Readers welcome the opening of a new Armenian church in Abu Dhabi. Wam
Readers welcome the opening of a new Armenian church in Abu Dhabi. Wam
Readers welcome the opening of a new Armenian church in Abu Dhabi. Wam
Readers welcome the opening of a new Armenian church in Abu Dhabi. Wam

Finding the right balance with labour laws


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Regarding your report, UAE domestic staff passports 'must not be kept by sponsors' (May 8), the situation is a difficult one. There must be some kind of guarantee for the sponsor that domestic staff will not run away from the job.

With such a system in place, the sponsor knows that domestic staff will think twice before running away.

Most domestic staff don't care about their legal paperwork in the first place.

This story raises another important point. The large majority of domestic staff are treated well.

It is only negative stories like this one that make it into the newspapers. That is why so many people believe that there is a serious problem in the domestic service sector.

The public must be educated about the reality of the domestic service sector.

Kristina Margit, Abu Dhabi

Domestic workers should be able to hold on to their own passports.

But employers do require stronger laws and protections against people fleeing the country.

If an employee absconds, then they have to face the never ending nightmare of cancellations, absconding reports and the waiting game that can take months by themselves without any assistance.

This process will also cost a lot of money and when all is said and done, the employee will have to pay for their flight ticket home. There is too much pressure on employers under the current system.

Aziza Al Busaidy, Dubai

I have a simple question after reading this story. Would you feel OK about your employer holding on to your passport?

If the idea makes you feel uncomfortable then there has to be some discussion about this practice.

Maria Stenstrand, Dubai

I understand the perspective of the Ministry of Labour. From the point of view of labour rights, there must be a balance between the concerns of the employer and the employee.

The major problem is fleeing employees. If there were better protections for employers that make it more difficult to flee the country, then these workers could hold on to their own passports. It would be a win-win situation for everyone.

Bashir Yusuff, Abu Dhabi

It is a good decision to allow domestic staff to hold on to their passports. There are so many pressures on domestic staff, so I hope that the Ministry of Labour takes these complaints seriously. They must take any violation seriously to make sure the practice stops.

Habib Rahim Hazim, Dubai

This law has been enforced for decades, and has made the UAE labour market one of the best in the Middle East.

Ahmed Aziz, Abu Dhabi

Taxes would hurt the country

I fear that the introduction of personal income tax would hurt the economy. Many businesses would leave the country and the result would be empty offices and empty malls.

Few people would be able to afford income tax on top of the other taxes associated with living here. We must refine the existing taxes to stay economically strong.

Gert Ditlevsen, Dubai

I found your story about personal income tax fascinating (History has lessons for UAE personal income tax, May 7).

While foreign residents of the country are not entitled to any special benefits because they are not citizens, there are some measures that the Government can take to close the distance in the cost of services for locals and expatriates.

For example, the cost of visas for domestic workers like maids could be brought down for expatriates. The cost for a maid's visa is close to Dh10,000 for a foreigner while it is much lower for an Emirati.

I could be wrong about the exact cost but bringing the cost down and closing the gap would help foreign residents and create more jobs.

Githa Ulfe, Dubai

Church shows our respect

I am excited by the opening of the Armenian church in Abu Dhabi (Sheikh Nahyan opens Armenian church in Abu Dhabi, May 7). The new church demonstrates how the UAE respects peace and coexistence.

It is a great message of peace for the region and the world.

Youri Hong, Dubai

This new church shows why many people have come to love and respect the UAE. Because we respect each other and our beliefs.

Edwin Noble, Abu Dhabi

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.”

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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The National selections

Al Ain

5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura​​​​​​​
7pm: AF Arrab​​​​​​​
7.30pm: Al Jazi​​​​​​​
8pm: Futoon

Jebel Ali

1.45pm: AF Kal Noor​​​​​​​
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh​​​​​​​
3.45pm: Bawaasil​​​​​​​
4.15pm: Initial
4.45pm: Tafaakhor

Timeline

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

COMPANY%20PROFILE
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Schedule
%3Cp%3E%3Cstrong%3ENovember%2013-14%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Youth%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2015-16%3A%20%3C%2Fstrong%3EAbu%20Dhabi%20World%20Masters%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2017-19%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Professional%20Jiu-Jitsu%20Championship%20followed%20by%20the%20Abu%20Dhabi%20World%20Jiu-Jitsu%20Awards%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
GROUPS AND FIXTURES

Group A
UAE, Italy, Japan, Spain

Group B
Egypt, Iran, Mexico, Russia

Tuesday
4.15pm
: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico

UAE currency: the story behind the money in your pockets
Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.