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.

Continue reading RemotePass Simplifies HR and Payroll for UAE Companies with New Direct Employee Feature →
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.

Continue reading 5 Costly Mistakes to Avoid When Onboarding Independent Talent →
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.

Continue reading Armstrong Fluid Technology MEA Marks World Environment Day →
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.

Continue reading Real Estate Seminar – LIDE EMIRATES brings together authorities, entrepreneurs, and investors from Brazil and UAE. →
Business & Investments

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering

– First bank capital transaction from the UAE FIG complex in 2024. Transaction marked Mashreq’s successful return to the debt capital markets since their last issuance in 2022

– Record price tightening from IPTs of 65-75bps on the back of a robust orderbook that peaked at US$2.3bn (4.4x oversubscription)

– Transaction achieved the largest price tightening by any UAE bank in the last 5 years for an Additional Tier 1 transaction

– Offering achieved the lowest coupon by any UAE bank in the last 3 years for an Additional Tier 1 transaction

– Mashreq’s tightest ever reset margin (+270.5bps) for any of its bank capital issuances (AT1 and Tier 2), which also marks the tightest spread ever achieved on a conventional US$ AT1 benchmark issuance out of the Middle East

Continue reading Mashreq – Successful Pricing of US$500mn Additional Tier 1 Bond Offering →

Interesting News Blog