Category Archives: Business & Investments

Business & Investments

Malabar Gold & Diamonds Broadens Partnership with Brink’s Inc., Embracing Innovative Strategies.

Malabar Gold & Diamonds Broadens Partnership with Brink’s Inc., Embracing Innovative Strategies.

Malabar Gold & Diamonds, the 6th largest jewelry retailer globally with over 350 showrooms across 13 countries, have extended their partnership with Brink’s Inc., a leading provider of cash and valuables management, digital retail solutions, and ATM Managed Services, to utilize their cash management services in the UAE & precious metal storage facilities globally.

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Business & Investments

Middle East Continues its Year on-Year Growth with AuM Reaching $2.3 Trillion in 2023

  • Globally, in 2023, Assets Under Management (AuM) Rose by 12% to Nearly $120 Trillion.
  • BCG’s 22nd Annual Global Asset Management Report Examines How AI Improves Productivity, Customer Engagement, and Private Market Expansion.

Dubai, June 5, 2024 – Boston Consulting Group (BCG) has released its 2024 Global Asset Management Report, highlighting the Middle Eastern asset management sector’s significant contribution to the industry’s growth. According to the report, the region’s Assets Under Management (AuM) surged by 13%, rising from $2 Trillion in 2022 to $2.3 Trillion in 2023, emphasizing the sector’s pivotal role in the global asset management landscape.

BCG’s latest report, “AI and the Next Wave of Transformation,” comprehensively analyzes how artificial intelligence reshapes the asset management industry. The report surveyed asset managers who collectively oversee over $15 Trillion in assets and reveals a strong consensus among industry leaders that a shift toward AI-driven management is essential.

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Business & Investments

RemotePass Simplifies HR and Payroll for UAE Companies with New Direct Employee Feature

Abu Dhabi, UAE – June 5, 2024 – Leveraging its experience as a global platform offering contractor management and employer-of-record services in 150 countries, RemotePass, an HR and fintech platform, has launched ‘Direct Employee.’ This new solution empowers UAE companies, whether in free zones or the mainland, to onboard, manage, and pay their local and global employees through a single platform.

Direct Employee enables companies to instantly create compliant employment contracts, track expenses and time off, generate essential HR documents, and gain crucial insights through comprehensive analytics and reports. Additionally, the solution offers convenient approval workflows and seamless integrations with popular communication tools and finance systems like QuickBooks.

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Business & Investments

5 Costly Mistakes to Avoid When Onboarding Independent Talent

The independent talent economy is experiencing significant growth both globally and in the MENA region. Organizations are increasingly tapping into this unique talent pool, drawn by its agility, cost benefits, and easy access to in-demand skills.

However, many organizations fall short in implementing tailored onboarding strategies for these professionals. Traditional employee onboarding practices are not well-suited to the faster-moving, competitive world of highly skilled independents.

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Business & Investments

Armstrong Fluid Technology MEA Marks World Environment Day

As Regional Initiatives Reinforce Company’s Global Commitment to Sustainability

Dubai, UAE – 5 June 2024: Armstrong Fluid Technology MEA marked World Environment Day 2024 with team-building exercises dedicated to cleaning up the local environment.

World Environment Day, which is celebrated annually on June 5, is the United Nations day for encouraging worldwide awareness and action to protect our environment. This year, the Kingdom of Saudi Arabia hosted the global celebrations. Armstrong’s MEA team took part in a litter pick-up around the office site, to promote environmental awareness and demonstrate Armstrong’s ongoing commitment to sustainability.

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