Untitled image by Mira Zdjelar for the exhibition 35x35mm at Alliance Française Abu Dhabi. Courtesy Alliance Francaise Abu Dhabi
Untitled image by Mira Zdjelar for the exhibition 35x35mm at Alliance Française Abu Dhabi. Courtesy Alliance Francaise Abu Dhabi
Untitled image by Mira Zdjelar for the exhibition 35x35mm at Alliance Française Abu Dhabi. Courtesy Alliance Francaise Abu Dhabi
Untitled image by Mira Zdjelar for the exhibition 35x35mm at Alliance Française Abu Dhabi. Courtesy Alliance Francaise Abu Dhabi

5 things to do: see the exhibit 35x35mm by Mira Zdjelar or plan to attend Ramadan activities at Al Jimi Mall

Our daily round-up of things to do: See the exhibition 35x35mm by photographer Mira Zdjelar; visit the exhibition Aide-Memoire: Footnotes (Part II); register your children for the DIWC Creativity Camp; plan to attend Ramadan activities at Al Jimi Mall; or make plans to visit Al Hamra Mall and Manar Mall for a host of family-focused Ramadan entertainment.

Ellen Fortini

June 24, 2015

  • English
  • Arabic

See the exhibition 35x35mm, in which the Bosnian-Canadian photographer Mira Zdjelar projects her own point of view as she roams the streets of Paris and takes a look at the richness of French life and culture, including this untitled image (pictured). From 9am to 8pm, Alliance Française Abu Dhabi, off 32nd Street, Abu Dhabi, 02 666 6232, www.afabudhabi.org

Visit the exhibition Aide-Memoire: Footnotes (Part II). This second edition highlights the multitude of stories that encompass an exhibition with many of the works envisioning different ways stories can be recorded and fictionalised through aesthetic creation, including this work by Walid Raad (pictured). From 10am to 10pm, Maraya Art Centre, Sharjah, 06 556 6555, www.maraya.ae

Register your children ages 8 to 12 years for the DIWC Creativity Camp, where qualified instructors will help them exercise their imagination through drama, music, arts, reading and writing. From August 23 to 26, from 10am to 3pm Sunday to Wednesday, Dh600, Dubai International Writers' Centre, Al Shindagha Neighbourhood, Dubai, register at events@diwc.ae

Plan to attend Ramadan activities at Al Jimi Mall, which include Quran memorisation and storytelling sessions, followed by interactive questions about the stories, Islamic musical performances and Ramadan cartoon screenings after iftar. Thursday and Friday, from 8.30 to 11.30pm, Al Jimi Mall, Al Ain, www.aljimimall.com

Make plans to visit Al Hamra Mall and Manar Mall for a host of family-focused Ramadan entertainment, including henna tattoo artists, clowns and other events for children from 9 to 11pm on weekends. 10am to 1am opening hours for shops and Carrefour; iftar until 1am at restaurants and cafes; cinemas open until 3am, Al Hamra Mall and Manar Mall, Ras Al Khaimah, www.alhamramall.com, www.manarmall.com

listings@thenational.ae

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

Race card:

6.30pm: Maiden; Dh165,000; 2,000m

7.05pm: Handicap; Dh165,000; 2,200m

7.40pm: Conditions; Dh240,000; 1,600m

8.15pm: Handicap; Dh190,000; 2,000m

8.50pm: The Garhoud Sprint Listed; Dh265,000; 1,200m

9.25pm: Handicap; Dh170,000; 1,600m

10pm: Handicap; Dh190,000; 1,400m

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

More about coronavirus

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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Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

Mane points for safe home colouring
  • Natural and grey hair takes colour differently than chemically treated hair
  • Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
  • When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
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