• Attendees make their way through the venue of the Consumer Electronics Show, which starts on January 5 and runs for three days, in Las Vegas, Nevada. AP
    Attendees make their way through the venue of the Consumer Electronics Show, which starts on January 5 and runs for three days, in Las Vegas, Nevada. AP
  • Trane Technologies executive Katherine Shin at CES 2022. The annual technology trade show showcases new innovations coming to the market each year. AFP
    Trane Technologies executive Katherine Shin at CES 2022. The annual technology trade show showcases new innovations coming to the market each year. AFP
  • Sony Interactive Entertainment chief executive Jim Ryan speaks about his company's PlayStation VR2 product before the start of the CES technology show in Las Vegas. AFP
    Sony Interactive Entertainment chief executive Jim Ryan speaks about his company's PlayStation VR2 product before the start of the CES technology show in Las Vegas. AFP
  • Samsung Electronics vice chairman and chief executive Han Jong-hee highlights plans to build a more sustainable and connected future. AFP
    Samsung Electronics vice chairman and chief executive Han Jong-hee highlights plans to build a more sustainable and connected future. AFP
  • Georgina Hvas Tordoff from Samsung Electronics displays The Freestyle, a new portable screen and entertainment device, before the start of the trade show. AFP
    Georgina Hvas Tordoff from Samsung Electronics displays The Freestyle, a new portable screen and entertainment device, before the start of the trade show. AFP
  • Sony Pictures Entertainment chairman Thomas Rothman updates CES delegates on sales figures for the 'Ghost of Tsushima' game that is available on PlayStation 4 and PlayStation 5. AFP
    Sony Pictures Entertainment chairman Thomas Rothman updates CES delegates on sales figures for the 'Ghost of Tsushima' game that is available on PlayStation 4 and PlayStation 5. AFP
  • Samsung Electronics vice chairman and chief executive Han Jong-hee leaves the stage after delivering the opening address at CES 2022. Reuters
    Samsung Electronics vice chairman and chief executive Han Jong-hee leaves the stage after delivering the opening address at CES 2022. Reuters
  • 'Spider-Man: No Way Home' actor Tom Holland speaks about 'Unchartered', a movie based on a video game, during a Sony media event at the technology trade show. AFP
    'Spider-Man: No Way Home' actor Tom Holland speaks about 'Unchartered', a movie based on a video game, during a Sony media event at the technology trade show. AFP
  • From left, Boston Dynamics founder and chairman Marc Raibert, Hyundai Motors' TaaS Division president Chang Song and Microsoft's cloud and AI vice president Ulrich Homann take part in a media conference at CES 2022. AP
    From left, Boston Dynamics founder and chairman Marc Raibert, Hyundai Motors' TaaS Division president Chang Song and Microsoft's cloud and AI vice president Ulrich Homann take part in a media conference at CES 2022. AP
  • The technology trade show is being held in person but some companies have decided to take part online due to Covid-19 concerns. EPA
    The technology trade show is being held in person but some companies have decided to take part online due to Covid-19 concerns. EPA
  • A member of the media disinfects his hands after a temperature check at CES 2022. Visitors must be fully vaccinated against Covid-19 to attend the event in person. EPA
    A member of the media disinfects his hands after a temperature check at CES 2022. Visitors must be fully vaccinated against Covid-19 to attend the event in person. EPA
  • Canon adviser Drew MacCallum unveils the company's dual photo lens before the start of the technology trade show. PA
    Canon adviser Drew MacCallum unveils the company's dual photo lens before the start of the technology trade show. PA
  • Despite several cancellations over the past few weeks, 143 new companies have signed up to exhibit in person at CES 2022. AP
    Despite several cancellations over the past few weeks, 143 new companies have signed up to exhibit in person at CES 2022. AP
  • An attendee demonstrates the Owo vest, which allows users to feel physical sensations during metaverse experiences, such as virtual reality games, including wind, gunfire and punching, at CES 2022. AFP
    An attendee demonstrates the Owo vest, which allows users to feel physical sensations during metaverse experiences, such as virtual reality games, including wind, gunfire and punching, at CES 2022. AFP
  • A demonstration of a Autel Robotics Evo2 Enterprise drone at CES 2022. Reuters
    A demonstration of a Autel Robotics Evo2 Enterprise drone at CES 2022. Reuters
  • Attendees try out the Samsung Galaxy S21 FE phone at the technology show. Reuters
    Attendees try out the Samsung Galaxy S21 FE phone at the technology show. Reuters
  • Le Thi Thu Thuy, vice chairwoman of the Vingroup and VinFast global chief executive speaks during the unveiling of a line of electric SUVs at CES 2022. Reuters
    Le Thi Thu Thuy, vice chairwoman of the Vingroup and VinFast global chief executive speaks during the unveiling of a line of electric SUVs at CES 2022. Reuters
  • An Ameca model humanoid robot by British company Engineered Arts on display at CES 2022. AFP
    An Ameca model humanoid robot by British company Engineered Arts on display at CES 2022. AFP
  • An attendee gets a robotic massage table at the Massage Robotics booth. EPA
    An attendee gets a robotic massage table at the Massage Robotics booth. EPA
  • Attendees try out autonomous boat technology at the Hyundai Heavy Industries Group stand at CES 2022. AP Photo
    Attendees try out autonomous boat technology at the Hyundai Heavy Industries Group stand at CES 2022. AP Photo
  • An attendee takes part in Panasonics immersive experience at CES 2022. EPA
    An attendee takes part in Panasonics immersive experience at CES 2022. EPA

CES 2022: annual tech trade show to open despite Covid-19 concerns


Alkesh Sharma
  • English
  • Arabic

The Consumer Electronics Show 2022 – one of the biggest technology trade fairs in the world – is taking place but with fewer big companies participating in person than expected due to a surge Covid-19 cases in the US.

The three-day annual event will go live in a hybrid format, both online and in-person in Las Vegas, on Wednesday and global leaders in consumer electronics will unveil ground-breaking innovations.

This year’s focus is on pioneering technology such as the metaverse, 5G, FoodTech, space technology, drones, self-driving cars, smart homes, artificial intelligence, cryptocurrency and non-fungible tokens, or NFTs.

Qualcomm president and chief executive Cristiano Amon delivers a speech during a press conference at the CES Unveiled in Las Vegas on Tuesday. EPA
Qualcomm president and chief executive Cristiano Amon delivers a speech during a press conference at the CES Unveiled in Las Vegas on Tuesday. EPA

Although the event will officially start on Wednesday, a few presentations took place on Tuesday.

Last year, CES was held online due to pandemic-induced shutdowns and the global vaccination drive, which was still in its initial stages.

However, the pandemic brings changes to this year’s conference, such as strict health protocols and a shorter show.

The event, which was originally planned to end on Saturday, will close on Friday as an “additional safety measure to the current health protocols”, said the Consumer Technology Association (CTA), which runs the show.

“As the world’s most influential technology event, CES is steadfast in its pledge to be the gathering place to showcase products and discuss ideas that will ultimately make our lives better,” CTA president and chief executive Gary Shapiro said.

Workers prepare a booth before the CES technology show on Tuesday in Las Vegas. AP
Workers prepare a booth before the CES technology show on Tuesday in Las Vegas. AP

“We are shortening the show to three days and have put in place comprehensive health measures for the safety of all attendees and participants,” said Mr Shapiro.

In the days leading up to the event, many technology companies cancelled their in-person participation and some media outlets also dropped plans to send journalists over health concerns.

Some of the big names that bowed out of the event include Microsoft, Twitter, Alphabet, Intel, BMW, Mercedes, Waymo, T-Mobile, Amazon, General Motors, Meta and Lenovo. They have either completely withdrawn and opted for online-only participation or have reduced their physical presence.

“I am sorry we will miss seeing everyone at CES this year, but we are prioritising the safety of our team and other attendees,” T-Mobile’s chief executive Mike Sievert said on Twitter.

Alphabet-owned Waymo said that based on the rapidly rising Covid-19 infection rates, the company had made "the difficult decision not to participate in person at CES … the safety and well-being of our team is top of mind for us”.

The US on Monday reported more than one million new Covid-19 cases, setting yet another grim global record, as the Omicron variant continues to spread across the country.

On Monday, the White House's top infectious disease expert Dr Anthony Fauci said that the peak may be weeks away.

But since a streak of cancellations over the past few weeks, 143 new companies have signed up to exhibit in person, the CTA said.

“Over 2,200 exhibitors are confirmed to exhibit in person at CES 2022. In the last two weeks, 143 additional companies have signed up to exhibit in person.

“Construction of exhibitors’ show floor space is well under way and soon attendees will be able to see and experience the latest tech innovations,” it said.

With 11 official venues, CES spans more than 148 thousand net square metres of exhibit space. Venues are grouped into three geographical areas – Tech East, Tech West and Tech South.

The first CES was held in New York City in 1967. Since then, it has become one of the most critical events for the technology industry, attracting tens of thousands of visitors and serving as a platform to introduce important new products and innovations.

In January 2000, about 170,000 people attended in Las Vegas.

John Deere chief technology officer Jahmi Hindman delivers a speech in front of one of the latest autonomous tractors during a press conference at the CES Unveiled in Las Vegas on Tuesday. EPA
John Deere chief technology officer Jahmi Hindman delivers a speech in front of one of the latest autonomous tractors during a press conference at the CES Unveiled in Las Vegas on Tuesday. EPA

Visitors to CES must be fully vaccinated against Covid-19 and be prepared to show proof of vaccination status to pick up a badge to gain access to the event.

Badges can be picked up at McCarran International Airport.

CES will give visitors one complimentary Abbott BinaxNOW Covid-19 Antigen Self Test kit, provided by Abbott, when they collect their badge.

CTA has reminded visitors via its website to test for Covid-19 before departing for Las Vegas and within 24 hours of entering a CES venue.

Those that are unable to travel to Las Vegas have the possibility of joining digitally.

Digital registration will grant access to more than 40 live-streamed conference sessions, presentations, select press conferences and the ability to engage with exhibitors at CES. Registration information can be found here.

RESULTS

Mumbai Indians 181-4 (20 ovs)
Kolkata Knight Riders 168-6 (20ovs)

Mumbai won by 13 runs

Rajasthan Royals 152-9 (20 ovs)
Kings XI Punjab 155-4 (18.4 ovs)

Kings XI Punjab won by 6 wickets

The British in India: Three Centuries of Ambition and Experience

by David Gilmour

Allen Lane

JOKE'S%20ON%20YOU
%3Cp%3EGoogle%20wasn't%20new%20to%20busting%20out%20April%20Fool's%20jokes%3A%20before%20the%20Gmail%20%22prank%22%2C%20it%20tricked%20users%20with%20%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fmentalplex%2F%22%20target%3D%22_blank%22%3Emind-reading%20MentalPlex%20responses%3C%2Fa%3E%20and%20said%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fpigeonrank%2F%22%20target%3D%22_blank%22%3E%20well-fed%20pigeons%20were%20running%20its%20search%20engine%20operations%3C%2Fa%3E%20.%3C%2Fp%3E%0A%3Cp%3EIn%20subsequent%20years%2C%20they%20announced%20home%20internet%20services%20through%20your%20toilet%20with%20its%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Ftisp%2Finstall.html%22%20target%3D%22_blank%22%3Epatented%20GFlush%20system%3C%2Fa%3E%22%2C%20made%20us%20believe%20the%20Moon's%20surface%20was%20made%20of%20cheese%20and%20unveiled%20a%20dating%20service%20in%20which%20they%20called%20founders%20Sergey%20Brin%20and%20Larry%20Page%20%22%3Ca%20href%3D%22https%3A%2F%2Farchive.google%2Fromance%2Fpress.html%22%20target%3D%22_blank%22%3EStanford%20PhD%20wannabes%3C%2Fa%3E%20%22.%3C%2Fp%3E%0A%3Cp%3EBut%20Gmail%20was%20all%20too%20real%2C%20purportedly%20inspired%20by%20one%20%E2%80%93%20a%20single%20%E2%80%93%20Google%20user%20complaining%20about%20the%20%22poor%20quality%20of%20existing%20email%20services%22%20and%20born%20%22%3Ca%20href%3D%22https%3A%2F%2Fgooglepress.blogspot.com%2F2004%2F04%2Fgoogle-gets-message-launches-gmail.html%22%20target%3D%22_blank%22%3Emillions%20of%20M%26amp%3BMs%20later%3C%2Fa%3E%22.%3C%2Fp%3E%0A
The specs: 2019 Mini Cooper

Price, base: Dh141,740 (three-door) / Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) / 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) / 192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) / 280Nm @ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km

India squad for fourth and fifth Tests

Kohli (c), Dhawan, Rahul, Shaw, Pujara, Rahane (vc), Karun, Karthik (wk), Pant (wk), Ashwin, Jadeja, Pandya, Ishant, Shami, Umesh, Bumrah, Thakur, Vihari

The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20OneOrder%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20March%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Tamer%20Amer%20and%20Karim%20Maurice%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E82%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Series%20A%3C%2Fp%3E%0A
GOODBYE%20JULIA
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMohamed%20Kordofani%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ESiran%20Riak%2C%20Eiman%20Yousif%2C%20Nazar%20Goma%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

While you're here
Pakistan v New Zealand Test series

Pakistan: Sarfraz (c), Hafeez, Imam, Azhar, Sohail, Shafiq, Azam, Saad, Yasir, Asif, Abbas, Hassan, Afridi, Ashraf, Hamza

New Zealand: Williamson (c), Blundell, Boult, De Grandhomme, Henry, Latham, Nicholls, Ajaz, Raval, Sodhi, Somerville, Southee, Taylor, Wagner

Umpires: Bruce Oxerford (AUS) and Ian Gould (ENG); TV umpire: Paul Reiffel (AUS); Match referee: David Boon (AUS)

Tickets and schedule: Entry is free for all spectators. Gates open at 9am. Play commences at 10am

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

Aayan%E2%80%99s%20records
%3Cp%3E%3Cstrong%3EYoungest%20UAE%20men%E2%80%99s%20cricketer%3C%2Fstrong%3E%3Cbr%3EWhen%20he%20debuted%20against%20Bangladesh%20aged%2016%20years%20and%20314%20days%2C%20he%20became%20the%20youngest%20ever%20to%20play%20for%20the%20men%E2%80%99s%20senior%20team.%20He%20broke%20the%20record%20set%20by%20his%20World%20Cup%20squad-mate%2C%20Alishan%20Sharafu%2C%20of%2017%20years%20and%2044%20days.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20wicket-taker%3C%2Fstrong%3E%3Cbr%3EAfter%20taking%20the%20wicket%20of%20Bangladesh%E2%80%99s%20Litton%20Das%20on%20debut%20in%20Dubai%2C%20Aayan%20became%20the%20youngest%20male%20cricketer%20to%20take%20a%20wicket%20against%20a%20Full%20Member%20nation%20in%20a%20T20%20international.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20in%20T20%20World%20Cup%20history%3F%3C%2Fstrong%3E%3Cbr%3EAayan%20does%20not%20turn%2017%20until%20November%2015%20%E2%80%93%20which%20is%20two%20days%20after%20the%20T20%20World%20Cup%20final%20at%20the%20MCG.%20If%20he%20does%20play%20in%20the%20competition%2C%20he%20will%20be%20its%20youngest%20ever%20player.%20Pakistan%E2%80%99s%20Mohammed%20Amir%2C%20who%20was%2017%20years%20and%2055%20days%20when%20he%20played%20in%202009%2C%20currently%20holds%20the%20record.%3C%2Fp%3E%0A

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.”

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

INFO

What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Updated: January 05, 2022, 8:09 AM