An organisation in Abu Dhabi is on a mission to empower people with disabilities and help them to advance in the workplace.
The Butterfly, an advocacy group, is helping to answer the call of disabled people eager to bolster their independence. The group also wants to ensure that businesses are ready to deliver on pledges to be inclusive.
Marilena di Coste, who founded the group, said it was vital for companies to adopt an open-minded approach to integrate staff members of all backgrounds.
The Butterfly recently launched its Inclusive Employment Ecosystem to achieve this goal, with leading companies backing the project.
“Almost every week I get a call from a parent or a person of determination asking for help in finding work," Ms di Coste said.
My dream is to see a beautiful movement where we can all work together
Marilena di Coste
"It isn’t enough for companies to say that they are inclusive. We want them to walk the talk. We give them a road map to follow and measure outcomes. We also have tailored solutions.
Working together for shared vision
“Every company tries to do its best on its own, which is great, but we think more good can happen if everyone can join forces — to join forces not only at a corporate level but to foster a dialogue with the public sector as well.
“We are trying to connect the private sector, the public sector and the authorities together because if we come across something that requires a legislative change, then it can be done quickly.
"It doesn’t have to be fragmented. My dream is to see a beautiful movement where we can all work together to care for people of determination.”
The Butterfly charges an an annual leadership fee and every month holds online seminars and discussions to support employers in catering for disabled workers.
Their first members were major employers Siemens Energy, e& and Standard Chartered.
Ms di Coste has witnessed the progress made in promoting the rights of people of determination in recent years.
She moved to the Emirates in 2011, determined to support people with disabilities.
She hit some bumps in the road initially, before making a significant breakthrough in 2019.
“All I can say, is that the market wasn’t ready but I was determined and I persisted,” she said.
The Butterfly won key funding in 2019 from a social incubator programme operated by Maan, the Authority of Social Contribution.
This was established by the Department of Community Development in Abu Dhabi to encourage the development of concepts and start-up projects that help people with disabilities tackle the issues they face in their communities.
“I chose the term 'butterfly' because when it flaps its wings at one part of the world, it creates a ripple in another part of the world,” Ms di Coste said.
The Butterfly is a “one-stop shop” for people of determination and their families, she said.
The group offers guidance to people and companies on the best ways to support and include people of determination.
“Say you have a child who was involved in a car crash and had sustained a brain injury and you don’t know what to do. We can support you and guide you, instead of going left and right,' she said.
It also supports parents by helping them with school applications.
“We will give you a list of inclusive schools and if you are rejected then we will go with you,” she said.
“We add voice to people who are vulnerable and are the link between them and the authorities.”
There are 180 families registered with The Butterfly. The children of about 80 per cent of them have autism.
In April 2021, the Cabinet approved the National Policy for People with Autism, in line with wider efforts to support people with disabilities.
The policy set out ways to provide people with autism with easy access to services, to ensure their inclusion in education and wider society, and to train more qualified professionals while bolstering community awareness.
The policy comprises 14 initiatives across five pillars — diagnosis, health care, human resources, inclusive education, and community awareness and empowerment.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said the emirate was focused on delivering the “highest quality of services” to people with disabilities after visiting the Dubai Autism Centre in March.
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
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Profile of Bitex UAE
Date of launch: November 2018
Founder: Monark Modi
Based: Business Bay, Dubai
Sector: Financial services
Size: Eight employees
Investors: Self-funded to date with $1m of personal savings
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- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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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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Lily Allen
(Parlophone)
MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
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Game is on BeIN Sports
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England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
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Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
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Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.