How was it for you? Did the earth move? I’m afraid to say I was a little disappointed.
By the earthquake that is. The one we allegedly experienced the other week. I say allegedly because everywhere I turn people are constantly recounting their experiences of the day the earth shook beneath them.
However, not having felt any of these recent earthquakes – because apparently there's been more than one – nor having witnessed any damage, I can't help but feel a little left out from the general city talk.
I can’t even be sure of where I was when two consecutive quakes happened just weeks ago. But for the latest one – the biggie, the one that measured 7 plus on the Richter scale and was deemed by some as THE MOST INTERESTING THING TO HAVE HAPPENED....EVER – I was sat with an acquaintance at Fashion Cafe in Al Wahda Mall.
This is the kinda place you would expect gets some action in the middle of a ‘quake. There are dangling bits, chandeliers and pieces of art, hanging all over its walls. Yet no dangling thing was shaking. Only dangling. Nothing else. Nada. Zip. Zilch. The first we knew there was an earthquake going on was when friends and family called to check on us.
Yet even as we fielded their calls we both looked up to the huge chandelier above our heads that was still stubbornly refusing to budge an inch.
So now, as it is rumoured another earthquake could be headed our way, I can’t help but wonder whether I’ll join that exclusive club of people who have fun earthquake stories to entertain their friends with.
Like my mother, who remembers rushing to the living room to save her glass photo frames from crashing off the cupboard tops.
She recalled her heroics to me afterwards. “I was swinging from side to side, bumping into the walls, until I reached the big frames on the top shelf,” she said, waving her arms excitedly.
Amused by her decision to save the “crashing items” rather than hide somewhere safe, I asked her what she was thinking?
“You wanted me to leave them to break? So I’d have to clean the mess for hours after?” she scolded me, as only mothers can.
You can’t argue with logic like that, and indeed, she accomplished her mission. She saved two of her biggest frames, while a number of others inside her glass display cabinet received only minor fractures after falling over.
Or like my friend’s brother, who carried on eating lunch despite the plates on the dining table shaking all around him. Unimpressed that various dishes were sliding across the table he merely treated his meal as a moveable feast, grabbing at bits of food as they rumbled past.
Or his mother, reading the Quran in the sitting room next door, who freaked out when her chair started shaking. Assuming an evil Djinn must be responsible, she began screaming for help....
The tales are too many and too varied to recount, from the office workers who evacuated their buildings, to those who Kept Calm and Carried On. But what they all proved in their own way is that UAE society is capable of laughing in the face of danger. Of being able to shake off and come through even those events that would test the nerves of others. We are a hardy community, and will not be shaken, even when the ground is shaking beneath us.
Having lived here for the past 16 years I have learnt to accept all of life – the good, the bad and even, sometimes, the terrible – with a positive attitude and to look on the bright side, to find humour even in the darkest places.
This explains how an earthquake – even just an alleged one – can become the talk of the town, inspiring jokes and funny stories across the land. I only hope that next time, it’ll be as good for me as it was for you.
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
More from Neighbourhood Watch:
Company%20profile
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Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
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.”
Zayed Sustainability Prize
Start times
5.55am: Wheelchair Marathon Elites
6am: Marathon Elites
7am: Marathon Masses
9am: 10Km Road Race
11am: 4Km Fun Run
How the bonus system works
The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.
The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.
There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).
All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
More coverage from the Future Forum
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Saturday's schedule at the Abu Dhabi Grand Prix
GP3 race, 12:30pm
Formula 1 final practice, 2pm
Formula 1 qualifying, 5pm
Formula 2 race, 6:40pm
Performance: Sam Smith
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Your Guide to the Home
- Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
- Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
- Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Honeymoonish
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Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am
Ronaldo's record at Man Utd
Seasons 2003/04 - 2008/09
Appearances 230
Goals 115