
  • Master of Business Administration – General
  • The Master of Business Administration – major in Tourism and Hotel Development
  • Master of Business Administration – major in New Media and Information Management
  • Master of Business Administration – major in Major in Entrepreneurship, Innovation, and Leadership
CONTACT INFORMATION;
4th Floor, One JLT, PO 336532
Dubai – United Arab Emirates
Phone: +971 4 510 1400
Website

8. DUBAI MEDICAL COLLEGE (GIRLS)

It is the first private university in Dubai which offers graduate and master degrees on Medicine & Surgery to the girls in the United Arab Emirates. DMC was established in 1986 as a non-profit educational institution approved by the UAE Ministry of Education.

The educational program offered by DMC is the accreditation of WFME standards equal to medical schools in the USA. The Dubai Medical College has run the two programmes as set out below;

  1. MBBch
  2. MSC
CONTACT INFORMATION;
Dubai Medical College for Girls,
Al Muhaisanah 1, Al Mizhar,
Dubai – United Arab Emirates
P.O.BOX: 20170,
Website;

9. UNIVERSITY OF BIRMINGHAM DUBAI

It is Another British university is ranked 9th in the list of the top 10 universities in Dubai. It is owned by the education elite Russell Group of UK universities, which includes Oxford and Cambridge.

The university offers undergraduate, postgraduate, and professional education to the national and international students with the curriculum of UK accredited. The students can enroll degrees on following faculties;

  • Business
  • Computer science
  • Education
  • Law
  • Mechanical engineering
  • Psychology

Academic City – Dubai – United Arab Emirates
Phone: +971 4 249 2300
Website

10. CANADIAN UNIVERSITY DUBAI 

It is formally known as CUD, a campus of the Canadian University which teaches the Canadian curriculum and accepted both national and international students. CUD established in 2006. The campus offers graduation and post-graduation degree on following faculties;

Undergraduate

  • Architecture
  • Business
  • Communication
  • Computer Engineering and Computational Sciences
  • Electrical Engineering
  • Environmental Health Sciences
  • Interior Design
  • Social Sciences

Graduate

  • Master of Business Administration
  • Master in IT Management and Governance
1st Interchange
Sheikh Zayed Road,
Dubai, United Arab Emirates
PO Box 117781
Tel +971 (4) 321 9090
Fax +971 (4) 321 1991
Website

How to apply for a student visa in Dubai?

Universities in Dubai allow the enrolment of any program, whether UAE national, UAE expatriate, or International student. The application of the enrollment can apply on the University website but the student visa process will issue on the sponsorship.

The sponsor can be anybody in the UAE or the university where you will enroll. To get the detailed information regarding the student visa click here.

Do the best universities in Dubai offer scholarships to international students? 

Yes, Dubai universities offer the student partial scholarships, whether they are subject to tuition fees or the annual course. Some campuses I listed here also offer international students a scholarship and a visa.

Do the universities in Dubai offer accommodation to the student?

Yes, most of them offer accommodation to the international student but you should pay extra money or it may include in your annual fee. Here we find the student that they accommodate by renting a room, by staying on campus or by coming home.

Conclusion: These top 10 universities in Dubai are very popular with the student, their program, and the international certificate of accreditation. Some universities also help the student obtain a student loan in Dubai and some provide scholarships.

Another most valuable thing to study in Dubai is that you can achieve quality education comparatively cheaper than a developed nation, and you are allowed to work part-time.

Know these before Switch The Job In Oman.

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Know these before Switch The Job In Oman.

The Government of Oman has revised some administrative regulations that relate to expatriates worker in this country. The new regulation was issued by  Lt.Gen Hassan bin Mohsin Al-Shraiqi, Inspector-General of Police, and Customs. According to the new amendment, expatriate workers can Switch Job In Oman from one employer to another.

Since 2016, the Oman government has amended twice the current federal rules relating to foreign workers and their employers. Now, in this post, I ‘m going to provide you with vital information that can help if you want to change your employer and your current roles with other companies.

Oman, a small country next to the UAE, had a strong labour law, providing the foreign national with limited rights compared to UAE. However, it has slowly changed it labor law and followed the UAE route.

Expatriates workers have contributed to the economic growth of the gulf countries but they have been treating unfairly in the gulf region.

The worker who wants to move to another employer in Oman must meet the following terms and conditions;

Criteria change job in Oman 

  1. The New employer should have a license for the recruitment of foreign workers.
  2. the employment contract with the current employer must be expired or terminated.
  3. An employer must receive the approval to sign the contract with a new employee from the competent authority.
  4. The second employer must be in accordance with the law in the process of hiring the employee.
  5. A contract must sign between employees and employers in accordance with the executive regulation of Oman.

What about the family visa if you changed the job?

If the employer has brought their family member on the sponsor of the current or previous employer then it can change to the new employer when the employee job change condition has met with the labour law.

Where to live in this transition period?

The employee will stay with the first employer until the second employer completes the necessary documentation for obtaining the visa for the newly hired staff. In this period, if you are out of work, the first employer should also provide you the accommodation.

Conclusion: It is the great relief for the expatriate workers in Oman, previously, the law didn’t allow to change the job in Oman although they found a good job with some great companies. Please pay attention to the above requirement, whether you have met or not, before changing your job.

How to check your visa for Oman

International banks in the UAE and Dubai

Ranga Singh
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International banks in the UAE and Dubai

Dubai is the international trading hub located at the strategic place on the world business map. Since the world-class companies established their regional headquarters in Dubai, the city becomes the most valuable place for the multinational companies’ supply chain. Along with other industries, the international financial institutions also come into this country with the regional headquarters, the result for that, there are 27 international banks, in addition, 11 wholesale lending banks in the UAE.

Most of the international banks in the UAE come from the GCC and others from the United States, Europ, and some Indian banks are active in the markets. The international banks providing services through;

  1.  Direct lending: The banks have opened the branches and deal with the individuals or the institution for lending and they provide other general banking services.
  2. Wholesales lending: The lending bank work with the third-party to lend the fund to the customers. The lender will not deal with the individual or institution but a third party bank or credit union will deal with the customer and the fund will be received from the wholesales banker.

Almost all the multinational banks have established their head offices in Dubai and branches in other parts of the UAE. In another world, Dubai is not only for the business hub for international trade but also it is the regional financial hub for the gulf region.

Due to strong local economic growth and thriving market demand for finance, multinational financial institutions moved to Dubai.

Despite uncertainty about the Gulf economy and the lower oil prices in the world. The international banks expect slowing growth in 2020 and will start to bounce back as normal from 2021.

International banks in Dubai | Banks in the UAE

International banks in the UAE are headquartered in Dubai and Abu Dhabi, the most popular city in the United Arab Emirates.

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Top banks in the United Arab Emirates. 

List of the best bank in UAE

Full list of local commercial bank in UAE, financial market.

Ranga Singh
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The bank in UAE have divided into two major categories based on the shareholding, registrations, and the license that they have received for operation.

  1. Locally incorporate banks: These are the public shareholding companies and obtain the operating license in accordance with the provision of Union law No 10, 1980.
  2. Foreign bank branches: The foreign banks operate their branches in the country and obtain the operating license from the central bank of the United Arab Emirates.

The central bank in the UAE is the government body which regulates both national and international banks in the UAE. There are 21 local commercial banks in this country most of them have the 2 decad experience on the UAE financial market.

Local banks mean they are registered in the United Arab Emirates with the majority national shareholding.

As a Muslin country, the majority of banks in the UAE provide the modern Islamic finances and the Sharia law applies to all products. The UAE banks are a world-class financial institution, therefore, they have the international footprint not only the GCC countries but also across the world.

List of the Local commercial bank in UAE 

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There are 7 emirates in the UAE and the government of each emirate has sponsored at least one bank. They hold a large portion of shares and ownership to the state bank. We can find that the bank name refers to the state.

Particularly for the banks which opened on behalf of the State Government, They provide Islamic finance to the customers. When you see the top ten banks in the UAE, the government-sponsored banks are in the top spot.

Although 2020 has become a bad financial year for the UAE banks due to the low oil prices they are still on reasonable profit.

Most of the UAE bank has implemented the modern technology on their services including, internet and mobile banking,  debit and credit card facility, and investment and wealth management services.

Compare the interest rate of the UAE bank 

List of the 10 best bank in UAE this year.

Ranga Singh
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UAE is one of the countries which has a strong financial market comparing the other countries in the Gulf regions. There are 21 local commercial banks with 650 branches across the country. Majorities of the bank have headquartered in Abu Dhabi and Dubai. Here in this post, I will explain the best bank in UAE based on their financial data.

After the global pandemic 2020, most of the banks have affected some way because only the strong industrial market contributes to the banks’ growth.

Many small, medium and large organizations have severely impacted form the government precautionary measures result of that almost all industries had shutdown.

Although international banks are in the UAE financial market, local banks are in the top ten because of their high volume of trade and assets.

Top 10 Best bank in UAE

  1. First Abu Dhabi Bank

It is the largest commercial bank in the UAE and one of the top five banks in the gulf region. FAB  provides a wide range of financial services providing customers with different options for deposit and credit products. It is not only the best bank in UAE for the local communities but also the best bank in UAE for expats residents.

Deposit products;

  1. iSave account: This saving account can be opened with zero minimum balance and no additional charges will be applied. The more you save, the more you can withdraw, there is no restriction on the number of transactions you make to save or withdraw.
  2. Emirati Al AWWAL Saving Certificate: This is the product that has been designed to encourage the UAE nation to save their money rather than spend more on their lifestyles. Attractive assured profit rates will credit into the liked account annually.
  3. Fixed Deposit: Eligibility for all types of customers in the UAE and it provides a higher interest on the deposit and overdraft facility available against this account. The mature tenure is flexible for up to 12 months.
  4. Smart deposit account: It is useful for the long term deposit especially for your children and the tenure available for two, three, five, seven, and ten years.

Loan products

  1.  Personal Loan for UAE Nationals
  2.  Personal Loans for Expats
  3.  New to Country Loans
  4.  New to Employment Loans
  5.  Etihad Guest Personal Loan
  6. Secured Loans
  7.  Landlord Loans
  8. Debt Consolidation Loans
  9.  National Loans Scheme
  10. Buyout Loans
  11. Car Loans for Salaried Individuals
  12. Car Loans for Self Employed Individuals
  13.  Etihad Guest Car Loan

Total Assets – AED 744 Billion ( 2018)

Net Profit – AED 12 Billion (2018)

2.  Emirates NBD 

It is the best bank in Dubai owned by the Dubai government, it provides the various solution to the customers from saving, loan, and investment. Here are the most popular savings and loan products the bank has provided;

Deposit accounts;

  • Current account
  • Several saving accounts
  • Gold investment account
  • Value account
  • Islamic account

Loan products; 

  • Personal loan
  • Home Loan
  • Overdraft loan
  • Islamic finance
  • Credit card

Total Assets – AED 500 Billion (2018)

Net Profit – AED 10 Billion (2018)

3. Union Bank merged with (ADCB) 

The bank is headquartered in Abu Dhabi, and the Abu Dhabi government holds 52.62 percent of its share. And other portions of the shares have held by the general public and private institutions. The bank is providing personnel banking and corporate banking to the customers.

Deposit products; 

  • Current & Savings Account
  • Etihad Guest Accounts
  • Fixed Deposit Account
  • Offshore
  • Business Accounts
  • Safe Deposit Locker

Loan products; 

  • LoansCar Loans
  • Home Loans
  • Personal Loans
  • Credit card

Total Assets – AED 279 Billion(2018)

Net Profit – AED 4 Million(2018)

4. Emirates Islamic Bank 

It is the largest Islamic bank in the UAE that has adopted Islamic principles and Sharia law to address banking issues that arise with customers. Although it provides Islamic finance, it is one of the best banks in the UAE for non-Muslims resistant. The product and the services have described below;

Deposit products;

  • Booster WAKALA Deposit
  • Investment term deposit
  • Flexi term deposit

Loan products; 

  • Personal Finance
  • Auto Finance
  • Home Finance – Bina’a
  • Home Finance – Manzil
  • Commercial Property Finance
  • Financing Against Shares
  • Credit card

Total Assets – AED 58 Billion (2018)

Net Profit – AED 924 Million (2018)

5. Dubai Islamic Bank 

Another Islamic bank in Dubai is the DIB which provides the best Islamic finance to its customers. In terms of the asset, it comes to the top ten Islamic banking in the Gulf region. Most of its products are approved by Sharia law, however, it offers modern Islamic banking to anyone regardless of nationality and religious differences.

Deposit products;

  1. Advance Profit Payment Wakala
  2. Maximiser Wakala Deposit
  3. Long-Term Wakala Deposit Fixed term
  4. Monthly Payment Wakala Deposit
  5. Recurring Wakala Deposit
  6. USD Wakala Deposit
  7. Retail Wakala
  8. Al Islami Investment Deposit Account

Loan products;

  • Auto Finance
  • Home Finance
  • Personal Finance
  • Credit card

Total Assets – AED 223.7 Billion (2018)

Net Profit – AED 5 Billion (2018)

6. Abu Dhabi Commercial Bank (ADCB)

ADCB became the largest bank after a successful merger with the Union National Bank in the UAE. The bank provides various services to the customer whether they are individuals or the organization.

Deposit products;

  1. Current & Savings Account
  2. Offshore
  3. Business Accounts

Loan products;

    1. Car Loans
    2. Business loan
    3. Personal Loans
    4. Credit card

Total Assets – AED 107 Billion (2018)

Net Profit – AED 1,186 Million (2018)

7. Abu Dhabi Islamic Bank (ADIB) 

ADIB is the largest Islamic financial institution based in Abu Dhabi the capital city of the United Arab Emirates. It is the best Islamic bank in the UAE. ADIB is a partner of the Emirates Airline Skyward program and the customer who deals with ADIB will receive a skyward reward on their card.

Deposit accounts

  1. Current Account
  2. Savings Account
  3. Ghina Savings Account
  4. Ghina Salary Account
  5. Banoon Children’s Savings Account
  6. Electron Account
  7. Short Term Investment Account
  8. Investment Deposit Account

Loan products; 

  1. Personal Finance
  2. Home Finance
  3. Debt Settlement
  4. Car Finance
  5. Education Finance
  6. Travel Finance
  7. Boat Finance
  8. Goods Murabaha
  9. Credit card
  • Total Assets – AED 125 Billion (2018)
  • Net Profit – AED 2,501 Million (2018)

8. National Bank of Ras Al-Khaimah (RAKBANK)

The bank has operates all across the UAE with 33 branches even though it is originated and headquarters in Ras Al Khaimah northerner part of the UAE. The RAK government has owned 50% of its share and others from the general public.

Deposit products;

  • Current
  • Savings
  • Emirates Skywards Savings Account
  • RAKbooster
  • RAKsave

Loan products;

  • Home in One
  • Personal Loan
  • Cash Loan
  • Education Loan
  • Mortgage Home Loans
  • Business or corporate loan
  • Credit card

Total Assets – AED 52.7 Billion (2018)

Net Profit – AED 917.5 Million ( 2018)

9. National Bank of Fujairah 

NBF is established with the help of the government of the Fujairah and now it has operated all across the UAE. Although it is coming from the least developed emirates of the UAE it has already proved as a leader in the field of modern Islamic banking.

Deposit products;

  1. Current
  2. Saving
  3. Fixed deposit

Loan products;

  1. Home loan
  2. Personal loan
  3. Business loan
  4. Credit card
  • Total Assets – AED 39 Billion (2018)
  • Net Profit–  AED 615 Million (018)

10. Mashreq 

It is one of the oldest privately-owned banks in the United Arab Emirates and founded in Dubai. It is the first bank which provided ATM, debit, and credit card facility in the UAE. The bank offers advanced banking facilities with the most innovative state-of-the-art technology.

Deposit products; 

  • Current Account
  • Sweep Current Account
  • Basic Savings Account
  • Easy Saver Account
  • Mashreq Millionaire
  • Unfixed Deposits
  • Fixed Deposits
  • “Misr Um El Donia” Egyptian Account
  • Step-Up Saver Account
  • MaxSaver Account
  • Current Gold Account
  • Dream Saver Account
  • Gold Edge Account
  • Daily Bonus Account
  • Money Multiplier Account

Loan products; 

  • Personal Loans For Expatriates
  • Personal Loans For Emiratis
  • New To UAE / New To Employer
  • Debt Consolidation Loans
  • National Loans Scheme
  • Personal Loan Remit
  • Mashreq Slice Loans
  • Credit card
  • Total Assets – AED 139 Billion ( 2018)
  • Net Profit –  AED 2.1 Billion (A2018)

Conclusion:  All the best bank in UAE provides modern banking including mobile banking, internet banking, ATM deposit, and withdrawal services. Considering various aspects, we have chosen 10 financial institutions as the best bank in UAE.

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