65% of actively involved family members believe the next generation is well-prepared for future challenges.
Only 30% of non-actively involved family members share the optimistic view of their actively involved counterparts.
50% of both actively involved family members and non-family professionals agree that the next generation should primarily participate on the board of directors.
The report emphasizes the need for standardized guidelines and governance structures to ensure smooth leadership transitions and sustained business success.
As the first Abu Dhabi-based provider with initial authorisation by MoHRE and the SCA, Lunate’s EoSB Fund will offer a choice of sub-funds including conventional and Shariah-compliant investment strategies
The EoSB scheme, approved by a UAE Cabinet Resolution in 2023, will offer employers and their employees more control and choice over savings plans
Abu Dhabi, 8 July, 2024 – Lunate Capital LLC (“Lunate”) today announced that it has received initial authorisation by the Ministry of Human Resources and Emiratisation (“MoHRE”) and the Securities & Commodities Authority (“SCA”) to serve as the first Abu Dhabi-based Fund Manager and Administrator of the UAE’s Voluntary Alternative End-of-Service Benefits (“EoSB”) Scheme through the newly licensed Lunate EoSB Fund (the “Fund”). Through a joint committee, MoHRE and the SCA granted initial approval for Lunate’s application after ensuring compliance with regulatory requirements and conditions.
Network and Policybazaar.ae sign referral agreement
Merchants can now access affordable insurance policies through the Network Expense Hub portal
UAE, 08 July, 2024:Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic referral partnership with Policybazaar.ae, UAE’s leading financial services aggregator. The partnership aims to offer affordable insurance policies to Network International’s merchant base.
Riyadh, Saudi Arabia, 8th July 2024: FarmERP, a global leader in cutting-edge sustainable technology solutions, has announced a strategic partnership with Seiyaj Tech, a Saudi Arabian tech company focused on localizing green energy technologies from top international companies. The Memorandum of Understanding (MoU), signed in Riyadh, aims to expand FarmERP’s influence and impact in Saudi Arabia, leveraging Seiyaj Tech’s extensive business network and local expertise.
Saudi Arabia’s agriculture sector faces unique challenges, including extreme weather, water scarcity, and limited resources. FarmERP, with over 12+ years of experience in the Gulf region and extensive operations in Saudi Arabia, has developed tailored solutions to meet the specific needs of the region’s agribusinesses. This partnership will allow FarmERP to collaborate with leading companies and government organizations, providing them with the advanced technology necessary to thrive in these challenging conditions.
More than 26,000 attendees, 300 exhibitors, and 200 investors expected at inaugural three-day Saudi Government-backed exhibition and summit in Kingdom’s capital
With aspirations to be the most influential fintech event in Asia, Europe, Middle East and North Africa, 24 Fintech will feature expert-led content when it takes place September 3-5, 2024
Hosted by the Financial Sector Development Program, Saudi Central Bank, Capital Market Authority, Insurance Authority, and co-organised by Fintech Saudi and Tahaluf, 24 Fintech will be a world-beating fintech event, helping drive Kingdom’s fintech transformation
International speakers already confirmed from leading organisations including the Monetary Authority of Hong Kong, Standard Chartered, Citi Group, Barclays, HSBC, S&P, Arthur D Little, Swift & Ripple
UAE News 24/7 