The UAE introduced a Domestic Workers Law to protect the rights of maids. Reuters
The UAE introduced a Domestic Workers Law to protect the rights of maids. Reuters
The UAE introduced a Domestic Workers Law to protect the rights of maids. Reuters
The UAE introduced a Domestic Workers Law to protect the rights of maids. Reuters

Licences of two domestic recruitment agencies in Dubai revoked


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The licences of two Dubai-based recruitment agencies hiring domestic workers have been revoked by the Ministry of Human Resources and Emiratisation.

Emirates International Centre for Domestic Workers and Al Shamsi Domestic Workers Services were penalised for failing to comply with the obligations stipulated in the Domestic Workers Law.

They were ordered to settle the status of their workers, fulfil their obligations and pay any fines due until the date of cancellation of the licences.

The relevant local authorities were also notified to take any necessary actions against the two agencies.

“Domestic worker recruitment agencies must adhere to the legislation issued to regulate their operations, which ultimately serves to improve the services they provide to employers and families, as well as safeguarding the rights of all parties, including employers, domestic workers and recruitment agencies,” state news agency Wam quoted the ministry as saying.

It said it would not be lenient in taking legal measures against any domestic worker recruitment agencies found to be in breach of the law.

About 50 recruitment agencies hiring domestic workers for the UAE market were shut down in October due to a range of legal offences, The National reported.

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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

UAE currency: the story behind the money in your pockets
Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Updated: December 15, 2023, 12:13 PM