For Rana El Chemaitelly, it is not the US$20,000 (Dh73,455) cash injection into her start-up that has made a difference in the year since she won the Cartier Women's Initiative Awards 2011. Instead, it is the flurry of publicity The Little Engineer has received - and the offers to invest in her Beirut-based business and take it global.
"We've benefited from exposure," she says. "Not just in the Middle East. We've had several investment offers from around the world."
Ms El Chemaitelly set up The Little Engineer in 2009 to provide children and teenagers with a place to build their engineering skills after school and during the holidays. Her inspiration was twofold.
Having taken a part-time job in the engineering department at the American University of Beirut (AUB), she realised the students had little practical appreciation of the subjects they were studying. She was also concerned her young son was becoming increasingly unsociable as a result of his devotion to computer games.
A mechanical engineer by training, Ms El Chemaitelly started her first company in 1997. It was a digital imaging business and, at that time, she was a pioneer in the field. Competition was scant. But after seven years, the market became increasingly competitive and profits were harder to turn. She also had three children to take care of.
"I realised I would have to identify a new trend to stay in the market or leave to take care of the kids," she recalls. She opted for the latter. "If I could not be a successful mother then I was not the successful woman I wanted to be."
She didn't want to stay home entirely, though. And so she returned to AUB to complete a master's degree in engineering management. On graduating, she was offered a job with a monthly salary of $5,000.
"For Lebanon, that's great," she says. "But I didn't want to be an employee. I didn't want to be out of my home for long periods every day. So I offered to volunteer at the university. Instead, they assigned me as an instructor."
And that, of course, is where the idea for The Little Engineer dawned. "The students were very far away from real life," she says. "I wondered: how can we expose them to the challenges they will face in the future?"
She tested the idea during the summer of 2009, offering activities for eight to 12 year olds. She alerted neighbours and parents, who also asked for activities for other age groups. The Little Engineer's programme now spans ages four to 18. As well as engineering, renewable energy and 3D graphic design are also on the programme.
Keen to expand the business, Ms El Chemaitelly has settled on a franchise model. There are four centres in Lebanon and two more are due to open soon. A centre is opening in Libya this month and she is almost 80 per cent of the way to closing deals in Saudi Arabia, Kuwait, Qatar, Morocco and Armenia. She has also agreed to collaborate on an education initiative with Airbus Middle East.
As part of the Cartier scheme, Ms El Chemaitelly also benefited from mentoring and one-to-one coaching. "This gave me a great push," she says. "I got help not just about entrepreneurship, but also life, leadership and how to handle things such as stress."
Ms El Chemaitelly now coaches four other budding entrepreneurs.
"I want to give back in the same way with others," she says. "I want to inspire others and help them achieve their goals." She says another rewarding aspect of her new-found recognition is being asked to give motivational speeches.
One question is whether it is possible to be a successful female entrepreneur and a full-time mother of three young children.
"You can't do everything 100 per cent," she says. "You have to delegate. I have a helper who cleans and does the dishes. But I teach the kids myself … to be responsible the way I am."
lgutcher@thenational.ae
Bangladesh tour of Pakistan
January 24 – First T20, Lahore
January 25 – Second T20, Lahore
January 27 – Third T20, Lahore
February 7-11 – First Test, Rawalpindi
April 3 – One-off ODI, Karachi
April 5-9 – Second Test, Karachi
The%20specs%20
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
Company%20profile
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Buy farm-fresh food
The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.
In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others.
In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food.
In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra.
States of Passion by Nihad Sirees,
Pushkin Press
Company%20profile
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
Fight Night
FIGHT NIGHT
Four title fights:
Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title
Six undercard bouts:
Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio
Killing of Qassem Suleimani
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund