The UAE has called for remote work and distance learning to be implemented on Thursday and Friday as the country prepares for heavy rain and thunder.
The National Emergency Crisis and Disaster Management Authority on Wednesday issued the guidance for all schools and universities and the public and private sector.
Weather-related directives were then issued by authorities in each emirate which followed NCEMA's instructions.
The crisis authority said remote-working measures would apply to all staff, except those required to be physically present.
All roads leading to flood-hit areas should be closed in an effort to limit the impact of the adverse weather, the authority stated.
The Ministry of Human Resources and Emiratisation advised private sector companies to apply flexible and remote work patterns on Thursday.
Distance learning had already been announced for all private schools in Dubai and Sharjah on Thursday and Friday because of expected extreme weather.
Officials announced that all government schools in the UAE would similarly introduce remote learning on both days.
However, key exams at some schools will still go ahead in-person, The National has learnt.
Heavy rainfall, thunder and lightning are forecast for parts of the UAE this week.
“With unstable weather predicted, all Dubai private schools, nurseries, and universities must offer distance learning on Thursday, May 2 and Friday, May 3,” the Knowledge and Human Development Authority posted on X.
Sharjah authorities confirmed on Wednesday that all schools and universities in the emirate would also adopt distance learning on Thursday.
Government employees in the emirate will work remotely on Thursday, with the exception of those in roles that require a physical presence, Sharjah's government media office said.
The directive only covers Thursday as Sharjah operates a four-day week, in which schools and government departments are closed on Fridays.
Public parks will be closed on both days as a safety precaution.
The National Centre of Meteorology said stormy weather would hit parts of the country from Wednesday night until Thursday evening.
“[There will be] moderate to heavy rain in scattered areas with lightning and thunder at times, with the possibility of some hail, starting in the west on Wednesday night and extending over most regions of the country on Thursday,” the NCM said, according to state news agency Wam.
The NCM also said winds would reach speeds of 65kph on Thursday.
The National Emergency Crisis and Disaster Management Authority has held meetings to prepare for the expected weather.
The authority said, on X, that it was “studying and evaluating the weather and their implications for areas that may be affected”.
Strict adherence to safety protocols was essential, said NCEMA, especially in areas prone to heavy rainfall.
But NCM meteorologist Esraa Al-Naqbi told The National the current weather is typical and does not compare with the storm in April that brought much of the country to a standstill.
She said that, in contrast, the weather is only a single wave beginning on Wednesday evening which is set to cover the entire country on Thursday. It has been classified as moderate while the previous storm was considered moderate to strong.
Heavy rain hits Dubai and Abu Dhabi – in pictures
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%20Profile
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Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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%20Roundup
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