Shaikha Jawaher concludes trip to Pakistan with agreements to empower women

Dubai: Sharjah’s Women Adavcement Establishment (NAMA) and UNHCR has signed an agreement to offer sustainable income to female Afghani artisans in refugees camps in Pakistan.

Sheikha Jawaher Bint Mohammed Al Qasimi, Wife of His Highness the Ruler of Sharjah, Chairperson of NAMA and UNHCR Eminent Advocate for Refugee Children, has concluded a comprehensive visit to Pakistan. The visit entailed meetings with several entities and institutions in major cities of Islamabad and Lahore, and identifying sectors that will benefit from NAMA’s expertise in women’s capacity-building and enabling them access to sustainable sources of income.

NAMA is a Sharjah-based public non-profit organisation that believes that women are important human capital and works towards advancing them.

A key highlight of Sheikha Jawaher Al Qasimi’s visit was her witnessing the signing of a partnership agreement between NAMA and the United Nations High Commissioner for Refugees (UNHCR), which will offer sustainable income to female Afghani carpet weavers in the city of Quetta in Balochistan, which hosts the second-highest percentage of Afghan refugees.

The agreement signing led by Reem BinKaram, Director of NAMA and Ruvendrini Menikdiwela, UNHCR’s representative in Pakistan, in the presence of Hamad Obaid Al Zaabi, UAE Ambassador to Pakistan.

Under the terms of this partnership agreement, a one-year crafts-led project will be led by Irthi Contemporary Crafts Council (Irthi), an affiliate of NAMA, in collaboration with UNHCR to benefit 100 women — including 70 Afghani women refugees and 30 women from the host community of Quetta, who will be commissioned by Irthi to create carpets bearing motifs that reflect the richness and diversity of Emirati culture and heritage. The designs will be exclusive to Irthi.

Pakistan hosts more than 1.4 million registered Afghans who have been forced to flee their homes, of which 68 per cent are women. Among these women, around 22 per cent fall in the 18 — 59 years age category.

“In these numbers, Sharjah and NAMA identified a pressing need for vocational training, livelihood creation and socioeconomic empowerment,” Sheikha Jawaher noted, adding, “Even as the global humanitarian crisis touches an unprecedented extreme, I believe there is something each of us can do, especially with regard to women as, world over, they are disproportionately affected by war, crisis and displacement.”

This six-day visit to Pakistan is reflective of Sheikha Jawaher’s unparalleled promptness in acting on the pledge His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, took last December at the Women’s Economic Empowerment Global Summit 2019, asserting he would, “personally support programmes and efforts to empower women around the world, particularly in Africa, Asia and Latin America”.

Sheikha Jawaher said: “At NAMA Women Advancement Establishment, all our efforts are geared towards the creation of an equitable world for women. True human empowerment is achieved when our willingness to uplift those in need is not perceived as a choice, but practised as a way of life. This is what Pakistan has done for the past 40 years with regards to offering asylum to Afghan refugees. We cannot be reluctant in our response to assisting nations who have been facing the challenges and consequences large-scale humanitarian crises, such as Pakistan.”

Irthi conducted a feasibility study in the lead up to the signing to determine ways to achieve maximum impact from the project, and a framework for implementation was agreed upon by both entities.

100 women support

“With 100 women and their families who will be benefited by this programme, NAMA seeks to expand the outreach of its sustainable solutions designed and implemented to make women self-reliant and gain permanent livelihood opportunities. With such targeted programmes, we will continue building the resilience of women living in the most challenging of circumstances and advance their role as key human resources,” she added.

Nearly half of UAE expats have no plans for financial security

Dubai: Nearly half (45 per cent) of expat employees in the UAE either have no plans to ensure an adequate standard of living after retirement or plan to work beyond the retirement age to ensure continued income, said a new study.

According to a ‘2020 UAE Security and Savings’ survey by global consultancy, Mercer, a lack of financial awareness among respondents with 61 per cent reporting no long-term savings at all and 43 percent expecting their end of service benefits to meet their long-term financial needs.

“The number of expat employees in the UAE who are not prepared financially for retirement is very concerning. Employees must understand that the current end of service benefits are far from enough to ensure an adequate standard of living post-retirement,” said Tarek Zouiten, Retirement Business Leader at Mercer UAE

Under the current programme, serving a company for 25 years will only provide two years of basic salary, however, an average person will need 12 times their total salary to maintain a decent standard of living post-retirement.

“Ensuring UAE expats are better prepared for post-retirement challenges will require a fundamental mind shift among employees which can be achieved with financial education and progressive regulations like the DIFC Employees Workplace Savings Plan (DEWS) recently employed in DIFC,” said Zouiten.

UAE leaders greet Amir of Kuwait on National Day

The leaders expressed wishes of prosperity and progress to Kuwait and its people.

The President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to Sheikh Sabah Al Ahmad Al Jaber Al Sabah, Amir of Kuwait, on the occasion of his country’s National Day and Liberation Day celebrations.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, also sent similar greetings to the Amir of Kuwait.

Saudi Arabia issues over 400,000 tourist visas since launch

Saudi Arabia has issued more than 400,000 tourist visas since it opened its borders to foreign vacationers in late September, the country’s top tourism official said on Monday.

That number, which doesn’t include millions of religious pilgrims, drives home the challenges the conservative Islamic kingdom faces as it builds a tourism sector from scratch under Crown Prince Mohammed bin Salman’s economic diversification plan.

Its target is to draw 100 million visits a year by 2030.

“The problem we have, or the big challenge we have, is that the infrastructure isn’t there,” Ahmed Al-Khateeb, chairman of the Saudi Commission for Tourism and National Heritage and a key adviser to the prince, said during an investment conference in Riyadh.

“The kingdom is very rich in this sector – it has natural treasures that need strong investments.”

Until tourist visa applications opened, Saudi Arabia had long been one of the hardest countries in the world to visit unless coming on a pilgrimage.

It’s got a long way to go before it can compare to long-established regional destinations.

Financial and leisure hub Dubai received 16.7 million international guests in 2019.

Saudi officials say they’ll need to add more flights and hotel rooms to meet demand as they chase their targets.

Dubai Duty Free Tennis: Roberto Bautista Agut embraces life after losing both parents

Dubai: Former Dubai champion Roberto Bautista Agut has insisted that he’s prepared to shrug off all obstacles while targeting a second title at this week’s Dubai Duty Free Men’s Open.

Bautista Agut won his biggest career title in Dubai in 2018 with a straight-set victory against Frenchman Lucas Pouille. After that win, the 31-year-old has been on a high with his best at a Grand Slam coming up with his semi-final appearance at Wimbledon last year, and by November, Bautista Agut had scaled a career high No. 9 on the rankings.

“Wimbledon was maybe the best tournament I played in my life. I think it was a great experience. I think I learnt a lot from it. I hope I can do the same results in the next years,” Bautista Agut told media.

“The fact is I like Dubai. I like the conditions here. I think it’s great for my game and great for my tennis.

“This is one of my favourite tournaments in the year where I feel well even though sometimes the results are a little bit off.”

Dubai’s International City offers best yields in UAE

Apartments in Dubai’s International City offer the best yields in the United Arab Emirates, according to the latest Property Finder Trends report.

The apartments offered yields of 10.6 percent in H2 2019 ahead of comparable affordable communities like Discovery Gardens (8.6 percent), Al Barsha (8 percent), Barsha Heights or Tecom (7.9 percent), Dubai Sports City (7.8 percent) and Jumeirah Village Circle, or JVC (7.6 percent).

“Overall, rental yields in Dubai are still regarded as being some of the highest around the world. More mature communities such as Dubai Marina, Downtown Dubai and the Palm Jumeirah stand at 6.3 percent, 4.8 percent and 5.3 percent, respectively,” said Lynnette Abad, director of data & research, Property Finder.

In terms of new villa/townhouse communities, Town Square yields the highest gross rental yield at 7.6 percent, followed by Mudon at 7.3 percent, Reem at 6.4 percent and JVC at 6.3 percent.

While more established villa/townhouse communities like Arabian Ranches (4.9 percent), Motor City (5.2 percent) and Barsha (5 percent) offer smaller yields.

In Abu Dhabi, the affordable community of Al Reef offers the highest gross rental yield for apartments at 8.8 percent. Apartments in Al Ghadeer (7.8 percent) and Yas Island (7.2 percent) are also sought-after by buy-to-let investors.

Apartments in Ajman’s Emirates City provided the UAE’s second best gross rental yield at 10.5 percent. Ajman Downtown (8.7 percent) and Al Hamra Village in Ras Al Khaimah (8 percent) also provided apartment buyers with very good rental returns.

Meanwhile, Al Hamra Village (6.3 percent) and Mina Al Arab (4.7 percent), both in Ras Al Khaimah, offered the best gross yields for villas/townhouses.

Average gross rental yields in London stand at 2.9 percent, Hong Kong (2.35 percent), Sydney (2.85 percent), Singapore (3.3 percent) and Toronto (3.9 percent), while Dubai properties offer over 7 percent gross returns on average.

Etihad unit gets nod to train Boeing 777, 787 pilots in Europe

Etihad Aviation Training, a division of Etihad Aviation Group, has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA) to train Boeing 777 and 787 pilots for European carriers.

The approval to train pilots for these two wide-bodied Boeing aircraft types expands the global capabilities of Etihad Aviation Training, which in 2018 also gained approval for pilots of Airbus A320, A330 and A340 aircraft.

Paolo La Cava, vice president and managing director of Etihad Aviation Training, said continuing growth in global demand for air travel was driving increased requirements for pilot training.

“Some operators have insufficient capacity to conduct training in their own facilities while others do not have in-house capabilities,” said La Cava. “In addition to training pilots for Etihad Airways, Etihad Aviation Training also supports the requirements of many other operators for a range of aircraft types.”

Etihad Aviation Training has 11 full motion training simulators, including five for Boeing 777 and 787 training, as well as fixed base devices, and training teams include senior pilots actively flying for Etihad Airways.

La Cava said the Boeing 777 and 787 were two of the most in-demand aircraft in service today, and as their deployment increased so too did demand for pilot training.

He said Etihad Aviation Training soon would also add training capability for the newest wide-body aircraft in airline service, the Airbus A350.

UAE developer says new tourist visa to create opportunities

The UAE’s new five-year multiple entry tourist visa policy will add stability to the real estate market, according to the CEO of Lootah Real Estate Development.

Saleh Abdullah Lootah said the new policy would be a game changer for more than just the tourism industry and will have a positive impact on the country’s property markets.

He said it will bring an opportunity to create a new segment to the UAE’s real estate sector – with developers encouraged to build new projects for the frequent visitor.

“The substantial growth of tourism, starting with the 25 million visitors expected at the Expo 2020 will create a new market segment of frequent visitors,” he said.

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai recently announced the new visa for all nationalities to support the country’s tourism economy and position itself as the preferred destination in the region.

Stabilisation

Lootah said that the outcome of the new visa policy of the UAE will result in the stabilisation of the real estate market as well as having a positive long-term effect.

The CEO also said that visitors who will capitalise on the 5-year multiple entry visa can start planning to look for convenient investment options for properties that will match their experience, usage and leisure.

He said it will be an investment that will “appreciate in value over time that they can capitalise when they want to sell the property”.

Dubai’s real estate industry ended 2019 strongly, as property sales transactions in Dubai hit an 11-year high.

The industry is expected to further pick up this year, especially with the upcoming Expo 2020.

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