The initiative, now available to all private sector entities in the UAE, allows businesses to invest in their employees’ end-of-service benefits (EOSB) as part of the government’s new Alternative EOSB Savings Scheme
End of service benefits UAE
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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
End of service benefits UAE
FAB to introduce UAE end-of-service benefits fund as gratuity alternative
First Abu Dhabi Bank gets approval for UAE end-of-service funds
Bahrain
UAE announces major investment and transport strategies; Visa-free travel to Qatar, Golden Visas in Bahrain, Dubai targets $272bn real estate market – 10 things you missed this week
UAE strategies for transport, investment and real estate, Qatar tourism, Bahrain Golden Visas and more of the biggest stories this week
End of service benefits UAE
UAE Savings Scheme v Gratuity: Employers urged to register for alternative end-of-service benefits service
UAE employers are encouraged to register workers for Savings Scheme as an alternative end-of-service benefit
Daman Investments
UAE announces 2 companies to offer alternative end of service savings schemes
UAE has approved Lunate and Daman Investments to offer end of service benefits savings schemes
Corporate tax
UAE Royal Family holiday photos; New luxury mall in Dubai; Saudi wage increases; Tax warning – 10 things you missed this week
UAE real estate, tax, commercial gaming and end of service benefit updates, Royal Family holiday photos, Saudi wage increases and more lead news stories this week
End of service benefits UAE
UAE Golden Pension: 82% of staff open to employer investing end-of-service benefits
UAE workers look to boost post-retirement income with investment schemes
End of service benefits UAE
How to plan and budget for retirement
While it is never too late, the longer you wait before planning life-after-work, the more you will need to set aside each month, said GM of StashAway MENA
End of service benefits UAE
UAE plan to set up expat retirement funds moves a step closer
Federal Authority for Government Human Resources (FAHR) held a meeting to debate the issues
DIFC
DIFC to introduce end of service gratuity reforms from January 2020 – report
It is not clear whether the proposals will be expanded to the rest of the UAE
employee retirement
UAE should set up investment funds to help expats manage retirement, says official
Authorities are conducting studies to improve the end-of-service benefits system, particularly as the age of retirement has increased
Abu Dhabi
Video: UAE Labour Law – insurance and gratuity benefits explained
Arabian Business reporter Shruthi Nair explains the provisions of the labour law that details insurance and gratuity benefits of every employee working in the UAE.
End of service benefits UAE
UAE residents depend on end-of-service gratuity for retirement, survey shows
A vast majority of people said they plan to continue working in some capacity after retirement
bank guarantees for employee in uae
UAE’s new low-cost hiring system to take effect this month
Sheikh Mohammed announced in June that AED14 billion held in employee deposits will be released back to companies in October
End of service benefits UAE
Revealed: Most common reasons for frozen bank accounts in UAE
The Middle East regional director of Guardian Wealth Management noted that the majority of residents are unaware of what can lead to frozen accounts
End of service benefits UAE
Video: Is it time to overhaul the UAE’s end-of-service payments?
As workplace reforms sweep across the UAE, people stay in their roles for longer, and a new five-year visa for expat retirees aged over 55 years is set to be implemented, the big question is whether now is the time to overhaul the end-of-service benefit policy?