BNY will provide custody services for international securities across multiple markets, while SS&C will be responsible for managing the platform’s technological infrastructure
end-of-service benefits
Latest in end-of-service benefits
end-of-service benefits
Abu Dhabi’s IHC signs MoU with Lunate to explore Ghaf Benefits for employees
Ghaf Benefits, launched by Lunate, is an alternative end-of-service benefits fund platform dedicated to enhancing workplace benefits in the UAE
End of service benefits UAE
Abu Dhabi’s Lunate launches Ghaf Benefits platform to transform UAE end-of-service gratuity
The platform is available to private sector employers and their employees across the country
DEWS
UAE’s National Bonds partners with DIFC’s DEWS Plan to boost wealth creation for over 40,000 employees
The announcement coincides with a period of notable achievements for National Bonds, with the group’s investment portfolio crossing AED14 billion as of December 2023
end-of-service benefits
Decoding the UAE’s new end of service scheme: What you need to know
The scheme offers a dual benefit for employers and employees, providing an alternative method for end-of-service contributions and promoting economic growth and investment opportunities in the UAE
Dubai gratuity law
UAE gratuity change: How to calculate your end-of-service benefits
Following new changes, here is how you can calculate your gratuity
Dubai gratuity law
UAE announces private sector gratuity will not include unpaid leave days
The end-of-service gratuity is calculated based on the final basic salary of the employee
Dubai Taxi Corporation
Dubai reveals Golden Pension Plan for taxi drivers
The plan allows employees to contribute as little as AED100 on a monthly basis
Dubai gratuity law
UAE gratuity: How to calculate your end of service benefits
The UAE exercises strong laws regarding end-of-service benefits to ensure employees are met with a safety net in case of job loss or resignation
Emirati employees
UAE employers will need to expedite Emirati workers’ end-of-service file submissions under new law
Employers across government and private sectors will need to provide full end-of-service details and files of their Emirati employees within a month from the end of their employment
end-of-service benefits
What UAE’s amended labour laws will mean for employees’ gratuities
Joanna Matthews-Taylor, partner and head of employment at Baker McKenzie Habib Al Mulla, outlines the key changes to the labour law highlighting the benefits for employees and employers
end-of-service benefits
How amendments to UAE labour law will drive the country’s talent-retention efforts
Effective February 2022, the adjustments modernise labour relations and enhance the country’s liveability for expats, say leading industry experts
DEWS
DIFC employee savings plan attracts $127m within year of launch
Over the last 12 months, 19,182 members of the DIFC workforce from 1,187 firms operating in the emirate’s financial hub, have been enrolled in the plan
Arif Amiri
Dubai’s DIFC launches employee savings scheme
New DIFC investment platform to act as alternative to end-of-service payments
Employees
Saudi firms face $800 fine per staff member for delays in salary payment
Private companies will be fined up to $6,665 if they fail to employ at least two women in each work shift
Beirut
Desperate and hiding, collapsed Saudi Oger workers left in limbo
Demise in 2017 of the once-mighty company owned by the family of Lebanese Prime Minister Saad Hariri forced thousands of its expatriate workers to exit the kingdom without months of unpaid wages and end-of-service benefits
Dubai gratuity law
Three reasons why the UAE should set up investment funds to help expats manage retirement
The country’s end-of-service benefits system needs improvement.