Ananda Shakespeare, founder of Shakespeare Communications in Dubai, will change the work schedule of her employees in the New Year. Antonie Robertson / The National
Ananda Shakespeare, founder of Shakespeare Communications in Dubai, will change the work schedule of her employees in the New Year. Antonie Robertson / The National
Ananda Shakespeare, founder of Shakespeare Communications in Dubai, will change the work schedule of her employees in the New Year. Antonie Robertson / The National
Ananda Shakespeare, founder of Shakespeare Communications in Dubai, will change the work schedule of her employees in the New Year. Antonie Robertson / The National

Small businesses in UAE commit to new working week


Kelly Clarke
  • English
  • Arabic

Some small businesses in the UAE have already committed to changing their working week to align with the announcement that federal government departments will switch to a Saturday-Sunday weekend.

In the New Year, public sector workers at the ministerial level will work Monday to Thursday, and a half-day on Fridays.

With schools in the UAE also shifting their schedule and adopting a Saturday-Sunday weekend, small business owners said it made sense to make the change at their companies.

Small businesses with international clients will greatly benefit from the move to a more traditional working week
Claire Donnelly,
a HR consultant

Claire Donnelly, a senior consultant at Mike Hoff HR and Consulting, said she could only see the upside for small businesses.

“They are so much more flexible and can adapt and change a lot easier than large corporates,” she said.

“Small businesses can make a change like this overnight, they just need to look at what their customer base is doing.

“If their customer base isn’t changing then they need to stick to the old schedule, but if they are, then they need to modify their services by operating on different days.

“I doubt they will follow the four and a half-day week, but small businesses with international clients will greatly benefit from the move to a more traditional working week.”

This latest move comes as the UAE looks to tee up their business operations with global markets and attract more international companies into the region.

Nitin Agarwal, of technology firm Hundred, said the company had decided to follow suit and will change the working week in the New Year.

He said the move by the Dubai Government would "boost productivity for businesses that have multi-geography operations".

“As we are a tech company and have our tech providers across different locations, this move will be a great happiness booster for our employees.

Nitin Agarwal, of technology company Hundred based in Dubai, says co-ordination among staff working in different countries would become easier if everyone followed a fixed working week. Photo: Nitin Agarwal
Nitin Agarwal, of technology company Hundred based in Dubai, says co-ordination among staff working in different countries would become easier if everyone followed a fixed working week. Photo: Nitin Agarwal

"It will improve overall productivity as our teams are in different countries and co-ordination on Fridays and Sundays used to be an issue.

“As a company, we will be able to achieve one extra productive day on issues requiring multi-country team co-ordination.”

With 25 employees in its UAE office, Mr Agarwal said shifting the weekend schedule would be an easy change and it would be more convenient for employees with children whose school hours will switch to Monday-Friday.

Ananda Shakespeare, founder of Shakespeare Communications in Dubai, said her company will be working revised hours and days from January.

“We'll be trialling a working week of Monday to Friday, as our international clients often request meetings on Fridays," she said.

  • The UAE changed its working week in January 2022. Federal and local government staff now work from 7.30am to 3.30pm, from Monday to Thursday, and from 7.30am to midday on Friday. Sarah Dea / The National
    The UAE changed its working week in January 2022. Federal and local government staff now work from 7.30am to 3.30pm, from Monday to Thursday, and from 7.30am to midday on Friday. Sarah Dea / The National
  • Friday sermons and prayers are held at 1.15pm after the working week changes. Chris Whiteoak / The National
    Friday sermons and prayers are held at 1.15pm after the working week changes. Chris Whiteoak / The National
  • Schools in the UAE scheduled lessons in line with major changes to the working week. Chris Whiteoak / The National
    Schools in the UAE scheduled lessons in line with major changes to the working week. Chris Whiteoak / The National
  • No specific instructions or guidance was made relating to the private sector, but companies do not require the government’s permission to set their working week. Victor Besa / The National.
    No specific instructions or guidance was made relating to the private sector, but companies do not require the government’s permission to set their working week. Victor Besa / The National.
  • The new long weekend would ‘boost productivity and improve work-life balance’, the UAE Government Media Office said in a tweet in January when the changes were introduced. Paulo Vecina / The National
    The new long weekend would ‘boost productivity and improve work-life balance’, the UAE Government Media Office said in a tweet in January when the changes were introduced. Paulo Vecina / The National

“As an agency working with global clients, it will be easier to liaise with the US, for example, and we will trial Friday afternoons to accommodate our European clients too.”

As a boutique agency, Ms Shakespeare said the change was easy to implement as staff numbers were small and it would better suit their international employees based in the UK and Canada too.

Shraddha Barot Amariei, chief inspiration officer at White Label Media, a media agency in Dubai, said a long weekend was welcome as it would give employees more personal time.

"I think my team’s productivity will increase as I am a big fan of the four-day work week as they will have more personal time," said Ms Amariei, who is among the agency's 25 employees based in Dubai office.

"Logistically, we will implement Fridays work-from-home as it will be a waste of time for them to travel all the way to work and sit in traffic for just four hours, which will be a welcome change for us all.

"However, I am mindful that as a media company, my colleagues, peers and everyone involved in the business operations will be under a lot of pressure to meet deadlines in a shorter span of time, but I hope the half-day gives everyone more time to decompress."

Financially, she said it was a great move by the UAE as payments from international companies would arrive on time, whereas before, the disparity in weekend days would sometimes delay payment.

What has changed?

The UAE’s weekend, which since 2006 has fallen on Friday and Saturday, will switch to Saturday and Sunday from the new year, aligning it with much of the rest of the world.

Federal employees will work from Monday to Thursday, with a half-day on Fridays.

Dubai and Abu Dhabi governments said their employees would adopt the same hours. But private sector companies are not obliged to follow suit.

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Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

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Stay indoors when conditions are particularly poor.

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

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Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

Results

5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass

6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer

7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby

7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass

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7.40pm Handicap (TB) Dh92,500 (Turf) 2,410m

8.15pm Handicap (TB) Dh105,000 (D) 1,900m

8.50pm UAE 2000 Guineas Trial (TB) Conditions Dh183,650 (D) 1,600m

9.25pm Dubai Trophy (TB) Conditions Dh183,650 (T) 1,200m

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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

The National's picks

4.35pm: Tilal Al Khalediah
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Biography

Favourite drink: Must have karak chai and Chinese tea every day

Favourite non-Chinese food: Arabic sweets and Indian puri, small round bread of wheat flour

Favourite Chinese dish: Spicy boiled fish or anything cooked by her mother because of its flavour

Best vacation: Returning home to China

Music interests: Enjoys playing the zheng, a string musical instrument

Enjoys reading: Chinese novels, romantic comedies, reading up on business trends, government policy changes

Favourite book: Chairman Mao Zedong’s poems

 

 

Updated: December 09, 2021, 9:05 AM