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In today’s newsletter:

Take a look at the most recent news from Arabian Business, where our team of editors has gathered the notable advancements in the region from Thursday. Here's what you missed:

The UAE has announced rules on notice periods and contract termination in the country. The Ministry of Human Resources and Emiratisation (MoHRE) explained notice period rules for employees in the UAE who have a contract terminated. According to the MoHRE both employer and employee can terminate a contract, so long as they abide by the terms and conditions laid out.

Meanwhile, travellers seeking to enter Dubai with a visit visa must possess AED3,000 in cash, return flight tickets, and proof of accommodation, particularly for “lower-income individuals and first-time visitors,” a travel company clarified in a statement to Arabian Business.

On the real estate front, a Dubai real estate developer has launched a Jumeirah Village Circle tower with theme park-style amenities, including private pools, water park, bowling alley, cinema and games arcade. Acube Developments has announced the launch of Electra, a 38-floor residential tower in Jumeirah Village Circle (JVC), Dubai, which offers residents more than 50 amenities. Construction is set to begin in Q2 2024 and handover is anticipated in Q2 2027.

In addition, Dubai’s property market has long been synonymous with luxury, but a shift is underway. The mid-market sector is emerging as the fastest developing and most in-demand sector, potentially challenging the hegemony of the luxury market. Here's why.

In other news, Arabian Business has also launched its brand new Android mobile application for readers. Developed by ITP Media Group, the new mobile app allows users to easily access latest news, opinion pieces and podcasts on their smartphones. Stories are organised into categories for easy browsing. Categories include News, Opinion, World, Lists, KSA News, Industries, Podcasts and more.

THE LONGER READ:

The Gulf IPO boom is upon us, with billions at stake. As the region’s economic transformation hangs in the balance, companies must tread carefully to unlock their full potential, experts say

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