Government bodies and free zones across the UAE have been waiving or reducing registration fees for start-up as part of measures aimed at reducing the economic impact of Covid-19. Getty Images
Government bodies and free zones across the UAE have been waiving or reducing registration fees for start-up as part of measures aimed at reducing the economic impact of Covid-19. Getty Images
Government bodies and free zones across the UAE have been waiving or reducing registration fees for start-up as part of measures aimed at reducing the economic impact of Covid-19. Getty Images
Government bodies and free zones across the UAE have been waiving or reducing registration fees for start-up as part of measures aimed at reducing the economic impact of Covid-19. Getty Images

UAE employee productivity stays on track amid home working shift


Alice Haine
  • English
  • Arabic

The new working-from-home trend driven by the coronavirus outbreak has not significantly dented staff productivity, according to a new Willis Towers Watson study of how UAE businesses are coping with the shift.

Just over a fifth of employers (22 per cent) said new working arrangements have actually boosted productivity, the global insurance brokerage found, while 11 per said there had been no change and 39 per cent noted a slight negative effect.

The April survey of 35 Middle East employers that employ 590,000 employees globally and 92,000 in the UAE, found only 11 per cent of businesses reported a “moderate” negative effect on their operations and no companies noted a large impact.

“The pandemic has forced us into a massive experiment in working from home, and many employers are relieved at how well staff productivity has held up, or even increased. Technology like fast broadband has been a huge enabler, and workers have been quick to switch to tools such as video conferencing,” said Thom Janssen, Middle East head of employee insights at Willis Towers Watson.

Stay-at-home directives, first rolled out in the UAE in March, saw the majority of the country’s workforce relocated from offices to homes as authorities tried to curb the spread of the virus. Malls, schools and businesses were also closed, which resulted in some salary cuts and job losses.

While restrictions have eased slightly, allowing limited numbers of employees to return to offices, Willis Towers Watson said it did not think there will be a push by businesses to get staff back to the office, especially with concerns about social distancing.

“Employers have seen that staff can be just as productive away from the office, and that may spark a greater shift to more agile working options, which could have implications for office real estate and the wider economy,” said Mr Janssen.

Two thirds of employers now say that over 75 per cent of their workforce is working remotely. Before Covid-19 the vast majority (81 per cent) said less than 10 per cent of their workforce carried out their jobs remotely, the study found.

Asked when they were planning to stop their new flexible working arrangements, 77 per cent of UAE firms said they have no end date in mind, while 13 per cent are looking at the end of June.

However, according to PwC's latest Covid-19 CFO Pulse Survey, which looks at how regional chief financial officers are responding to the crisis, most companies are looking to reopen, with two-thirds of Middle East CFOs expecting business to be back to normal within three months and 71 per cent very confident in their ability to meet customers' safety expectations.

Seventy per cent also believe they’d provide a safe working environment for their employees. While more than half of regional CFOs remain focused on accelerating automation and new ways of working as a priority, three quarters believe that flexible working will make their company better, and one third are planning to make this a permanent option.

Meanwhile, the Willis Towers Watson study found companies implemented a number of measures to help staff cope with changes in how they work. Four in 10 employers have increased staff access to counselling services and a similar percentage have removed any exclusions or limitations relating to pandemics from staff health plans or life and disability policies.

Sixty-four per cent of companies are running virtual social engagement initiatives for teams and departments, to help colleagues stay in touch and socialise.

However, although the majority of companies are regularly updating staff on the current situation, only 15 per cent have surveyed their employees to ask them their views and needs.

“While this is a challenging time for businesses, it is also placing huge stresses and pressures on individual people. Good employers are thinking of ways to help their staff navigate the pandemic, through better communication, more flexible working and improvements to benefits packages,” Mr Janssen added.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 178hp at 5,500rpm

Torque: 280Nm at 1,350-4,200rpm

Transmission: seven-speed dual-clutch auto

Price: from Dh209,000 

On sale: now

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

If you go

The flights

The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings

The stay

Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.

 

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

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

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.”

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