DUBAI // Public-sector employers were urged yesterday to meet the needs of their female staff by providing child care at work.
Workplace nurseries nurture the next generation and help to keep women in the workforce, said Mariam Al Roumi, the Minister of Social Affairs. “We want to empower the woman to do her work in a good way.”
Government nurseries account for less than 10 per cent of the country’s 320 licensed nurseries, despite a 2006 Cabinet resolution requiring government institutions to establish an on-site nursery if they have 50 married female employees or if their female staff have 20 young children.
The private sector understands the importance of the issue, Mrs Al Roumi said, and her ministry was communicating it to the state sector too. There are now 31 government nurseries and a further 13 pending, up from 17 in January 2010, and most government ministries have one, she said.
“We have a nursery. Even on the level of local government, most of them are beginning nurseries now, especially Sharjah.”
Eqlima Dinar, a teacher in a government nursery in Dubai, has seen the benefits first-hand, with the availability of child care giving some mothers the opportunity to stay on at work.
“They were about to quit, but when we opened the nursery their husbands allowed them to continue working because they can take their child with them.”
Government nurseries can also increase civil service productivity, studies show. After Dubai Customs opened a nursery in 2009, absenteeism among staff with children in the nursery decreased by 70 per cent.
Eighty-two per cent said they felt more loyal to their employer, and 71 per cent said they were more productive.
At the nursery where Ms Dinar works, mothers can easily breastfeed at midday, instead of having to leave the office.
“We have a room for them, and this maintains the relationship between the infant and the mother,” Ms Dinar said.
Parents can also stop by just to check on their children.
“They have the right to do that,” Ms Dinar said. “And then again, the children themselves – they’re getting the relationship, and they’re learning something that you don’t have normally at home. Usually they’re either with maids or nannies, or grandmothers … once you get the children with professionals, it’s a learning environment.”
But despite the benefits of opening a workplace nursery, some government departments have dragged their feet.
The Dubai Women Establishment has campaigned for government nurseries for several years.
“The problem is that we don’t have many,” its chief executive Shamsa Saleh said last month.
Some government institutions say they don’t have a suitable space for a nursery.
“The buildings were built a long time back, and they’re not prepared very well for nursery facilities,” Ms Saleh said. “These are the obstacles we are facing in some of the government departments.”
The 2006 Cabinet resolution did not give a deadline for opening nurseries, nor did it provide an enforcement mechanism.
However, Ms Saleh said success stories include the nurseries at the Roads and Transport Authority, the Dubai Electricity and Water Authority and the Ministry of Presidential Affairs.
If government institutions have trouble finding space for a nursery or don’t have enough working mothers, they can share a nursery with other government bodies, Mrs Al Roumi said.
The ministry also wants more private-sector workplace nurseries.
“We are encouraging private companies to open them if they have 50 or more working mothers,” Mrs Al Roumi said.
She was speaking yesterday at a ribbon-cutting ceremony for Burj Daycare, a new nursery in the Burj Khalifa. The British curriculum nursery opened in September for the children of Burj Khalifa residents and Armani Hotel guests.
vnereim@thenational.ae
Results
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
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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 specs
Engine: 3.0-litre six-cylinder turbo
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
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Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
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SPECS
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