Announcements

A Dubai institute teaching next-level entrepreneurship to business scions

Published

2 years ago

November 13, 2023

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Those wanting a traditional global MBA programs to support their family business growth or boost entrepreneurial aspirations rather than be directed towards the job market now have an option thanks to a brand new institute in Dubai.

Midas and CS Institute of Management is all set to offer a first of its kind curriculum titled ‘Entrepreneurship and Enterprise Management’ catering to this specific niche. Crafted for the scions of business families, this new program will offer the knowledge, skills, and exposure to take family businesses to their next level or launch independent ventures on a global stage. Brainchild of Chandrasekhar Singh and Pooja Shah, the co-founders of this institute, this course has accomplished business coaches, global faculty from leading business schools and cutting-edge topics imparting knowledge and expertise on how to take one’s business global.

This is designed for individuals between the ages of 21 to 30 who hail from business family backgrounds. To be eligible, applicants must have completed at least a recognized bachelor’s course. Students will get almost 350 hours of classroom coaching besides a significant amount of experiential learning and onsite trainings. Upon completion of the program they will be awarded a certificate from the institute that is duly recognized by Dubai Government’s Educational Quality Assurance and Regulator – Knowledge & Human Development Authority (KHDA).

Singh feels that the program will be particularly beneficial for Indian business families looking to bring in a global perspective in their home-grown businesses through their next-gen successors. In fact both of them have a ‘first-movers advantage’ in this unique mix of education and entrepreneurship.

Before helming this institute, Pooja successfully ran the Midas Institute of Entrepreneurship in Pune, India for the last 10 years creating and enabling 250+ successful new-age entrepreneurs. Her prior involvement as the Dean of Student Affairs in her family founded Flame University also adds to her experience and acumen. Armed with an M.Sc. degree in Entrepreneurship, Innovation, and Management from the Nottingham University Business School in UK, Pooja feels that many promoters are actually facing this genuine problem. “Either their children are not interested in the business or are not experienced enough to take it forward. We want to tackle this issue with the best possible approach as every family business must take its step ahead with a new generation taking over and I can understand that deeply being from a family business background myself where I started my association in any and all my father’s business ventures from a very young age,” she says.

Chandrasekhar on his part has a seasoned corporate, entrepreneurship, and higher education background. He worked in leadership positions for global banking majors such as Standard Chartered and Citibank. He was a prominent Director for Corporate Relations at SP Jain School of Global Management and a Co-Founder of Sunmaya Fashion – an upcoming ladieswear brand in Dubai. He says, “We understand that every entrepreneur’s journey is unique. That’s why we want to offer programs tailored to suit their needs. Our aim is to offer a global platform for aspiring entrepreneurs and successors of business families. The institute’s positioning and approach will help them propel their business forward.”

Pooja being an acclaimed Transformation and Impact Coach also stressed on the importance of developing the right mindset for the students. She said, “We will be definitely be teaching them the new forms of learning along-with data science, Artificial Intelligence and Design Thinking but our main focus is towards building ‘the right mindset of an entrepreneur’. Bring a critical thinker who is creative and ready for challenges in life. We are not only working on getting them ready for their business but overall for life. They must be ready to taste success by facing challenges and failures”.

CS further elaborated that right from the selection criteria to the final certification, the approach is dynamic and completely customized as per market requirements. “You will have to present your case to enroll for this course. After the six months of rigorous coaching by some of the best global business minds, you will have to make another presentation on your business plan. The best new venture idea of the batch will be funded the entire course fee as an investment to start your own venture,” he added.

They both feel that this could be an unparalleled opportunity as there are currently no international entrepreneurship programs catering to students from family business backgrounds in India. “Dubai’s strategic location, business-friendly policies, and safety standards make it an ideal destination for both learning and business establishment,”

The participants are all set to gain valuable experiences such as diverse peer learning, cultural understanding, global perspective, industry insights, and international expansion. They will be assisted on coming to Dubai on an investor visa for the course and can explore business expansion opportunities in other Gulf Co-operating Council Countries (GCC) such as Saudi Arabia and Oman along-with handpicked European countries by being taken there for experiential learning during festival and course breaks.

About Midas and CS Institute of Management
Located in the global business hub of Dubai at a most strategic location of Dubai Healthcare City right next to Wafi Mall, the Midas and CS Institute of Management offers tailor-made, cutting edge programs for aspiring entrepreneurs and family business successors. These market-oriented, practical programs are poised to provide the students with the tools necessary for their global journey, setting them on a path towards success and innovation in the ever-changing world of business. Currently there are two courses. One is called ‘Entrepreneurship and Enterprise Management’ for 21 to 30 year old graduates from business families or aspiring entrepreneurs. Another upcoming program is for business and startup owners who are 30 years and above. This intensive one-week program will provide a global exposure to them for transforming their business and also show them how to start a business in Dubai.

Announcements

UAE to crack down on businesses not complying with electronic invoicing rules

Published

35 mins ago

December 8, 2025

Michael Gomes

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The UAE Ministry of Finance has introduced a Cabinet Resolution imposing administrative fines on businesses that fail to comply with the country’s Electronic Invoicing System (EIS), reinforcing the nation’s drive for digital transformation and stronger tax compliance.

The rules apply to all entities required to adopt EIS under Ministerial Decision No. (243) of 2025. Companies using the system voluntarily are exempt from penalties until compliance becomes mandatory.

Fines include:

Dh5,000 per month for failing to implement EIS or appoint an approved service provider on time.
Dh100 per electronic invoice not issued or sent on time, capped at Dh5,000 per month.
Dh100 per electronic credit note not issued or sent on time, capped at Dh5,000 per month.
Dh1,000 per day for not notifying the Federal Tax Authority of system malfunctions.
Dh1,000 per day for delays in updating approved service providers on registered data changes.

Officials stressed that the resolution underlines the UAE government’s commitment to international best practices and the development of a fully integrated digital economy.

Announcements

UAE VAT rules are changing in 2026: Here’s what businesses need to know

Published

4 days ago

December 4, 2025

Michael Gomes

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The UAE’s Ministry of Finance has announced a new set of amendments to the country’s VAT law, with the revised rules taking effect on January 1, 2026. The changes are designed to make the tax system easier to use and more aligned with international best practices.

In a statement, the Ministry said the move supports the UAE’s ongoing efforts to streamline its tax framework and improve administrative efficiency. The updates are also designed to provide businesses with greater clarity and reduce unnecessary paperwork.

Simpler filing, fewer steps

One of the biggest changes removes the requirement for businesses to issue self-invoices when using the reverse charge mechanism. Instead, companies will simply need to keep the usual documents that support their transactions, such as invoices, contracts and records, which the Federal Tax Authority (FTA) can review when checking compliance.

According to the Ministry, this adjustment “enhances administrative efficiency” and provides clear audit evidence without placing extra paperwork burdens on businesses.

Five-year window for VAT refunds

The updated law also introduces a five-year limit for claiming back refundable VAT after accounts have been reconciled. Once this period ends, businesses lose the right to submit a claim. Officials say this helps prevent long-delayed refund requests and gives taxpayers more certainty about their financial position.

Tighter rules on tax evasion

To protect the system from misuse, the FTA will now have the authority to deny input tax deductions if a transaction is found to be linked to a tax-evasion arrangement. This means businesses must ensure the supplies they receive are legitimate before claiming input VAT.

Taxpayers are expected to verify the “legitimacy and integrity” of supplies as part of these strengthened safeguards.

Supporting a competitive economy

The Ministry said the amendments will boost transparency, ensure fairness across the tax system and support better management of public revenue. The updated rules also aim to maintain the UAE’s competitive edge while supporting long-term economic sustainability.

Announcements

Ravi Shastri & Neeraj Sareen Lead Revolutionary Multi-Continental T10 Cricket League

Published

2 weeks ago

November 22, 2025

Staff Reporter

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In a significant development for cricket around the world, Pro10, spearheaded by cricket legend Ravi Shastri and sports entrepreneur Neeraj Sareen, today announced its groundbreaking international launch bringing professional T10 cricket to Southeast Asia and Europe.

The inaugural season features five franchise teams competing between January 30–February 4, 2026, at Thailand’s world-class Terd Thai Cricket Ground, with West Indies icon Sir Viv Richards serving as Thailand ambassador and a marquee roster including David Warner, Chris Lynn, and George Munsey.

Pro10 has been envisioned as a catalyst for cricket in emerging regions, pioneering professional cricket in non-traditional Southeast Asian and European markets. Not only does the initiative provide a fast, accessible format that empowers new audiences and aspiring players across Southeast Asia and Europe, but it also serves as a unique platform of structured, professionally run T10 cricket in Thailand, Bulgaria, and Poland.

The marquee competition will provide local players with an opportunity to rub shoulders with some of the finest international players and coaches, giving their development an undeniable boost. The league is firmly positioned a practical development tool for emerging nations that have limited access to international players.

Adding his perspective on Pro10 and the league’s impact on new regions, Sir Viv Richards, Thailand Ambassador, said:”Cricket grows strongest when it reaches new people, and new communities. Pro10 is doing exactly that by giving Thailand, Bulgaria, and Poland a platform to shine. I am delighted to help guide this journey and to see local talent gain exposure to international players and coaches. This is how the game expands, and this is where the future lies.”

Speaking on the launch and the league’s wider purpose, Ravi Shastri, Co-founder & Partner, said: “Pro10 represents cricket’s next evolution: explosive T10 excitement with genuine grassroots development. We’re creating sustainable ecosystems to develop stars from Thailand, Bulgaria, Poland, and beyond. Having Sir Viv Richards as Thailand ambassador and players like David Warner demonstrates the calibre we’re building. The T10 format is perfect for today’s world, showcasing cricket’s incredible global potential.”

Sharing his perspective on Pro10’s vision and long-term commitment to new cricket markets, Neeraj Sareen, Founder & CEO, said: “Pro10 is built from the ground up with sustainability, local talent development, and world-class entertainment. We’re partnering with communities, cricket boards, and institutions to create something truly special. Securing Sir Viv Richards as Thailand ambassador testifies to our vision. With Ravi’s cricket expertise, Roshan Mahanama and Russell Maduwantha’s operational brilliance, we’re building cricket’s future, not just hosting matches.”