For several years Ali Emam took the lift up 40 floors to his office in Dubai Media City, looking at the same, semi-familiar faces of workers with whom he shared this space every day without knowing their names or what they did for a living.
It’s a familiar story, but Mr Emam decided to do something about it. So he set up an app for professionals to network – and lunch – with their neighbours. And so Lunch Matcher was born.
“Looking through my LinkedIn, 99 per cent of my connections had worked at the same companies as me, which was an eye-opener,” says the 39-year-old Iranian-American engineer, who has lived in Dubai for 10 years. “I realised I needed to meet new people. I am married with a four-year-old son and a nine-month old daughter so I need to get home after work, but I need to have lunch anyway, so why not use it to make new connections?”
Mr Emam searched online for networking apps, but found most were for dating, matchmaking or relationships – not, beyond LinkedIn, for professionals. "Neither does LinkedIn provide a medium to meet," he adds, "and I wanted to meet people, not just stay in touch with those I already knew."
In fact, Mr Emam also met his co-founder, Aiman Kabli, via LinkedIn. The pair work on developing the app part-time.
“Aiman worked in HR at Emirates and already had an extensive network. Through LinkedIn he discovered that we were both Dubai-based and both graduates of the same Texas university, so he contacted me, which was very adventurous,” says Mr Emam. “When I decided to set up Lunch Matcher about four years after we first met, I asked him if he wanted to be involved.”
LinkedIn is very relevant to Lunch Matcher, which hit the Google store in October and the Apple store in December. The app takes public profile information from the networking site: a user’s photo, name, current company and job title.
Once the user has registered and set up their lunchtime preferences (what days and what times they are available for a one-hour lunch meeting between 11am and 2pm), as well as the area they want to have lunch in, the app can match them with a fellow networking luncher and suggest a restaurant. Profile and contact details will only be shared once both parties have agreed to the lunch.
After meeting, users rate both their lunch match and the venue, although this data is for internal use only.
Mr Emam sees future potential in monetising the restaurants listed – currently some 25 Dubai restaurants have actively requested to be involved, while the rest are pulled from Google Maps. He is also extending lunchtime to 2.30pm, to better suit regional appetites, as well as looking to add in morning and afternoon coffee dates.
While Lunch Matcher is staying focused on the UAE for now – Abu Dhabi is next on the expansion table – Mr Emam says it is “very valuable in densely populated business areas”, such as London, Paris and New York. He points out that a business does not have to be physically located there for the app to work in another city. In the UAE there is also great potential for overseas professionals, travelling here for business, to further network using the app.
For now, it is bootstrapped by its founders, and staffed by two full-time developers and two support staff in Dubai and India, with two more on marketing and social media. So far Lunch Matcher has been downloaded 1,200 times and has 500 registered users, with a target of 2,000 by mid-2016.
Although he says this is “semi-ambitious,” Mr Emam cites a statistic given by Majed Al Suwaidi, the managing director of Tecom Investments, that there are 45,000 employees within the free zone’s square kilometre of Internet City, Media City and Knowledge Village, and says those numbers offer a massive networking opportunity.
Mita Srinivasan, the 59-year-old director of Market Buzz International, is a perfect candidate for Lunch Matcher, with her business specialising in PR for regional SMEs.
“I like the premise of the app,” says Ms Srinivasan, who has downloaded Lunch Matcher but is yet to use it. “It’s a good way to generate new leads, especially for someone like me who spends a lot of time on the computer. I also like that it’s not just about networking, or just about checking out a new restaurant. For a foodie like me, who tends to eat out most lunchtimes, it’s a great idea.”
Mr Emam lists two users, Susan and Yousef, who have lunched recently using the app. Susan, a legal specialist, met a management consultant in the Gold & Diamond Park, while Yousef, a managing director of a cables firm, met the head of digital from a consulting company next door to him in DIFC. “I had been curious to know more about that company, and was surprised we hadn’t met before, even though we were neighbours,” Yousef told the Lunch Matcher founders afterwards.
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LOVE%20AGAIN
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
HWJN
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
How Voiss turns words to speech
The device has a screen reader or software that monitors what happens on the screen
The screen reader sends the text to the speech synthesiser
This converts to audio whatever it receives from screen reader, so the person can hear what is happening on the screen
A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB
The speech synthesisers VOISS develops are free
Subsequent computer versions will include improvements such as wireless keyboards
Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser
Partnerships planned during Expo 2020 Dubai to add more languages
At least 2.2 billion people globally have a vision impairment or blindness
More than 90 per cent live in developing countries
The Long-term aim of VOISS to reach the technology to people in poor countries with workshops that teach them to build their own device
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh359,000
On sale: now
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Why does a queen bee feast only on royal jelly?
Some facts about bees:
The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer
The life cycle of a worker bee is from 40-60 days
A queen bee lives for 3-5 years
This allows her to lay millions of eggs and allows the continuity of the bee colony
About 20,000 honey bees and one queen populate each hive
Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.
Apart from honey, five other products are royal jelly, the special food bees feed their queen
Pollen is their protein source, a super food that is nutritious, rich in amino acids
Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments
Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive, protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts
Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain
Honey, royal jelly, pollen have health enhancing qualities
The other three products are used for therapeutic purposes
Is beekeeping dangerous?
As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.
“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”
Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)
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.”
Killing of Qassem Suleimani