Nurseries help all Emiratis contribute



As with many good ideas, providing nursery spaces for the children of Emirati mothers working in government offices has been met with a degree of reluctance.

But in places where it has been offered, it has proved popular, to the point where demand far exceeds supply.

Popularity with parents is an important test for the worth of an initiative such as this, but the provision of on-site nurseries is important for reasons far wider than that.

At the heart of this is improving the participation of Emirati women at all levels of society.

One of the great benefits of the UAE’s bounty is that in Emirati families where the mother chooses to leave paid work and devote her time to raising her children, she can often afford to do so.

But if a mother wishes to balance motherhood with pursuing a professional career, workplace nurseries ease the path for her to do that too. This allows a broader spectrum of society to contribute to the nation’s development and avoids the cost of replacing key staff.

Support for working mothers comes from the highest levels of government. The edict that federal and local government offices must provide nursery facilities if there are more than 50 female Emirati staff, or where the Emirati mothers have more than 20 children, was made at Cabinet level.

The Cabinet rule was enacted in 2006 but seven years on, only about one in 10 government departments have set up on-site nurseries despite it being a requirement for most offices.

Some departments have refused because the space where a nursery might be did not meet health and safety standards. The only thing worse than not having a nursery is having a potentially hazardous one, but such deficiencies can be addressed.

But sometimes it is simple reluctance or institutional inertia.

Emirati women deserve better than that and the nation will benefit from having the broadest representation of its citizens in the workplace.

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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Specs

Engine: 2-litre

Transmission: Eight-speed automatic

Power: 255hp

Torque: 273Nm

Price: Dh240,000

The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

UAE currency: the story behind the money in your pockets
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

ILT20%20UAE%20stars
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Fifa Club World Cup quarter-final

Esperance de Tunis 0
Al Ain 3
(Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)