An Emirates airline pilot at Dubai International Airport. The airline supported pilots on unpaid leave through benefits such as accommodation, full medical cover and educational allowances for eligible children. AFP
An Emirates airline pilot at Dubai International Airport. The airline supported pilots on unpaid leave through benefits such as accommodation, full medical cover and educational allowances for eligible children. AFP
An Emirates airline pilot at Dubai International Airport. The airline supported pilots on unpaid leave through benefits such as accommodation, full medical cover and educational allowances for eligible children. AFP
An Emirates airline pilot at Dubai International Airport. The airline supported pilots on unpaid leave through benefits such as accommodation, full medical cover and educational allowances for eligibl

Emirates recalls some furloughed pilots as operations ramp up


Deena Kamel
  • English
  • Arabic

Emirates airline said some of its pilots who were furloughed last year due to Covid-19 have returned to work as it ramps up its operations amid signs of a recovery in air travel.

"As demand slowly and gradually returns, Emirates has been positioning itself to support the scaling up of operations and we have already recalled some of our pilots back to flying status," an Emirates spokeswoman told The National yesterday.

She did not specify the number of pilots, the timetable of return or the size of the network’s restored capacity.

“We will continue reviewing our resourcing requirements in tandem with the ramp-up of our network and fleet,” said the spokeswoman.

The coronavirus pandemic hit the aviation industry hard, forcing airlines around the world to preserve cash by grounding aircraft and laying off or furloughing employees.

In November 2020, Emirates said it was offering some pilots unpaid leave of 12 months, with the possibility of an early recall, as the industry faced coronavirus-induced headwinds.

The airline supported furloughed pilots through benefits such as accommodation, medical cover for them and their dependents, educational support allowances for eligible children and the negotiation of fee reductions with select schools in the UAE, the spokeswoman said.

Recognising the potential impact of the pandemic on mental health and well being, Emirates said it has also been supporting employees and their families through its Employee Assistance Programme, an initiative the airline had developed well before the crisis.

The programme is “a 24/7 confidential support channel that covers a broad range of issues to help them through this difficult phase”, said the spokeswoman.

The pandemic dealt a major blow to the global civil aviation industry, "adversely affecting the mental health and well-being of individuals and groups, whether having been continuously in work, on furlough or returning to work in a new reality", according to Marc Atherton, a registered aviation and occupational psychologist.

Last week, Emirates' low-cost sister airline Flydubai said it has asked its furloughed staff to return to work from June amid rising optimism about a rebound in summer travel.

Dubai International Airport was the world's busiest for international flights in May, according to aviation intelligence consultancy OAG.

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At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

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.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

On Instagram: @WithHopeUAE

Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

RESULTS
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory