Emiratis and residents across the UAE must stay home this weekend while a nationwide cleaning and sterilisation drive is carried out.
The campaign will be held daily between 8pm to 6am, starting Thursday and Sunday morning.
During that time, public transport across the country will halt and roads will be closed so they can be extensively sprayed.
Movement of traffic and people will go on as usual during the day, but will be restricted during the disinfection period, the Ministry of Interior later clarified on Thursday.
"All retail food outlets such as co-operative societies, supermarkets, grocery stores and pharmacies will remain open 24/7. The public will continue to have access to them even during the period of movement restrictions during the disinfection," the ministry said.
Public transport services, including taxis, will be restricted at the weekend. Motorists were also told not to use their cars on the streets unless absolutely essential. Anyone leaving their homes for any reason must carry their Emirates ID and should expect to be stopped by police.
Only those who work in essential sectors including supermarkets, healthcare, security and the military can leave their homes.
"We understand that weekends are meant for family gathering and recreational activities but these are special circumstances that require us to keep our distance. Please call your families and friends instead," said Dr Farida Al Hosani, spokeswoman for the UAE health sector.
"Social distancing is very important right now. People must avoid going camping, to farms or to a majlis and should not go any internal trips this weekend."
During a television broadcast, Brig Abdulaziz Al Ahmed, from the Ministry of Interior, said key sectors would remain open "around the clock" for urgent needs.
"Workers in vital sectors are excluded [from staying home], and this will be verified by checking business or identity cards," he said.
Petrol stations will remain open and construction work will be unaffected by the operation, carried out by the Ministry of Health and Prevention and the Ministry of Interior will carry out the operation.
Brig Al Ahmed said anyone caught leaving their home during the disinfection period would be stopped by police and must provide a valid reason.
"Necessary deterrent measures will be taken against offenders, including fines and imprisonment, according to UAE law," he said.
On Thursday, Abu Dhabi's Department of Municipalities and Transport said it would add 36 buses and 122 trips to its network on high demand routes during peak hours.
The department previously added five services during morning peak hours and four services during evening rush hours, in Abu Dhabi City, in an effort to reduce crowding.
The move dropped average bus capacity from 90 per cent to 60 per cent.
The new additions announced on Thursday will also help commuters maintain social distancing.
"Passengers are requested to exercise caution while using public buses and to ensure leaving a distance from others," the department said.
Commuters must cover their mouth when they cough or sneeze and anyone who suspects that they are unwell should not use the bus at all.
When the Dubai Metro does reopen, passengers will be urged to wear masks at all times and distance themselves from other passengers, ensuring they are not stood or sat next to anyone.
The number of people allowed on each train is also understood to have been reduced to about 170, down from a capacity of about 650.
Services will run as frequently as every three minutes on the Red Line to compensate.
Large queues of commuters were seen outside stations in recent days as security carefully worked to distance passengers and limit crowds.
The UAE has introduced increasingly strict measures over recent weeks to slow the rate of the coronavirus, of which there were 333 cases as of Thursday, March 26.
Businesses that can continue trading were told to limit the number of customers in their stores at any time.
Shoppers must maintain a distance of at least 2 metres apart from each other.
International flights were restricted to cargo operations and repatriation flights to bring Emiratis overseas back home.
*This story is being updated as details become available to us from relevant authorities
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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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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How to increase your savings
- Have a plan for your savings.
- Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
- Decide on a financial goal that is important to you and put your savings to work for you.
- It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings.
- Carol Glynn, founder of Conscious Finance Coaching
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BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait