My son is a full-time student at a university in Dubai, but would like to work parttime to assist with expenses and give himself some pocket money. Is he permitted to do this? He has spoken to his sponsor, which is the university, but the staff working there do not understand what he is asking or have no idea. Can you tell us if he can work legally? AK,Dubai
Following certain changes to the UAE Labour Law in January, university and college students who are sponsored by their place of education can legally work part-time subject to specific conditions. Limited information is available and I suspect certain details have still to be ironed out, but I understand that the student must apply directly to the Ministry of Labour for a part-time work permit. These permits are valid for a period of one year and cost Dh500.
I read your comments about gratuity payments in the May 14 issue of Personal Finance. My husband was recently given verbal notice to leave his company. They then told him to submit a letter of resignation or they would force him out of the company. My husband is aware of the company "forcing" people out before and didn't want to risk his reputation being tarnished, so he reluctantly submitted his resignation letter. He's currently working out his notice, which finishes at the end of June. However, his visa expires at the start of June. What is his legal position in regard to his company not renewing his visa even though his notice period ends after it expires? Also, what gratuity will he be entitled to as a result of being forced to resign? JH, Dubai
It is unacceptable for companies to treat staff in such a manner. The company must provide him with a valid residency visa and labour card, no matter how short the period or cost to the company. Unfortunately, because your husband has resigned, as opposed to being made redundant, he will now only be entitled to a significantly reduced end-of-service gratuity. The standard gratuity is calculated at 21 days' pay for each year for the first five years of service and pro-rata for partial years. The gratuity is reduced to just one third of this if an employee resigns. I also suggest that your husband contact the Ministry of Labour helpline (800 665) to make a case against the company.
I was a resident of Dubai until 2008 and have a driving licence that comes up for renewal in 2012. I own property in Dubai and am eligible to get the investor visa. I understand that after a change in rules in 2009, such a visa is valid for an initial period of six months and can then be extended further. Can I renew my driving licence on an investor's visa? DS, Bahrain
Individuals who own property with a value of more than Dh1 million may apply for a property-related investor visa, which appears to be more like a visit visa in nature. This is valid for six months only and has a fee of Dh2,000 each time. This type of visa can be renewed indefinitely, but the visa holder must exit the UAE and re-apply at expiry, although there is no requirement to remain outside the country for any time. I have spoken to the Road Transport Authority (RTA) about somebody on this type of visa obtaining a Dubai driving licence. Because it is not a permanent residency visa, the RTA says the person may not have a UAE driving licence. Only people on a permanent visa can have a local licence and purchase a vehicle. Someone on a property-related visa must have a licence from their home country and an international driving permit. This will allow them to drive a rented vehicle, or one owned by a first-degree family member if the insurance company permits it. In addition, if DS has an existing Dubai driving licence, it is no longer valid because she does not have permanent residency, regardless of the expiry date on the licence.
I work for a small company in Dubai that is a branch office of a large company in the UK. We want to bring over a few of the UK employees for a short period to help with a project, but do not want to go to the trouble and expense of providing residency because they will only be needed for a limited period. Is there any way they can legally work in the UAE without residency? RS, Dubai
In the past, it was necessary to obtain a Mission Visa, which had broadly similar requirements to full residency visas. A change was announced in January stating that people between the ages of 18 and 65, who had not previously worked in the UAE, could apply for short-term work permits from the Ministry of Labour. These permits are valid for 60 days and may be renewed several times in one calendar year, but must be renewed before expiry. The charge is Dh500 on application and there are fines of Dh500 for each period of 10 days that it is overdue. Applications must be made on behalf of the employee by a company representative who has an electronic signature authority. Furthermore, I understand that after a person has been working on a short-term permit, it is possible for them to later have permanent residence and employment with the same company should circumstances require it.
Keren Bobker is an independent financial adviser with Holborn Assets in Dubai. Write to her at ckeren@holbornassets.com with queries for this column or for advice on any other financial planning matter.
onyourside@thenational.ae
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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
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
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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
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Brief scores:
Pakistan (1st innings) 181: Babar 71; Olivier 6-37
South Africa (1st innings) 223: Bavuma 53; Amir 4-62
Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Second ODI
England 322-7 (50 ovs)
India 236 (50 ovs)
England win by 86 runs
Next match: Tuesday, July 17, Headingley
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
About Tenderd
Started: May 2018
Founder: Arjun Mohan
Based: Dubai
Size: 23 employees
Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital
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Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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.”