Patatello gives much-needed dose of cafe culture to Fujairah



Amid the car-repair garages, corner shops and dusty streets, something new is happening in Fujairah.
Emirati anime posters - inspired by Japanese cartoons - hang in the window. Inside, a guitar stands by the counter, a Victorian-style bike rests against a wall and customers sip coffee from mugs with Emirati art on the sides.
This is Patatello Cafe, which has brought a much-needed dose of cafe culture to Murbah. Its owner, local entrepreneur Hamad Al Shareif, opened the cafe on Al Murbah Street two years ago with the help of a friend, Omar Al Dhuhoori.
"It all started with the Turkish jacket potato," says Al Shareif, 28.
"But back then, I did not have any background in cooking or baking."
Al Shareif found a Filipina chef who could bake the crispy-skinned potatoes Turkish street food-style - it is served heaped with mozzarella, black and green olives, slices of hot dog and other ingredients. He hired her immediately and opened the cafe, which he named Patatello, a nod to the Arabic word for potato.
From such a simple idea, the cafe has become a huge hit, drawing customers from Fujairah and beyond - and garnering a massive following on social media.
Al Shareif runs the cafe's Instagram account (@patatello_cafe), which has more than 16,000 followers, and he takes the time to interact with customers and take photos with them.
The menu varies from week to week, but the most popular dishes are variants of the baked potato and dynamite shrimp (shrimp mixed with spices). But the must-have on the menu is "The Wanasa Cup" (Joy Cup), which consists of scoops of caramel ice cream on top, with kunafa sprinkles and brownies at the bottom.
The Wanasa Cup costs Dh44, but customers get to take the mug home with them.
One customer, Ali Hassan, heard about Patatello Cafe through word of mouth; he drove all the way from Dubai to try it out and he's now a regular customer.
"In Dubai we have many res­taurants," he says. "But the majority of them do not retain their standards."
As for Patatello Cafe, he has tried most of the dishes on the menu.
"The owner is doing a great job and he always makes sure to add a new item on the list, which keeps me going back to his shop every two to three weeks."
Hassan is hoping a branch will open in Dubai.
Another regular to Patatello Cafe is Ali Al Motairi, 18, who is local to Murbah. He sees the recently opened restaurant as a positive sign of growth: City Centre Fujairah opened a few years ago and more malls are planned.
In the past, he says, "we often spent our free time with family, as Fujairah didn't offer much in the way of entertainment ... [But today] Fujairah is gradually catching up with other emirates.
"When we find a pleasing ambience to spend our time, we cling to it. Patatello is unique because every week it offers new items and they all taste good."
So what's the secret to Al Shareif's success and what are his plans for the future?
"There is no secret," he says. "It's a combination of hard work, extensive research and delegating to the right people."
Al Shareif is busy making plans for a second branch in Fujairah and is also thinking about expanding to other emirates.
"The rich and the poor should be able to afford and taste my food."
Asmaa Al Hameli is a features writer at The National
aalhameli@thenational.ae

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IPL 2018 FINAL

Sunrisers Hyderabad 178-6 (20 ovs)
Chennai Super Kings 181-2 (18.3 ovs)

Chennai win by eight wickets

Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

UAE v IRELAND

All matches start at 10am, and will be played in Abu Dhabi

1st ODI, Friday, January 8

2nd ODI, Sunday, January 10

3rd ODI, Tuesday, January 12

4th ODI, Thursday, January 14

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Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

'Top&nbsp;Gun:&nbsp;Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 

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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Our House, Louise Candlish,
Simon & Schuster

SPECS
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Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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