Workers from Al Habtoor Engineering company staged a demonstrations calling for better wages near the Al Ghurair City Centre mall and at a construction site in the Jebel Ali port area in Dubai yesterday.
Workers from Al Habtoor Engineering company staged a demonstrations calling for better wages near the Al Ghurair City Centre mall and at a construction site in the Jebel Ali port area in Dubai yesterdShow more

Labourers in Dubai stage protests over pay



DUBAI // Hundreds of construction workers in Dubai took to the streets yesterday morning seeking better wages and benefits. Work stopped almost simultaneously at two construction sites operated by Al Habtoor Engineering - at the Jebel Ali port area and the extension of Al Ghurair City Centre mall in Deira. Al Habtoor is known for building the Burj Al Arab hotel and the Jumeirah Beach Hotel.

Al Habtoor representatives and police said the strike involved about 300 people. But workers put the number of employees close to 2,000, saying many of those took to streets near their work sites. Police and labour officials quickly reached the sites and persuaded the crowd to disperse. Teams of riot police were at the scene but took no action. The demonstration, the first major display of labour discontent since the economic crisis began last year, was triggered by a lack of overtime pay caused by the postponement or cancellation of construction projects.

"Apart from our basic salaries, we are able to manage each month due to the payment we get from overtime work. However, now we barely get any overtime," said Abdul Rahman, an employee of Al Habtoor in Deira. "I just got one hour each day this month." Mr Rahman said he has been in Dubai for 20 years and makes Dh950 (US$258) a month. "Including the wages for overtime, I used to get up to Dh1,500 a month. This is what senior people get, but there are many more with lesser salaries," he said. "With salaries like Dh600 or Dh700, what will I eat and what will I send home?"

Workers gathered at the site at around 6am yesterday and worked until 8am, when they left their work stations and walked onto the streets. Traffic was blocked at the mall work site until police and Ministry of Labour officials arrived. Labour officials were seen urging workers to return to work. "The officials assured us that they are discussing the matter with the company and a solution would be found in two days. We had told them that there would be no trouble from our side for now," said another worker.

The crowd dispersed around 10am and the workers were taken back to their camps. Witnesses described similar scenes in Jebel Ali, where Al Habtoor is building an 18-storey hotel. Workers "put obstructions on the road and managed to stop at least eight to 10 vehicles", said a witness who drove past the area. "Traffic was also slowed down. I parked my car and went to clear the barriers. The workers hurled at least half a dozen stones at me when they saw what I was doing."

Police said yesterday that the problem between the company and workers had been resolved. "There were around 300 labourers, and things were brought under control quickly at both sites," said Col Abdulla al Ghaithi, the acting director of the police's department of organisational safety, protective security and emergency. "There is no problem of salary payment from the company's side and all those aspects are fine. However, work is less and [the workers] are not getting any overtime payment. The workers' main demand is for a salary raise. They have now returned to work. The labour officials and the company will discuss the issue and settle the matter. Besides, it is summer. They get agitated."

Al Habtoor said the protest was a "combination of frustration and payment issues for some of the staff". "We have agreed with them on their concerns. It's a matter of ensuring that they get good benefits for their work and we get the productivity we are looking for," said David Savage, the managing director of the company. The official news agency, WAM, quoted the acting director general of the Ministry of Labour, Humaid bin Deemas, as saying that Al Habtoor was meeting its obligations.

"An inspection of the company records clearly showed that it has been paying the wages of the workers without delay or deductions." pmenon@thenational.ae tbrooks@thenational.ae

Director: Laxman Utekar

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

Rating: 1/5

THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
RESULTS

1.45pm: Maiden Dh75,000 1,200m
Winner: Lady Parma, Richard Mullen (jockey), Satish Seemar (trainer).
2.15pm: Maiden Dh75,000 1,200m
Winner: Tabernas, Connor Beasley, Ahmed bin Harmash.
2.45pm: Handicap Dh95,000 1,200m
Winner: Night Castle, Connor Beasley, Satish Seemar.
3.15pm: Handicap Dh120,000 1,400m
Winner: Mystique Moon, Sam Hitchcott, Doug Watson.
3.45pm: Handicap Dh80,000 1,400m
Winner: Mutawakked, Szczepan Mazur, Musabah Al Muhairi.
4.15pm: Handicap Dh90,000 1,800m
Winner: Tafaakhor, Sandro Paiva, Ali Rashid Al Raihe.
4.45pm: Handicap Dh80,000 1,950m
Winner: Cranesbill, Fabrice Veron, Erwan Charpy.

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

WRESTLING HIGHLIGHTS
MATCH INFO

Manchester City 3 (Sterling 46', De Bruyne 65', Gundogan 70')

Aston Villa 0

Red card: Fernandinho (Manchester City)

Man of the Match: Raheem Sterling (Manchester City)

The specs

Price, base / as tested Dh135,000

Engine 1.6L turbo

Gearbox Six speed automatic with manual and sports mode

Power 165hp @ 6,000rpm

Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

BIO

Favourite holiday destination: Turkey - because the government look after animals so well there.

Favourite film: I love scary movies. I have so many favourites but The Ring stands out.

Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.

Favourite colour: Black.

Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.

The%20specs
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Mrs%20Chatterjee%20Vs%20Norway
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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.”

THE LOWDOWN

Photograph

Rating: 4/5

Produced by: Poetic License Motion Pictures; RSVP Movies

Director: Ritesh Batra

Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz