12 Emirates tells the stories of unsung heroes. Courtesy Sara Al Madani
12 Emirates tells the stories of unsung heroes. Courtesy Sara Al Madani
12 Emirates tells the stories of unsung heroes. Courtesy Sara Al Madani
12 Emirates tells the stories of unsung heroes. Courtesy Sara Al Madani

New desk calendar charts stories of inspirational Emirati women


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For a Polish resident of the UAE Kate Siuda, it took becoming friends with two accomplished Emiratis to realise just how off-base her perception of Emirati women was.

The two women in question? Sara Al Madani, 31, and her friend and business partner, Haleema Al Owais, 34. “She always had the wrong impression about the women in this country,” recalls Al Madani. “The typical stereotype. And then when she became friends with me and Haleema, she realised that she had it all wrong. That the women in the UAE are the most productive women she’s met in her whole life, and she’s travelled all over the world.”

Once her mind was opened, the 32-year-old Siuda, who runs a logistics consultancy, wanted to get the message out to anyone else who might have been similarly misinformed. “We sat down and we were all brainstorming, and we were like: ‘What about if we shed light on unsung heroes?’” says Al Madani. “All these women in the UAE who have done so much, who have changed their lives and the lives of the women around them. But nobody knows who they are.”

They came up with the idea of a desk calendar (appropriate because, “we are all very organised, because we are businesswomen,” says Al Madani) that would dedicate each month to the unknown story of an inspiring Emirati woman. “And the whole month is dedicated to her,” says Al Madani. “So there’s 30 questions spread out over the whole month, there’s a bio, there’s quotes that every day you can write in your journal or your calendar; you can be inspired by them.” 

The spine of 12 Emirates 2018 calendar. Courtesy Sara Al Madani
The spine of 12 Emirates 2018 calendar. Courtesy Sara Al Madani

The cover is beautiful, with an abstract depiction of a woman wearing a burqa. Inside are stories that the trio spent three months finding, often through word of mouth. “These kinds of people, you don’t find them on social media or online, because they are unsung heroes, so we had to go talk to people in Abu Dhabi, Al Ain, Fujairah to find these stories,” says Al Madani. “We found a lot of great stories, but we picked the ones that were least known by name, but huge in their accomplishments.”

Ahead of its National Day launch, the trio are only releasing hints about who these women are. One was the first in her family to go away to a mixed university, only to have to grieve the deaths of her aunt’s family during those tough first few months at school, says Al Madani. Then, before graduating, that same woman got into a terrible accident. She took her finals from a wheelchair, and had to learn how to walk and write again with the help of physiotherapy. 

There is an artist who bucked tradition by marrying an Italian man, and poured the emotion from leaving her culture behind into her paintings, and also a parkour athlete who had to fight back to her sport after undergoing major surgery on a broken hand. 

The goal, Al Madani explains, is to celebrate the hardships behind the accomplishments, and for the diary to serve as a source of strength and guidance for each owner.

“I want this calendar to inspire women every single day because to me, to create your dreams and create a business, or to be somebody, it’s not technical things, it’s more emotional things, it’s an emotional journey,” says Al Madani. “And this book will prepare you emotionally for it. Every day there’s a question, every day there’s an answer; there’s an inspiration in every single thing.”

It's no wonder Al Madani and Al Owais, who runs her family's construction company, changed Siuda's mind. Friends for years, the pair are also business partners in the Mamzar-based café, Sharbarbush.

Al Madani runs Sara Al Madani Fashion (formerly Rouge Couture); is a partner in a tech and production company in Los Angeles; has a creative consultancy; and is the youngest member on commerce boards in Sharjah and Dubai. She’s also a single mother to two-year-old Maktoum. So no Netflix binging on weekends for her, then? 

“No, it would kill me!” she says. “I always tell my friends, if I could have 48 hours in a day I would take them in a heartbeat.”

The 12 Emirates calendar will be available to buy from December 2. See the 12 Emirates Instagram page for details on where to order online and buy it in stores. Or pre-order through info@12emirates.com

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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

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