Arabic calligraphy. Randi Sokoloff / The National
Arabic calligraphy. Randi Sokoloff / The National

5 things to do today: visit the Arabian Fantasy Festival and register for The Desert Monologues acting course



Visit the Arabian Fantasy Festival, which features marvels of ancient and mythical Arabia – a land of sand, pearls and 1,001 Arabian nights. Experience traditional charm and activities plus pop-up shops throughout the souq, along with live statues in Arabian costumes. There will also be shows, a heritage area, speed painters, henna artists, a calligrapher, traditional food, an art installation, craft market and a children's play area. From 4pm to 11pm, Level 2, Souk Qaryat Al Beri, Between The Bridges, Abu Dhabi, www.facebook.com/qaryatalberi

Indulge your sweet tooth at the Legemat Festival at Seven Sands. The recently opened Emirati restaurant is celebrating the UAE's most beloved treat by offering up to six varieties of the sticky-sweet dumplings – saffron-orange, pistachio, Nutella, balaleet-cinnamon, nutmeg-honey and cardamom with honey-sugar. Dh30 for two flavours, The Beach, Dubai Marina, 04 551 6652, www.sevensandsrestaurant.com

Register for The Desert Monologues acting course, which will take participants through a variety of drama-based activities, including script-work, improvisation and characterisation, and culminates in monologue performances at The Courtyard Playhouse. Starting October 10 and 11, Saturdays from 3pm to 5pm or Sundays from 7.30pm to 9.30pm, both classes run until November 20, from Dh1,800 for the basic package, The Courtyard, Al Quoz, Dubai, tiffany@courtyardplayhouse.com, 055 967 3927

Plan to attend this weekend's Wafi Bazaar, an indoor market where you can browse more than 50 stalls selling handicrafts, ceramics, jewellery, art, clothes and homewares. Saturday, 10am to 8pm, first floor, Wafi Mall, Dubai, 04 324 4555

Enjoy October Crab Fest at Chimes, with a tempting menu of six dishes including the Singapore Pepper Crab, Malaysian Butter Crab, Singapore Chilli Crab and Sri Lankan Crab Curry, all served with steamed rice or bread. Dh125, Chimes, Seven Sands Hotel Apartments, near Sharaf DG Metro Station, Al Barsha 1, Dubai, reservations at 04 323 4211, www.facebook.com/ChimesFarEasternrestaurantdubai

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ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

A new relationship with the old country

Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.

ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur Sheikh Zayed

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

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