Khaled Al Ameri is fortunate to be earning Dh26,000 (Emirati public-school teachers 'will quit over work appraisals', July 31). From my knowledge, many teachers in mainstream and special-needs schools in this country are earning less than Dh6,000. I know some special educators who get Dh3,500 a month. With such low income, it is understandable that most teachers quit.
Gaby Priestley, Abu Dhabi
Why should a qualified teacher with a masters or a doctoral degree take less than half the salary she or he can get doing another job?
Being a teacher is hard work. They are educating future, so they should be treated with respect and given proper salaries.
If this issue is not looked into, this country will face a serious shortage of teachers.
Sandra Alsayed, Abu Dhabi
I dream of earning Dh26,000 and I am in the banking sector working more than nine hours a day.
Kristina Margit, Dubai
Expatriates benefit country in many ways
The headline Expats using business loophole to stay in UAE after retirement (July 31) may convey a negative impression about the expatriate community, but this phenomenon is beneficial for the country.
Many expatriates who have been in this country for a long time consider it to be their home with their families and children wanting to settle here. They are ready to invest their lifetime of savings in this country. They feel that the UAE is a safe country to live.
This is the case in most developed countries that encourage expatriates to invest in return for residence visas.
Ramesh Menon, Abu Dhabi
There ought to be an easier way to stay here in the near future. Business loopholes are not sustainable over the long term – retirement funds ought to be used for retirement and not to try to stay in a country with “rules” that doesn’t benefit anyone.
Carla Botha, US
Bleak prospect for oil recovery
I refer to the report Oil price recovery, Expo 2020 to provide impetus for UAE economic growth, Meed report says (August 1). Unfortunately, oil prices are still falling as some of the production that was temporarily disrupted comes back online. There has been some upward movement in the rig count in the US, but it is nowhere near the pre-2014 level and it's doubtful that it will cross the 500 mark this year.
West Texas Intermediate has moved closer to $40 with Brent not far behind. There is still considerable inventory overhang that impacts the supply side. The chief executive of Anadarko Petroleum Corporation has forecast that prices will increase to $60 in 2017 based on stronger demand.
I think new production will take some time as oil companies slashed their capex budgets by some $300 billion, meaning there was almost no exploration. Deepwater wells will take on average five to six years to develop, so hopefully this will impact the supply side.
Governments of oil producing nations need to take a conservative approach to oil pricing and instead manage public spending very carefully and focus on diversification in the non-oil sector.
Randall Mohammed, Dubai
Reem clamours for a park
Regarding the news report Abu Dhabi's $1bn Reem Mall project set to be built by Al Futtaim Carillion (August 1), I'd hoped for something so much more interesting on Reem Island (which just seems to move from mediocre to dull at a blistering pace). Where's the park, for example? Not a single person living on Reem would like to get out of their homes and take their children to the park? A park where the "community" is supposed to meet, share, innovate, talk?
John Laing, Abu Dhabi
Our legal columnist
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
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
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Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
