• Egyptian workers carry a crate with decorated candy figures in preparation for Mawlid, marking the birthday of the Prophet Mohammed, in the Al Khalifa district of Cairo. EPA
    Egyptian workers carry a crate with decorated candy figures in preparation for Mawlid, marking the birthday of the Prophet Mohammed, in the Al Khalifa district of Cairo. EPA
  • Relaxing at the beach in Marsa Matruh, about 500 kilometres north of Cairo. EPA
    Relaxing at the beach in Marsa Matruh, about 500 kilometres north of Cairo. EPA
  • Young people on a boat trip in Marsa Matruh. EPA
    Young people on a boat trip in Marsa Matruh. EPA
  • Visitors attend Cairo International Book Fair. EPA
    Visitors attend Cairo International Book Fair. EPA
  • A woman applies patterns on fabric at the workshop of Egyptian batik designer Samar Hassanein in Old Cairo. AFP
    A woman applies patterns on fabric at the workshop of Egyptian batik designer Samar Hassanein in Old Cairo. AFP
  • A warm welcome for Feryal Abdelaziz, the first Egyptian woman to win an Olympic gold medal, at Cairo International Airport. EPA
    A warm welcome for Feryal Abdelaziz, the first Egyptian woman to win an Olympic gold medal, at Cairo International Airport. EPA
  • The Mawlay Ensemble band perform the Mevlevi Sufi dance at El Sawy Culturewheel centre in Cairo. Reuters
    The Mawlay Ensemble band perform the Mevlevi Sufi dance at El Sawy Culturewheel centre in Cairo. Reuters
  • Bread for sale in front of Bab al-Futuh, a 1,000-year-old gate at the northern entrance to the city. Reuters
    Bread for sale in front of Bab al-Futuh, a 1,000-year-old gate at the northern entrance to the city. Reuters
  • A health worker inoculates a student against at a vaccination centre at Cairo University. EPA
    A health worker inoculates a student against at a vaccination centre at Cairo University. EPA
  • Traditional Egyptian street food sold in Al-Darb Al-Ahmar, Cairo. Getty
    Traditional Egyptian street food sold in Al-Darb Al-Ahmar, Cairo. Getty

In Cairo and Beirut, young Arabs struggle as effects of pandemic linger


  • English
  • Arabic

Two years into the Covid-19 pandemic and there is little left unaffected by the outbreak.

While many social gatherings have resumed, with the global distribution of vaccinations, one of the most significant and long-lasting effects has been felt in the international job market. Since March 2020, millions have lost their jobs or seen their work environments change drastically to adapt to a new way of life.

In the Middle East and North Africa, one in three young people said they, or someone in their family, had lost their job due to coronavirus this year.

The figure is a significant rise from the previous year, when one in five young Arabs said they or someone they knew had lost their job as a result of the pandemic.

The findings were published on Tuesday in the ASDA’A BCW Arab Youth Survey, which showed that most, about two thirds of young Arabs, had yet to find another job.

Egypt’s economy was among those deeply affected by the pandemic. The majority of citizens of the Arab world’s most populous country, which relies heavily on tourism for its economic stability, underwent profound changes to their work lives.

Nour, 28, was forced out of her job as a marketing strategist at a local company this year. She said the pandemic created a major division in her workplace with some enforcing preventive safety measures, including mask-wearing and social distancing, and others who were not keen to follow such rules.

Being a member of the former camp, Nour said she quickly found herself ostracised by superiors, who did not respond well to being told how to act in the workplace.

As business began to dwindle and the company started to let staff go, she found herself increasingly being pushed out, even having her desk reassigned to a co-worker, and eventually she felt forced to resign.

  • A Lebanese customer buys prickly pears and figs from a street vendor in the capital Beirut. AFP
    A Lebanese customer buys prickly pears and figs from a street vendor in the capital Beirut. AFP
  • A man looks at university degrees placed by unemployed graduates on a concrete wall set up by Lebanese police to block a road leading to the government palace in downtown Beirut. EPA
    A man looks at university degrees placed by unemployed graduates on a concrete wall set up by Lebanese police to block a road leading to the government palace in downtown Beirut. EPA
  • Barbers shave customers outside their shop after a power cut in Beirut. Reuters
    Barbers shave customers outside their shop after a power cut in Beirut. Reuters
  • Protesters chant slogans during a demonstration outside the American University of Beirut. They object to a decision by some universities to adopt a new dollar exchange rate to set the price of tuition. AFP
    Protesters chant slogans during a demonstration outside the American University of Beirut. They object to a decision by some universities to adopt a new dollar exchange rate to set the price of tuition. AFP
  • Queues for fuel at a petrol station in Beirut amid severe shortages. AFP
    Queues for fuel at a petrol station in Beirut amid severe shortages. AFP
  • A protester uses a wooden board as cover during clashes with Lebanese army and security forces in Beirut, on the first anniversary of the blast that ravaged the port and the city. AFP
    A protester uses a wooden board as cover during clashes with Lebanese army and security forces in Beirut, on the first anniversary of the blast that ravaged the port and the city. AFP
  • Protesters join families of the Beirut blast victims during a symbolic funeral procession, days after the first anniversary of the vast dockside explosion that left more than 200 dead. AFP
    Protesters join families of the Beirut blast victims during a symbolic funeral procession, days after the first anniversary of the vast dockside explosion that left more than 200 dead. AFP
  • Victims' relatives and demonstrators gather in the Lebanese capital before a parliamentary meeting on the investigation into the 2020 blast. AFP
    Victims' relatives and demonstrators gather in the Lebanese capital before a parliamentary meeting on the investigation into the 2020 blast. AFP

“What I learnt from my experience at my last job is that during tough times, nepotism, friendships and other loyalty mechanisms can keep someone in their job even if their efficacy is less than their co-workers,” she said.

As she searches for a new job, Nour said the pandemic has made her reassess her priorities and redefine what she looks for in a role.

“Now, before I consider taking a job, I will inquire about the company culture and their healthcare benefits. The pandemic highlighted the importance of these two things for me."

She is also considering pursing a passion project that she can "grow with time", as many of her friends did during the pandemic.

This entrepreneurial spirit was highlighted in the survey, which showed a quarter of young Arabs would prefer to work for themselves or their family, up from 16 per cent in 2019.

Anwar, 28, studied tourism in the hope that he would work within one of the Egypt's largest sectors. After the 2011 uprising that caused the widespread shutdown of the tourism industry, he was forced to fall back on construction work. He had experience in construction, having taken on odd jobs during his teenage years for extra money.

“I spent a lot of time as a day labourer on construction sites when I was a kid. When I couldn’t find work after the revolution, I thought that the most logical option was to fall back on what I already know how to do,” he said.

After the outbreak of Covid-19, the majority of construction projects ceased, leaving thousands of labourers without jobs, including Anwar.

Anwar, 28, lost his job as a construction worker after the pandemic ceased development projects in Cairo. Kamal Tabikha / The National
Anwar, 28, lost his job as a construction worker after the pandemic ceased development projects in Cairo. Kamal Tabikha / The National

“The streets were lined with day labourers like me who couldn’t find any work. I would see them every morning sitting on the sides of Cairo’s main roads, waiting for any work they could get."

Work has begun to pick up again and many of the old construction sites are operating once more, making Anwar hopeful of better opportunities to come.

In Lebanon, the double effect of severe Covid-19 restrictions that lasted several months and an economic meltdown, now in its second year, has dashed employment opportunities for young people.

The collapse has pushed 78 per cent of the population into poverty, up from 28 per cent in 2019, UN data shows.

Sukaina Younes walks down a Beirut street. Neither her optometry degree nor building skills have landed her any reliable work in months. Elizabeth Fitt for The National
Sukaina Younes walks down a Beirut street. Neither her optometry degree nor building skills have landed her any reliable work in months. Elizabeth Fitt for The National

Sukaina, 25, said the pandemic and the financial crisis have cost her not one but two jobs in the past year.

She lost her job as a fitness instructor after the gym that employed her closed temporarily due to Covid-19 safety measures. A high number of infections discouraged clients from working out at the gym, pushing the management to trim staff numbers.

She began work as an optometrist at a laser eye centre at the beginning of the country's Covid-19 lockdown in January, before losing that job after the value of the Lebanese pound plummeted.

“I had to continue working for free just because I wanted to gain experience and keep busy during the pandemic,” she said.

She has yet to find another job but is now looking for employment abroad, “just to get out of here".

“I no longer have hope in this country, in trying to fix a society that doesn’t want to be fixed," she said.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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

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.

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A
FIXTURES

All times UAE ( 4 GMT)

Friday
Saint-Etienne v Montpellier (10.45pm)

Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)

Sunday
Nice v Strasbourg (5pm)
Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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
Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

The%20Killer
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EDavid%20Fincher%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMichael%20Fassbender%2C%20Tilda%20Swinton%2C%20Charles%20Parnell%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%C2%A0%3C%2Fp%3E%0A
South Africa v India schedule

Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg

ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion

T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
STAGE 4 RESULTS

1 Sam Bennett (IRL) Deceuninck-QuickStep - 4:51:51

2 David Dekker (NED) Team Jumbo-Visma

3 Caleb Ewan (AUS) Lotto Soudal 

4 Elia Viviani (ITA) Cofidis

5 Matteo Moschetti (ITA) Trek-Segafredo

General Classification

1 Tadej Pogacar (SLO) UAE Team Emirates - 12:50:21

2 Adam Yates (GBR) Teamn Ineos Grenadiers - 0:00:43

3 Joao Almeida (POR) Deceuninck-QuickStep - 0:01:03

4 Chris Harper (AUS) Jumbo-Visma - 0:01:43

5 Neilson Powless (USA) EF Education-Nippo - 0:01:45

The years Ramadan fell in May

1987

1954

1921

1888

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

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.”

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
MATCH INFO

Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

Updated: October 17, 2021, 1:34 PM