Ask Ali: The meaning of shaheed and what other GCC countries to visit


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Dear Ali: What does the word shaheed mean? I've been hearing it a lot during the period of mourning. RT, Dubai

Dear RT: This is a very emotional question for me, because many of us are still trying to heal our pain from what happened to our beloved Emirati brothers/heroes in Yemen.

In Islam, if someone dies while protecting and defending the land and the rights of the people, they’re considered “shaheed”, which means martyr, and we pray that God grants them higher levels in paradise.

That’s probably why you have been hearing this word during these days of mourning.

The classical meaning of shaheed in Arabic is “witness”, but people also use the word for Muslims who are murdered, drowned, burnt or die as a result of a building collapse, or killed, especially in war, protecting their land and rights.

Islam teaches us that there are different levels or grades for shaheed. The highest level is a shaheed of war, like our brave soldiers who were protecting the rights of the Yemeni people, which is considered protecting our region.

The main belief of shaheed is that all their bad deeds and sins are erased, and they avoid punishment in the hereafter.

When a Muslim dies, certain rituals are observed. The deceased’s body should be washed in clean water and wrapped in a kafan, shrouding the full body.

In the case of a person who has died in a condition that made him a shaheed of war, their body shall not be washed, nor be shrouded, but buried with the same clothes they were found in.

We ask God to help the martyrs’ families and loved ones stay strong. We all feel proud of our heroes, and we shall continue our purpose to bring justice and safety back to Yemen.

Dear Ali: I have always had a strong wish to visit the GCC, and I finally booked a trip to Abu Dhabi. I'm thinking of using the opportunity to see other Gulf countries during my stay. Where would you recommend? LT, Estonia

Dear LT: You have plenty of choice. The GCC comprises the UAE, Qatar, Saudi Arabia, Kuwait, Oman and Bahrain. All of them deserve a visit.

If you haven’t been to the Gulf before, the UAE is a good start. Our country is one of the most popular tourist destinations in the region, and welcomes people from all over the world.

After travelling all over the world, I think that Oman is one of the most beautiful countries I’ve ever seen. Besides the country’s breathtaking nature, the Omani culture is unique, and their people proudly preserve and present it.

Bahrain has great history, and its people are some of the kindest you will meet. It only takes about an hour to fly from Abu Dhabi to Manama, which is the capital of Bahrain. All GCC countries share similar features, but we have a lot in common with the Bahrainis, because our culture is one, although you might still notice some differences from people from other GCC countries. Many cafes and restaurants in Manama are must-tries – make sure to taste their tikka kebabs.

I could continue telling you amazing things about each of the GCC countries, but I won’t limit your imagination. I suggest you visit all of them one by one, if you have the chance.

Ali Al Saloom is a cultural adviser and public speaker from the UAE. Follow @AskAli on Twitter, and visit www.ask-ali.com to ask him a question.

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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.”

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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