How is the UAE acclimatising to the new Monday to Friday working week?
While for some the change has been fairly seamless, others faced unexpected challenges.
The National approached eight people from different lines of work to find out how the move has affected them.
Name: Tamara Grannell
Nationality: English
Occupation: Grade Co-ordinator at Swiss International Scientific School
“The new Monday-Friday work week is definitely an advantage. I am a grade co-ordinator so I have nine classes, 18 teachers and 198 children who are my responsibility.
“In terms of scheduling and timetabling, it was a logistical nightmare, but other than that everyone settled into it very quickly. The children love the fact that they go home at 12pm. We have a lovely day on a Friday and ease into the long weekend. It’s also been nice to have the same weekends as family back home.”
Name: Nancy Ozbek
Nationality: Turkish
Occupation: Head of mall management at Sharaf Group
“I am the general manager of Time Square Centre Dubai and Al Masa Mall. For the shopping mall business, the new working week was a fantastic decision.
“We get the most traffic on weekends. Because schools are closing early on Fridays, the weekend starts at three o’clock and we are seeing lots of traffic in the afternoons. We see more families coming to the mall on Friday, Saturday and Sunday.”
Name: Mohammad Al Madani
Nationality: Emirati
Occupation: Market manager of Waterfront Market
“I am the general manager of the Waterfront Market, which is the legacy of the old fish market in Al Shindagha. It has been developed into a mall comprising four main markets, restaurants and retail shops.
“The new working week hasn’t affected our work. We are a mall that serves customers, partners and traders. We work 24 hours a day, seven days a week, 365 days a year. During the weekends, footfall is going up to 50,000 a day.
"The adjustment to the new working week has been easy. We’re always here to meet the needs of our customers with the freshest seafood, fruit and vegetables, meat, poultry and dry foods. Even during the pandemic, when most businesses shut down, we remained open and served as a lifeline for families.”
Name: Silver Corpuz
Nationality: Filipino
Occupation: Senior mechanic at I Service Any Car
“The shift in working week has impacted those working a six-day week more than five. Everybody here is working six days a week, from the drivers to the technicians to the general manager. Everybody has welcomed the new change, but we’re also getting used to it.
“Even customers are getting used to it. We noticed it on the first Saturday. It was dead, absolutely dead. It was unbelievable. We were busier on Friday, but Saturday became quiet. Because for most of our customers, Saturday was the first day of the weekend and they wouldn’t bring their car unless it was a necessity. So it was quiet Saturday and we were closed on Sunday, which is the second part of the weekend and could be a busy day.
"We’ve already had a conversation with management and we’re going to change our day off from Sunday to Saturday.”
Name: James Young
Nationality: American
Occupation: Reverend at Christ Church in Jebel Ali
“I've been here two and a half years and actually having a service on Sunday morning, I’ve already grown accustomed to it. For the most part, it’s not impacting us greatly. We were already holding a Friday and Saturday service, so we just shifted Friday to Sunday.
“Our theory is Sunday will be the main service, which is what a lot of people prefer because of the tradition within Christianity. But a lot of people liked having a common holy day with the Muslims.
"The biggest issue for us is figuring out when people were available to come to services. There’s a number of people who work for GCC companies so they may not be able to shift in the same way. But our commitment is to hold services when people are able to come.”
Name: Nadeem Khan
Nationality: Indian
Occupation: Executive director, Century Financial Consultancy
“This new work week is a welcome step for the financial services industry, as we will be in full sync with the global stock markets, forex, banks and financial institutions. Since our work involves working closely with international platforms and liquidity providers, some of the departments at Century Financial were already working Monday to Friday to align with our overseas counter parties and suppliers. Hence it wasn’t a challenge at all to change to the new work week.
"Now all our employees have the same work schedule, resulting in an increase in the company's overall productivity. It will also help staff in achieving quality family time as planning holidays with friends and family will become easier to co-ordinate, especially since they live in cities that have a Monday to Friday work week.”
Name: Ben Davies
Nationality: Welsh
Occupation: Human performance expert
“I’m a premium personal trainer, focusing more on performance than basic training. For the new Monday to Friday work week, I’ve just kind of gone with my clients. I had to discuss with them what their plans were and what their work schedule was going to do.
“Ninety-nine per cent of my clients just moved across one day, so I did the same. We just kept the exact same routine and moved forward one day. To be honest, it was very seamless.”
Name: Matthew Pickering
Nationality: English
Occupation: Chief executive, Power League Gaming
“We welcome the shift to a new working week. It brings with it efficiencies in collaborating with our publisher partners in the US, UK and Asia. The publisher partners are the companies that make the leading games. We are still Mena-first, but our teams adapted to the new working week very easily, and we continue to deliver these world-class eSports and content experiences to our Arabic audiences.
"Having said that, the shift invariably brings with it challenges with our Mena clients who don’t mirror that working week. So we built in operational flexibility to ensure we are able to continue to support those clients seamlessly.
“Being an eSports and gaming company, we are nonconformist, non-traditional in the way that we work and the hours that we operate, so for us, it's a small stepping stone. I would say the efficiencies that it's brought outweigh any kind of negativity for us.”
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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.”
Pupils in Abu Dhabi are learning the importance of being active, eating well and leading a healthy lifestyle now and throughout adulthood, thanks to a newly launched programme 'Healthy Lifestyle'.
As part of the Healthy Lifestyle programme, specially trained coaches from City Football Schools, along with Healthpoint physicians have visited schools throughout Abu Dhabi to give fun and interactive lessons on working out regularly, making the right food choices, getting enough sleep and staying hydrated, just like their favourite footballers.
Organised by Manchester City FC and Healthpoint, Manchester City FC’s regional healthcare partner and part of Mubadala’s healthcare network, the ‘Healthy Lifestyle’ programme will visit 15 schools, meeting around 1,000 youngsters over the next five months.
Designed to give pupils all the information they need to improve their diet and fitness habits at home, at school and as they grow up, coaches from City Football Schools will work alongside teachers to lead the youngsters through a series of fun, creative and educational classes as well as activities, including playing football and other games.
Dr Mai Ahmed Al Jaber, head of public health at Healthpoint, said: “The programme has different aspects - diet, exercise, sleep and mental well-being. By having a focus on each of those and delivering information in a way that children can absorb easily it can help to address childhood obesity."
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
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