• Sharjah's leaders set out the new four-day working week on the same day they launched a new winter tourism campaign. 'Find Your Sharjah' seeks to attract visitors with special hotel packages and day trips. All photos: Sharjah Commerce and Tourism Development Authority
    Sharjah's leaders set out the new four-day working week on the same day they launched a new winter tourism campaign. 'Find Your Sharjah' seeks to attract visitors with special hotel packages and day trips. All photos: Sharjah Commerce and Tourism Development Authority
  • Buhais Geological Park looks more like the Martian landscape than sunny Sharjah. This cluster of science buildings is built on a former seabed that runs through an area of great geological significance.
    Buhais Geological Park looks more like the Martian landscape than sunny Sharjah. This cluster of science buildings is built on a former seabed that runs through an area of great geological significance.
  • Sharjah's 10-week winter tourism campaign challenges visitors to explore everything the emirate has to offer.
    Sharjah's 10-week winter tourism campaign challenges visitors to explore everything the emirate has to offer.
  • Sharjah's east coast and mountain areas offer a glimpse of a different side of the emirate.
    Sharjah's east coast and mountain areas offer a glimpse of a different side of the emirate.
  • Outdoor adventures are highlighted in Sharjah's 10-week tourism campaign.
    Outdoor adventures are highlighted in Sharjah's 10-week tourism campaign.

Sharjah to adopt three-day weekend


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Sharjah's public sector will adopt a four-day working week and a three-day weekend - giving employees an extra half day off than the rest of the country.

Sharjah's Executive Council announced the decision on Thursday. It will come into effect on January 1, 2022.

Employees will work from 7.30am to 3.30pm, which is 60 to 90 minutes longer than they do at present.

The decision follows the federal government's landmark shift to a Saturday-Sunday weekend, with a half day of work on Friday. The UAE's labour minister said the private sector will receive no official instruction to make the change, and can do so at their own discretion.

It makes Sharjah's government sector the first in the Gulf and Middle East to fully adopt a four-day working week. Dubai, Abu Dhabi, Ras Al Khaimah and Fujairah's local governments have all committed to a 4.5 day working week.

Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah, announced the move after instructions from the Ruler of Sharjah.

Schools throughout the country are already braced for the new Monday to Friday working week, with schools expected to open with a new timetable on Monday, January 3. There is an extra national holiday on Sunday, January 2, 2022.

'More quality family time'

Sheikha Tariq, an Emirati public sector employee, told The National she and her colleagues were elated by the news.

She said it was clear that more work will have to be got through during the working week in return for the extra time off.

“This will not only give us more time to spend with our families in a way that will boost the emirate’s efforts of preserving the family unit, but will also encourage employees to perform better at work,” she said.

“It's a great decision in terms of more family bonding, religious commitment and increased productivity."

Abdul Jaleel Al Bloushi, who works for a government HR department in the town of Kalba, said employees would need to show they could make a four-day week work.

"You see by the working hours, you will notice they have been extended. And now employees including myself have an incentive to do better performance," he said.

He said many will appreciate the chance to be "more present in the lives of our children and families".

School situation not yet clear

Although it would appear likely that schools could fall in line with government work hours, headteachers said it was too soon to say whether pupils would attend classes on Fridays or not.

The country's public schools, largely attended by Emiratis, are overseen by a federal authority, while Sharjah's private schools are regulated by a local education authority.

Ibraheem Barakeh, director of the Al Shola group of private schools, said there were many factors to consider.

"We haven’t received anything official related to this decision, in terms of the shape of the school week," he said.

"We are eagerly waiting for details in order to be able to coordinate not only the new school week but also what’s connected to it, such as school holidays, final exams in each of the terms.

"We expect all of these factors were taken into consideration before the decision was taken."

Sharjah's ancient Egypt exhibition dazzles visitors - in pictures

  • An interactive exhibition at the Sharjah Archeological Museum teaches children about an ancient Egyptian village where hundreds of craftsmen who worked on and decorated Valley of the Kings tombs lived. All Photos: Ruel Pableo/The National
    An interactive exhibition at the Sharjah Archeological Museum teaches children about an ancient Egyptian village where hundreds of craftsmen who worked on and decorated Valley of the Kings tombs lived. All Photos: Ruel Pableo/The National
  • The focus of the exhibition is the discovery of the 3,400-year-old Deir El Medina village, home to the artisans and craftsmen who built and decorated the royal tombs.
    The focus of the exhibition is the discovery of the 3,400-year-old Deir El Medina village, home to the artisans and craftsmen who built and decorated the royal tombs.
  • Children at the exhibition.
    Children at the exhibition.
  • The exhibition teaches children about royal tombs, pharaohs and life in ancient Egypt.
    The exhibition teaches children about royal tombs, pharaohs and life in ancient Egypt.
  • Visitors learn about major archaeological discoveries through workshops, hands-on activities and touchscreen games.
    Visitors learn about major archaeological discoveries through workshops, hands-on activities and touchscreen games.
  • The exhibition was organised by Sharjah Museums Authority in partnership with the Egyptian Museum in Turin, Italy.
    The exhibition was organised by Sharjah Museums Authority in partnership with the Egyptian Museum in Turin, Italy.
  • The exhibition tells the story of the builders, artists, and painters who worked on Egypt’s pharaohs’ tombs in 1,500 BC.
    The exhibition tells the story of the builders, artists, and painters who worked on Egypt’s pharaohs’ tombs in 1,500 BC.
  • "We are proud to organise this first-of-its-kind children's exhibition. It helps our young audience to explore the rich ancient Egyptian history and learn about archaeology,” said Manal Ataya, director general of SMA.
    "We are proud to organise this first-of-its-kind children's exhibition. It helps our young audience to explore the rich ancient Egyptian history and learn about archaeology,” said Manal Ataya, director general of SMA.
  • Short movies are played on large screens about the Deir El-Medina village, the excavation missions that led to its discovery, and methods of restoring and preserving artefacts.
    Short movies are played on large screens about the Deir El-Medina village, the excavation missions that led to its discovery, and methods of restoring and preserving artefacts.
  • Children use mock-up excavation tools and are introduced to techniques used by archaeologists.
    Children use mock-up excavation tools and are introduced to techniques used by archaeologists.
  • Christian Greco, director of the Egyptian Museum in Italy, said: "The exhibition allows children and their families to remotely visit one of the most iconic sections of the Egyptian Museum’s collection."
    Christian Greco, director of the Egyptian Museum in Italy, said: "The exhibition allows children and their families to remotely visit one of the most iconic sections of the Egyptian Museum’s collection."
  • The Sharjah Archeological Museum.
    The Sharjah Archeological Museum.
  • The exhibition runs until August 31, 2022.
    The exhibition runs until August 31, 2022.
  • The Sharjah Archeological Museum.
    The Sharjah Archeological Museum.
  • Children learn how to restore objects as part of the exhibition.
    Children learn how to restore objects as part of the exhibition.
  • The exhibition helps its young visitors gain an insight into archeology.
    The exhibition helps its young visitors gain an insight into archeology.
  • Ancient Egypt is brought to life at the exhibition.
    Ancient Egypt is brought to life at the exhibition.
  • A child uses a touchscreen to learn about Ancient Egypt.
    A child uses a touchscreen to learn about Ancient Egypt.
  • Children can enjoy a variety of hands-on activities.
    Children can enjoy a variety of hands-on activities.
  • Displays help young viewers learn about Egyptian history.
    Displays help young viewers learn about Egyptian history.
  • Children can also learn about the history of Ancient Egypt.
    Children can also learn about the history of Ancient Egypt.

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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Updated: December 09, 2021, 2:52 PM