The pecan pie from Clinton Street Baking in Dubai. Courtesy Clinton Street Baking
The pecan pie from Clinton Street Baking in Dubai. Courtesy Clinton Street Baking
The pecan pie from Clinton Street Baking in Dubai. Courtesy Clinton Street Baking
The pecan pie from Clinton Street Baking in Dubai. Courtesy Clinton Street Baking

5 things to do: Indulge in autumn flavours at Clinton Street Baking or see a performance by Laïka Fatien

Our daily round-up of things to do: Indulge in autumn flavours at Clinton Street Baking; see a performance by Laïka Fatien; hear the talk The History of Pearling & Diving at the Sheikh Mohammed Centre for Cultural Understanding; Stock up on organic fruits, veggies and all manner of super foods today as the weekly Ripe Food & Craft Market; and register for a six-day class with Crimean painter Ramazan Useinov.

Ellen Fortini

October 21, 2015

  • English
  • Arabic

Indulge in autumn flavours at Clinton Street Baking. The dining institution from New York offers traditional dishes and desserts for the upcoming holiday season, including organic pumpkin pies, New York pumpkin cheesecake, apple pie, pecan pie and more, all made with fresh ingredients. Open from 8am to 11pm, Burj Views, Downtown Dubai, 04 428 1331, www.clintonstreetbaking.ae

See a performance by Laïka Fatien. The French jazz singer will perform a tribute to Billie Holiday on the occasion of the 100th anniversary of the singer's birth. At 8pm, from Dh150 includes a three-course menu, Frioul, ­Madinat Jumeirah, Dubai, ­reservations at 04 567 0011, www.afdubai.org

Hear the talk The History of Pearling & Diving at the Sheikh Mohammed Centre for Cultural Understanding. Juma Khalifa bin Thalith, president of the heritage department of the Emirates Diving Association, will speak about the traditions of UAE pearl divers. The lecture will be translated by Nasif Kayed, SMCCU's managing director. At 8pm, Jumeirah Majlis, ­adjacent to the Jumeirah Mosque, ­Jumeirah Beach Road, Dubai, call 04 353 6666 to register

Stock up on organic fruits, veggies and all manner of super foods today as the weekly Ripe Food & Craft Market returns to Saadiyat Island. The outdoor event also has a craft market with gift items and products made by local artisans. From 2pm to 7pm, The Collection, St Regis Saadiyat Island Resort, Abu ­Dhabi, www.ripeme.com

Register for a six-day class with Crimean painter Ramazan Useinov and learn indoor still-life painting, with an emphasis on Oriental and European styles. The pieces will be shown in a public exhibition. October 30 to November 4, various timings, Dh1,900 plus Dh700 for supplies, N2N Gallery, first floor, Nation Towers Galleria, Corniche, Abu Dhabi, 055 283 2642, www.n2n-gallery.com

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While you're here
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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2015 – lost to Chile on penalties in the final

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JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

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Denmark 1-1 Ireland 

7/06/19, Euro 2020 qualifier 

Denmark 0-0 Ireland

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Ireland 1 Denmark 5

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Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

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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The specs: 2018 Renault Megane

Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

Torque 156Nm @ 4,000rpm

Fuel economy, combined 6.6L / 100km

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy

DubaiSaadiyat IslandAbu Dhabi