Connect with us

Business

Macao to host exclusive wealth and investment summit in May

Published

on

Spread the love

Asia’s role in shaping global investment trends will be in the spotlight next month as senior financial leaders, family offices, and institutional investors gather in Macao for the second edition of the BEYOND Wealth Summit.

The invitation-only event will be held on May 23–24 at The Venetian Macao, alongside the wider BEYOND Expo 2025, one of the region’s noted technology and innovation gatherings. More than 300 participants are expected to attend the event, including family offices, market experts, and financial executives from across Asia and beyond.

This year, the summit adds a new dimension with the Greenwich Economic Forum (GEF) joining as a co-host alongside the Asian Family Legacy Foundation (AFLF) and BEYOND Expo. GEF is known for its global investment forums featuring high-profile names from the finance world.

The 2025 agenda seeks to cover a wide range of topics, including multigenerational wealth planning, institutional investment strategies, global market outlooks, technology-driven innovation, and philanthropy.

Over the years, some of the world’s most influential establishments have participated in GEF, including Dalio Family Office and Philanthropies, Hong Kong Monetary Authority, Abu Dhabi Investment Authority, Australian Retirement Trust, HESTA (Australia), Tamasek, TIAA, GE Pension, IBM Retirement Trust, Rockefeller Foundation, Blue Pool Capital, Cornerstone Group Family Office, Quilvest (France), Declaration Partners, Howard Family Office, and The Li Family Office.

While the full speaker lineup has not yet been announced, previous GEF events have featured renowned figures such as Ray Dalio, Founder and CIO Mentor of Bridgewater Associates; Alan Greenspan, former Chairman of US Federal Reserve; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA); Michael Spence, Nobel Laureate Economist; Nouriel Roubini, Economist and Professor at NYU Stern; Cathie Wood, Founder, CEO and CIO of ARK Invest; David Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, among others.

Expert panels, keynote speeches, and networking opportunities

The forum will cover topics such as:

• The Future of Family Wealth

• Institutional Investing & Market Outlook

• Frontier Technology and Cutting-edge Innovation

• Global Asset Allocation

• Sustainable Impact and collaborative philanthropy

• Industry Spotlights

Shining the spotlight on wealth and finance

Jason Ho, co-founder of BEYOND Expo, said the summit reflects Asia’s increasing influence in the investment world. “This platform helps spotlight the region’s growing leadership in wealth and finance, while also fostering global connections,” he said.

Dr Gang Lu, also a co-founder of BEYOND Expo, added: “Investment strategies and wealth preservation are evolving quickly. Through this summit, we aim to shape conversations that will influence the next decade of decision-making.”

Michael Zhu, Chair of AFLF, noted that the event has become an important meeting point for families and institutions navigating the complexities of legacy and investment. “We’re building on last year’s momentum with broader participation and deeper discussions,” he said.

GEF co-founder Jim Aiello said the partnership opens new pathways into Asian markets. “Bringing the forum to Macao allows us to tap into the region’s most dynamic opportunities and expand the global investment dialogue.”

Registration for investors and industry professionals

While the BEYOND Wealth Summit is limited to guests by invitation only, the BEYOND Expo, which runs from May 21–24, offers open registration for investors and industry professionals. Events include panel sessions, networking lounges, gala dinners, and a charity golf tournament designed to encourage informal engagement among participants.

To register for the BEYOND Wealth Summit 2025: View the full schedule of BEYOND Wealth Summit speakers and events, and to request an invitation, please visit: www.beyondexpo.com/wealth-summit/.

To register for the Investor Pass at BEYOND Expo 2025, GPs and investors: Secure your Investor Pass now to take advantage of the early-bird offer. Don’t miss this opportunity to connect and network with peers, LPs, and the broader tech and innovation community. Book your pass at www.beyondexpo.com/registration.

For more details or to register, visit www.beyondexpo.com.

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Business

The new rental reality: Why UAE landlords want to see your credit score

Published

on

Spread the love

The rental process in the UAE is getting a major digital upgrade, with tenant credit checks slowly becoming part of the leasing journey.

For many residents who have rented abroad, sharing a credit score may already feel familiar. But in the UAE, the concept is still new, and importantly, fully based on tenant consent.

How the new system works

The new Tenant Screening solution, launched by Etihad Credit Bureau in collaboration with UAE PASS, allows landlords to request access to a prospective tenant’s credit score.

Here’s the key detail:

  • Tenants receive a request through UAE PASS
  • They can approve or reject access themselves
  • No credit information is shared without consent

The goal is to create a more transparent and efficient rental process while keeping financial data secure.

Why landlords want it

For landlords, the system offers verified financial insights that may help assess payment reliability, especially for:

  • Luxury properties
  • High-value rentals
  • Multiple post-dated cheque agreements

The credit check is designed to complement existing requirements, such as:

  • Salary certificates
  • Emirates ID
  • Visa verification

How to check your UAE credit score

  1. Visit the official AECB platform or download the app
  2. Log in using UAE PASS or register with:
    • Emirates ID
    • Mobile number
    • Email address
  3. Verify your identity using the OTP sent to your phone
  4. Select Credit Score Report
  5. Pay:
    • Dh10.50 for the score only
    • Dh84 for the full credit report (including VAT)
  6. Receive your score instantly in PDF format

Strong credit profile benefits

While some renters may initially see it as another step, supporters say the system could actually make approvals faster and smoother.

In competitive rental markets such as Dubai and Abu Dhabi, a strong credit profile could help tenants stand out and reassure landlords during the application process.

Officials say UAE PASS plays a critical role by acting as the secure gateway for all approvals, ensuring users remain in control of their personal financial information.

The system is currently optional, but experts believe tenant screening could become increasingly common as the UAE rental market continues to modernise.

Continue Reading

Business

New UAE wage law explained: What workers and employers need to know

Published

on

Spread the love

The Ministry of Human Resources and Emiratisation has unveiled strict new rules requiring private sector companies to pay employee salaries on the first day of every month starting June 1, 2026.

The move, introduced under Ministerial Resolution No. 340 of 2026, is part of a wider push to strengthen wage protection and improve labour compliance across the UAE.

Salaries must be paid on time

Under the new regulation:

  • Salaries for the previous month must be transferred through the approved Wage Protection System (WPS) or another authorised payment platform.
  • Any payment made after the due date will officially be considered delayed.

The ministry also stated that companies must provide proof and documentation confirming salary transfers.

What happens if companies delay salaries?

Authorities outlined escalating penalties that become more severe the longer salaries remain unpaid.

From Day 2:

  • Companies enter electronic monitoring
  • Warning notices are issued

From Day 5:

  • Suspension of new work permits may begin
  • Employers are formally notified to clear the unpaid wages

From Day 11:

  • Administrative fines apply for repeat violations
  • Companies may be downgraded to the third business classification category

From Day 16:

  • Labour disputes may be automatically registered for workers
  • More permit restrictions could follow, especially for larger companies and sectors such as:
    • Construction
    • Transport
    • Cleaning
    • Security
    • Recruitment services

From Day 21:

For companies employing 50 or more workers, repeated violations could lead to:

  • Referral to public prosecutors
  • Asset seizure orders
  • Travel bans on company officials

When is a company still considered compliant?

The ministry clarified that businesses remain compliant if they transfer:

  • At least 85% of total wages are on time

Employees also won’t be classified as unpaid if missing amounts are linked to legally documented deductions.

Some sectors exempt

The decision excludes:

  • Short-term permits under three months
  • Fishing boats
  • Citizen-owned taxis
  • Banks
  • Places of worship

The UAE has long pushed for stronger worker protections, but this marks one of the toughest enforcement frameworks yet for salary delays.

Continue Reading

Business

New UAE civil law changes age of majority to 18

Published

on

Spread the love

The UAE will introduce a major update to its civil legal system from June 1, with a new law officially lowering the age of majority from 21 to 18.

The changes come under Federal Decree-Law No. 25 of 2025, which introduces updates across areas including legal capacity, contracts, guardianship and civil transactions.

Published in the Official Gazette in October 2025, the law is designed to strengthen individual legal rights while maintaining safeguards against exploitation and abuse.

What changes from June 1?

Under the new law, individuals in the UAE will gain full legal capacity at 18 years old instead of 21.

This means 18-year-olds will legally be able to:

  • Manage financial and legal affairs independently
  • Sign contracts and civil agreements
  • Open and operate bank accounts
  • Conduct commercial activities

New rules for minors managing assets

Another significant update could allow minors as young as 15 to manage inherited or personal assets with court approval.

However, this would still require strict judicial supervision and specific safeguards before approval is granted.

If implemented, the change would give younger individuals limited financial autonomy while keeping court oversight in place.

The update reflects broader legal and social shifts already taking place across the UAE. The country recently lowered the minimum driving age to 17, while commercial laws already allow individuals to engage in business activities from the age of 18.

Many banks in the UAE already allow 18-year-olds to independently open and manage accounts, while existing commercial laws permit them to engage in business activities.

The new legislation reflects how young adults today are taking on greater responsibilities earlier, whether through higher education, employment, entrepreneurship or managing their own financial affairs.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/