A major Emiratisation initiative is being launched to boost the number of nationals in the media.
The aim is to boost the level from its current rate of 25 per cent, while ensuring the quality of the workforce is not affected, reported the state news agency Wam.
“We are undertaking a major initiative to boost Emiratisation in the media sector, including holding open days for recruitment by major media organisations with the support of the journalists associations, where students could interact with the recruiters and understand their requirements,” said Ibrahim Al Abed, the director general of the National Media Council.
Mr Al Abded was speaking at the first Emirati Media Forum at the Intercontinental Hotel in Dubai’s Festival City on Wednesday.
“As part of the initiatives, we are also planning to send journalism graduates for higher studies abroad who could then enrich the local media industry with international expertise.
“Additionally, we will launch incentive programmes to attract Emirati talent to the media industry with the help of the government bodies and the media institutions.”
Mr Al Abed said he did not think the media sector was “unattractive” for graduates.
He said talk of implementing the initiatives was easy, but actually doing so was more challenging.
“We need to coordinate with relevant government bodies to undertake these incentives to Emiratis to attract them to the media sector,” he said.
“We need the government departments, policymakers to work together to come up with incentive programmes.”
Sheikh Sultan bin Ahmed Al Qassimi, the Chairman of Sharjah Media Corporation, said: “The level of Emiratisation in the media sector is just 25 per cent, which is very low.
“Although Emiratisation in the SMC is about 50 per cent and within the Sharjah Media Centre exceeds 70 per cent, we should not favour Emiratis over qualified foreign journalists.”
newsdesk@thenational.ae
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Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
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Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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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.
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“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.”
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