Question: My question is about carrying forward unused annual leave. I have had a busy year and not used all my days of leave. There is no time to take them now but where do I stand on being paid for the five days or using them next year? BE, Abu Dhabi
Answer: This topic is covered in UAE labour law, Article 29.5, which states, “the worker may, with the approval of his employer and in accordance with the applicable regulations at the establishment, carry forward his annual leave balance or days thereof to the following year”.
Additional guidelines state that a maximum of 15 days can be carried forward, largely to ensure that employees have a break each year.
Companies should have a staff handbook that confirms that days can be carried forward and also clarifies whether an employee can request pay in lieu as an alternative and for how many days. Payment in lieu is at the discretion of the employer, calculated on basic salary only.
Q. I am writing to get confirmation of the law regarding cold calling. I thought it had been banned in the UAE but I was called at 7pm by a company I have never had any dealings with. The call was from a local mobile number and the man said he was calling on behalf of a property developer.
I have never registered with any developer or estate agent so surely, they shouldn’t be calling me? TG, Dubai
A. The UAE government introduced new regulations against cold callers in August 2024. The regulatory body is the Ministry of Economy and Telecommunications Regulatory Authority (TRA), which has advised that companies that break this law could have their trade licences terminated, as well as being fined up to Dh150,000 ($40,838).
There are a number of rules that companies must follow when telemarketing. These include: (1) they can only call between 9am and 6pm; (2) they should have prior approval to make calls; (3) if a person does not want to receive calls, marketers are not permitted to call again on the same day; (4) calls should not be made from a personal phone number.
Note that prior approval can mean the company has sent an email stating it will make contact unless someone opts out. Signing up for a mailing list or making a purchase can be deemed approval if mentioned in the terms and conditions so people need to be aware of what they are agreeing to.
If someone is bothered by a cold caller who breaks these rules, they can make a complaint. This can be done in a variety of ways depending on the company.
A complaint can be made to the company’s relevant licensing authority. If the caller is from a bank, make a complaint to the UAE Central Bank. If the caller is from an investment, commodity or securities company, contact the Securities and Commodities Authority (SCA).
If a call is received from a personal, rather than a business number, a complaint can be submitted to the Telecommunications and Digital Government Regulatory Authority.
There is also a “do not call registry” (DNCR), which is essentially a directory of the telephone numbers of residents who wish to opt out of telemarketing calls. Companies are supposed to train their employees to use this directory before calling but it seems that few are doing so.
To register on the DNCR, individuals should go to the website of the telecoms company that they use, as registration is with the relevant provider.
To clarify, it is not illegal to make marketing calls but there are guidelines that must be followed.
Q. I moved to Jeddah last month to take up a job and my employer is holding my passport saying it is company policy to keep it while I am employed but I can ask for it back if I am going on holiday out of the country.
I know that it is not permitted in Abu Dhabi where I worked before but I am not sure of the law here. SH, Jeddah, Saudi Arabia
A. The law in Saudi Arabia is clear in that employers are not permitted to retain passports of any employees. This is stated on the website of the Ministry of Human Resources and Social Development, which says: “In accordance with Article (6) of the Implementing Regulations of the Saudi Labour Law, the employer may not withhold the passport, residence or medical insurance card of the non-Saudi workers.”
SH should request the return of his passport, which is technically the property of the government that issued it, pointing out the law. If the employer fails to return it, he can file a complaint. Contact details are on the ministry website.
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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.”
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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