Mohammed Zamani, left, who is training to be a qualified UK chartered accountant, with Eddy Winters of ICAEW Middle East. Jeff Topping / The National
Mohammed Zamani, left, who is training to be a qualified UK chartered accountant, with Eddy Winters of ICAEW Middle East. Jeff Topping / The National

ICAEW accountancy scheme helps train Emiratis for the private sector



Although Mohammed Zamani could have worked more sociable hours in the public sector, he decided to work 10-hour days at a private-sector multinational - and then go home each night to study for a postgraduate qualification.

Crazy? He certainly doesn't think so.

The Emirati, 22, from Dubai says he had opportunities to work in a more relaxed role, but he chose to work in the private sector to gain international experience at an early stage in his career.

"I think Emiratis can't rely only on the public sector anymore," he says. "The experience in the private sector, especially at the international companies, is much better than the public sector."

The fresh-faced graduate now works at KPMG and is training to be a qualified accountant under the Institute of Chartered Accountants of England and Wales (ICAEW). He is one of five Emirati students hand-picked by ICAEW to lead its programme to give graduates a better shot at achieving a postgrad qualification while working for professional services firms.

In the US, UK and much of Europe, graduates are placed on similar training schemes, where companies offer them a competitive wage, pay all their exam and teaching fees, and allow plenty of time off to study.

Given this support, accountancy firms report a much higher pass rate among staff and hope it instils an element of loyalty.

Companies in the Emirates have been slow to develop this approach, with trainee accountants having to study in their own time outside working hours, with little teaching support.

ICAEW is trying to facilitate change through its Emiratisation Scholarship Scheme, which it has convinced the "Big Four" accountancy firms - KPMG, PricewaterhouseCoopers, Deloitte and Ernst & Young - to take part in.

Increasing Emirati participation in the private sector continues to be an important challenge for many companies. The telecommunications operator du announced last week it would recruit 220 UAE nationals to run its call centre in Fujairah.

In partnership with ICAEW, the accountancy firms give the five trainees 10 weeks off to study in addition to their normal annual leave, send them back to school for weeks at a time, and pay about 20 per cent more in salaries than peers in the UK.

Amanda Line, the regional director for the ICAEW, says she has been "incredibly impressed" by the Emirati intake.

"The days when Emiratis went into jobs where they could leave at 3, those days are going to be behind us because they realise they need to be competitive in the future," Ms Line says. "Mohammed is an Emirati who works 10 hours a day and then goes home and studies, so don't tell me the story that Emiratis don't know how to work hard."

Mr Zamani graduated from the University of Sharjah in January with a major in finance and now works in KPMG's audit department examining the accounts of financial institutions.

"If I open my company in the future I can use much of what I gained from the qualification, I can use that in the public [sector], private sector and in many different areas," he says.

Although the programme is aimed at UAE nationals, Ms Line hopes the scheme will eventually go beyond being an Emiratisation programme and become the industry norm in the UAE.

"The big four were keen because of the qualification. Training accountants gives them a competitive edge," she says. "There's also a culture shift in investing properly in training and development programmes rather than in hiring in cheaper labour."

Afro salons

For women:
Sisu Hair Salon, Jumeirah 1, Dubai
Boho Salon, Al Barsha South, Dubai
Moonlight, Al Falah Street, Abu Dhabi
For men:
MK Barbershop, Dar Al Wasl Mall, Dubai
Regency Saloon, Al Zahiyah, Abu Dhabi
Uptown Barbershop, Al Nasseriya, Sharjah

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

The details

Heard It in a Past Life

Maggie Rogers

(Capital Records)

3/5

Company profile

Date started: January 2022
Founders: Omar Abu Innab, Silvia Eldawi, Walid Shihabi
Based: Dubai
Sector: PropTech / investment
Employees: 40
Stage: Seed
Investors: Multiple

COMPANY PROFILE

Company: Olive Gaea
Started: 2021
Co-founders: Vivek Tripathi, Jessica Scopacasa
Based: Dubai
Licensed by: Dubai World Trade Centre
Industry: Climate-Tech, Sustainability
Funding: $1.1 million
Investors: Cornerstone Venture Partners and angel investors
Number of employees: 8

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

If you go:

 

Getting there:

Flying to Guyana requires first reaching New York with either Emirates or Etihad, then connecting with JetBlue or Caribbean Air at JFK airport. Prices start from around Dh7,000.

 

Getting around:

Wildlife Worldwide offers a range of Guyana itineraries, such as its small group tour, the 15-day ‘Ultimate Guyana Nature Experience’ which features Georgetown, the Iwokrama Rainforest (one of the world’s four remaining pristine tropical rainforests left in the world), the Amerindian village of Surama and the Rupununi Savannah, known for its giant anteaters and river otters; wildlifeworldwide.com

Where to Find Me by Alba Arikha
Alma Books 

Scores:

Day 4

England 290 & 346
Sri Lanka 336 & 226-7 (target 301)

Sri Lanka require another 75 runs with three wickets remaining

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

Getting there and where to stay

Etihad Airways operates seasonal flights from Abu Dhabi to Nice Côte d'Azur Airport. Services depart the UAE on Wednesdays and Sundays with outbound flights stopping briefly in Rome, return flights are non-stop. Fares start from Dh3,315, flights operate until September 18, 2022. 

The Radisson Blu Hotel Nice offers a western location right on Promenade des Anglais with rooms overlooking the Bay of Angels. Stays are priced from €101 ($114), including taxes.

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Ten10 Cricket League

Venue and schedule Sharjah Cricket Stadium, December 14 to 17

Teams

Maratha Arabians Leading player: Virender Sehwag; Top picks: Mohammed Amir, Imad Wasim; UAE players: Shaiman Anwar, Zahoor Khan

Bengal Lions Leading player: Sarfraz Ahmed; Top picks: Sunil Narine, Mustafizur Rahman; UAE players: Mohammed Naveed, Rameez Shahzad

Kerala Kings Leading player: Eoin Morgan; Top picks: Kieron Pollard, Sohail Tanvir; UAE players: Rohan Mustafa, Imran Haider

Pakhtoons Leading player: Shahid Afridi; Top picks: Fakhar Zaman, Tamim Iqbal; UAE players: Amjad Javed, Saqlain Haider

Punjabi Legends Leading player: Shoaib Malik; Top picks: Hasan Ali, Chris Jordan; UAE players: Ghulam Shabber, Shareef Asadullah

Team Sri Lanka Cricket Will be made up of Colombo players who won island’s domestic limited-overs competition

UAE currency: the story behind the money in your pockets
UAE medallists at Asian Games 2023

Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

The specs: 2019 BMW i8 Roadster

Price, base: Dh708,750

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery

Transmission: Six-speed automatic

Power: 374hp (total)

Torque: 570Nm (total)

Fuel economy, combined: 2.0L / 100km

Brief scores:

Kashima Antlers 0

River Plate 4

Zuculini 24', Martinez 73', 90+2', Borre 89' (pen)

Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

Sri Lanka squad for tri-nation series

Angelo Mathews (c), Upul Tharanga, Danushka Gunathilaka, Kusal Mendis, Dinesh Chandimal, Kusal Janith Perera, Thisara Perera, Asela Gunaratne, Niroshan Dickwella, Suranga Lakmal, Nuwan Pradeep, Dushmantha Chameera, Shehan Madushanka, Akila Dananjaya, Lakshan Sandakan and Wanidu Hasaranga

Austrian Grand Prix race timings

Weekend schedule for Austrian Grand Prix - all timings UAE

Friday

Noon-1.30pm First practice

4-5.30pm Second practice

Saturday

1-2pm Final practice

4pm Qualifying

Sunday

4pm Austrian Grand Prix (71 laps)

ALRAWABI SCHOOL FOR GIRLS

Creator: Tima Shomali

Starring: Tara Abboud, Kira Yaghnam, Tara Atalla

Rating: 4/5


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