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diettoxsupplements · 18 days

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Multivitamin Supplements in Abu Dhabi | Diettox

Abu Dhabi, the vibrant capital of the United Arab Emirates, is renowned for its modernity, cultural diversity, and commitment to health and wellness. As residents navigate the hustle and bustle of city life, maintaining optimal health becomes paramount. This is where Multivitamin Supplements in Abu Dhabi come into play.

In this blog, we’ll explore why multivitamin supplements are essential, the best places to find them in Abu Dhabi and Dubai, and how to choose the right multivitamin to meet your specific needs.

Why Multivitamin Supplements?

Multivitamins are dietary supplements that contain a combination of vitamins, minerals, and other essential nutrients. They are designed to fill nutritional gaps and ensure you get the necessary vitamins and minerals that might be missing from your diet. Here are some key reasons why multivitamin supplements are crucial:

Nutritional Insurance: Even with a balanced diet, it can be challenging to get all the nutrients your body needs daily. Multivitamins act as an insurance policy to cover any nutritional shortfalls.

Boosts Immunity: Essential vitamins like A, C, D, and E, along with minerals like zinc, play a vital role in supporting the immune system.

Supports Overall Health: From improving energy levels to enhancing skin health and supporting bone strength, multivitamins contribute to overall well-being.

Addresses Specific Needs: Certain groups, such as pregnant women, the elderly, and individuals with specific health conditions, have unique nutritional requirements that multivitamins can address.

Finding the Best Multivitamin Supplements in Abu Dhabi

Abu Dhabi offers a wide array of options for those looking to purchase high-quality multivitamin supplements. Here are some top places to consider:

1. Pharmacies and Health Stores

Life Pharmacy: A well-known chain in the UAE, Life Pharmacy offers a comprehensive range of multivitamin supplements from reputable brands.

Boots Pharmacy: Another popular choice, Boots provides a variety of health products, including multivitamins tailored to different needs.

2. Online Retailers

Souq.com: This e-commerce giant offers a vast selection of multivitamin supplements that can be conveniently delivered to your doorstep.

iHerb: Known for its extensive range of health supplements, iHerb is a go-to online store for many health-conscious individuals in the UAE.

3. Specialty Health Stores

Organic Foods and Café: For those preferring organic and natural products, this store offers a selection of high-quality multivitamins.

Holland & Barrett: Specializing in health supplements and natural remedies, Holland & Barrett is a trusted source for multivitamins in Abu Dhabi.

Multivitamin Supplements in Dubai

If you often travel between Abu Dhabi and Dubai, you’ll be pleased to know that the availability and variety of multivitamin supplements are equally impressive in Dubai. Many of the stores mentioned above have branches in both cities, ensuring you can find your preferred multivitamins regardless of where you are.

Multivitamin Supplements in Dubai can also be found in specialized health and wellness stores like Al Manara Pharmacy and Nutrition Zone, which offer a wide selection of high-quality supplements tailored to diverse health needs.

Choosing the Right Multivitamin

Selecting the right multivitamin can be overwhelming, given the plethora of options available. Here are some tips to help you make an informed decision:

Identify Your Needs: Determine if you need a general multivitamin or one tailored to specific needs such as prenatal, men’s health, women’s health, or senior health.

Check the Ingredients: Look for a multivitamin that provides 100% of the Daily Value (DV) for most vitamins and minerals.

Quality Matters: Choose products from reputable brands that adhere to good manufacturing practices (GMP).

Consult a Healthcare Professional: Before starting any supplement regimen, it’s advisable to consult with a healthcare provider to ensure it’s appropriate for your individual health needs.

Conclusion

Whether you’re in Abu Dhabi or Dubai, maintaining your health with the help of Multivitamin Supplements is both convenient and essential. By choosing high-quality products and understanding your specific nutritional needs, you can support your overall well-being and thrive in the dynamic environment of the UAE.

Remember, a balanced diet, regular exercise, and a healthy lifestyle, complemented by the right multivitamin, can make a significant difference in your health journey. Stay informed, stay healthy, and embrace the benefits of multivitamins in your daily routine.

More other Information: https://diettox.com/

#Diettox #Multivitamin Supplements

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crystal14 · 9 months

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Simplifying Your Move: Packers and Movers in Abu Dhabi

Are you planning a move to or within Abu Dhabi? The thought of packing up your life and ensuring a smooth transition to a new home can be daunting. This is where professional packers and movers in Abu Dhabi step in to make your relocation hassle-free with Special Crystal Packing & Packaging Services LLC . In this guide, we'll explore the benefits of hiring movers and provide insights into finding the right one for your needs.

1. Expert Abu Dhabi Movers

Relocating in a city as bustling as Abu Dhabi requires local expertise. Professional movers in Abu Dhabi are well-versed with the city's unique challenges and traffic patterns. They use this knowledge to plan efficient routes and avoid delays, ensuring your belongings reach your new home safely and on time. Packaging Company in Dubai

2. Stress-Free Packing and Unpacking

Packing and unpacking can be the most time-consuming and physically demanding aspects of a move. Packers and movers in Abu Dhabi offer comprehensive packing services. They handle everything, from carefully wrapping fragile items to disassembling and reassembling furniture, leaving you with more time and energy to settle into your new home.

3. Customized Moving Solutions

Every move is unique, and your requirements may differ from others. Reputable moving companies in Abu Dhabi offer customized solutions tailored to your specific needs. Whether you're moving to a studio apartment, a villa, or an office, they have the right resources and equipment to handle your move efficiently.

4. Safety and Insurance

The safety of your belongings during transit is paramount. Professional movers take every precaution to secure your items. In the rare event of an accident or unforeseen incident, reputable companies provide comprehensive insurance coverage. This adds an extra layer of protection and peace of mind.

5. Transparent Pricing

Worried about hidden costs? Reputable packers and movers in Abu Dhabi maintain transparent pricing. They provide detailed quotes that outline all the costs involved, ensuring you have a clear understanding of your moving expenses from the start.

Finding the Right Abu Dhabi Movers

Now that you understand the advantages of hiring packers and movers in Abu Dhabi, here's how to find the perfect fit for your move:

1. Research and Shortlist

Start by researching Abu Dhabi movers, read reviews, and ask for recommendations from friends or colleagues. Create a shortlist of potential companies.

2. Verification

Check the credentials of the shortlisted companies. Ensure they hold the necessary licenses and insurance coverage.

3. In-Person Assessment

Invite representatives from the moving companies for an in-person assessment. This helps them provide accurate estimates and ensures a smooth moving day.

4. Compare Quotes

Collect quotes from multiple moving companies and compare them. Consider their reputation, experience, and the range of services they offer.

5. Read the Contract Carefully

Before finalizing the contract, read it carefully. Ensure you understand all terms and conditions, including payment schedules and any additional services.

By following these steps, you can confidently choose professional packers and movers in Abu Dhabi who will transform your move into a smooth and organized process.

In Conclusion

Relocating in Abu Dhabi doesn't have to be a stressful experience. Professional packers and movers bring their expertise, local knowledge, and commitment to ensuring a successful and hassle-free move. So, when it's time for your Abu Dhabi relocation, trust the experts to simplify your transition to a new home.

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insurancehub9 · 1 year

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Dubai Health Insurance Companies

Keeping in mind that human life is never free from risk; one has to get protection for him/her and family. For this purpose, the insurance structure exists and functions to bear the damages and risks that occur without alarming us. Insurance is the simplest solution that ensures to compensate against huge losses by making a monthly payment to the insurance company. When an unexpected event takes place, insurance polices comes in many types and forms. These include liability insurance, life insurance Dubai, property and many more by Dubai insurance companies. Some of the mainly utilized policies all over the world are life and medical insurance which people of almost all the professions avail. Cheapest Health Insurance in Abu dhabi

Motor Insurance UAE Motor insurance, also known as auto or car insurance, is a kind that gives compensation and protection in the following cases; Losses incurred due to traffic accident If a car is stolen or damaged caused by fire Any liability that could occur due to the accident caused by the vehicle In insurance term there are a few parties involved when a motor insurance claim is made: First party that is the insurer or user of vehicle Second party that is insurance company providing coverage Third party that is the person injured by the vehicle The motor insurance is aimed and structured to put you back in previous financial position before auto damage took place. There are cheapest motor insurance UAE services possible for almost all classes of people as a car can be more than a transport. It is a valued asset that is really dear to you and your family. A deep hole in one's pocket due to sudden accident or natural calamity of the vehicle can lead one to their initial time when he/she was eager to gather money for motor purchase. So stay prepared for it, get registered with Dubai insurance companies for motor car that exactly fits to your demand. These days the UAE is currently enjoying an economic boom and working a lot to extend its sources of income. As compared to other regions, the quality of health care in the UAE is very high and it is almost equivalent to that of the medical standards in UK & USA excluding major surgical treatments. Earlier people living or visiting the UAE were benefited through medical insurance at very cheap rates or relatively free of charge. As the time passed, the increasing number of foreigners with the intention to become residents were about to enjoy all medical care near to free of cost. This was the time when the UAE government felt the need to establish medical insurance companies lying under strict policies and many Dubai health insurance companies were also launched as it is the centre of business in the UAE. Presently the residents or visitors who have not taken medical coverage are asked to pay full price for all the treatments including hospital bed fees and surgical treatments. All the major treatments like operations are well performed. The Arab doctors are trained to meet the international treatment standards and majority of the doctors and medical staff members are local along with foreigners as well. You can trust Dubai health insurance companies for better compensation. Health insurance in DubaiCheapest health insurance in dubaicar insurance in dubai

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kenresearchcompany · 1 year

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UAE Diabetes Care Services Market is estimated to grow at a positive CAGR of ~6.1% between FY’22P-FY’27F: Ken Research

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UAE’s rapid infrastructural development, growing focus on preventive care, advancements in patient care delivery and Government support will positively transform the market.

Effect of Technology & Digital Health: UAE’s health regulators are increasingly considering the adoption of new smart technologies. The country is predicted to add an additional AED 668.4 Bn to its economy by 2035 on the back of accelerated AI adoption. Smart medi tech breakthroughs in the AED 39.3 Bn diabetes monitoring market, will transform life for 1.2 Mn people in the UAE. Innovations include insulin delivery systems, glucometers and other areas specifically targeted to address the many complications that arise from the disease.

Telehealth Services: Telehealth services are being promoted all over the globe for their quick response & ability to help the patients in times of emergency. Digital health solutions around telehealth covering remote consultations were introduced in UAE in 2019, where select private healthcare operators across the country started offering telehealth services to patients. Telehealth will help the patients in emergencies though medications for diabetes treatment such as insulin are taken by many with the help of health care providers. Not only this, individuals who reside away from hospitals & clinics can be assured of timely checkup via telehealth services which can curtail unpredictability to a large extent.

Rising Cost of Treatments: Diabetes treatment is unaffordable for non- residents in UAE due to income inequality in the economy in the remote or rural regions such as Al Khari, Labsah, Masafi and more. This creates an environment of uncertainty & anxiousness for individuals who are not well off. Not only this, there is minimal diabetes care services access for many people in the country, due to poor concentration of clinics in sub-urban and rural areas in comparison to urban provinces. This can be solved by setting up clinics and services in rural areas especially with the help of Government & increasing the concentration of private clinics in rural areas owing to low cost of operation.

Decision Making parameters: Convenience plays a greater role in deciding a clinic or hospital. A patient will be far more likely to visit a clinic that is in a convenient location as compared to the one far away from his/her existing location. Lower neighborhood level access can result in health care decisions that might reduce continuity of diabetes care. Primary care treatment clinics will be preferred by customers as they provide greater consumer proximity. When it comes to insurance services, Abu Dhabi and Dubai Government provides full medical coverage for all UAE nationals which is a major factor influencing the hospital visits. Insurance premium ranges around AED 5,500 a year and expats who have health cards from the Government can avail concessions in treatment and opt for health care services. This helps to increase the level of trust an individual has in the healthcare services thereby reducing uncertainty faced by them.

Analysts at Ken Research in their latest publication “UAE Diabetes Care Service Market Outlook to 2027F - Driven by Rising Diabetes Cases and Increasing Privatization in the Healthcare sector” by Ken Research observed that UAE Diabetes Care Services market is in the growing phase, growing at CAGR of 5.9% between FY’17-FY’22P owning to the favorable government Initiatives, increase in diabetes patient and rising technological advancement. It is expected that UAE Diabetes Care Services market will continue to grow, at a CAGR of 6.1% for the FY’22P- FY’27F forecasted period.

Key Segments Covered

UAE Diabetes Care Services Market:

By Types of Services, FY’2022P & FY’2027F:

Injectables

Oral Drugs

Combination

Lifestyle Changes

By Type of Requirement, FY’2022P & FY’2027F:

Tertiary Care

Secondary Care

Primary Care

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjQz

By Revenue Division, FY’2022P & FY’2027F:

Domestic

International

By End-User, FY’2022p & FY’2027F:

Diabetes Clinics

Hospitals

By Diabetes Clinics, FY’2022P & FY’2027F:

Organized

Unorganized

Key Target Audience

Hospitals

Diabetic Care Service Provider

Diabetic Care Equipment Distributer

Diabetic Care Equipment Manufacturer

Clinics

Market Research and Consulting Firms

Healthcare Companies

Pharmaceutical Companies

Tourism Agencies

Government Bodies & Regulating Authorities

New Entrants

Time Period Captured in the Report:

Historical Period: FY’17- FY’22P

Base Year: FY’22P

Forecast Period: FY’22P – FY’27F

Companies Covered:

Imperial College London Diabetes Centre

Glucare Health

Mediclinic Middle East

Cleveland Clinic

NMC Healthcare

Key Topics Covered in the Report:

Executive Summary of UAE Diabetes Care Services Market

Market Size of UAE Diabetes Care Services Market

Market Segmentation of UAE Diabetes Care Services Market

SWOT Analysis of UAE Diabetes Care Services Market

Trends and Developments in UAE Diabetes Care Services Market

Factors considered by Hospitals and clinics for Treatment

Regulatory Bodies of UAE Diabetes Care Services Market

Overview of Emirates Diabetes Endocrine Society

Challenges and restrains in UAE Diabetes Care Services Market

End User Analysis of UAE Diabetes Care Services Market

Competitive Analysis of UAE Diabetes Care Services Market (Inception, USP, Insurance Partner, No of Clinics, Clinics by region, est. revenue, no of doctors, no of employees, no of walk-in per day per clinic, major treatment offered)

Future Outlook of UAE Diabetes Care Services Market

Covid Analysis of UAE Diabetes Care Services Market

Analyst Recommendations

For more information on the research report, refer to below link:

UAE Diabetes Care Services Market Outlook to 2027F: Ken Research

Related Reports:

Global Diabetes Care Device Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

Global Type 2 Diabetes Therapeutics Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

Global Diabetes Insulin Delivery Pens Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

Global Type 1 Diabetes Drugs Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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compareinsuranceinuae · 1 year

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How to Get Competitive Insurance Quotes Online?

When it comes to insurance quotes, you have many options. Some websites give you a comparison table between two or more insurances. Instead, other websites list the cheapest insurance quotes. In fact, some sites give you a detailed comparison in just 2 mins! But is this information authenticated? Can you depend upon these third-party websites? Here are our steps to get an insurance quote online that is authentic and competitive.

What should you look for when comparing Insurance Quotes Online?

Able to provide the exact information that you are looking for

Most websites provide a general comparison. It cannot help you find the best insurance coverage that best matches your requirements.

Unbalanced comparison of the insurance coverage features

An important aspect of insurance is the coverage and benefits. The level of insurance coverage varies from one to another. A basic cover cannot get compared to a comprehensive cover.

The cheapest Insurance policy lists may not be legit always

The third-party websites provide you with cheaper insurance lists. But they may have collaborated with a few brokers in the market. And the presented data may intend to boost sales of those specific brokers.

Service regions aren’t mentioned clearly

You may look to buy insurance online in Dubai. But some insurance providers cover only Abu Dhabi. While some cover only Sharjah. The comparison sites may not have these service location specifications.

How the comparison outcome details are listed on the quote.

The comparison details are different for the policies you are looking for.

For example, the comparison between car insurance and travel insurance. Car or vehicle insurance is different from travel or trip insurance. And health insurance is different from general life insurance.

Getting the Best Insurance Quotes Online in UAE

The authentic way to get insurance quotes online is via insurance broker websites. The quote obtained from respective broker websites is original and reliable.

Write down your insurance requirement

Make a checklist of your requirements based on your needs.

Choose the right insurance policy

Pick from the different insurance types

General Health Insurance

Car Insurance

Vehicle Insurance

Travel Insurance

Home Insurance

Life Insurance

Pet Insurance

A quick guide to compare these insurance policies online >>>

Browse for reputed insurance brokers in UAE

Identify three to four best insurance brokers online.

Get references from your circle

Your relatives or friends must have already bought insurance. Get their feedback and choices.

Shortlist the insurance policy brokers

You may have more choices from what you’ve browsed and what you got from friends as references. Shortlist those with positive feedback and vast benefits.

It is better to have three or fewer shortlists.

Skim through each of their websites

Going through each of their websites enables you to understand their experience. Also, what do they cover and what not?

Get quotes from each of the websites

Fill in your details to get a quote from each of these shortlists. Get an insurance quote online from the leading insurance broker in the UAE!

Now compare the insurance quote you’ve received

Take a print of the quote you’ve received from the shortlisted insurance brokers.

And do a detailed comparison based on factors like:

Premium

Cover

Features

Benefits

Add-ons

Extras, etc.

How to value the insurance premium against the benefits >>>

Optional step

Make a call to the insurance advisor. Then discuss all your specifications on the insurance policy.

This is how you can get the best and most competitive insurance quotes online. Though this may look tiring or time-consuming, this is worth your life.

Once you’ve completed the above steps, you can get an idea of who is a trusted insurance broker in the UAE. And who outweighs the others based on the cost and benefits.

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mydnsdubai · 3 years

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Get the Best Security Solution With the Best CCTV Solution

With crime rates increasing and the growing anxiety surrounding someone breaching the sanctity of your home or workspace, many people are switching to installing CCTVs. If you are looking for proper CCTV installation in Dubai, do not feel like getting paranoid. It is an intelligent thing to consider creating a safer environment for yourself and your family proactively. Even if you are looking for a CCTV solution for your workspace, you make a good decision. There are plenty of advantages of increasing security measures through modern tech. Gone are the days where you can just put your face in security guards as the ones who commit crimes are finding more sophisticated ways to steal and commit theft. Give yourself the best security solution through CCTV installation in Abu Dhabi and sleep peacefully at night without worrying. Tremendous advantages of getting a CCTV setup for your space There are many pros of getting a CCTV setup done, and here are some of the most significant advantages that you will witness in your life as soon as you have the security solution running. • Prevent crime from taking place If you look at crime reports, you would see that most thefts take place in areas or houses where there is no CCTV setup. This is because the unscrupulous elements targeting your workplace or home will consider your space a more high-risk one. We all know the proverb 'prevention is better than cure; therefore, installing a CCTV setup for your space would be the perfect solution as a deterrent against crime. • Great for insurance purposes Many insurance companies provide special premiums to clients who have installed a CCTV set up in their homes or workplace. This way, any dispute can be handled pretty quickly, so insurance companies try to incentivize this policy. • Property value increases CCTV set up can also increase the property value of the space you live in; this is especially great for people trying to rent out their house or sell it. Security is one of the most important things that people look for in a home, and with a fantastic CCTV security setup, you can vouch for that in your space. • Get real-time surveillance The real-time surveillance that you will get with a CCTV camera setup will be the best security solution that you will come across. In our busy lifestyle where no people live in our homes, real-time surveillance will allow you to check if everything is perfect in your space. It will give you much peace of mind to go on with your work without ever having to worry about any mishap taking place in your home. Conclusion By now, you can surely understand the immediate benefits that will be witnessed once you install CCTV in your home or commercial space. Give yourself the peace of mind you deserve and keep yourself safe from unscrupulous individuals trying to break in or steal your valuables. Of course, there are many companies out there providing security solutions, but none can beat the superior services of My DNS Network Solutions. This trusted company offers comprehensive security solutions, including CCTV installations at affordable prices along with top-rated services. So please put your trust in this company like thousands of people before you have already secured their space with their CCTV installation services.

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isaplife · 2 months

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Trusted Insurance Providers in Dubai and Abu Dhabi

Trusted Insurance providers in Abu Dhabi offer expert consultation services to guide individuals through the complexities of insurance policies. Whether seeking coverage for property, health, or vehicles, these providers offer invaluable advice to help clients make informed decisions. From navigating the intricacies of home insurance platforms in Dubai to understanding policy terms and coverage options, consulting with reputable insurance providers ensures tailored solutions that meet specific needs. By leveraging the expertise of trusted professionals, individuals can secure comprehensive insurance coverage that provides financial protection and peace of mind in Abu Dhabi and beyond.

#home insurance solutions in sharjah #best health insurance app dubai #home insurance platform in dubai #trusted insurance providers in abu dhabi #trusted life insurance providers in abu dhabi #home insurance #affordable insurance platform in dubai #online instant insurance app in dubai #online life insurance services in sharjah

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insurancelifedream · 4 years

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8 Disadvantages Of National Insurance Company And How You Can Workaround It | national insurance company

National Insurance Company Limited, otherwise known as NICL is a private sector general insurance company based in India. Its logo is “Trust since 1906”. NICL has been providing premium benefits to its members for more than 50 years.

Many insurance companies offer services similar to NICL. However, few of them can even come close to providing the benefits and financial benefits that they provide to their customers. These benefits include medical benefits, disability benefits, life insurance, pension, life cover and many other benefits. All these benefits are provided with an appropriate and affordable premium for the customers, which is affordable to the general public, unlike many other insurance companies.

In addition to providing health insurance policies, NICL provides life insurance policies. Life insurance plans are designed to provide for future needs of the beneficiaries. They also provide coverage for the cost of healthcare of the insured. This is provided on an annual or at maturity basis.

Life insurance covers for the costs associated with the healthcare and burial expenses, for the period from the time of death of the insured till the time when the beneficiaries receive the payment. NICL has been offering premium benefits for their life insurance policies for more than fifty years and has always been successful in meeting its clients' needs.

Most insurance companies provide only one type of life insurance cover. They may not be able to meet your needs if you have different needs for your life policy. In addition to this, there is the possibility of multiple beneficiaries in the insurance policy. This may mean that the insurance policy may not cover your needs properly, as it may not provide the complete coverage of all of your requirements. If you have multiple dependents that require the same healthcare, then you may need to purchase an additional life insurance policy.

To ensure that the National Insurance Company meets your specific needs, you should contact the company directly. This will help you find out more about the various policies offered by the company. The benefits and premiums offered by the company will help you decide whether to go ahead with it or not.

Many insurance companies provide a comprehensive cover, which will cover both your living and medical expenses, after you pass away. If you are in need of immediate care, then this may not be the best option for you, since it may put a strain on the finances of the family members. You should choose the policy accordingly and check the premium rates of different policies that are offered by different insurance companies.

Life cover can be provided to you through a wide variety of policies. It will not be possible for the insurance company to provide you with the whole range of options for your insurance policies, but they may be able to guide you in choosing a suitable policy, based on your needs.

The National Insurance Company is dedicated to providing you with the best service and a well-rounded insurance policy that meet all your individual needs and requirements and enables you to make the best use of all the benefits offered by the life cover. You can also get a free quote for the policies offered by the company by contacting the company on their website, or by contacting a representative of the company.

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un-enfant-immature · 5 years

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Startups Weekly: SoftBank’s second act

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote about Zoom and Superhuman’s PR disasters.

Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets. If you don’t subscribe to Startups Weekly yet, you can do that here.

Anyway, onto the subject on everyone’s mind this week: SoftBank’s second Vision Fund.

Well into the evening on Thursday, SoftBank announced a target of $108 billion for the Vision Fund 2. Yes, you read that correctly, $108 billion. SoftBank indeed plans to raise even more capital for its sophomore vehicle than it did for the record-breaking debut vision fund of $98 billion, which was majority-backed by the government funds of Saudi Arabia and Abu Dhabi, as well as Apple, Foxconn and several other limited partners.

Its upcoming fund, to which SoftBank itself has committed $38 billion, has attracted investment from the National Investment Corporation of National Bank of Kazakhstan, Apple, Foxconn, Goldman Sachs, Microsoft and more. Microsoft, a new LP for SoftBank, reportedly hopped on board with the Japanese telecom giant as part of a grand scheme to convince the massive fund’s portfolio companies to transition to Microsoft Azure, the company’s cloud platform that competes with Amazon Web Services . Here’s more on that and some analysis from TechCrunch editor Jonathan Shieber.

News of the second Vision Fund comes as somewhat of a surprise. We’d heard SoftBank was having some trouble landing commitments for the effort. Why? Well, because SoftBank’s investments have included a wide-range of upstarts, including some uncertain bets. Brandless, a company into which SoftBank injected a lot of money, has struggled in recent months, for example. Wag is said to be going downhill fast. And WeWork, backed with billions from SoftBank, still has a lot to prove.

Here’s everything else we know about The Vision Fund 2:

It’s focused on the “AI revolution through investment in market-leading, tech-enabled growth companies.”

The full list of investors also includes seven Japanese financial institutions: Mizuho Bank, Sumitomo Mitsui Banking Corporation, MUFG Bank, The Dai-ichi Life Insurance Company, Sumitomo Mitsui Trust Bank, SMBC Nikko Securities and Daiwa Securities Group. Also, international banking services provider Standard Chartered Bank, as well as “major participants from Taiwan.”

The $108 billion figure is based on memoranda of understandings (MOUs), or agreements for future investment from the aforementioned entities. That means SoftBank hasn’t yet collected all this capital, aside from the $38 billion it plans to invest itself in the new Vision Fund.

Saudi and Abu Dhabi sovereign wealth funds are not listed as investors in the new fund.

SoftBank is expected to begin deploying capital fund from Fund 2 immediately, and a first close is expected in two months, per The Financial Times.

We’ll keep you updated on the Vision Fund 2’s investments, fundraising efforts and more as we learn about them.

On to other news…

IPO Corner

WeWork is planning a September listing

The company made headlines again this week after word slipped it was accelerating its IPO plans and targeting a September listing. We don’t know much about its IPO plans yet as we are still waiting on the co-working business to unveil its S-1 filing. Whether WeWork can match or exceed its current private market valuation of $47 billion is unlikely. I expect it will pull an Uber and struggle, for quite some time, to earn a market cap larger than what VCs imagined it was worth months earlier.

Robinhood had a wild week

The consumer financial app made headlines twice this week. The first time because it raised a whopping $323 million at a $7.6 billion valuation. That is a whole lot of money for a business that just raised a similarly sized monster round one year ago. In fact, it left us wondering, why the hell is Robinhood worth $7.6 billion? Then, in a major security faux pas, the company revealed it has been storing user passwords in plaintext. So, go change your Robinhood password and don’t trust any business to value your security. Sigh.

Another day, another huge fintech round

While we’re on the subject on fintech, TechCrunch editor Danny Crichton noted this week the rise of mega-rounds in the fintech space. This week, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised another $170 million on top of its $300 million round earlier this year. Brex raised another $100 million last month on top of its $125 million Series C from late last year. Meanwhile, companies like payments platform Stripe, savings and investment platform Raisin, traveler lender Uplift, mortgage backers Blend and Better and savings depositor Acorns have also raised massive new rounds this year. Naturally, VC investment in fintech is poised to reach record levels this year, according to PitchBook.

Uber’s changing board

Arianna Huffington, the CEO of Thrive Global, stepped down from Uber’s board of directors this week, a team she had been apart of since 2016. She addressed the news in a tweet, explaining that there were no disagreements between her and the company, rather, she was busy and had other things to focus on. Fair. Benchmark’s Matt Cohler also stepped down from the board this week, which leads us to believe the ride-hailing giant’s advisors are in a period of transition. If you remember, Uber’s first employee and longtime board member Ryan Graves stepped down from the board in May, just after the company’s IPO.

Today I told my fellow @Uber board members that given @Thrive's growth, I will no longer be able to give my board duties the attention they deserve, so I will be stepping down. I look forward to watching Uber go from strength to strength! Here is the email I sent to the board: pic.twitter.com/sck0CPLwAV

— Arianna Huffington (@ariannahuff) July 24, 2019

Startup Capital

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legit-scam-review · 6 years

Text

From Public to Private Sector

In some countries around the world, governments have had a stifling effect on the adoption of blockchain technology. Conversely, the government of the UAE and Dubai have been the driving force behind the promotion of blockchain use in the country.

2018 has seen some significant developments on this front but the foundations had been laid a couple of years ago.

Across the private and public sectors, there has been a push to incorporate this new tech to overhaul current systems. This includes as plans to launch a cryptocurrency that will be used by citizens and governmental departments.

EmCash

The first proposal for an official Dubai cryptocurrency called emCash came about in October 2017. The cryptocurrency is touted to be used for payments for governmental and nongovernmental services – and is pegged to the UAE Dirham.

Consumers could well be using emCash in the next few months after the government signed a deal with a number of parties to setup point of sale payments for the cryptocurrency.

The partnership was announced on October 9, which includes emCredit, a subsidiary of the Dubai Department of Economic Development, blockchain payment provider Pundi X and its partner Ebooc Fintech & Loyalty Labs LLC.

Ebooc will be responsible for providing point of sale terminals in retail outlets, while Pundi X is expected to create 100,000 point of sale units over the next three years.

Regulations – ICOs lead to cautious approach

The Central Bank of the UAE began working on legislation at the beginning of 2017 to address the use of cryptocurrencies in the country.

This culminated in a report by Abu Dhabi’s Financial Services Regulatory Authority in October 2017, which released its findings on initial coin offerings (ICOs) and cryptocurrencies – classing them as securities and commodities respectively.

A swathe of apathy towards ICOs, with bans in countries like China, happened around the same time last year. This had a slight ripple effect, as other institutions and regulatory bodies put out warnings to investors centred on the associated risks of investing in ICOs. This saw UAE Central Bank Governor Mubarak Rashid al-Mansouri caution citizens against the use of cryptocurrencies – amid fears of volatility and criminal uses.

This was primarily due to the corresponding drop in value of various cryptocurrencies following China’s ban, as Al-Mansouri said in a speech at the Islamic Financial Services Board Summit:

“The risks of trading in digital currencies have clearly appeared when the prices of digital currency fell sharply after some countries announced a ban on using initial coin offerings.”

The negative stigma around ICOs seemed to continue into the new year, amid an overall decline in the crypto markets following all time highs in December. In the US, the Securities and Exchange Commission (SEC) led the way with no-nonsense attitude towards ICOs in February 2018.

The UAE Securities and Commodities Authority (SCA) also cautioned local investors about the inherent risks associated with ICOs. Given that they are not regulated in the country, investors had no means of legal protection against fraud.

In an effort to address these concerns, it is understood that the UAE in nearing the completion of a draft of regulations for ICOs in the country. This was reported in September 2018, and is led by the UAE SCA.

Dubai – A Smart blockchain city

In 2016, the foundations were laid for Dubai to uncover startup companies that could help drive the way for the city to become blockchain-powered by 2020.

The UAE government founded the Smart Dubai initiative in 2013, an ambitious project looking to provide cutting edge technological innovations across the country, from technology to governmental processes.

A central part of the initiative is to improve government efficiency by using blockchain technology, in the hopes of making Dubai a global leader in the space. This includes a transition to digital systems which will see visa applications, bill payments, and license renewals move away from traditional paper documentation.

According to Smart Dubai, blockchain technology could redistribute up to 25 million hours of economic productivity by removing the need for paper document processing. The project also promised to benefit the tourism industry in Dubai as international travellers will have fast-tracked entry with pre-approved passport, visas, and security clearances.

Moving around the city will also be improved with approved drivers licenses and car rental, wireless connectivity as well as pre-authenticated temporary digital wallets.

An official Blockchain Strategy was launched in October 2016, in association with Seed Fund 1776, looking for companies building blockchain-based applications across a broad range of industries. In 2017 Dubai won the City Project award for its blockchain strategy, awarded by the Smart City Expo and World Congress in Barcelona.

In conjunction with the Smart Dubai initiative, in April 2018 UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid eventually launched the broader UAE Blockchain Strategy 2021. At the time Sheikh Mohammed said that the project could save the UAE government up to $3 billion annually on document circulation, and drastically improve the quality of life and efficiency:

“The adoption of this technology will reflect on the quality of life in the UAE and will enhance happiness levels for citizens. 50 percent of government transactions on the federal level will be conducted using Blockchain technology by 2021. This technology will save time, effort, and resources and enable individuals to conduct most of their transactions in a timely manner that suits their lifestyle and work.”

Cointelegraph spoke with Muhammed Arafath, executive director at Apla Blockchain, platform helping integrate blockchain technology into government operations in a number of countries including India and the UAE, to get a first hand perspective on the current crypto climate in Dubai:

“Considering the vision which the Dubai government has set on being the ‘blockchain capital’ and the commitment for having most if not all of the government applications on Blockchain by 2020, Dubai is one of the most pro-blockchain governments in the region.”

Over the past two months, the UAE and Dubai have made significant progress in realizing some of the goals outlined in the Smart Dubai initiative.

Partnering with the Dubai Department of Finance, a blockchain-powered payment system was officially launched in September 2018. The Payment Reconciliation and Settlement (PRS) system aims to allow government entities like the Dubai Police, Roads and Transport Authority, and Dubai Health Authority to transact in real-time, providing a transparent system for intergovernmental processes..

According to local media outlet Zawya, the Dubai Electricity and Water Authority and the Knowledge and Human Development Authority have already been using the PRS system.

The tourism sector in Dubai is also expected to benefit from blockchain technology. In March 2018, plans for a virtual business-to-business tourism-specific marketplace using blockchain were unveiled. The Dubai Tourism Blockchain Marketplace will reportedly provide tourists with a platform that features real-time, transparent pricing of Dubai’s hotels availability.

From roads to the judicial system

Blockchain technology is also being leveraged to improve other areas of life in Dubai, from the streets of the city to its courts.

Thus, in February 2018 the Dubai Roads and Transport Authority (RTA) announced plans to launch a blockchain-based system in 2020 that would track the lifecycle of vehicles in the country.

According to media outlet Arabian Business, RTA chairman and executive director Mattar Al Tayer says the initiative should benefit almost every single player in the industry:

“The platform benefits many stakeholders including car manufacturers, dealers, regulators, insurance companies, buyers, sellers and even garages, providing transparency and trust in vehicle transactions, preventing disputes and lowering the cost of services. It tracks ownership, sale, and accident history to create smart, more efficient systems for supply chains.”

In July, Dubai International Financial Center Courts announced a formal partnership with Smart Dubai in order to set up a ‘Court of the Blockchain’ to facilitate improvements in the judicial system. The move would eventually create a blockchain-powered judiciary to help verify court judgements for cross-border enforcement.

Ambitious programs to lead the way

Countries like Malta and the UAE seem to be leading the way in terms of blockchain adoption. Having recognized the many benefits of the technology, strides have been made to actively get out ahead of other countries.

A seemingly important factor is the balance between accepting this new technology while providing the necessary frameworks to ensure investors are protected.

The UAE Blockchain Strategy 2021 is a clear indication of the efforts being made by the country to foster the development of blockchain to improve its own governance and the quality of life for people in the region.

This positive and proactive attitude towards the industry is proving a point, as Arafath told Cointelegraph:

“Dubai is clearly leading the region by example on the adoption of blockchain and crypto.”

As Dubai and the UAE continue to explore and develop technology with the use of blockchain technology, as well as provide a guideline for the use of ICOs and cryptocurrencies, the outlook in the region seems positive.

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cryptnus-blog · 6 years

Text

From Public to Private Sector

New Post has been published on https://cryptnus.com/2018/10/from-public-to-private-sector/

From Public to Private Sector

2018 has seen some significant developments on this front but the foundations had been laid a couple of years ago.

EmCash

Consumers could well be using emCash in the next few months after the government signed a deal with a number of parties to setup point of sale payments for the cryptocurrency.

Ebooc will be responsible for providing point of sale terminals in retail outlets, while Pundi X is expected to create 100,000 point of sale units over the next three years.

Regulations – ICOs lead to cautious approach

The Central Bank of the UAE began working on legislation at the beginning of 2017 to address the use of cryptocurrencies in the country.

This was primarily due to the corresponding drop in value of various cryptocurrencies following China’s ban, as Al-Mansouri said in a speech at the Islamic Financial Services Board Summit:

“The risks of trading in digital currencies have clearly appeared when the prices of digital currency fell sharply after some countries announced a ban on using initial coin offerings.”

Dubai – A Smart blockchain city

In 2016, the foundations were laid for Dubai to uncover startup companies that could help drive the way for the city to become blockchain-powered by 2020.

Moving around the city will also be improved with approved drivers licenses and car rental, wireless connectivity as well as pre-authenticated temporary digital wallets.

Over the past two months, the UAE and Dubai have made significant progress in realizing some of the goals outlined in the Smart Dubai initiative.

According to local media outlet Zawya, the Dubai Electricity and Water Authority and the Knowledge and Human Development Authority have already been using the PRS system.

From roads to the judicial system

Blockchain technology is also being leveraged to improve other areas of life in Dubai, from the streets of the city to its courts.

Thus, in February 2018 the Dubai Roads and Transport Authority (RTA) announced plans to launch a blockchain-based system in 2020 that would track the lifecycle of vehicles in the country.

According to media outlet Arabian Business, RTA chairman and executive director Mattar Al Tayer says the initiative should benefit almost every single player in the industry:

Ambitious programs to lead the way

A seemingly important factor is the balance between accepting this new technology while providing the necessary frameworks to ensure investors are protected.

This positive and proactive attitude towards the industry is proving a point, as Arafath told Cointelegraph:

“Dubai is clearly leading the region by example on the adoption of blockchain and crypto.”

0 notes

zenruption · 6 years

Text

Sponsoring Parents in Dubai: Visa Specialists Share Tips for Expats

By Bevan Berning

There are millions of expats in the UAE today. Most of them are based in Abu Dhabi and Dubai. Although the majority of the expats here are employed, some of them have managed to bring their families, even their parents, to start a new life in this country.

Reuniting With Your Family

A more permanent solution for Dubai expats who want to be reunited with their parents or, at the very least, to spend a longer period of time with them (and not just for a few weeks) is to sponsor them to get a legal entry visa.

Recently, the UAE government rolled out new regulations that aim to make it easy for expatriates to sponsor a resident visa for their parents, making the option of reuniting with family more realistic for many.

Bevan Berning, director of visa consultancy and immigration firm Pathway Visas, recently offered tips for expats thinking of having their parents join them in the UAE. Pathway Visas is one of the most trusted immigration services company in the GCC, and while it focuses on visa services from Dubai to other countries such as Canada and Australia, Berning draws from his immigration expertise and experience to provide the following recommendations.

Select the best type of entry visa for your parents.

Expats can get their parents to enter the UAE via a visit visa or residence visa. For a more streamlined process and to avoid costly mistakes and delays, it’s recommended that petitioners get help from trusted visa agencies in Dubai.

Parents of expats can apply for a visit visa which will allow them to stay in the country short-term (30 days) or long-term (up to 90 days). In general, this is an easier, faster, and less expensive route for them to take. The required salary for the sponsors is only DH 3,000 plus accommodation, or DH 4,000 and above if this is not included in the package. The visa fees are more affordable as well. Single entry visas valid for 30 days cost DH 330. A long-term (90 days), single entry tourist visa costs DH 800. Multiple entry tourist visas cost more. The only drawback to this type of visa is that it is non-extendable.

“If you want your parents to stay with you in Dubai permanently, you will have to sponsor them to get a residence visa; the rules and process, though, are stricter for this type of visa,” Berning said.

For parents to qualify for a residence visa, sponsors need to have a valid resident visa and have a monthly minimum income of Dh20,000 or Dh19,000 plus a two-bedroom accommodation. Also, both parents have to apply for and go to the UAE. Once they are in Dubai, they will need to apply for their residence visa which is valid for one year and renewable.

Berning added, “Your decision about which visa would be best for your parents will depend greatly on your monthly salary. If it is below the required minimum, you will have to look into sponsoring your parents for a visit or tourist visa.”

Prepare all required documents.

Once a decision has been made regarding the type of visa that best suits the sponsor’s status, the next stage would be preparing all the documents and other requirements that have to be submitted to support the parent’s application.

Sponsors can seek a reputable online immigration consultant to make sure all documents for visit and residence visa will be completed and filed correctly and on time. These may include the appropriate application forms, valid passports for sponsors and applicants, proof of relationship, copy of employment contract or certificate (stating the sponsor’s salary) issued by the sponsor’s employer, and proof of ready accommodation for the applicants (such as a tenancy agreement) are the usual required documents.

There are also visa-specific requirements such as a round-trip ticket for tourist visa applicants and proof that your parents are dependent on you if they are applying for a residence visa.

Berning advised: “Keep in mind that parents will need to apply for an entry visa first to legally enter the UAE if they are applying for a residence visa. Once they’re in, you and your parents will undergo another process of applying for the residence visa. You will have to do this within 60 days of your parents’ entry.”

Berning detailed the following steps as Pathway Visa’s quick guide for expats who want to apply for residence visas for their parents:

1. Collect all requirements. These include proof of employment, salary, and relationship, tenancy agreement, parent’s passports, and medical cards.

2. Submit all the documents and application form at the General Directorate of Residency and Foreigners Affairs Dubai for visa processing and issuance.

3. Pay the refundable deposit, visa typing, and courier fees.

4. The passports with visas will be couriered to the applicant.

5. Upon receipt of the passport, sponsors will need to get medical insurance for their parents, with coverage of at least DH 600 annually.

When in doubt, get experts to help you.

“Whether you want your parents to stay temporarily or permanently in Dubai with you, the whole immigration process can be difficult, complicated, tiring, and time-consuming,” said Berning.

“Our years of experience at Pathway Visas show that collating all the requirements and correctly and completely answering all the forms is essential for the successful approval of your parent’s visa application.

One missing document or an incorrect answer on the application form can lead to a refusal – a waste of all your time, money, and effort. You will have to go through the whole process and pay the same set of fees as well until they get their approved visas,” he said.

Trusted visa consultancy and immigration firms can assist expats and their parents with the whole application process from start to finish. With their help, the chances of making costly mistakes and guesswork will be minimized.

Author Bio:

Bevan Berning is an Immigration professional and owner of Pathway Visas, an Immigration Agency dealing mostly with skilled immigration to Canada and Australia. Bevan’s enthusiasm for the industry has kept him in the Immigration field for the past seven years. Bevan is South African by birth and has been residing in Dubai for the past eight years.

#UAE #Dubai

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martinfzimmerman · 7 years

Text

A man on a financial mission against predatory investment schemes

Trying to be a sensible expat, Matthew Miller set up two long-term savings accounts in lieu of a pension soon after arriving in the UAE. By the time he pulled out of the plans three years ago, he had lost US$45,000 in locked-in fees and commissions.

Mr Miller, a 33-year-old Canadian teacher in Abu Dhabi, has been living here nine years. He bought a 25-year plan in 2009, paying in $2,000 a month, then set up an additional $2,000 a month 10-year plan three years later.

In 2014, having paid in a total of around $140,000, he felt "sick to his stomach" when he realised his savings were not growing. Crunching the numbers, he realised fees were wiping out profits and decided to shut down the plans early.

Mr Miller was spurred on to change his savings ethos by the book Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, written by Andrew Hallam.

A fellow Canadian, author Hallam - who has also written The Global Expatriate's Guide to Investing - is a teacher himself, and worked in Singapore for 11 years. He turned his frugal ways and prudent savings into $1 million before he turned 40 and is now on a crusade to help other expats.

Hallam, 46, left Singapore and his job in 2014 and is now in his third year of travelling with his American wife Pele. While he may return to teaching one day, he says, he no longer needs to work: he can live off his investment portfolio. Yet he has spent this year on an unpaid tour of the Middle East, South East Asia and parts of Africa, giving seminars on investment and how not to get caught out by fixed-term investment plans with inbuilt commissions and high fees like Mr Miller. Since January he has delivered 82 talks in 11 countries in his bid to "stop the spread of financial malaria".

Coming from a modest family upbringing, his father a mechanic and one of four children, Hallam was buying his own clothes by the age of 15 and, at 16, bought himself a car with the proceeds of a part-time supermarket job. He started saving $100 a month from the age of 19, which had turned into a million-dollar pension in his late thirties.

Hallam says he believes the long-term savings and investment plans sold in the UAE are "the most expensive financial products available anywhere in the world" and he hopes that his tour of the region could cumulatively save people in the UAE, Egypt, Kuwait, Jordan and further afield tens of millions of dollars.

"We don't learn financial literacy in school, so people are afraid," he says. "I present financial education. I don't want you to believe what I'm saying: I want you to question it. It's important for everyone to do their own maths.

"Going with compensation-based schemes is not good. There is a far greater conflict of interest because people get you into schemes that just pay them more money. Payment-based financial advice follows more of a fiduciary principle and is a partnership over time - there is no windfall. Commission-based, particularly in the Middle East, can become exploitation."

The UAE Insurance Authority (IA) has received numerous complaints from residents locked into these fixed-term savings products, typically provided by some of the world's largest insurance companies, that see gains eaten away by hefty upfront commissions paid out to local financial advisers by the insurers themselves and recouped from the saver - and which also charge savers the full fees of the plan, even if they exit early, to cover those initial commissions.

As a result the IA is now pushing ahead with tough new regulations to transform the way savings, investment and life insurance policies are sold. Its second draft proposal for the overhaul was issued in April, which included plans to impose limits on the indemnity commission - the upfront commission - advisers can earn and a ban on advisers recouping fees from the products they sell. Life insurance companies were given until May 11 to respond with the new regulations expected to be issued imminently.

Such regulations would prevent people like Mr Miller from losing out. When he exited his two savings plans, the process cost him dearly in surrender charges - some $21,000 of the $100,000-plus value of the first plan and a whopping $24,000 of the second plan that was worth $32,000. It was a "costly lesson", he says.

"Doing the maths, if I was earning 8 per cent but paying four per cent in fees, I was only getting four per cent. Over 25 years, that was hundreds of thousands of dollars. It still seemed better to surrender than lose $400,000 or $500,000 down the road."

Hallam agrees that "education is the enemy of exploitation".

With a wide smile, Hallam is a natural orator thanks to his background as a teacher. In one of two open talks he delivered in Abu Dhabi earlier this year, at Cranleigh School on Saadiyat Island, he leapt around the stage, firing off questions to the audience constantly and keeping them totally engrossed, drawing tuts and gasps at some of the numbers he demonstrated.

Often, he says, the targets are the schools, with a large "victim base" of 200-400 teachers which financial advisers "infiltrate". As "one of them" himself, he says teachers tend to trust him.

Another teacher caught in the net was Kate, a 34-year-old who did not want to reveal her full name. She left the UK for Abu Dhabi in 2012 and is moving away this summer. Five years ago, she and her husband signed up for a 25-year plan, paying in $2,000 a month.

They surrendered it 18 months ago after reading Hallam's book. Of their $47,000 pot, they got back just $10,000. "I'm very aware we've been burnt pretty badly," Kate admits.

"I was cynical - I didn't think we'd be expats for the 25 years of the plan - but the adviser managed to convince us we needed to save. He was very persuasive. While it was horrendous to walk away, the compound interest over time [on the amount we took out] is far better than the loss we suffered."

Lasse Lamminheimo, a 39-year-old Abu Dhabi-based Finnish helicopter engineer, has been in the UAE almost six years. For the last two years he has had one 15-year plan and a second 13-year plan, paying in $2,460 and $550 a month, respectively, but, after listening to Hallam talk, he says he will not be keeping them for much longer.

"It's not called a pension plan but it was my plan to retire after 15 years with the money it was making," Mr Lamminheimo says. But his $66,000 of savings has turned into an under-performing $64,000, with a surrender value of just $4,000 after taking into account the fees for the full term of the plan that must be paid regardless, while his other pot has made just $60, he says. "It makes you feel fairly deflated," he admits.

Hallam advises Middle East investors to steer clear of long-term pension schemes offered by at least seven firms, which he says all have fees of at least 4 per cent a year on average (when all platform costs and mutual fund expense ratio fees are considered).

These "devastating" fees are the "reality you face, investing in offshore pensions," says Mr Hallam. So how do you keep a check on such fees?

Firstly, look out for establishment charges, which could be in the realm of 1.6 per cent a year. These might be taken in the first two to five years - and that's either starting a policy or even just increasing the premiums.

Then there are annual administration charges, he says, of around 1.2 per cent per year of the gross value of each investment-linked fund. There are also underlying annual charges of potentially up to 3.5 per cent of the underlying fund value each year.

So in total you might easily be paying as much as 6.15 per cent in the early years, and 1.3 to 4.55 per cent thereafter.  In a 2015 report entitled Mind the Gap, US investment research firm Morningstar calculated that, after fees, an investor would have received 3 per cent less on international equity funds than the 8.77 per cent the funds had made in that time.

"Unfortunately, average investors often suffer from poor timing and end up buying and selling at the wrong times," writes author Kittikun Tanaratpattanakit. "Timing the market is too difficult. It is a losing strategy." Chasing "hot, trendy funds" has "never been a good investment idea", he adds.

So what's the alternative? Hallam suggests that investors create a diversified portfolio of low-cost index funds. An index fund is a type of mutual fund with a portfolio aiming to track a market index such as the Standard & Poor's 500, which is often used in pension plans.

"DIY investors", as he calls them, should buy exchange-traded funds (ETFs), which are funds traded on stock exchanges, much like stocks. The costs are just 0.1 to 0.15 per cent per year - and often even lower for American investors.

Kate has followed his advice, cutting out the middlemen and opening an account directly with a Luxembourg brokerage, TD Direct Investing International, to buy ETFs. As there is a fee per trade of €14.95 (Dh61), she builds up her monthly cash and buys only quarterly. The £20,000 (Dh93,106) she has invested so far in a year has already turned into £21,900.

However, Sam Instone, chief executive of AES International, which charges around 1.25 per cent per annum for investment management and financial planning, sounds a note of caution for the DIY investor, saying that "the size or cost of a mistake is not likely to become apparent for a number of years" (a comment that is equally true for fixed-term savings plans).

Professional advice is critical - but by a fee-based chartered planning firm, someone "who isn't incentivised or paid by the industry," he says. "Not an individual you play golf with who comes to your home, who works on commissions or referrals or who you consider to be a 'friend'," he stresses.

Mark Zoril is the founder of US-based PlanVision, a five-year-old financial advisory that Hallam recommends. Mr Zoril charges just $96 a year on retainer to set up a financial plan and help an investor set up their own low-cost funds.

He says other advisers "laughed" at his price point but he does not believe commissions are "appropriate" and that his service is "time-based", not related to whether the funds "go up or down".

But, says former fixed-term savings investor Mr Miller ruefully: "It's hard to know who to trust once you've been taken to the cleaners."

[email protected]

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expatwealthcare-blog · 7 years

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Investment Plans UAE Expats Savings Alternatives - Invest in Imperial Avenue‎

At the Investment Plans UAE, Dubai and Abu Dhabi, business visionary Stefan Terry was hoping to contribute his reserve Mutual funds two or three years back, he immediately understood the pitfalls confronting numerous expats. The expenses on most Financial Investment Plans Dubai are ludicrously high and long haul reserve funds arrangements are frequently sold without unveiling key points of interest, for example, what is being put resources into or the punishments for breaking an agreement early. Typically we help individuals and families with retirement planning, education fee planning, life cover, critical illness cover and medical cover and we partner with companies such as Zurich International Life, Standard Life, Royal Skandia, Friends Provident International, Generali International and Royal London 360.

To finish it off, there's little Investment Plan Abu Dhabi of action to right wrongs when question with the merchants of these items, (for example, complex protection connected seaward ventures) emerge on the grounds that the direction in the UAE is as yet early. This permits numerous dodgy purveyors of money related items to bilk the clueless. Mr Stefan Terry, 38, The International Financial Planning Award (FSA Approved) – The Chartered Insurance Institute (CII) expert who now maintains his own particular wellbeing organizations in Dubai, says he was exhorted against agreeing to accept a long haul venture conspire – which regularly go from five years to 10 years – by a companion who had lost cash in the wake of breaking his own arrangement. "I almost agreed to accept a 10-year arrange however halted when my closest companion said 'Kindly don't do this, I did it and lost a lot of cash'," he says. "I didn't especially know where to contribute my cash. I had a few supports in the UK and thought 'I am in budgetary administrations and I don't know where to contribute stuff'."

So Mr Stefan invested energy examining choices, in the end moving his cash into Mutual Funds Dubai, an ease resource director, back home in the UK. US-based Mutual Funds was one of the main firms to offer minimal effort recorded shared assets – reserves that copy any given monetary resource benchmark. It has gotten money streams into its assets as of late as financial specialists begin on to the banquet of putting resources into the least expensive conceivable way. Financial specialists emptied US$236 billion into Mutual Fund subsidizes a year ago. While numerous shared assets that are effectively overseen commonly charge around 1.5 for each penny administration expenses every year, trade exchanged assets and shared assets that simply take after a record, can charge a fragment of that. For example, Investment Plans Dubai, Total World Stock trade exchanged reserve, Investment Plans UAE, a store that tracks more than 7,000 stocks comprehensively, charges 0.14 for every penny in yearly expenses.

Meanwhile, money related counsellors need to revaluate themselves and depend less on commissions and more on charges. In the US, new directions have been set up to shield shoppers from deceitful money related consultants. There are additionally indications of progress in the UAE, with various money related counsellors moving from commission-based structures to charge based, for example, AES International and Offshore. To help expats stay away from the pitfalls of contributing while abroad, Mr Stefan set up a non-benefit online discussion a month ago called Investment, which offers exhortation on what to maintain a strategic distance from with regards to picking speculations and how to avoid deceitful guides. He additionally anticipates helping gatherings of individuals, for example, instructors, deal with their accounts through addresses and classes.

One of his greatest tips is to disregard the chilly guests that numerous expats in the UAE know about. They work by getting existing customers to give them telephone quantities of companions and partners, making a feeling of trust and commonality. In any case, once they get hold of an eager prospect, they will regularly offer them a wide range of items with out of this world expenses, for example, supposed mirror subsidizes that copy a marked stock or security support yet charges that are twice as high. "It's a lawful trick," says Stefan, a Dubai-based overseeing chief at AES International. "The primary issue is that the controller to some degree has deliberately ignored and a considerable measure of market members has taken immense favorable position of that. These are a hefty portion of the Investment Plans UAE, Dubai and Abu Dhabi that we found in the UK 20 years back and were enacted bankrupt.

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mademoiselle-bukowski · 7 years

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Holborn Assets Reporting Innovation for US Expats

Expat finance group Holborn Assets takes first step in package of measures designed to cater specifically for US citizens currently resident in the Emirates region.

Dubai-based financial services provider Holborn Assets today announced a brand new function for the benefit of the approximately 50,000 American expats resident in the UAE and other Emirates.

After the FATCA legislation of 2010 opened the floodgates, it’s been a tough time for US expats in financial services. Many Americans abroad find it difficult (if not impossible) to open investment accounts with stateside providers. Failing that, the offshore providers available often only offer punitive fees and obligations. And, if that wasn’t bad enough, the filing obligations of the US expat for taxation purposes are widely-seen to be extreme in their demands.

With this in mind, it came as no surprise to Holborn Assets – as the result of research conducted on their behalf, that American expats value financial advice coming from a fellow American – who, as an expat, is personally under the same onerous obligations.

US expat and Holborn Assets Partner Vince Truong said that, "when it comes to form 1099 reporting to the IRS, we have a solution. We at Holborn Assets have built a unique system to manage the fact that, as Americans, we are taxed on our income, whether we are stateside or not. This has implications for tax filings, our savings, education plans, life insurance, investments, healthcare and retirement plans – very particular implications, special to the US expat.”

A seven-year Dubai resident himself and perhaps the only US Certified Financial Planner (CFP®) in the GCC region, the passionate Truong has lived in Dubai for over seven years as a US expat and is, perhaps in the whole scope of the GCC, the sole US Certified Financial Planner (CFP®).

Truong said that, throughout the GCC, there are many teams of advisors that a fellow American might look at – but what we offer here at Holborn Assets is a long-term view to a trusted partnerships with clients. That’s what works in the long run, based on our unique insight into what you might call “The American Expat Situation.” That’s why our services are largely fee-based. When it comes to managing assets and the modelling of personal finances, our level of ability, proven ability, is something we are very proud of.”

Truong (who worked previously with LPL Financial of the US) heads up a growing team of Steven Downey working from Abu Dhabi (Steven worked as a Securities Broker with Charles Schwab) and, latterly VP of J.P. Morgan Securities, Andrew Firman.

A source from Holborn Assets said that, “as an independently-owned global financial advisory group established in 1999 and headquartered in Dubai, we are proud to bolster our offering to US expats because we know how difficult the reporting situation is for them – as well as the problem of finding viable product support. Only a fellow American, we believe, can truly offer the familiarity required to navigate this famously-tricky area of personal finance and so, with Vince Truong, a seven-year US expat himself, at the helm of our new US venture, we are confident that our clients will be well-looked after.”

“Our company’s clients are largely expats with an eye on the bigger picture of their personal finances. The motto of Holborn Assets has traditionally been “to put the right money in the right place at the right time” to help families build a financial future of security for themselves. And that requires a holistic approach across all service offerings: pensions, mortgages, insurance, retirement planning, wills and estates planning, and investment. This venture to bring American help to American problems in the UAE is part of that simple, holistic approach.”

#Holborn Assets

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