“There’s more to Bosnia than just war,” he says, reiterating the fact time and again to anyone who will listen.
Indeed, it is a fact that husband-and-wife team, Naid Dzananovic and Emina Sabic Dzananovic, are desperate to impart onto the people of the UAE, or at least have it grasped by anyone who walks into their new store.
In early June, the Dzananovics opened One Piece Concept in Boutik Mall on Reem Island. It is the first and only store in the UAE entirely dedicated to Bosnian fashion and accessories for women. And it all came about because of an intense and passionate love for their country, Bosnia &Herzegovina, and a need to bring the comfort of the familiar to their new home.
“We love our country and we were missing it, even though we truly felt that Abu Dhabi had become our second home,” explains Emina, who is a psychiatrist by trade and moved to Abu Dhabi last year with their now 13-month-old son Mak, to join her husband, an engineer working on the new Midfield Terminal, and his 18-year-old son, Kenan. “But Bosnia is in our blood and we wanted to share its beauty. We love the art of our country, the design, the aesthetic, the culture, the fashion; we feel it’s different and unique and can be truly appreciated somewhere like the UAE, among people from all over the world.”
When they first arrived in the UAE, the couple had no intention to venture into retail or open a boutique; Naid is immersed in the construction of the new airport and Emina had just had a baby, and was looking into psychiatry openings once she felt ready to rejoin the workforce.
“We quickly grew to love the city, and we wanted to do everything we could to stay and have a second home here,” Emina recalls. “We used to take night walks on Reem Island, and on one such walk, I said to Naid: ‘Can you imagine if we could have the aroma of cevapi here?’”
A traditional grilled meat, similar to kofta, served in a flatbread and accompanied by sour cream, cevapi is quintessentially Bosnian. The couple missed the taste and smell of home, and realised that save for their embassy, there was not a lot of Bosnia in the UAE.
With the opening of their boutique, that has changed. One Piece Concept stocks only Bosnian designers, and only unique and unusual designs. Chunky wooden necklaces; Werkstatt bracelets, rings and earrings made from recycled zinc plates used at a Bosnian printing press; edgy Kao Pao Shu handbags made from ribbon by a Bosnian graphic-design student; oversized, printed totes made out of recycled materials by Kohel Studio; mother-and-daughter jersey dresses printed with the drawings of a 6-year-old girl who created the brand Ruby Red; and, most importantly, women’s clothing by Thara Koncept, characterised by a geometric aesthetic and made from high-end fabrics sourced in France and Italy, but fashioned and designed in Bosnia.
“We work personally with every designer we choose, we call them our family now,” Emina says. “They are all passionate about Bosnia and about the art they create.”
The couple source the most-interesting Bosnian designers, and the accessories in the store are all handmade and created by young, independent, educated and struggling designers or students on the cusp of wider recognition.
“It is wearable art,” Emina explains
“Look at these bow ties, they are made of wood,” Naid points out to a curious customer. It’s true; the bow ties, by TagTie Drvene Masne, are made of a light wood and tied with a satin ribbon. “They are made in Mostar, a city in the south of Bosnia. There’s a bridge there, the Stari Most, that is 500 years old, built by the Ottomans.”
And with that, the customer has learnt a random, new fact about Bosnia, and a conversation erupts, continuously dispersed with details about the couple’s country. The customer leaves with his purchase and a complimentary CD of Bosnian music.
It is exactly the type of atmosphere what Naid and Emina had hoped to nurture in their store.
“We want our customers to become our friends,” Naid explains. “We want this place to become a hub, not just a place to buy a dress.”
Emina elaborates: “During Eid, we will have baklava made by my mother-in-law and a small celebration in the store so people can come in and learn about Bosnia and the qualities of our people. We want to hold cultural events in the store, have people mingle, hold poetry readings. And we will always have Bosnian coffee to serve.”
Bosnia, says Naid, is known for exceptional coffee; the country has the 10th-highest coffee consumption per capita in the world.
The two are full of endless facts about their country. They have taken on the self-imposed role of ambassadors to their homeland, and to the designers they have chosen to showcase in their store.
The Thara Koncept line, for instance, is one of a handful of women’s clothing lines that is purely Bosnian-grown, and made in a small factory near Tuzla. The clothes are very reminiscent of Swedish brand Cos – they are minimalist, modern, flowy, rather than fitted, and play with volume and proportion.
“This type of clothing, it is considered urban and modern in Bosnia,” Emina says. “It is comfortable clothing and it is about simplicity; everything that is simple is beautiful. A woman can wear these clothes to work, but doesn’t think about changing out of them when she comes home and wants to play with her kids or cook a meal. She is comfortable.”
One Piece Concept will continue to introduce new designers, and there is even talk of venturing into furniture and home accessories.
“Bosnia has arrived in the UAE,” Naid says.
One Piece Concept is in Reem Island’s Boutik Mall.
artslife@thenational.ae
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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.”
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
The%20stats%20and%20facts
%3Cp%3E1.9%20million%20women%20are%20at%20risk%20of%20developing%20cervical%20cancer%20in%20the%20UAE%3C%2Fp%3E%0A%3Cp%3E80%25%20of%20people%2C%20females%20and%20males%2C%20will%20get%20human%20papillomavirus%20(HPV)%20once%20in%20their%20lifetime%3C%2Fp%3E%0A%3Cp%3EOut%20of%20more%20than%20100%20types%20of%20HPV%2C%2014%20strains%20are%20cancer-causing%3C%2Fp%3E%0A%3Cp%3E99.9%25%20of%20cervical%20cancers%20are%20caused%20by%20the%20virus%3C%2Fp%3E%0A%3Cp%3EA%20five-year%20survival%20rate%20of%20close%20to%2096%25%20can%20be%20achieved%20with%20regular%20screenings%20for%20cervical%20cancer%20detection%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2025%20to%2029%20should%20get%20a%20Pap%20smear%20every%20three%20years%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2030%20to%2065%20should%20do%20a%20Pap%20smear%20and%20HPV%20test%20every%20five%20years%3C%2Fp%3E%0A%3Cp%3EChildren%20aged%2013%20and%20above%20should%20get%20the%20HPV%20vaccine%3C%2Fp%3E%0A
Scoreline
Australia 2-1 Thailand
Australia: Juric 69', Leckie 86'
Thailand: Pokklaw 82'
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
ARM%20IPO%20DETAILS
%3Cp%3E%3Cstrong%3EShare%20price%3A%3C%2Fstrong%3E%20Undisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETarget%20raise%3A%3C%2Fstrong%3E%20%248%20billion%20to%20%2410%20billion%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProjected%20valuation%3A%3C%2Fstrong%3E%20%2460%20billion%20to%20%2470%20billion%20(Source%3A%20Bloomberg)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELead%20underwriters%3A%3C%2Fstrong%3E%20Barclays%2C%20Goldman%20Sachs%20Group%2C%20JPMorgan%20Chase%20and%20Mizuho%20Financial%20Group%3C%2Fp%3E%0A