Dear Ali: Is there a story behind the street names in the emirate of Abu Dhabi? Who named them? And what are they based upon? KJ, Abu Dhabi
Dear KJ: Many people think that the street naming happened only recently because of a new strategy implemented by the Government. But it’s actually the completion of phase two of a long-term strategy that was planned and created by our first president, Sheikh Zayed, who was the first person to come up with the concept of naming streets in the emirate.
The reasons and concept behind his strategy were based on three points.
Firstly, showing loyalty to figures of the Royal Family, who had a huge influence on the history and people of Abu Dhabi – for example, Sheikh Shakhbut bin Sultan.
Secondly, giving recognition to places that have supported Abu Dhabi, for example Dalma Island (one of the best-known streets in the city is Dalma Street). There are also streets named after areas such as Liwa, a major district in the Western Region, which is Sheikh Zayed’s ancestral home. These were the main places where the Al Nahyan family’s power started; they later decided to relocate their capital from the Western Region to Abu Dhabi.
Thirdly, Sheikh Zayed’s street-naming strategy included using positive words that would bring hope to people’s lives and make them proud and happy as they drive in their city – such as Al Saada Street, which means “happiness”.
Today, we’re proud of what our Government has accomplished and offered us and everyone who comes to live and work in the country.
Dear Ali: I'm trying to make some new friends who are Emirati, but it seems so difficult to get to know anyone. Do you have any advice? NR, Al Ain
Dear NR: This is one of the questions that I’m asked the most. If I charged one dirham every time that I was asked this question, I swear I would be a millionaire by now.
I would say that usually the difficulty in meeting new Emiratis really depends on exactly who you approach, because building a friendship or accepting it in Arab culture requires much more time than it may in the western world.
I know some people who have lived in the UAE for more than 10 years and have never spoken to an Emirati.
Remember, we’re fewer in number than the expat community, and our families and people have different levels of conservativeness, traditions and values, so this also makes it more difficult for expats. You would need to make the first move by starting to speak to some Emiratis and building a good level of conversation with them.
The younger generations in our society don’t really have any issues or challenges, because their level of English is much better than the older generations. This is one of the main reasons why many older Emiratis feel uncomfortable with making friends with someone who might not understand them or who may laugh at their English. Many would rather avoid losing face, so they avoid communicating in English.
Simplify your English when communicating with Emirati people from older generations and search for good subjects to attract them to your mind and way of thinking.
Football and other sports, cars, books, movies, television shows and many other subjects could all be of interest to an Emirati. And that, my friend, would be the first step toward building a trusted friendship. Also, why not surprise him or her with a few Arabic words and, even better, show them that you know a few Emirati words, such as “marhaba al saa’a”, which is “hello” in Emirati dialect.
Ali Al Saloom is a cultural adviser and public speaker from the UAE. Follow @AskAli on Twitter, and visit www.ask-ali.com to ask him a question.
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MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Game is on BeIN Sports
The Florida Project
Director: Sean Baker
Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe
Four stars
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Killing of Qassem Suleimani
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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match info
Chelsea 2
Willian (13'), Ross Barkley (64')
Liverpool 0
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5