Face to face works best for business



Eye contact at Monday meetings in the UAE could boost your business revenues by at least a quarter per year because virtual meetings don’t always foster the understanding and trust needed to bolster the bottom lines, according to research by Crowne Plaza Hotels & Resorts.

“The findings are clear,” said Janis Cannon, the global vice president, Crowne Plaza Hotels & Resorts. “Virtual meetings can save time and money but there are times when sealing a deal requires a handshake and ‘seeing the whites of the eyes’ of a business associate.”

That such meetings in the flesh are being reduced to cut costs is evidenced by the more than two thirds of the 2,000 business people surveyed in the United Kingdom, the United States, the UAE, China and India who reported that they have attended more and more virtual meetings in the past five to 10 years through technologies such as video conferencing.

In the UAE alone, 57 per cent of respondents said that they believed they lost business with a client because they didn’t have enough meetings in person, while 79 per cent of Emirati business men and women said client relationships were strengthened more by such meetings than the virtual variety.

The Emirates also happened to be the place where those conducting the survey found the greatest increase in face-to-face encounters in a business setting, an advance of 55 per cent, compared with the average gain of 43 per cent of all the countries surveyed.

That’s perhaps due to the fact that people here like to talk more. UAE executives spend an average of 9.5 minutes on niceties before getting down to business when conducting a meeting, some two minutes longer than the global average and 3.5 minutes more than the US and the UK.

Whereas in those countries, business people ruminate about the weather and their journey to the meeting, in the UAE, news and current affairs are the most popular subjects discussed while warming up ahead of serious negotiations.

Comfortable chairs, a relaxing temperature as well as avoiding the temptation of fidgeting with your smartphone also contribute to a successful meeting, according the report.

mkassem@thenational.ae

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
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Director: Michael Sarnoski

Rating: 4/5

Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation

SUZUME

Director: Makoto Shinkai

Stars: Nanoka Hara, Hokuto Matsumura, Eri Fukatsu

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First round
Emmanuel Macron: 51.1%
Francois Fillon: 24.2%
Jean-Luc Melenchon: 11.8%
Benoit Hamon: 7.0%
Marine Le Pen: 2.9%

Second round
Emmanuel Macron: 95.1%
Marine Le Pen: 4.9%

Stamp duty timeline

December 2014: Former UK chancellor of the Exchequer George Osborne reforms stamp duty land tax (SDLT), replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:

Up to £125,000 – 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; More than £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Chancellor Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak extends the SDLT holiday at his March 3 budget until the end of June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

June 2021: SDLT holiday on transactions up to £500,000 expires on June 30.

July 2021: Tax break on transactions between £125,000 to £250,000 starts on July 1 and runs until September 30.

COMPANY PROFILE

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Started: March 2022
Founders: Tamer Amer and Karim Maurice
Based: Cairo
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