Money is no object for Ruba Abdul-Hadi when it comes to birthday parties. Not only does she plan months in advance - with a party planner, of course - but she also believes that the unique memories she has created for her children are priceless.
Ms Abdul-Hadi, who is originally from Jordan and has lived in Dubai for 11 years, recently celebrated her daughter Dina's fifth birthday, pulling out all the stops with a Hannah Montana theme for 50 of her friends at the Lakes Club in Dubai.
"Every party I give my child is a surprise," she says. "I don't tell people what I am going to do. You never know what will work. You don't have to be traditional - I just go ahead with something new."
The party featured many touches you could expect at a gala event: a balloon-arch entrance complete with a red carpet, fabric-covered chairs with silky-pink bows and colourful table centrepieces.
It also featured crowd pleasers such as a dinosaur slide and jumping castle, Hannah Montana music and games by Cheeky Monkey, the Dubai-based children's entertainers.
After spending Dh200 to Dh300 per child at her daughter's party, Ms Abdul-Hadi is already busy making plans for her son Kareem's eighth birthday in March. Over the past few years, she has organised several parties for her children, typically spending between Dh10,000 and Dh15,000 for each bash.
Not everyone will go to these lengths for their child's special day. But whether you invite 50 guests or five, parties often represent a significant investment in time and money.
Chelsea Mundy-van der Spek, an event planner at Tiny Bean Events in Dubai, has organised parties big and small for a variety of budgets. Originally from Australia, she first opened her doors in February 2009, and business was tough. She organised just 40 parties that year, mostly through the recommendations of friends. But business is now booming, and last year Ms Mundy-van der Spek planned more than 170 events.
Birthdays are big business, with many party planners in the UAE offering their services, such as Special Ocasions (www.specialoccasions.ae), Dubai Party Planner (www.dubaipartyplanner.com) and Couture Events (www.couturevents.ae).
Ms Mundy-van der Spek says residents are often keen on having special events to remember.
"Arabs are so hospitable and welcoming," she says. "They never want to leave anyone out and they don't do things by halves."
While parties for Ms Abdul-Hadi's children were quite expensive, Ms Mundy-van der Spek adds that the average event includes about 20 guests and costs between Dh3,500 and Dh5,000.
Being a mum herself, she says clients want unique parties that are affordable. Ms Mundy-van der Spek's relationship with suppliers means she can often source quality items at competitive prices, and many of the unique decorations she uses, such as water bottles with a picture of the birthday girl or boy on them, can be purchased online from overseas.
"This does not have to break the budget," she says.
"We offer flexible packages and the mum can choose to do as little or as much as she wants herself."
In Abu Dhabi, she says, there is a strong trend to host parties at home or in the park. This eliminates the cost of booking a venue and allows the parents to handle the catering themselves.
"For these events I can simply deliver the tables and chairs," Ms Mundy-van der Spek says. "Mums use their creativity to cook the snacks and do the decorations themselves."
Clodagh Girvan falls into this category.
Ms Girvan hired Tiny Bean Events for her daughter Anna's fifth birthday because she works full time. She simply didn't have time to coordinate the various suppliers.
Having just moved from Al Ain to Abu Dhabi, the party was only a small group of about 10 children. Ms Girvan opted for a special package, spending about Dh1,000 on tables and chairs, gift bags, plates, napkins, cutlery, personalised water bottles and individual snack packs from Jones the Grocer.
The party was held under a shady cabana just off the Abu Dhabi Corniche. A bright pink tent, sparkle studded tiaras, wands and a gold crown for the boys added to the festivities. Instead of hiring an entertainer, Ms Girvan spent a further Dh175 on special prizes for games she ran herself.
"I think birthdays are big events at this age. Anna counts the days," she says. "She lives from birthday to birthday."
Light snacks for the adults ran about Dh180, and after doing some research she discovered that a hand-made birthday cake by a qualified pastry chef cost about the same as a cake from the supermarket.
Anna's fairy princess cake was made by Mirabel Café in Abu Dhabi and cost Dh190. In total, this party cost approximately Dh1,500, or Dh150 per child, and Ms Girvan says she is satisfied that she got her money's worth.
But for Dina's party, Ms Abdul-Hadi was willing to spend more so she could have the peace of mind to simply enjoy her daughter's party as a guest. "You cannot put a price on this, and with Chelsea everything is so well organized," she says.
Tiny Bean Events charged Ms Abdul-Hadi approximately Dh3,500 to co-ordinate suppliers and oversee the management of the party.
Booking the venue at the Lakes Club in Dubai cost Dh800. Meals were priced at between Dh55 to Dh75 per child. At previous parties, Ms Abdul-Hadi provided high-priced sandwiches for the adults, but she has recently taken them off the menu. "As much as we claim we want to be healthy, most mums can't resist the fries and prefer to share burgers, pasta and pizza with the children," she adds.
She says the party bags for the guests are also an important touch. "The kids don't care what is inside as long as they get a bag, even if they are 12 years old."
Ms Abdul-Hadi also spent Dh2,400 for two entertainers from Cheeky Monkey (www.cheekymonkeyparties.com) to entertain the children for two hours.
"Unfortunately, kids these days don't know how to play on their own," she says. "Without music, I am afraid they might get bored."
The children did participate enthusiastically in the choreographed games and danced away to the Hannah Montana music, all of which helped to create a big party atmosphere. Every year she questions whether to hire a bouncing castle, and this time the pink dinosaur added Dh1,000 to the bill.
Although she is aware of various other party-planner companies in Dubai, she continues to book with Ms Mundy-van der Spek because she is flexible. If there is something she doesn't like, the planner comes up with a better option.
"She is not arrogant and there is no conflict dealing with her," Ms Abdul-Hadi says. "She is always on my side."
If costs are an issue, joining forces with other parents and children is another option.
Paloma Berenguer, originally from Spain, recently hosted a joint party for her daughter, Saskia.
Ella, one of Saskia's classmates, was also celebrating her fifth birthday around the same time. To save money, the families decided to split all the costs and organisation. They hosted a Hello Kitty picnic party in Khalidiya Park in Abu Dhabi. Both families agree that coming up with creative ideas and making sure that things ran smoothly on the day definitely required some time and effort. To source the decorations, piñata, balloons and party bags they made a special trip to My Party Centre (www.mypartycentre.com) at Al Raha Mall.
The brightly coloured lunch boxes and a pretty blue cushion for each child were sourced from Ikea. The Hello Kitty birthday cake was ordered over the telephone and collected from Tickls Celebration Cakes in Khalifa City (www.ticklscakes.com).
"There is no way I would have had time to do this party if I was working." says Ms Berenguer, who only recently arrived in the UAE and is currently on maternity leave.
While the mums were the main organisers, the dads also pitched in to make their daughters' day special. Saskia's dad organised the games and Ella's dad strummed away on a guitar and serenaded the children to Puff the Magic Dragon.
By doing the catering and entertainment themselves, and not hiring a venue, the party cost a very reasonable Dh2,424, or Dh86 per child.
"But in the end the money didn't matter," Ms Berenguer says.
"The excitement and pure enjoyment on the girls' faces made it all worthwhile."
pf@thenational.ae
The%20Little%20Mermaid%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rob%20Marshall%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EHalle%20Bailey%2C%20Jonah%20Hauer-King%2C%20Melissa%20McCarthy%2C%20Javier%20Bardem%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
KILLING OF QASSEM SULEIMANI
The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
Russia's Muslim Heartlands
Dominic Rubin, Oxford
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.
WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
%3Cp%3EVara%20will%20cater%20to%20three%20categories%20of%20companies%20in%20Dubai%20(except%20the%20DIFC)%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20A%3A%3C%2Fstrong%3E%20Minimum%20viable%20product%20(MVP)%20applicants%20that%20are%20currently%20in%20the%20process%20of%20securing%20an%20MVP%20licence%3A%20This%20is%20a%20three-stage%20process%20starting%20with%20%5B1%5D%20a%20provisional%20permit%2C%20graduating%20to%20%5B2%5D%20preparatory%20licence%20and%20concluding%20with%20%5B3%5D%20operational%20licence.%20Applicants%20that%20are%20already%20in%20the%20MVP%20process%20will%20be%20advised%20by%20Vara%20to%20either%20continue%20within%20the%20MVP%20framework%20or%20be%20transitioned%20to%20the%20full%20market%20product%20licensing%20process.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20B%3A%3C%2Fstrong%3E%20Existing%20legacy%20virtual%20asset%20service%20providers%20prior%20to%20February%207%2C%202023%2C%20which%20are%20required%20to%20come%20under%20Vara%20supervision.%20All%20operating%20service%20proviers%20in%20Dubai%20(excluding%20the%20DIFC)%20fall%20under%20Vara%E2%80%99s%20supervision.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20C%3A%3C%2Fstrong%3E%20New%20applicants%20seeking%20a%20Vara%20licence%20or%20existing%20applicants%20adding%20new%20activities.%20All%20applicants%20that%20do%20not%20fall%20under%20Category%20A%20or%20B%20can%20begin%20the%20application%20process%20through%20their%20current%20or%20prospective%20commercial%20licensor%20%E2%80%94%20the%20DET%20or%20Free%20Zone%20Authority%20%E2%80%94%20or%20directly%20through%20Vara%20in%20the%20instance%20that%20they%20have%20yet%20to%20determine%20the%20commercial%20operating%20zone%20in%20Dubai.%C2%A0%3C%2Fp%3E%0A
THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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 cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5