UAE unemployment insurance scheme October 1 deadline: Less than 24 hours remain to register

The UAE Ministry of Human Resources and Emiratisation (MoHRE)’s deadline to sign up for the Involuntary Loss of Employment (ILOE) scheme has less than 24 hours remaining for those employees who have not yet subscribed to it. A fine of Dhs400 will apply on eligible employees who don’t sign up for the mandatory unemployment insurance […]

Swiss bank Lombard Odier plans expansion after getting new Dubai licence

Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior executives told Reuters on Thursday. The bank, which has had a representative office in Dubai, a major regional financial hub, for 17 years and a branch in […]

Mubadala in talks with Temasek for stake in India’s Manipal Hospitals: Report

Mubadala is in talks to acquire a stake of less than 10 per cent in India’s Manipal Hospitals, in what could be the Abu Dhabi sovereign fund’s first investment in the booming Indian healthcare space, people with direct knowledge told Reuters. The fund is holding talks with Singapore’s Temasek, which spent $2bn in April to raise […]

The UAE as the new alternative investment hub

In a globalised financial environment, managing risk has become a paramount focus for Alternative Investment Fund Managers (AIFMs). Regulatory landscapes significantly impact risk management, with rules varying across jurisdictions. While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as […]