DUBAI //Police have confirmed that the construction workers who instigated a 3,000-man protest over wage increases at Arabtec are likely to be deported.
“We intend to deport the workers whose involvement is proven,” said Col Mohammed al Mur, director general of the Dubai Police General Department of Legal and Disciplinary Control.
“We cannot keep people here who create disorder,” he said. “Their presence in the country is dangerous and therefore we need to take action against them.”
Seventy Arabtec workers were arrested on Tuesday in connection with the protest, which began two weeks ago. At the time, about 3,000 Arabtec workers went on strike, demanding a salary increase.
The vast majority of workers returned to work yesterday.
Col al Mur said the workers had returned to work without any promises from the company to increase their salaries.
However, a Bangladeshi ambassador said he believed the company had agreed to increase wages by Dh150 per month when renewing the workers’ contracts. Most of the protesting workers are from Bangladesh.
Nazmul Quauanine, the Bangladeshi ambassador to the UAE, said the workers currently receive a basic salary of Dh650 per month.
Mr Quauanine said the majority of the workers had reported back to work yesterday, after the company and most of the labourers reached an agreement.
Arabtec Construction refused to comment, despite repeated requests.
The arrested workersremained in custody, where they were being questioned in relation to inciting a protest and creating trouble at their camp in the Jebel Ali Industrial area.
Col al Mur said: “Depending on the extent of their actual involvement in the disorder, and depending on the veracity of claims that they threatened and coerced their co-workers into not working, we will decide what legal action will be taken against them.”
Negotiations between the workers, the company and authorities have been ongoing since the labour action began.
The colonel said many workers had expressed a desire to go back to work, but claimed this group had prevented them from doing so.
“We had been trying to provide solutions to the problem for the last 10 days,” Col al Mur said.
“We gave workers the option to either go back to work or ask the company to cancel their papers and send them back home. Currently, most of the workers are weighing up these two options.”
Mr Quauanine, the Bangladeshi ambassador, said his consulate had asked police to settle the matter as peacefully as possible within the local legal framework.
“The police must have had a good reason to detain these workers, but we are requesting them to settle the issue peacefully,” he said.
Mr Quauanine also said he believed the workers’ wage increase demands were legitimate, as many of them had reached the end of their contract period.
As per UAE labour law, he said, during the negotiation stage surrounding a new contract, there is scope for labourers to request an increase in wages.
He added, however, that such requests should be done within the legal framework of the UAE.
“The behaviour of some workers might not have been in line with expected norms when negotiating wages, and they might have lost their temper,” he said.
Arabtec workers have previously protested their wages. In November 2007, about 30,000 Arabtec workers went on a 10-day strike to demand a salary hike.
wissa@thenational.ae
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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.”
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
8 UAE companies helping families reduce their carbon footprint
Greenheart Organic Farms
This Dubai company was one of the country’s first organic farms, set up in 2012, and it now delivers a wide array of fruits and vegetables grown regionally or in the UAE, as well as other grocery items, to both Dubai and Abu Dhabi doorsteps.
www.greenheartuae.com
Modibodi
Founded in Australia, Modibodi is now in the UAE with waste-free, reusable underwear that eliminates the litter created by a woman’s monthly cycle, which adds up to approximately 136kgs of sanitary waste over a lifetime.
www.modibodi.ae
The Good Karma Co
From brushes made of plant fibres to eco-friendly storage solutions, this company has planet-friendly alternatives to almost everything we need, including tin foil and toothbrushes.
www.instagram.com/thegoodkarmaco
Re:told
One Dubai boutique, Re:told, is taking second-hand garments and selling them on at a fraction of the price, helping to cut back on the hundreds of thousands of tonnes of clothes thrown into landfills each year.
www.shopretold.com
Lush
Lush provides products such as shampoo and conditioner as package-free bars with reusable tins to store.
www.mena.lush.com
Bubble Bro
Offering filtered, still and sparkling water on tap, Bubble Bro is attempting to ensure we don’t produce plastic or glass waste. Founded in 2017 by Adel Abu-Aysha, the company is on track to exceeding its target of saving one million bottles by the end of the year.
www.bubble-bro.com
Coethical
This company offers refillable, eco-friendly home cleaning and hygiene products that are all biodegradable, free of chemicals and certifiably not tested on animals.
www.instagram.com/coethical
Eggs & Soldiers
This bricks-and-mortar shop and e-store, founded by a Dubai mum-of-four, is the place to go for all manner of family products – from reusable cloth diapers to organic skincare and sustainable toys.
www.eggsnsoldiers.com
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
COMPANY%20PROFILE
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