Employers across Dubai have spoken of how flexible working conditions are essential and here to stay. Photo: Unsplash
Employers across Dubai have spoken of how flexible working conditions are essential and here to stay. Photo: Unsplash
Employers across Dubai have spoken of how flexible working conditions are essential and here to stay. Photo: Unsplash
Employers across Dubai have spoken of how flexible working conditions are essential and here to stay. Photo: Unsplash

Flexible working should no longer be 'optional extra' for companies in Dubai, experts say


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Employers need to realise that offering remote and flexible working conditions is essential rather than simply an added bonus, business leaders have warned.

Their comments come after Dubai Government released a statement saying the adoption of remote and flexible working conditions was vital for public and private sectors. The adoption of remote work and flexible hours by the government and private sectors was described by the emirate's media office as "a necessity and a basic need".

The National spoke to experts who echoed that sentiment, saying remote working could no longer be treated simply as a preference and that firms that fail to adopt it risk being left behind.

Those focusing solely on in-office work and non-flexible working time will not get access to the same pool of talent
Mareva Koulamallah,
Marevak Consulting

"In the long-run, those focusing solely on in-office work and non-flexible working time will not get access to the same pool of talent," said Mareva Koulamallah, founder and chief executive of Marevak Consulting. "I have been working remotely for almost seven years, and I would not look back and do anything different; this has allowed me to create so much more for myself and the people around me.

"It's about trusting the people you work with and giving them the tools to be more efficient, while feeling fulfilled. Micro-managing and monitoring someone's entire life has never worked, especially in the long run."

The Dubai Government remarks were included in an announcement about the results of surveys showing flexible and remote-working policies can ease congestion on Dubai roads, cutting peak-hour traffic by up to 30 per cent.

"The adoption of remote work and flexible working hours by the government and private sectors is a necessity and a basic need to provide a flexible work environment that achieves comfort and safety for employees and enhances their quality of life," the government's media office said.

The surveys, which were conducted by the Roads and Transport Authority (RTA) and the Dubai Government Human Resources Department looked at how flexible working hours, with a two-hour start window, and four to five days of remote working per month across both the private and public sectors in Dubai, affects traffic.

Mounting evidence

Despite wide motorways, a vast road network and a toll gate system, a population boom has made it difficult to get around Dubai. Antonie Robertson / The National
Despite wide motorways, a vast road network and a toll gate system, a population boom has made it difficult to get around Dubai. Antonie Robertson / The National

"All the evidence and research is showing that hybrid working has many benefits and should be considered anyway for health, well-being and performance," said Natasha Hatherall-Shawe, chief executive of Dubai marketing company TishTash, whose company offers staff a four and half day working week, with three days in the office.

"Most companies I know are already offering some flexible working and I’d go as far as to say it’s becoming a must have for most, rather than a nice to have. For us, this is business as usual now, and we expect it to remain the case and evolve as we need to over time. I don’t see us changing it or reducing any aspect as I feel we have the blend right."

It was only last week that Dubai was named as the best city in the Middle East and North Africa, as well as the fifth best globally, in the Brand Finance Global City Index. Part of the criteria were the remote working options offered by cities.

Mita Srinivasan, founder of Market Buzz International consultancy, said she hoped the survey showing the positive impact of remote working on Dubai traffic would make those companies reluctant to adopt flexible work practices think twice.

"The survey by [the] RTA highlights benefits like reduced traffic and better work-life balance," she said. "I hope many companies will take note, especially in an ever-evolving work culture like Dubai’s. It’s a smart move for any business looking to modernise how they operate.

"As a PR team, we can work from anywhere as long as we have a laptop, internet and a mobile phone. For us, it was about balancing costs, managing resources efficiently and giving the team the freedom to work from home instead of dealing with daily commuter traffic. I felt that a flexible work model would allow everyone to focus on their tasks without the added stress of rush hour – it’s better for productivity and well-being. It also helped with costs."

She said seeing the positive outcomes of flexible work being supported by local initiatives and government discussions was reaffirming.

Less time wasted

The first of the RTA surveys covered 644 companies with more than 320,000 employees, while the second surveyed 12,000 employees from the private sector. It found 32 per cent of private firms were currently introducing remote work policies, with a further 58 per cent of companies expressing a readiness to expand remote work. Additionally, 31 per cent of companies have introduced flexible working hours, with a potential expansion possible for 66 per cent of those not currently applying the policy.

Another employer said spending less time stuck in traffic was a key benefit of working remotely.

"My team and I are so much more productive on WFH days as you can just focus on work rather than getting ready and driving/travelling," said Shraddha Barot Amariei, founder and chief inspiration officer of White Label Media.

"I stopped driving due to the time I was wasting in traffic and get more done in a taxi, so I definitely vouch for this working model, running eight companies with two small kids. It’s sad to see people still don’t have faith in employees working from home."

Way forward

Sawsan Ghanem, joint managing director of Active Digital Marketing Communications, said her team members felt empowered when they adopted a four-day working week model.

"The main motivation is to provide our team with a work-life balance," she said. "With work-life balance, productivity is impacted positively. It’s definitely the way forward."

Another firm that has adopted a flexible working model is insurance company Zurich Middle East. Staff here can work from home two days a week and spend 25 days working abroad.

Mareva Koulamallah, founder and chief executive at Marevak Consulting, said remote working had allowed her to 'create so much more for myself and the people around me'. Photo: Marevak Consulting
Mareva Koulamallah, founder and chief executive at Marevak Consulting, said remote working had allowed her to 'create so much more for myself and the people around me'. Photo: Marevak Consulting

"We anticipate continuing this hybrid model of work because it has been rewarding to align employee motivation with business objectives," said Celeste Green, head of human resources. "I believe most firms will follow Dubai's example since, according to the results of recent surveys, businesses are ready to adopt flexible work arrangements.

"This trend tends to be very aware that employee well-being and providing a hybrid and flexible working model is integral to organisational success. Flexible work arrangements make attracting and retaining the best talent easier and more economically viable, particularly in line with Emiratisation."

A senior figure from an HR advisory firm said there were still challenges, however, that needed to be overcome.

"As remote work grows, the challenge of preserving company culture and engagement also intensifies," said Nikhil Nanda, director at Innovations Group UAE. "Businesses must adopt tailored strategies, recognising that certain roles, like finance and HR, may still require hands-on supervision to maintain productivity and cohesion.”

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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.”

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The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

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Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer

 

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura

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Conversions: B Barrett
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British & Irish Lions 15
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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

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1 Man City    26   20   3   3   63   17   63 

2 Liverpool   25   17   6   2   64   20    57 

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4 Man Utd    26   13   7  6   44   34    46 

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6 Arsenal      23  13   3   7   36   26   42 

7 Wolves       24  12   4   8   23   18   40 

8 Tottenham  23  12   4   8   31   31   39  

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Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

The specs
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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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Updated: November 13, 2024, 6:41 AM