The country’s inaugural National Day featured parades and visits by foreign dignitaries.
The country’s inaugural National Day featured parades and visits by foreign dignitaries.
The country’s inaugural National Day featured parades and visits by foreign dignitaries.
The country’s inaugural National Day featured parades and visits by foreign dignitaries.

Remembering past national days


James Langton
  • English
  • Arabic

Saeed Bkheet Salem Al Mansoori, born in 1966 in Baynunah

"We saw Sheikh Zayed a lot. He created competitions, attended parties and went on hunting trips.

"There were fewer cars so we didn't have the parades, like they do today. It was a couple of streets only. As I remember the street illuminations began in the 1980s. People were really thrilled because of the union. Every year, as the people felt their lives had changed for the better and how the land had become one and that this was their country, they held the idea of Ittihad.

"The celebrations, I think, are just an appearance, but what is really important and real is that Zayed did a great thing. Even the greatest celebrations do not pay this what it fully deserves. Ittihad has changed the lives of everyone here, and those who witnessed what happened in the past can appreciate what is happening now."

Ahmed bin Huwaiden Al Ketbi, 34, from Abu Dhabi

"National Day celebrations aren't the same as they used to be when I was younger. They weren't as organised and coordinated as they are now.

People in the old days celebrated their own way. In schools, we used to make drawings about the occasion, play traditional music, carry flags and participate in student parades. Older citizens' celebrations were more traditional.

They brought folk bands to perform local, traditional shows. They also prepared traditional feasts in public places. The festivities were more spontaneous back then and mostly technology-free."

Kelfan Matar Al Muheiri, 32, from Abu Dhabi

"National Day celebrations have evolved throughout the years. From the late 1980s, all the streets of the emirate, especially the Abu Dhabi Corniche, would be decorated with lights and flags. My fondest memory is of the various parades that took place on the day.

There were military parades, followed by parades with camels, Bedouins and everything related to them. Then came the seafaring people's parades that showcased the fishing nets and equipment used at sea, also the farmers' parades where you could see traditional farming tools and date palm trees.

What made those parades special is that they expressed the homogeneity and the solidarity among all Emirati society, which was the result of the union of course."

Ahmed Omar was born in 1960 in Sharjah and moved to Abu Dhabi when he was three

"Ittihad celebrations always gave everyone a feeling of happiness, and although they were more formal at the start, with the passing of time it has become more fun and more heartfelt. Now it is getting more creative and they start the celebrations several weeks before the actual date."

Jasem Obeid was born in 1952 and married in 1971. His eldest son was born in 1972. While working for Abu Dhabi TV, he became famous for playing a children's character, the bear "Dabdoob"

"Our children had a school play about a father who had seven children. He gave each child a stick and asked them to break it. Then he put a bundle of sticks in their hands that they could not even break. This father was Sheikh Zayed.

"In the early years we used to have a celebration like we have now on the Abu Dhabi Corniche, just on a smaller scale. The celebrations got bigger, developed with the country's development.

"Sheikh Zayed used to attend every national celebration during his life. And a lot of camel races were held. As young men, at the time, we used to gather at the heritage village in Al Bateen, and had 'samrat' - small parties late at night with socialising, poetry, music and swapping memories."

Latifah Abdulla Mohammed, 25, from Dubai

"National Day had a different feel to it when I was younger. I remember when I was in school, we used to prepare meticulously for the occasion. We applied henna, bought new clothes and rehearsed traditional Emirati dances."

Bushra Alkaff Al Hashemi and Ali Al Shamsi

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Manchester United 1 (Van de Beek 80') Crystal Palace 3 (Townsend 7', Zaha pen 74' & 85')

Man of the match Wilfried Zaha (Crystal Palace)

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.”