The National Olympic Committee of the UAE honored Hisham Al Taher

HLB HAMT News Team

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    The National Olympic Committee of the UAE honoured Asian Chess Federation head Sheikh Sultan bin Khalifah Al Nahyan and General Secretary Hisham Al Taher, as well as 34 other Emirati sportsmen who occupy prominent positions at the Asian continental and International levels, at ceremonies held last week.

    Hisham Al Taher receives the award from Minister Dr. Ahmed Belhoul Al Falasi (left)

    HE Dr Ahmad Belhoul Al Falasi appointed as Minister of State for Entrepreneurship and SMEs

    Under the new UAE Government structure established in July 2020, HE Dr Ahmad Belhoul Al Falasi has been designated as Minister of State for Entrepreneurship and SMEs. HE Dr Al Falasi is in charge of developing national initiatives to boost the UAE’s Small and Medium Enterprise (SME) sector, which is one of the country’s economic drivers, and to foster entrepreneurship in a multitude of sectors. He’s also in charge of setting the country’s strategic direction and developing a broad national policy for the tourist sector.

     

    Partner’s Forum Organized

    The Olympic committee also organized a Strategic Partners forum in the presence of Dr. Ahmed Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises, President of the General Sports Authority, and First Vice President Head of the Executive Office, Saeed Abdul Ghaffar Hussein, Secretary-General of the General Sports Authority and Azza bint Suleiman, Assistant Secretary-General for Administrative and Financial Affairs of the Olympic Committee.

    In his remarks, Dr. Ahmed Belhoul Al Falasi, expressed his delight in the participation of the nation’s citizens in continental and International sports federations, citing them as a source of influence and sports diplomacy.

    To read about this topic in our quarterly magazine, please click the link.

     

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    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
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    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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    Innovation to Boost Business Leaders’ Confidence at Rapid Pace

    HLB Conducted ‘Survey of Business Leaders 2022’ - Powering your innovation engine

    HLB HAMT News Team

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      The advent of new COVID 19 variations coupled with global economic considerations and inflation have posed challenges to the advancement of the corporate environment. Considering all these concerns, but investors and entrepreneurs are optimistic. According to the survey, 95 percent of firm executives believe that faster and more effective talent management innovations, as well as long-term investments in advancing technology, are critical elements in paving the way for future success.

      HLB Survey of Business Leaders 2022

      HLB surveyed 586 clients and senior executives from 46 countries to acquire a deeper understanding of the challenges and objectives of business leaders in 2022. Regardless of the fact that the virus outbreak has been a pretty awful and hard moment for the industry, executives have emerged more competent and confident in their ability to combat and address difficulties via innovation. These topics are covered in depth in the research, which also provides advice for business executives on how to better analyse their companies’ methodologies in the long run.

      • In 2022, 54% predicted the global economy would accelerate, while 30% forecast it to remain unchanged.
      • Inflation is identified as a worry by 61% of respondents.
      • In comparison to pre-pandemic, 86% are more confident in their ability to innovate.
      • Market instability inspires people to innovate, according to 69 per cent of respondents.

      Exposure to evolving technology and innovation may be a driving element for firms, according to the great majority of company executives with AI, Cloud, and RPA being the most significant.

      A copy of the full report can be viewed here: www.hlb.global/surveyofbusinessleaders

       

      To read about this topic in our quarterly magazine, please click the link.

       

      Would you like to rate us on Google?         

       

      Varun R Chandra
      Varun R Chandra
      07:38 25 Apr 21
      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
      Giuseppe Assi
      Giuseppe Assi
      06:20 31 Jan 21
      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
      Mohamed Sheriff
      Mohamed Sheriff
      16:16 28 Jun 20
      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
      218141 JOSEPH THOMAS
      218141 JOSEPH THOMAS
      16:20 23 Jun 20
      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
      PMI
      PMI
      07:14 23 Jun 20
      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
      RAVI CHOKSI
      RAVI CHOKSI
      08:28 21 Jun 20
      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
      Maharajan Subramaniam
      Maharajan Subramaniam
      18:17 06 Jun 20
      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
      Mohammed L
      Mohammed L
      08:07 05 Jun 20
      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
      ROY ROSHAN VIVIAN
      ROY ROSHAN VIVIAN
      06:32 04 Jun 20
      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
      Basil Daniells
      Basil Daniells
      05:55 03 Jun 20
      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
      Amar Kashyap
      Amar Kashyap
      19:28 02 Jun 20
      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
      Radz de Jesus
      Radz de Jesus
      16:03 02 Jun 20
      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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      HLB Global Expands and Welcomes New Members

      “The future is HLB” stated the newly included prestigious US accounting firms

      HLB HAMT News Team

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      HLB HAMT - Accounting Firm in UAE
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      Mobile:- +971 55 160 1291
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        As the accounting industry is evolving in this demanding business climate, HLB, the global advisory and accounting network, has prioritized addressing the diverse requirements. As a result, HLB continues to develop and expand, as seen by the recent induction of its newest member firms.

        Rehmann, Whitley Penn, and Miller Cooper, three top US companies, have joined the member list of HLB to deliver a unique insight to increase collective knowledge and unlock new business prospects.

        Choosing HLB over other alternate possibilities

        HLB has a wealth of technical resources and support, global accessibility, and a commitment to customer service which gives them significant emphasis on technical advancements, such as the use of artificial intelligence (AI) in service delivery, and is continually growing its member intranet to better fulfill the demands of clients.

        HLB CEO Marco Donzelli says, “We were happy to hear our new members remark, ‘the future is HLB,’ as it is fairly unusual to have three top 100 US corporations make a move like this at the same time. The depth of service, experience and geographic coverage these enterprises provide to the network considerably improves our market position and takes us closer to achieving our worldwide growth ambitions.”

        HLB is currently the world’s 11th largest network, and it was named Network of the Year at the 2020 Digital Accountancy Awards.

        Let’s take a glimpse at HLB’s newest members

        • Rehmann

        Leadership: Randy Rupp, CEO; Stacie Kwaiser, COO

        Location: Headquarters in Troy, Michigan with 17 offices in Michigan, Ohio, and Florida

        Ranking: #33 on the Accounting Today’s Top 100

        • Miller Cooper

        Leadership: Kristen Fitzpatrick, Managing Principal; Ross Pearlstein, Chairman

        Location: Chicago, Illinois (3 offices)

        Ranking: Top 50 US Firm and 10th largest accounting firm on Crain’s Chicago List

        • Whitley Penn

        Leadership: Larry Autrey, Managing Partner

        Location: Headquarters in Fort Worth, Texas with a total of 8 offices in Texas.

         

        To read about this topic in our quarterly magazine, please click the link.

         

        Would you like to rate us on Google?         

         

        Varun R Chandra
        Varun R Chandra
        07:38 25 Apr 21
        HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
        Giuseppe Assi
        Giuseppe Assi
        06:20 31 Jan 21
        I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
        Mohamed Sheriff
        Mohamed Sheriff
        16:16 28 Jun 20
        Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
        218141 JOSEPH THOMAS
        218141 JOSEPH THOMAS
        16:20 23 Jun 20
        Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
        PMI
        PMI
        07:14 23 Jun 20
        In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
        RAVI CHOKSI
        RAVI CHOKSI
        08:28 21 Jun 20
        Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
        Maharajan Subramaniam
        Maharajan Subramaniam
        18:17 06 Jun 20
        High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
        Mohammed L
        Mohammed L
        08:07 05 Jun 20
        We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
        ROY ROSHAN VIVIAN
        ROY ROSHAN VIVIAN
        06:32 04 Jun 20
        Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
        Basil Daniells
        Basil Daniells
        05:55 03 Jun 20
        I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
        Amar Kashyap
        Amar Kashyap
        19:28 02 Jun 20
        Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
        Radz de Jesus
        Radz de Jesus
        16:03 02 Jun 20
        We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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        The new labor law in UAE has been implemented

        HLB HAMT News Team

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        HLB HAMT - Accounting Firm in UAE
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        Mobile:- +971 50 205 9540
        Email:- dubai@hlbhamt.com

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          The UAE has issued Federal Labor Law No. 33 of 2021, which replaces Federal Labor Law No. 8 of 1980. The new law will enter into force on February 2, 2022, and will bring about a variety of reforms, some of which will have a considerable influence on current employment conditions.

          The labor law reforms are significant, necessitating adjustments to current employment contracts as well as rules and processes related to long-term contracts with new hires. The New Law governs all current and prospective work relationships in the UAE’s private sector. Since the Dubai International Financial Centre and the Abu Dhabi Global Market have their own labor laws, the new law will not pertain to work interactions there.

          The essential elements of the new labor law, some of the most significant changes are discussed below.

          A. Contracts of Employment

          The new law makes it mandatory to establish employment contracts with fixed periods that cannot run longer than three years and can be extended for the same duration or shorter with both parties’ approval. Existing labour law allows unlimited contracts to remain, but they must be converted to limited contracts inside one year of the new legislation’s adoption, or by February 2, 2023.

          B. Period of Probation

          Under the new labour legislation, the maximum probationary term stays at six months. Employers must offer a minimum of fourteen days’ written notice of their intention to terminate an employee’s employment contract if the individual is on probation, according to new legislation.

          If an employee wishes to quit during their probationary term, they must comply with the following requirements:

          • If resigning to work for another employer in the UAE, offer one month’s notice; or
          • If the employee intends to depart the UAE, offer fourteen days’ notice.

          C. End of Service Gratuity

          The legislation lays out in detail how an employee’s gratuity will be calculated based on their duration of service. According to the new legislation, an ex-pat who has worked full-time for a company for a year or longer will be eligible for end-of-service bonuses based on basic salary. Each of the first five years of service will be compensated with a salary of 21 days, with each subsequent year being compensated with a compensation of 30 days.

          D. Termination during the probationary period

          1.  The employee may cancel the contract during the probationary period by presenting at least one month’s written notice.
          2. An employer may terminate an employee’s contract during the probationary period by giving the employee 14 days’ written notice.

          E. Discrimination and harassment are prohibited

          It is unlawful for an employer, coworkers, or superiors to engage in sexual harassment, bullying, or any other form of behavioural, emotional, physical, or mental hostility towards an employee. Discrimination based on sex, race, colour, religion, national or social origin, or disability is prohibited under the new regulation.

          F. Parental Leave

          Employees will be entitled to five days of paid leave in the six months following the birth of their child.

          G. Leave of Compassion

          The legislation provides for five days of paid leave in the case of the death of an employee’s husband or wife. The law provides for three days of paid leave in the case of the death of an employee’s parent, child, sibling, or grandparent.

          H. Study leave

          Employees are entitled to 10 days of study leave per year if they are enrolled in a reputable institution, and such leave will be granted only if the university issues a certificate.

          I. Notice Periods

          The minimum notice time for terminating an employment contract is still thirty days, but the maximum is now ninety days.

          1. Termination Criteria
            Under the new law, redundancy termination is a legal reason for terminating an employment contract. Redundancy was not recognised under the previous legislation.
          2. Job-Search Leave
            During the notice period, employees are now eligible to one day of unpaid absence every week to search for new work.

          The UAE Cabinet is scheduled to release executive regulations, which would presumably offer much-needed clarification on the execution of the new law’s several new sections and amendments. Once the Executive Regulations are released, the modifications made by the new law must be carefully studied and reconsidered. The Ministry of Human Resources and Emiratization will continue to provide advice on a set of critical issues.

          To read about this topic in our quarterly magazine, please click the link.

           

          Would you like to rate us on Google?         

           

          Varun R Chandra
          Varun R Chandra
          07:38 25 Apr 21
          HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
          Giuseppe Assi
          Giuseppe Assi
          06:20 31 Jan 21
          I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
          Mohamed Sheriff
          Mohamed Sheriff
          16:16 28 Jun 20
          Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
          218141 JOSEPH THOMAS
          218141 JOSEPH THOMAS
          16:20 23 Jun 20
          Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
          PMI
          PMI
          07:14 23 Jun 20
          In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
          RAVI CHOKSI
          RAVI CHOKSI
          08:28 21 Jun 20
          Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
          Maharajan Subramaniam
          Maharajan Subramaniam
          18:17 06 Jun 20
          High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
          Mohammed L
          Mohammed L
          08:07 05 Jun 20
          We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
          ROY ROSHAN VIVIAN
          ROY ROSHAN VIVIAN
          06:32 04 Jun 20
          Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
          Basil Daniells
          Basil Daniells
          05:55 03 Jun 20
          I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
          Amar Kashyap
          Amar Kashyap
          19:28 02 Jun 20
          Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
          Radz de Jesus
          Radz de Jesus
          16:03 02 Jun 20
          We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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