Learn all about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill on Saaidyat island. Courtesy of Farmer’s Garden
Learn all about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill on Saaidyat island. Courtesy of Farmer’s Garden
Learn all about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill on Saaidyat island. Courtesy of Farmer’s Garden
Learn all about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill on Saaidyat island. Courtesy of Farmer’s Garden

5 things to do: Learn about different types of cheeses or visit the Hermès exhibition Coup de Theatre

Our daily round-up of things to do: Learn about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill; Visit the Hermès exhibition Coup de Theatre at The Galleria on Al Maryah Island; Get tickets to attend the UAE National Day Polo Cup at Dubai Polo & Equestrian Club; View Al Ain Emirates Natural History Group’s annual photo competition; or watch the Yann Arthus-Bertrand documentary Human as part of Take 21.

Ellen Fortini

November 24, 2015

  • English
  • Arabic

Learn all about cheese and try more than a dozen varieties from France, Germany and Italy at The Park Bar & Grill. You'll also get to sample four dishes incorporating cheese as a main ingredient. The finale of the hotel's special master's series is hands-on, with a guided tour and expertise on the cheese trolley provided by Audrey Daly from Classic Fine Foods and Guillaume Joly, the Park Hyatt's executive chef. From 7pm; only cheese trolley Dh80; set menu Dh250 per person, Dh350 with beverages, Park Hyatt Abu Dhabi, Saadiyat Island, reservations at 02 407 1138 or restaurants.parkhyattabudhabi@hyatt.com

Visit the Hermès exhibition Coup de Theatre. The travelling showcase created by Dutch designer Kiki van Eijk features classic Hermès timepieces in theatrical displays, including Time to Dream. The exhibition allows guests to rediscover the most celebrated collections, including Cape Cod, Dressage, Clipper and Arceau, in a lighthearted way. From 10am to 10pm, Al Manara International Jewellery, The Galleria, Al Maryah Island, Abu Dhabi, 02 674 3444, www.thegalleria.ae

Get tickets to attend the UAE National Day Polo Cup at Dubai Polo & Equestrian Club. Watch eight teams compete, including top UAE teams. Plus there will be shows, entertainment, food and activities to honour the country's equestrian heritage. Friday, 12.30pm, Dh50 for adults; Dh25 for children ages 6 to 12, Dubai Polo & Equestrian Club, Al Qudra Road, Dubai, 04 361 8111, www.poloclubdubai.com

View Al Ain Emirates Natural History Group's annual photo competition, showcasing original images, taken by group members, of flora, fauna, culture and scenery of the UAE and Oman. At 7.30pm, Islamic Institute (formerly the UAEU Men's Campus), Al Ain, 050 112 1637, www.enhg.org/AlAin

Watch the Yann Arthus-Bertrand documentary Human as part of Take 21. Ahead of COP 21, the December global-environment summit in Paris, Alliance Française Dubai and the French Embassy present their monthly programming under the theme of climate change. The screening is free and the film is subtitled in English. At 6pm, The Yard, Alserkal Avenue, Al Quoz, Dubai, 04 335 8712, www.afdubai.org

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COMPANY%20PROFILE
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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.”

COMPANY PROFILE
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 
The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

Pieces of Her

Stars: Toni Collette, Bella Heathcote, David Wenham, Omari Hardwick   

Director: Minkie Spiro

Rating:2/5

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

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Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

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