Waiters fear loss of income after clampdown on illegal surcharges



ABU DHABI // Waiters and kitchen workers are worried the ban on service charges in non-tourist restaurants and cafes will cost them part of their livelihood. "We get a commission based on how much we sell," said one waitress at a cafe in Marina Mall. "They would include the service charge when they calculated our commission. But now that this charge is not counted, it means we sell less. So we have to push harder to make the same amount of sales."

Last week, Sultan al Mansoori, the Minister of the Economy, called service charges illegitimate price increases. He said they were illegal under the 2006 consumer protection law and ordered restaurant managers to stop imposing them. The ban does not apply to so-called tourist restaurants, which are found mostly in hotels around tourist sites, and are licensed by tourism authorities rather than by the emirate's Department of Economic Development.

Waiters in the non-tourist restaurants fear their wages will go down, even though few of them ever received more than a tiny portion of the surcharge. They all asked for anonymity to protect their jobs. A waiter at a Marina Mall restaurant was particularly worried about the effect of the law on cooks and other people who work in the kitchens. "Typically, we servers only get less than five per cent of the total service charge the restaurant receives," he said. "Our wages are low and this helps our salaries, especially because not many people leave tips. This new law means that the cooks now do not even get that small amount added to their salaries. Maybe we waiters can earn tips but what about them?"

Several restaurant managers acknowledged that staff were often paid less than five per cent of service charge revenues. They claimed most of the money goes to maintenance and unspecified staff benefits. While the law has technically been in effect for three years, Fareed al Zubi, the development department's chief lawyer, said restaurants would probably first receive warnings from inspectors but that repeat offenders would be subject to significant fines because levying the charge would be considered a form of "fraud and predatory practice".

The consumer protection law stipulates a minimum fine of Dh10,000 (US$2,720) for establishments that violate the measure. The Ministry of Economy has the authority to close repeat offenders. The 2006 tourism regulation law metes out even harsher punishments to tourist restaurants that do not give their staff at least 20 per cent of their service charge revenues. These restaurants face up to Dh200,000 in fines, as well as closures, for violating the law.

The ministry reiterated its position on the ban this week, announcing that it would soon begin inspections that could lead to significant punitive measures against restaurants that defy the law. The ban has given rise to fears that restaurants would increase their menu prices, or pass on the losses to staff members. kshaheen@thenational.ae

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Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction. 

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Spending an excessive amount of time on the phone.

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What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

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The years Ramadan fell in May

1987

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1921

1888

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

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Al Mrzab Restaurant

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The Saga Continues

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(36 Chambers / Entertainment One)

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.”