Dear Ali: My previous manager at work was from the United States. He was a very friendly and approachable team leader. My new boss will be from the UAE. What will the differences be between them? WA, Philippines
Dear WA: That’s difficult to answer, since I don’t have many details from your side – whether the manager will be a man or woman, their age, experience or which field you work in. However, there are some general points that I can share.
There might be some differences because of their cultural backgrounds, but in a professional world, their way of running a business should be equally good.
Arabs often give priority to politeness in social and workplace communication, demonstrating respect to each other. Personality-wise, you won’t face anything that might offend you.
But it really depends on how you quickly adapt to the style of the new manager. What’s most important is to figure out what their priorities are. That helps in adjusting to the demands of the job.
I’m sure you already know that in the Gulf and Arab culture and faith, teachings set certain behavioural rules that people have to follow. You can notice the difference when these norms differ from other people’s standards, but even in this case, Arabs are happy to find compromises. For example, shaking a woman’s hand. We consider it her right to not shake a man’s hand if she doesn’t want to; as men, we never feel offended, though if she does, it’s also absolutely fine.
When it comes to the business matters, our professionalism usually has international standards.
I hope that this information will help.
Dear Ali: Why do some of my male Emirati colleagues avoid eye contact with me when I talk at meetings? KN, Germany
Dear KN: First of all, I hope you don’t take it as an offensive gesture, as this isn’t meant to show disrespect, as some people may think.
The reason that some people don’t look at a woman when she talks is because Arabs value and honour her by avoiding any kind of disturbance when she speaks. Some concentrate more on the words that she’s saying, rather than on how she looks.
The roots of this behaviour lie in Arab culture and faith. But nowadays, the norms we accept and adopt in a business environment aren’t as clear as in our social lives.
Not everyone follows this school of thought – you’ll find those who make eye contact with you while you’re speaking.
In both ways, you should consider it positively. This is how Gulf and Arab culture is: it teaches that women deserve some special treatment when it comes to any kind of communication.
When I ask some Emiratis why they avoid eye contact when speaking to their female expat colleagues or businesspeople from different companies, the one and only answer would be: we don’t avoid eye contact, but the lady was not dressed properly and her cleavage was showing.
So, you see, it’s about respect and trying to avoid seeing a part of the body that can’t be avoided when speaking to someone. This is also not restricted to this example, but also to other men or women who aren’t modestly dressed.
Ali Al Saloom is a cultural adviser and public speaker from the UAE. Follow @AskAli on Twitter, and visit www.ask-ali.com to ask him a question.
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Company%C2%A0profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
MATCH RESULT
Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
EA Sports FC 24
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
Company%20profile
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First Person
Richard Flanagan
Chatto & Windus
SPECS
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John%20Wick%3A%20Chapter%204
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'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
What is a black hole?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.