The Dubai International Financial Centre. Jaime Puebla / The National
The Dubai International Financial Centre. Jaime Puebla / The National
The Dubai International Financial Centre. Jaime Puebla / The National
The Dubai International Financial Centre. Jaime Puebla / The National

Executive potential can be realised by living up to it every day


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You've studied hard, graduated with honours and got the dream job. You've progressed through the ranks, impressed your boss, been touted as an up-and-comer and are ready to take the next step to becoming an executive, a recognised officer of the company. What can you do to make this happen?

Michael Lynch was in his early fifties and had spent more than 10 years working as a senior manager at a top wealth-management firm in Melbourne, Australia, when he realised his dream of taking on an executive role with the company was not going to happen.

"My career started so well, then I watched as younger associates moved in and up," Mr Lynch says.

"I was busy, everyone was busy, but I made excuses to myself. I didn't push as hard as I could have.

"There was a lot of upheaval going on in the company at the time, new regulations were coming in, people were losing their jobs. I thought if I kept my head down and did a good job, it would be noticed."

Mr Lynch, fed up with the long hours and lack of recognition, finally left the firm and set up his own small business, but says there are times when he still has regrets.

"I probably should have taken a proactive approach earlier on, maybe got better advice," he says.

After years of rapid promotion and standing out, many middle to senior managers find themselves stuck in a bottleneck of other just as eager, just as bright, not-so-young things trying to grab that elusive promotion into the upper echelons of business.

How do you do it, how do you stand out, get noticed and move ahead?

Having an MBA from a recognised university is almost a requisite these days and business institutes offer many leadership and corporate governance courses to improve your CV. Then there are the dozens of websites, particularly recruitment portals, promising this elusive career advancement, but to get your CV read you first have to be noticed.

Liz Wiseman, an executive coach and author of Multipliers: How the Best Leaders Make Everyone Smarter, says the best way to become a senior member of a company is to act like one.

Take on the most difficult challenges, think strategically and don't look for the promotion at the end.

"A lot of executives I work with are used to very rapid growth in their career early on; they're almost addicted to the idea of promotion, but once you get to a certain level the number of opportunities for promotion are fewer and fewer," Ms Wiseman says.

Early in their careers, people get a promotion and then they take on certain levels of responsibility, but when you move into more senior ranks you have to take on these challenges first and the promotional opportunities follow, Ms Wiseman advises.

"People who distinguish themselves are those who don't look for promotion; they look for something hard that the business is trying to do and they go in and take those challenges, lead the organisation through those challenges and they distinguish themselves," she says.

"They are not doing things not to be recognised, but they are doing things because they enjoy the challenges."

Doug Lambert, a Dubai-based executive coach, says moving into an executive role takes planning and assistance.

A would-be executive should have clear career goals and the right help in meeting them.

If possible, agree on a career path with your immediate boss or human resources department.

And, most importantly, find yourself a mentor.

"It's very important to have a mentor, ideally someone very senior within your company, not your immediate boss, but someone with influence who can guide you and steer you towards your long-term goals," Mr Lambert says.

Some companies arrange mentors for their most promising employees. If this is not the case, you should feel comfortable approaching a suitable person yourself.

Let this person know you see them as a role model and would like to emulate their leadership style.

Organise regular one-to-one meetings and actively follow their advice.

Another important factor is to ensure you are replaceable.

Your current boss may not recommend or support your promotion if it is going to make their life harder.

"You must take a risk," John Reh, a US management consultant, warns on the career development website http://management.about.com.

"You must train and develop one or more of your subordinates to be ready to move up and take on your job when you leave."

Since leaving his position as a senior executive in the petroleum industry five years ago, Mr Lambert has been coaching teams of senior executives in high-profile jobs.

Although successful executives don't fit any specific profile, he says, what they all share is a powerful determination, a willingness to sacrifice and an awareness of how they operate and how their style affects others.

To achieve this, aspiring executives need to sharpen their listening and questioning skills, be able to handle conflict healthily and to give and receive feedback.

Think before you do or say anything about the effect it will have and ask people for feedback, Mr Lambert advises.

You need 360-degree feedback: from your boss, your peers, the people you report to and the people who report to you.

Ask what they like about your style and what you can do better.

Another important factor to success is the would-be executives' ability to influence.

"To move into high levels, it's essential you can influence others to follow your ideas," Mr Lambert says.

Adapt your leadership style, be proactive in influencing outcomes, second-guess challenges and identify stakeholders who can help surmount these challenges.

Most old-style executives use the authoritative approach to leading, but many experts agree the visionary or coaching style can be even more effective.

The visionary leader moves people towards a shared vision, telling them where to go but not how to get there. Similarly, by using a coaching style the successful leader will consciously empower people to think for themselves and encourage them to use their own ability.

"A great executive is less likely to give directions than to ask questions," Ms Wiseman says. "To not just solve the problems that are right there in front of them, but to ask the questions that are going to challenge the organisation and allow people to see new opportunities; to ask the questions that shift the burden of thinking from you as the manager out into your staff and into the workforce.

"So instead of having one person thinking, you have an entire organisation who are searching for answers to questions being asked by the senior leaders."

It is this ability to think holistically that separates good managers from successful executives.

"In the business world it's very easy to get bogged down with meetings and e-mails," Mr Lambert says.

"Managers think tactically, but to get on and up you have to think both tactically and strategically outside your domain.

"You have to take time every day to remove yourself from the general 'busy-ness' to think strategically.

"Don't just look at the big picture, look at the challenges work through alternatives and get solutions."

Exude positive energy, which encourages people to perform the best and be a role model for work-life balance.

"Everyone is busy, but it is important to have a life outside the office," Mr Lambert says.

"It's not sustainable to keep pushing 100 per cent all day, every day.

"This is not to say don't give your best, but be clear on what's important, prioritise time to concentrate on what's important, say no to things that are less so and you can be more productive where it counts."

Martin Bond, a former banking executive, meets successful executives every day in his role as partner of NxD Global, a Dubai-based matching-making service set up to place non-executive directors onto boards of companies.

These are executives who have reached the highest echelons of business; they are at the peak of their career and ready to diversify.

For aspiring industry leaders, a position of non-executive director is the epitome of success and, says Mr Bond, it is achievable.

His advice to the aspiring executive is don't give up.

"In any business, there's a triangle in terms of seniority," Mr Martin says.

"But always in any organisation, the right positions are there for the right individuals and people with the determination and ability will always make it to the top."

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

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

Q&A with Dash Berlin

Welcome back. What was it like to return to RAK and to play for fans out here again?
It’s an amazing feeling to be back in the passionate UAE again. Seeing the fans having a great time that is what it’s all about.

You're currently touring the globe as part of your Legends of the Feels Tour. How important is it to you to include the Middle East in the schedule?
The tour is doing really well and is extensive and intensive at the same time travelling all over the globe. My Middle Eastern fans are very dear to me, it’s good to be back.

You mix tracks that people know and love, but you also have a visually impressive set too (graphics etc). Is that the secret recipe to Dash Berlin's live gigs?
People enjoying the combination of the music and visuals are the key factor in the success of the Legends Of The Feel tour 2018.

Have you had some time to explore Ras al Khaimah too? If so, what have you been up to?
Coming fresh out of Las Vegas where I continue my 7th annual year DJ residency at Marquee, I decided it was a perfect moment to catch some sun rays and enjoy the warm hospitality of Bab Al Bahr.

 

Naga
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Medicus AI

Started: 2016

Founder(s): Dr Baher Al Hakim, Dr Nadine Nehme and Makram Saleh

Based: Vienna, Austria; started in Dubai

Sector: Health Tech

Staff: 119

Funding: €7.7 million (Dh31m)

 

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Results

2.15pm: Maiden (PA) Dh40,000 1,700m; Winner: AF Arrab, Antonio Fresu (jockey), Ernst Oertel (trainer).

2.45pm: Maiden (PA) Dh40,000 1,700m; Winner: AF Mahaleel, Antonio Fresu, Ernst Oertel.

3.15pm: Sheikh Ahmed bin Rashid Al Maktoum handicap (TB) Dh200,000 2,000m; Winner: Dolmen, Richard Mullen, Satish Seemar.

3.45pm: Handicap (PA) Dh40,000 1,200m; Winner: Amang Alawda, Sandro Paiva, Bakhit Al Ketbi.

4.15pm: The Crown Prince of Sharjah Cup Prestige (PA) Dh200,000 1,200m; Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel.

4.45pm: Handicap (PA) Dh40,000 2,000m; Winner: Al Jazi, Jesus Rosales, Eric Lemartinel.

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

The%20Woman%20King%20
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The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Tomb%20Raider%20I%E2%80%93III%20Remastered
%3Cp%3EDeveloper%3A%20Aspyr%0D%3Cbr%3EPublisher%3A%20Aspyr%0D%3Cbr%3EConsole%3A%20Nintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20series%20X%2FS%0D%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

UAE currency: the story behind the money in your pockets
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RESULTS

Time; race; prize; distance

4pm: Maiden; (D) Dh150,000; 1,200m
Winner: General Line, Xavier Ziani (jockey), Omar Daraj (trainer)

4.35pm: Maiden (T); Dh150,000; 1,600m
Winner: Travis County, Adrie de Vries, Ismail Mohammed

5.10pm: Handicap (D); Dh175,000; 1,200m
Winner: Scrutineer, Tadhg O’Shea, Ali Rashid Al Raihe

5.45pm: Maiden (D); Dh150,000; 1,600m
Winner: Yulong Warrior, Richard Mullen, Satish Seemar

6.20pm: Maiden (D); Dh150,000; 1,600m
Winner: Ejaaby, Jim Crowley, Doug Watson

6.55pm: Handicap (D); Dh160,000; 1,600m
Winner: Storyboard, Richard Mullen, Satish Seemar

7.30pm: Handicap (D); Dh150,000; 2,200m
Winner: Grand Dauphin, Gerald Mosse, Ahmed Al Shemaili

8.05pm: Handicap (T); Dh190,000; 1,800m
Winner: Good Trip, Tadhg O’Shea, Ali Rashid Al Raihe

While you're here

SPECS

Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

Power: 306hp

Torque: 450Nm

Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
West Indies v India - Third ODI

India 251-4 (50 overs)
Dhoni (78*), Rahane (72), Jadhav (40)
Cummins (2-56), Bishoo (1-38)
West Indies 158 (38.1 overs)
Mohammed (40), Powell (30), Hope (24)
Ashwin (3-28), Yadav (3-41), Pandya (2-32)

India won by 93 runs

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

Company profile

Name: The Concept

Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal

Based: Abu Dhabi

Founded: 2017

Number of employees: 7

Sector: Aviation and space industry

Funding: $250,000

Future plans: Looking to raise $1 million investment to boost expansion and develop new products

THE BIO:

Sabri Razouk, 74

Athlete and fitness trainer 

Married, father of six

Favourite exercise: Bench press

Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn

Power drink: A glass of yoghurt

Role model: Any good man

HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

MATCH INFO

Burnley 0

Man City 3

Raheem Sterling 35', 49'

Ferran Torres 65'

 

 

All about the Sevens

Cape Town Sevens on Saturday and Sunday: Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales

HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia