Gloria Blog

About 49 per cent of companies in the UAE are budgeting for higher salaries during their annual pay reviews this year, as inflation increases the cost of living globally, according to a new report. Sixty-eight per cent of organisations in the Emirates said they conduct a annual pay review, according to professional services company Aon, which surveyed 150 companies across all industries in the country in the first two weeks of June.  Companies that participated in the survey included the Prime Minister's Office, Majid Al Futtaim, Abu Dhabi Investment Authority, Abu Dhabi Global Market, DP World, Beeah Group, Mubadala, Mondelez, Microsoft and Airbus, among others. The actual and budgeted amount for regular pay increases for a majority of companies in the UAE ranges from 2 per cent to 6 per cent, the survey revealed. Read More : https://www.thenationalnews.com/business/money/2022/06/17/uae-jobs-49-of-companies-budget-for-higher-salaries/

A new fractional ownership business centred on fancy coloured diamonds will offer retail investors a rare chance to begin investing in the pricy gemstones. Luxus, founded by hedge fund expert Dana Auslander and fashion journalist Gretchen Gunlocke Fenton, made its debut recently with a first offering of a .54 carat fancy pink diamond. The company aims to give retail investors the chance to buy a sliver of the stone, starting at 0.1 per cent, with the opportunity to participate in a market normally out of reach for those who do not have millions to invest. The idea is that the special diamonds, which have been steadily gaining value, will offer potential returns as investments. But, as with many such fractional ownership enterprises, retail investors will have no access to the stone or influence over how or when it might be resold — and returns realised. Read More : https://www.thenationalnews.com/business/money/2022/06/10/how-to-invest-in-a-fraction-of-a-diamond/

A group led by Rob Walton, the son of Walmart founder Sam Walton, agreed to buy the National Football League’s Denver Broncos in what would be the largest amount ever paid for a US professional sports team. Mr Walton’s group includes his daughter, Carrie, and her husband, Greg Penner, along with Mellody Hobson, co-chief executive of Ariel Investments, the two sides said in a joint statement. The deal, which needs approval from the NFL’s finance committee and league ownership, was worth $4.65 billion, sources said. Mr Walton, 77, was an early front-runner in a crowded field of contenders vying for the first NFL team to go up for sale in four years. This included billionaires Josh Harris, co-founder of Apollo Global Management, and mortgage tycoon Mat Ishbia. Read More : https://www.thenationalnews.com/business/money/2022/06/13/billionaires-walmart-heir-leads-group-to-buy-denver-broncos-in-465bn-deal/