On today's update we have the latest coronavirus figures, hope for Pfizer and BioNtech's vaccine, and Adnoc is to explore new fuels.
We also have news of how flexible working hours might lead to the end of Dubai's rush hour, UAE police reunite a mother with her nine-year-old boy, and a ceasefire deal is agreed in Nagorno-Karabakh.
Jason Von Berg joins us for what's trending, including the IPL, Donald Trump's tweets, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, on Dubai Ride 2020.
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
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