Jacky Panjabi takes a photograph of himself every day and adds it to a pictorial calendar made up of images of his face.
He has hundreds of photos of himself, charting his mood, his attire and his ageing lines over the past two years.
The daily ritual might seem a little over the top or perhaps more likely in the dressing room of a wrinkly rock star.
But Mr Panjabi is the founder and managing director of Jacky's Electronics stores - and it's his quirks that set him apart from other directors of his stature.
"I take a picture of myself on a daily basis. One picture, every single day," he says. "I like to keep a record of myself, everyday what's happening. What was my mood yesterday, my mood today. Yesterday, I was in a white shirt, today I'm in a blue shirt. For the last two years I have a calendar of 365 photos for each year in my Jebel Ali office."
In his beautiful house in Emirates Hills in Dubai, Mr Panjabi talks of his career, family, hobbies and eccentricities, not to mention plans for a business that reportedly makes about Dh1 billion (US$272 million) in sales from electronics distribution and retail operations in the UAE, Hong Kong and Africa.
Last week, Jacky's Group of Companies, the parent company of Jacky's Electronics, celebrated 42 years in business, and Mr Panjabi turned 60 this year.
In the photograph for today's interview, Mr Panjabi is captured wearing a smart shirt and trousers and donning three big signet rings and a gold bracelet.
Family photos adorn every inch of the Panjabi home and the head of the house proudly shows off photos of the 40 years he has been married to his wife, Asha, as well as pictures of his sons at a young age.
"My passion, my hobby, is photography," explains Mr Panjabi. "In my life, I have taken over a million pictures."
On the wall, there is one picture of a young, wide-eyed and widely grinning Ashish Panjabi, who is his son and the chief operating officer for Jacky's as well as the face of the retailer in the UAE.
Mr Panjabi senior happily gives a tour of thehouse, complete with a small elevator and a sign on his desk that reads: My daddy knows a lot of things but my granddad knows everything.
"It is from Ashish's daughter," says Mr Panjabi, who is clearly most at home discussing his family.
Before we even begin talking about his 42-year career, his mobile phone rings and he animatedly speaks in Sindhi to relatives celebrating ahead of a wedding in Delhi of his nephew's daughter.
The house is eerily quiet because most of the family have flown to India for the occasion.
Mr Panjabi jokingly blames the interview for his absenteeism and explains he will fly out the next day, and gives a short but informative tutorial on Sindhi weddings.
"It's parties in the evening mostly, lots of singing, drinking and eating," he says. "Everyone is in a great mood, nobody is talking business, everybody is in a joyous mood."
When he does get down to talking business, Mr Panjabi's story starts in 1970 in Hong Kong when he was 18 and ready to begin life in the working world.
He and his elder brother, Ishwardas, co-founded Jacky's Group as a mail-order duty-free service, delivering all manner of products, including sewing machines, tyres, electronics, televisions, household products and even typewriters to non-governmental organisations and United Nations offices around the region.
In 1980, the group branched out to delivering wholesale bulk electronics and in 1985 Mr Panjabi visited Dubai for the first time.
"I visited the country for two days and as a businessman I saw a lot of opportunity," he says. "I was not here on holiday ... so in two days I studied a lot and looked at what could be done."
On a third visit the same year, Mr Panjabi started operations in the emirate and given a rare opportunity in 1988 to set up a retail store in the same building as its head office, the company took it, despite having never worked in a retail environment before.
"We were definitely never in the retail business, we had no knowledge of retail but we got the right opportunity and a shop in Nasr Square in Deira," he says.
"That's one of my favourite showrooms even today. [Tomorrow] we are celebrating our 24th anniversary of that showroom."
With operations in the UAE, Hong Kong and Africa, Mr Panjabi takes about 90 flights a year.
"The highest I have done is 137 flights in 365 days," he says. Not only does he travel a lot, he keeps the boarding passes as souvenirs.
"I have been travelling, let's say, for 30years non-stop. [From] those 30-some years I have got all my airline tickets and boarding passes. Thousands. I have some at home, I have some in the office, I have some in my briefcase. If you take an average of 90 flights over the last 30 years. It is a lot."
Africa is now the main reason Mr Panjabi travels so often as it is one of the fastest-growing areas of his business.
Jacky's Group has eight electronics outlets in Uganda, eight in Kenya and five in Tanzania. It is the exclusive distributor for Sony, Sharp, Canon, Toshiba, Nikkon, Fuji and Black & Decker, as well as supplying some food products such as Heinz Ketchup.
Having been in Africa for 14 years, Mr Panjabi says the region can eventually make up the biggest part of Jacky's sales.
"I'm surprised because in these countries, we call them third-world countries, [but] there are lot of people that want 3D TVs and smart TVs, they want smartphones, they want the best of the best," he says. "The future is in Africa."
At 60, what of Mr Panjabi's own future? Perhaps it is soon time to stop the travelling and play a bit more golf on the Montgomerie course his house backs on to?
No, is the short answer.
Yes, he says he will slow down, for his health's sake but he wants to continue to work, potentially in something completely different to Jacky's, where he gives back to the community in some way.
Doing something meaningful for other people is clearly important to Mr Panjabi, who has given blood 69 times. But how he will give back, he says, he is still not sure.
"Something that, you know, after all these years ..." he hesitates.
"I can still go to the office, just to buy and sell products and all that. But do I want to do all this for the rest of my life? The answer is no. Let the next generation continue to grow their ideas.
"I would like to diversify doing some better work. We are not the creator, somebody else is the creator but we can save somebody's life ... or give some education to someone."
rjones@thenational.ae
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THE BIO
Occupation: Specialised chief medical laboratory technologist
Age: 78
Favourite destination: Always Al Ain “Dar Al Zain”
Hobbies: his work - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”
Other hobbies: football
Favorite football club: Al Ain Sports Club
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.”
RIDE%20ON
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
England squad
Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
FINAL RESULT
Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)
Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2
Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross
Rocketman
Director: Dexter Fletcher
Starring: Taron Egerton, Richard Madden, Jamie Bell
Rating: 3 out of 5 stars
Scores
Bournemouth 0-4 Liverpool
Arsenal 1-0 Huddersfield Town
Burnley 1-0 Brighton
Manchester United 4-1 Fulham
West Ham 3-2 Crystal Palace
Saturday fixtures:
Chelsea v Manchester City, 9.30pm (UAE)
Leicester City v Tottenham Hotspur, 11.45pm (UAE)
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Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
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if you go
The flights
Air France offer flights from Dubai and Abu Dhabi to Cayenne, connecting in Paris from Dh7,300.
The tour
Cox & Kings (coxandkings.com) has a 14-night Hidden Guianas tour of Guyana, Suriname and French Guiana. It includes accommodation, domestic flights, transfers, a local tour manager and guided sightseeing. Contact for price.
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Company%20Profile
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Draw:
Group A: Egypt, DR Congo, Uganda, Zimbabwe
Group B: Nigeria, Guinea, Madagascar, Burundi
Group C: Senegal, Algeria, Kenya, Tanzania
Group D: Morocco, Ivory Coast, South Africa, Namibia
Group E: Tunisia, Mali, Mauritania, Angola
Group F: Cameroon, Ghana, Benin, Guinea-Bissau
if you go
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Manchester City (0) v Liverpool (3)
Uefa Champions League, quarter-final, second leg
Where: Etihad Stadium
When: Tuesday, 10.45pm
Live on beIN Sports HD
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
No Shame
Lily Allen
(Parlophone)