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Filipino Times
33 minutes ago
- Filipino Times
OWWA e-Card printer to stay at MWO-Dubai even after Serbisyo Caravan
UAE-based OFWs who were unable to claim their e-Cards during the recent Serbisyo Caravan in Dubai will still be able to get their cards, as the Overseas Workers Welfare Administration (OWWA) will leave its card printer at the Migrant Workers Office (MWO). 'Huwag kayong mag-alala para sa OWWA dahil hindi lang ito isang araw lang sa Dubai. Iiwan na namin dito 'yung card printer para tuloy-tuloy lang ang pagpi-print ng OWWA e-Card dito sa Dubai,' OWWA Administrator Patricia Yvonne Caunan. Alongside the surge in National ID applications, the OWWA e-Card was among the most in-demand services during the OFW Serbisyo Caravan held at the Dubai World Trade Center on August 3. Active members of OWWA who wish to request an e-Card may complete their registration using a QR code provided by the agency. The QR code will remain available for those who missed the caravan. She added that eligible individuals can claim their e-Card anytime, even after the event. 'Anytime pwede niyong kunin, at kung hindi niyo makukuha today, kayo po ay cocontact-in ng mga tauhan ng OWWA dito sa Dubai,' she said. Thousands of attendees OWWA made the decision after thousands of Filipinos turned up at the one-day event, overwhelming the initial space at Exhibition Hall 8 of the Dubai World Trade Center and prompting organizers to expand the venue to Sheikh Rashid Hall. Caunan acknowledged the large turnout and emphasized the need for recurring caravans in the UAE. 'Hindi natin in-expect na ganito karami ang may kailangan ng serbisyo ng gobyerno dito sa Dubai. Hindi pwedeng isa o dalawang araw lang ito, kailangan ulit-ulitin ito dahil kailangan dito sa UAE dalhin ang serbisyo ng gobyerno,' Caunan said. The OWWA e-Card serves as proof of membership and can be used to access various government services and programs for overseas Filipinos.


Khaleej Times
40 minutes ago
- Khaleej Times
Dubai leads gains in GCC equities in July with almost 8% surge
Dubai continued to outperform other GCC stock markets in July, according to a report published on Sunday. According to Kamco Invest's GCC Markets Monthly Report, the DFM General Index posted its fourth consecutive monthly gain, rising 7.9 per cent to close at 6,159.2 points—marking the strongest monthly performance across the region. This rally pushed the index's year-to-date (YTD) return to 19.4 per cent, the highest among GCC markets in 2025. Sector performance was broadly positive, with five out of eight sector indices recording gains. The Financials Index led the charge, surging 12.1 per cent, followed by Real Estate (+11.7 per cent) and Industrials (+6.9 per cent). The Financials Index was buoyed by double-digit share price increases in major players such as Commercial Bank of Dubai (+20.1 per cent) and Emirates NBD (+17.3 per cent). Conversely, the Consumer Discretionary Index fell 4.2 per cent, the steepest decline among sectors. Bloomberg's monthly stock performance data highlighted Ekttitab Holding Company as the top gainer, soaring 43.2 per cent in July. United Foods Co and Commercial Bank of Dubai followed with gains of 21.5 per cent and 20.1 per cent, respectively. On the downside, International Financial Advisors led the decliners with a 9.2 per cent drop, while National General Insurance and Dubai Refreshments Company fell 8.1 per cent and 7.6 per cent, respectively. Trading activity also picked up momentum. Total share volume rose 7.4 per cent to 7.5 billion shares, up from 7.0 billion in June. The value of shares traded increased 10.7 per cent to Dh16.7 billion. Union Properties led in trading volume with 1.2 billion shares exchanged, followed by Drake & Skull International (836.3 million) and Deyaar Development (669.7 million). In terms of value, Emaar Properties topped the chart with Dh3.6 billion in trades, followed by Dubai Islamic Bank (Dh1.5 billion) and Emirates NBD (Dh1.2 billion). Abu Dhabi maintains upward momentum The FTSE ADX Index in Abu Dhabi also recorded its fourth straight monthly gain, rising 4.1 per cent in July after a 2.8 per cent increase in June. The index closed at 10,370.66 points, bringing its YTD gain to 10.1 per cent. Seven out of ten sector indices posted gains, with Health Care, Financials, and Real Estate driving the overall growth. The Health Care Index led with an 11.0 per cent rise, closing at 2,162.1 points, supported by gains across all four constituent companies—most notably PureHealth, which jumped 11.9 per cent. The Real Estate Index climbed 7.0 per cent to 14,115.3 points, bolstered by price increases in all five companies, including a 20.2 per cent surge in Al Khaleej Investment Co. Meanwhile, the Utilities Index saw the sharpest decline, falling 4.6 per cent. Regional overview Across the region, GCC markets continued to rise in July, driven by optimism around Q2 earnings. The MSCI GCC Index posted a 2.2 per cent gain, its second consecutive monthly increase, with broad-based contributions from all exchanges. On a YTD basis, the index was up 3.7 per cent, reflecting positive momentum across most markets—except Saudi Arabia and Bahrain, which declined by 9.3 per cent and 1.5 per cent, respectively.


Arabian Post
2 hours ago
- Arabian Post
eToro Plans Launch of Tokenized US Stocks and ETFs on Ethereum
eToro, the globally recognised trading platform, revealed plans to introduce tokenized US stocks and exchange-traded funds on Ethereum. This announcement, made during a global webinar titled 'eToro Unlocked: Trade Without Boundaries', marks a significant development in the integration of traditional financial assets with blockchain technology. The initiative aims to bridge the gap between conventional finance and the burgeoning world of decentralised finance. By utilising Ethereum's blockchain, eToro will allow users to trade tokenized versions of US stocks and ETFs. This move follows the growing trend of decentralised financial products that provide greater accessibility and transparency to global markets. The tokenisation of these assets is expected to enable fractional ownership, meaning investors can hold and trade portions of stocks and ETFs without the need for a large capital outlay. This shift is in line with a wider industry push towards blockchain adoption. Major financial institutions, including banks and asset managers, have explored tokenisation as a way to simplify processes, reduce costs, and make trading more efficient. By offering these products on a platform like eToro, which boasts millions of active users, the company is positioning itself as a key player in the digital asset space. ADVERTISEMENT As of now, traditional trading platforms have been somewhat slow to incorporate blockchain technologies, particularly when it comes to mainstream products like equities and ETFs. However, tokenisation is rapidly gaining traction, with the promise of faster transactions, lower fees, and enhanced security. Ethereum, due to its widespread use and robust smart contract capabilities, has emerged as a leading blockchain for such innovations. The rollout of tokenized US stocks and ETFs will occur in phases. Initially, a select group of eToro users will be given early access to these digital assets, with the plan for a broader launch depending on regulatory approval and market demand. Despite the novelty of tokenised equities, the platform's offering will be fully compliant with the relevant financial regulations, ensuring that users can trade with confidence. eToro's move to embrace Ethereum-based tokenisation comes at a time when other financial services firms are also investigating blockchain's potential in transforming asset management. For instance, firms like Fidelity and Grayscale have pioneered offerings that allow traditional investment in cryptocurrency, while companies such as JP Morgan and Goldman Sachs have been integrating blockchain technologies into their existing infrastructure. However, it remains to be seen whether tokenised assets can truly revolutionise the way investors interact with traditional financial products. While blockchain technology offers numerous advantages, including faster settlement times and reduced friction in cross-border trading, the challenge lies in widespread adoption. Regulatory hurdles and market acceptance will play key roles in determining whether tokenisation becomes mainstream or remains a niche offering. Nonetheless, the trend is gaining momentum. Tokenisation is seen as a way to democratise access to high-value assets that were previously reserved for wealthier investors or institutions. By breaking down these assets into smaller, more affordable fractions, eToro aims to give a wider audience the opportunity to diversify their portfolios, gain exposure to US stocks and ETFs, and participate in a global marketplace. As eToro has expanded its offerings in recent years, it has positioned itself as a platform that seeks to empower users by providing more trading options and access to a range of global financial products. This tokenisation project is part of eToro's broader vision of a more open and inclusive financial ecosystem, where geographical and financial barriers are diminished through technological advancements.