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Investors eye ‘retiring 3 years earlier’ than non-investorsPeople who invest their wealth expect, on average, to retire 3 years earlier than non-investors, a survey by global market research firm YouGov commissioned by private market exchange ADDX has found. The More… |
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DAE announces early retirement of $488m of Senior NotesDubai Aerospace Enterprise (DAE) has announced that it had delivered a notice of early redemption (the Redemption Notice) to the holders of its $500 million of 5.25% Senior Notes due 2021. These Notes are scheduled to be redeemed on October 15 More… |
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DAE announces early retirement of $488m of Senior NotesDubai Aerospace Enterprise (DAE) has announced that it had delivered a notice of early redemption (the Redemption Notice) to the holders of its $500 million of 5.25% Senior Notes due 2021. These Notes are scheduled to be redeemed on October 15 More… |
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UAE expats lacking in post-retirement security: studyNearly half (45 percent) of expat employees in the UAE either have no plans to ensure an adequate standard of living after retirement or plan to work beyond the retirement age to ensure continued income, a report said. The study t More… |
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Savers in UAE ‘can expect $864,000 retirement wealth’The average wealth expectancy of those in the UAE with enough disposable income to save and invest is $864,000, or $391,000 for the emerging affluent, $922,000 for the affluent and $1,278,000 for HNWIs, said Standard Chartered in a new report. More… |
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Expats not saving enough for retirement, says studyExtensive research conducted by UAE-based independent financial advisory, Hoxton Capital Management - has revealed that around 85 per cent of expatriates based in the Middle East are not saving for their retirement. In addit More… |
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Majority in UAE ‘reliant on gratuity for retirement’Nearly nine in 10 individuals in the UAE say they will receive an end-of-service gratuity of more than Dh20,000 ($5,444) for 62 per cent, said a report, highlighting the role of end-of-service benefits in the retirement plans of workers. More… |
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IMF general legal counsel Sean Hagan to retireThe International Monetary Fund’s (IMF) general counsel, Sean Hagan, will retire at the end of October, managing director Christine Lagarde announced today. Hagan has worked at the fund for 28 years, including almost 14 as g More… |
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Nemir Kirdar steps down as Investcorp chairmanInvestcorp, a leading global provider and manager of alternative investment products, today announced that its founder, Nemir Kirdar, has stepped down as chairman of the board of directors to enter full retirement. More… |
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Emirates to retire 26 aircraft next yearDubai-based Emirates airline has announced that it will retire 26 aircraft in 2016, with the average age of those carriers being 15.7 years, well-below the average industry retirement age of 25. The Emirates aircraft slated for retireme More… |
