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Dubai: Stuck outside the UAE and want to shut down your business? As the COVID-19 pandemic makes people’s work and personal life take unpredictable turns, a Gulf News reader wrote in, asking what he could do to liquidate his business, as he was struggling to return to the country. He said: “I am have to close down my business in the UAE. I am stuck in India at the moment, and I don’t think I will be able to come to the UAE anytime soon, as I am also facing some personal emergencies with my family. I spoke to my lawyer and wanted to give him the power of attorney to complete the process from my end. But I have heard that this would take a long time. Considering the situation I am in, I don’t want to run up any losses, so what is the easiest and quickest way to close my business? Please help.” ....
Dubai: Saeed Khalifa Mohammed Al Fuqaei Al Ali, 43, chairman of Shuraa Group, is an Emirati who has become a multi-millionaire by relying on his own effort and hard work. “Trust me, just because I am an Emirati, it is not that I have had it all too easy. I come from a humble background, but our values are strong. My father taught me two things and they are firmly etched in my memory: Honesty and hard work are the keys to success. And I have stuck to this mantra,” said Saeed. His father s values His father, Khalifa Mohammed Al Fuqaei, is often referred to as the ‘King of the Sea’. Born in 1921, Khalifa, who died in 2014, was known for his foresight and resourcefulness to develop shipping trade with numerous countries even before the UAE was formed. The same ambitions have trickled down to Saeed, who has also worked hard to maintain his ideals. ....