• Mohamed Melehi, Untitled. All Photos: Christie's
    Mohamed Melehi, Untitled. All Photos: Christie's
  • Etel Adnan, Al-Tayyeb Salih, Daw al-Bayt
    Etel Adnan, Al-Tayyeb Salih, Daw al-Bayt
  • Samia Halaby, Return (No. 323)
    Samia Halaby, Return (No. 323)
  • Ibrahim El-Salahi, Palm Tree
    Ibrahim El-Salahi, Palm Tree
  • Hafid Al-Droubi, Cock fight
    Hafid Al-Droubi, Cock fight
  • Adam Henein, Le Saint Esprit/El Roh El Kodouss
    Adam Henein, Le Saint Esprit/El Roh El Kodouss
  • Mahmoud Said, Fille a l'imprime (Girl in a Printed Dress)
    Mahmoud Said, Fille a l'imprime (Girl in a Printed Dress)
  • Yvette Achkar, Sables mouvants
    Yvette Achkar, Sables mouvants
  • Marwan Kassab-Bachi, Kopf links gerdreht (Head turned left)
    Marwan Kassab-Bachi, Kopf links gerdreht (Head turned left)
  • Kadhim Haydar, Untitled
    Kadhim Haydar, Untitled
  • Ahmed Mater, Human Highway (Mina)
    Ahmed Mater, Human Highway (Mina)
  • Helen Khal, Untitled
    Helen Khal, Untitled
  • Shaker Hassan Al Said, Untitled
    Shaker Hassan Al Said, Untitled
  • Kamal Boullata, Nocturne II
    Kamal Boullata, Nocturne II
  • Ahmed Cherkaoui, Claire de Lune
    Ahmed Cherkaoui, Claire de Lune
  • Jilali Gharbaoui, Composition
    Jilali Gharbaoui, Composition
  • Dia Al Azzawi, Summeria Face
    Dia Al Azzawi, Summeria Face
  • Sliman Mansour, Uncertain Landscape 1
    Sliman Mansour, Uncertain Landscape 1
  • Farid Belkahia, Force Invisible (Invisible Force)
    Farid Belkahia, Force Invisible (Invisible Force)

Christie's to auction 48 'spectacular' pieces from esteemed Dalloul Collection of Arab art


Razmig Bedirian
  • English
  • Arabic

Dozens of artworks from the Dalloul Collection will be entering the market next month, in a sale that is set to become one of the decade’s most significant auctions of Arab art.

The Christie’s sale, titled Marhala – Highlights from the Dalloul Collection, will be held in its London headquarters on the evening of November 9. The auction is momentous not only because it marks the first time that pieces from the esteemed Dalloul Collection are coming under the hammer, but because of the high-profile artists represented in the sale.

The auction is listing 48 works, including pieces by Mahmoud Said, Mohamed Melehi, Etel Adnan, Samia Halaby, Dia Al Azzawi, Inji Efflatoun and Ibrahim El-Salahi.

Fille a l'imprime (Girl in a Printed Dress) by Mahmoud Said (1938). Photo: Christie's
Fille a l'imprime (Girl in a Printed Dress) by Mahmoud Said (1938). Photo: Christie's

“The collection we are selling is probably the strongest and most impressive coming to the market in a long, long time,” Ridha Moumni, deputy chairman of Middle East and North Africa at Christie’s, says. “Almost all the artists we have are superstars.”

“This is why the sale is absolutely spectacular,” he says. “The quality of the works we are presenting is very, very high. I don’t think there will be a comparable collection coming in a sale for a long time.”

The Dalloul Collection is regarded as one of the most significant assortments of modern and contemporary Arab art in the world, containing prized pieces from across the Middle East. The collection was started by married art collectors Ramzi Dalloul and Saeda El Husseini Dalloul. The couple began acquiring Arab art in the 1970s; the collection is now overseen by their son, Basel Dalloul, and his Beirut visual arts institution, the Ramzi and Saeda Dalloul Art Foundation (Daf).

“This is really unique,” Moumni says. “You don’t have a lot of families collecting Arab art for almost six decades.”

Basel Dalloul with Samia Halaby's Green and Earth painting. Photo: Basel Dalloul
Basel Dalloul with Samia Halaby's Green and Earth painting. Photo: Basel Dalloul

Dalloul and Moumni worked together to curate the selection for the Christie’s sale. Parting with pieces from his parents’ collection may have been an emotional process for Dalloul, but it comes as part of his mission to continue their legacy.

“My father was a visionary art collector, who continued to collect until his passing in 2021,” Dalloul says. “I continue his legacy of collecting and I am committed to supporting new and emerging talent across the region whilst bringing these masterpieces to the attention of a new generation of collectors around the world.”

“My late parents collected art and acquired modern and contemporary artworks from Christie’s over many years and I continue to do so,” he adds. “The sale of a small number of works has been in discussion with Ridha Moumni for some time.”

A highlight of the Marhala auction, and the lot with the highest estimate, is Said’s Fille a l’imprime (Girl in a printed dress). The oil painting dates back to 1938, during the height of the Egyptian artist’s output. The work is estimated between $455,000 and $715,000.

“It is an absolute stunner,” Moumni says. “You don’t usually get much Mahmoud Said, but when you do, it’s quite an impressive work.”

Two paintings by Marwan Kassab-­Bachi, known simply as Marwan, are also featured. Kopf links gedreht (Head turned left) is emblematic of the swirling landscape-like portraits the late Syrian artist is known for. It is estimated between $23,400 and $32,500.

Kopf links gedreht (Head turned left) by Marwan Kassab-­Bachi (1972). Photo: Christie's
Kopf links gedreht (Head turned left) by Marwan Kassab-­Bachi (1972). Photo: Christie's

“We also have a Marwan from the marionette series,” Moumni says. “It is a very rare painting.” Marionette, painted in 2014, is estimated between $78,000 and $104,000.

Halaby is also represented in the sale through two works. Her Green and Earth, painted in 2014, features her kaleidoscopic, vibrant approach towards abstraction that has become idiosyncratic of her output. The work is estimated between $52,000 and $78,000. Return, on the other hand, is an example of her work from the late 1970s, when the artist was delving into methods of abstraction that gave the impression the landscapes depicted were illuminated from within. The work, produced in 1978, has an estimate between $91,000 and $130,000.

A mesmerising work by El-Salahi, meanwhile is estimated between $39,000 and $65,000. Created in 2001 with coloured ink on Bristol board, the work is an abstraction of a palm tree depicted with clean horizontal and vertical lines. An untitled vinyl work by Melehi is also a highlight and a rarity, given its incorporation of Arabic calligraphy. Produced in 1982, it features the Moroccan artist’s idiosyncratic tidal patterns and is estimated between $91,000 and $130,000.

Adnan’s Al-Tayyeb Salih, Daw al-Bayt, a piece typifying her coveted leporello book approach, is another of the selection’s prized pieces. A 26-page piece made in 2011 using watercolour and ink on Japanese paper, the work is estimated between $52,000 and $78,000.

Al-Tayyeb Salih, Daw al-Bayt by Etel Adnan (2011). Photo: Christie's
Al-Tayyeb Salih, Daw al-Bayt by Etel Adnan (2011). Photo: Christie's

Moumni emphasises that many of the lots presented are masterpieces in themselves, and would be considered individual highlights in other auctions. “We have an amazing painting by Dia Al Azzawi, Summeria Face, which was in the exhibition Beirut in the Golden 60s that recently closed,” Moumni says. “We have exceptional pictures of Ahmed Mater from the series Human Highway. We have an amazing, large-scale Untitled painting by Ayman Baalbaki from 2009 that is also one of the highlights of the sale.”

The artworks that will be auctioned at Christie’s are a small fraction of the Dalloul Collection, which contains more than 3,000 pieces. The decision to sell the selected artworks, Dalloul says, comes with the intent to further diversify the collection. Dalloul’s parents were known to accrue numerous modern works from individual artists. By selling some of them, the collection is aiming to bring in more contemporary names.

“I have decided to sell a select number of works from the Dalloul Collection at Christie’s in order to refine the collection whilst simultaneously continuing to grow it by identifying and collecting new talent, and emerging Arab art,” Dalloul says.

A selection of the Marhala artworks were displayed at Frieze London, which concluded on Sunday. A selection of pieces will be displayed at the Dubai branch of Christie's from October 23 to 26, before a London viewing from November 1 to 8.

Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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.

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Napoleon
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Ridley%20Scott%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Joaquin%20Phoenix%2C%20Vanessa%20Kirby%2C%20Tahar%20Rahim%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%202%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

SPIDER-MAN%3A%20ACROSS%20THE%20SPIDER-VERSE
%3Cp%3EDirectors%3A%20Joaquim%20Dos%20Santos%2C%20Kemp%20Powers%2C%20Justin%20K.%20Thompson%3Cbr%3EStars%3A%20Shameik%20Moore%2C%20Hailee%20Steinfeld%2C%20Oscar%20Isaac%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
SUNDAY'S ABU DHABI T10 MATCHES

Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
MATCH INFO

New Zealand 176-8 (20 ovs)

England 155 (19.5 ovs)

New Zealand win by 21 runs

Race card

6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m

7.05pm: Meydan Classic Listed (TB) $175,000 (Turf) 1,600m

7.40pm: Handicap (TB) $135,000 (T) 2,000m

8.15pm: Handicap (TB) $135,000 (D) 1,600m

8.50pm: Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m

9.25pm: Curlin Stakes Listed (TB) $175,000 (D) 2,000m

10pm: Handicap (TB) $135,000 (T) 2,000m

10.35pm: Handicap (TB) $175,000 (T) 1,400m

The National selections

6.30pm: Shahm, 7.05pm: Well Of Wisdom, 7.40pm: Lucius Tiberius, 8.15pm: Captain Von Trapp, 8.50pm: Secret Advisor, 9.25pm: George Villiers, 10pm: American Graffiti, 10.35pm: On The Warpath

GROUP RESULTS

Group A
Results

Ireland beat UAE by 226 runs
West Indies beat Netherlands by 54 runs

Group B
Results

Zimbabwe tied with Scotland
Nepal beat Hong Kong by five wickets

England ODI squad

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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.”

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

The years Ramadan fell in May

1987

1954

1921

1888

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
The biog

Nickname: Mama Nadia to children, staff and parents

Education: Bachelors degree in English Literature with Social work from UAE University

As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families

Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Company%20profile
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Updated: October 16, 2023, 10:32 AM