DUBAI // A women’s organisation is lobbying the Government to support working mothers with more flexible maternity leave.
The Dubai Women Establishment (DWE) prepared a draft policy on maternity leave and breastfeeding in 2009 after researching conditions in other countries, said Shamsa Saleh, chief executive of the local government body.
They submitted the draft to federal authorities and have pushed for its consideration since then, Ms Saleh said.
"It is there now under discussion," she said. "We hope the Government will announce something soon."
DWE studied the length of maternity leave offered in 39 countries. Only eight of them provided less leave than the UAE.
Full-pay maternity leave is 60 days for government employees, while women in the private sector get 45 days if they have worked at their company for more than a year.
“Surprisingly, we found that our maternity leave is not up to the international standards,” Ms Saleh said.
Working mothers have complain-ed for years that it was too short.
Alazne Amezaga, a Spaniard who recently moved to Dubai, took eight months off when she had her first child in the UK.
Ms Amezaga was shocked to find that maternity leave in the UAE could be as short as 45 days.
“My neighbour, she’s got a two-month-old baby and she told me she had to go back to work after 40 days,” she said. “How do you breastfeed your children? How do you bond with them?”
Ms Amezaga said the idea of having to leave a child so soon was “heartbreaking, to be honest”.
A more flexible policy would be welcome, said Dr Gowri Ramanathan, consultant obstetrician and director of foetal medicine at Abu Dhabi’s Corniche Hospital.
She suggested a minimum of three months’ maternity leave with the option of extending it to six.
“It actually does make a huge difference in enabling women to remain in the workforce, more than anything,” Dr Ramanathan said.
When she gave birth to her son, who turns four next week, she combined her maternity leave with annual leave so she could take two and a half months off.
“It was a challenge and it was difficult,” Dr Ramanathan said.
The biggest consequence of new mothers returning to work early is that they stop breastfeeding, she said. “That’s the last thing you want women to do.”
Ms Saleh said she could not discuss the details of the draft because it was awaiting approval.
But she said the DWE recommends a policy that would consider different situations and offer a fair period of leave.
"We consider some circumstances that do not exist now in the law," Ms Saleh said.
“If the mother has twins, what about the maternity? If the mother has a premature child, what about the maternity?”
In its first phase, the policy would apply to public-sector workers. But if it is introduced, the DWE will recommend expanding it to the private sector.
The organisation first lobbied government departments about the draft in 2010 and last year, she said. It was sent to the Federal Authority for Government Human Resources for review.
“Now we are still lobbying for it,” Ms Saleh said.
She said one of the draft’s biggest supporters was Sheikha Manal bint Mohammed Al Maktoum, president of the organisation and daughter of Sheikh Mohammed bin Rashid, Vice President and the Ruler of Dubai.
Sheikha Manal posted about the draft on Twitter yesterday.
"We hope that this legislation will come into effect as it will help strike a balance between family and work to the benefit of both working women and their children," she said.
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Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
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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.”
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5