Category Archives: Business & Investments

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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Business & Investments

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and UAE.

Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and the United Arab Emirates to discuss the growth of the real estate sector

DUBAI, UNITED ARAB EMIRATES – The Real Estate Seminar, organized by LIDE EMIRATES, took place on June 4th, 2024 at the Crowne Plaza Dubai Marina and was marked by the presence of renowned leaders in the real estate sector from Brazil and the United Arab Emirates. The event provided a conducive environment for discussions on the growth and opportunities present in the real estate markets of these two countries.

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