Tamim: make civic service mandatory


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DUBAI // The emirate's police chief has called for Emiratis to undertake compulsory civic service to enhance their sense of belonging and responsibility towards the nation.

Speaking at the concluding ceremony for the Juvenile Awareness and Care Association's 2011 programme, Lt Gen Dahi Khalfan Tamim said that making such service mandatory was necessary to building loyalty towards the nation.

He cited an opinion piece last week in the Saudi-sponsored Arabic daily Sharq al Awsat, which attributed the success of Israel to the loyalty of its people. That loyalty, he said, arose mainly from its citizens' experiences with civic service.

"Emad Al Din Adeb [the article's author] wrote that when he went to Israel he was looking for the answer to why the Israeli [state] is successful ... he found loyalty the key for success. People were queuing to enrol in the service, while in the Arab world, people wait in very long queues in search of a way to escape the service," said Lt Gen Tamim.

"I have been calling for a compulsory civic service for more than 10 years, I almost lost my voice from all the talks I have been doing. I have called on officials to implement this service so we can give our children this dosage of belonging."

The UAE does not have a compulsory civic service.

Speaking later, Lt Gen Tamim said that making such service mandatory faced opposition from people who did not personally want to serve.

"Some people in senior positions, who do not want to serve a civic duty, want to obstruct the issue," he said.

But such service would nurture cultural identity and cohesion, experts say.

Dr Soad Al Oraimi, a sociology professor at UAE University, warned that the UAE was undergoi ng major economic and societal changes that were "having some negative impact on society such as social disintegration".

The many foreign cultures in the country and other outside influences were having an impact on Emirati culture and society, according to Dr Al Oraimi.

"In these conditions it is important to have a national cohesion and to have a sense of belonging to the society. Civic service provides cohesion and coherence to society, and therefore it should be implemented in any form in the UAE," she said.

Deenah Al Hashemi, 20, an Emirati student of international relations, said compulsory service could make young people more independent and responsible.

"I prefer for some form of civic service to be introduced at school level, rather than after university, so we can learn from the experience early on in our lives," she said.

Mrs Al Hashemi said young Emiratis had a sense of belonging and loyalty towards their home country, but many expressed it in superficial ways.

"Many just march the streets, but maybe to get involved in society would be a better way of expressing one's belonging," she added.

Hend bin Tamim, a 22-year-old Emirati recent graduate, said voluntary work was "a big part of feeling patriotic".

"I myself do a lot of volunteer work," she said. "I feel that I am giving something to my country and that I am part of the nation."

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The years Ramadan fell in May

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1921

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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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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
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  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
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  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
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  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz