Alexi Trenouth, whose charitable ways began early, stands in the Dubai offices of her employer, Mission to Seafarers.
Alexi Trenouth, whose charitable ways began early, stands in the Dubai offices of her employer, Mission to Seafarers.

My mission is maximum fund-raising



I've always been a bit of a saver. My piggy bank was usually full and my younger sister, Victoria, would steal from it. I was really careful about what I spent my money on; I was the annoying one. When my sister was at university and I was at boarding school I now and then bailed her out by sending £20 (Dh112) in the post. I grew up and went to school in Dubai, and my family has also lived in Kuwait and Abu Dhabi. My mum was an English teacher and my dad worked as a civil engineer.

I work for the Mission to Seafarers in Dubai, a charity that looks after the well-being of mariners all over the world; it has been operating in the UAE since 1962. In 2006, the charity launched The Angel Appeal to build and equip a boat that could go to sea and deliver necessities to seafarers anchored off the coast. Many of the mariners have to stay on the vessels for months at a time, sometimes without pay. They cannot come ashore because the costs are too great for the ships' operators and because of time restrictions.

One of the biggest problems seafarers face is loneliness and isolation, so in order to alleviate these issues we take them phone cards, internet access, a welfare officer, clothing, and in the case of one ship even food and water, as the crew had not been paid for months. My job is diverse - I organise events, give presentations, manage the website and write newsletters and thank you letters. I try to go out on the boat once a month.

I've been involved with charities since I was at school; I'm now 25. My parents drilled in to me that my CV would look like everyone else's if I didn't do these different things. Growing up in Dubai, I was jealous of my friends in the UK. I thought they were really grown-up having part-time jobs like paper rounds and office work. It's hard in Dubai for kids to work. At school, we were encouraged to volunteer as part of a UK schools scheme called Duke of Edinburgh, which encourages social responsibility.

I went to Dubai College until I was 15, and then to boarding school at Uppingham in the UK for two years, from 2000 to 2002. As soon as I was in the UK I got a summer job waitressing in Southampton. I was hired at an agency and worked at weddings and the Southampton Boat Show, among other places. After I graduated from school in England, in 2002, I returned to Dubai. I took a year off and then worked a few jobs for four months, including data entry and working at exhibitions. I was earning much more than I would in the UK, about Dh50 an hour, as opposed to around Dh18 per hour in the UK.

I was living at home and saving nearly all of my salary. Then I volunteered for a charity in Thailand for four months and travelled for another four months after that. The money I'd saved saw me through. I went to university in 2003, at the University of Edinburgh. I started off doing mechanical engineering, but after a few days I realised I'd chosen the wrong course, so I switched to economics. I did that for two years, but realised that wasn't for me, either, because it was so boring. I'd been doing some extra subjects at the same time, and one of those was Farsi. I loved it, so I decided to enrol in the programme full time. In the UK, a university might advertise a course but not always fill it; I ended up being the only student in the class.

I got quite a lot of one-on-one instruction. As part of the course, I lived in Tehran for a year and did research, including a study on women coping with HIV in the country. My lodgings were in the British Council, which paid for my living expenses while I was there. My family gave me an allowance during university because they didn't want me to have to take out a loan. A lot of my friends had loans and an allowance from their parents and still ended up in debt. My family has a spreadsheet somewhere listing all the money that I owe them, and they pull it out every now and then.

I always had a job in university, including working in horrible nightclubs with shifts lasting until 4am. For the last two years I worked in a restaurant, and loved doing that. I actually saved about £2,000 during that time. I volunteered throughout university at a charity called Edinburgh Global Partnership, which is student-run and sends volunteers abroad to various projects. I went to South Africa and taught English for students with special needs, and worked in HIV education in Uganda.

When I finally graduated, in 2008, I carried on working in a restaurant for four months. That paid about £6 per hour, but tips were really good. I returned to Dubai in October 2008. I didn't think I'd be able continue my charitable work, but then I heard from a friend that the Angel Appeal was recruiting. The charity work I've done has changed how I think about money. I see how far money can go. When you're going home at night and start chatting to the taxi driver, you realise how simply he lives while away from his family. If you've just spent Dh700 on a night out, there's something a bit obscene about that.

I'm still a saver, but I have become better at spending money. I prefer to spend on things like seeing my family. My sister is in Australia and my parents are in Portugal at the moment, where they live on a boat. They spend the summers sailing and winters in Dubai, where they have a flat in the Green Community. Being able to see them and buy my little nephew presents matters a lot to me. I've just come back from Australia and there were no holds on my spending there.

I share an apartment in The Greens with a friend. I don't keep a budget, but I send money back to my UK current account. I've probably sent around Dh10,000 so far. I like shopping, although I spend more on food and entertaining. Mall of the Emirates is a bit of a vice, as it's on the way home from work. It's drinking that jacks up the price of going out, so we'll sit on the balcony and have friends around instead. A particularly busy weekend might be going to the Meridien Terrace for the all-inclusive buffet, which costs Dh190, or a nice meal at a restaurant another night. An average spend might be Dh200 to Dh300. I think Dh500 is a bit much for a regular night out.

There is a huge disparity in Dubai, and the seafarers particularly are invisible here. They might earn around US$400 (Dh1,469) a month and still manage to send most of it home. The problem is when they don't get paid at all. We've just been dealing with a ship whose crew haven't been paid in four months and are stuck in port. Last summer there was a ship in Fujairah in a similar situation and the crew had no air conditioning, food or water. In that case it's not about not having money - it's about having nothing at all.

Donations fund the running costs of the Flying Angel - about $750 a day, which includes fuel, crew costs and maintenance. At Christmas we distributed more than 4,000 presents; at Easter we took out cakes and Easter eggs to the seafarers. During last Christmas we also gave everyone a free phone call home. The store on the Flying Angel stocks electronics, DVDs, snacks, toiletries, clothes, fishing equipment - things that we on land take for granted.

It can be very revealing in fund-raising when you ask for help, as you see where priorities lie. Ships bring in 99.3 per cent of everything we have in the UAE, and without the workers, we'd not be able to buy any of the things we take for granted. Some people are incredibly generous and realise how lucky they are to earn the money they do here. It is easy to think Dubai is a very greedy place, but there are many many people here who looking for ways to give back.

* As told to Jola Chudy

Defined benefit and defined contribution schemes explained

Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

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Engine: Dual synchronous electric motors
Power: 1,108hp
Torque: 1,340Nm
Transmission: Single-speed automatic (front axle); two-speed transmission (rear axle)
Touring range: 488-560km
Price: From Dh928,400
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Secret Nation: The Hidden Armenians of Turkey
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Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

The specs

Powertrain: Single electric motor
Power: 201hp
Torque: 310Nm
Transmission: Single-speed auto
Battery: 53kWh lithium-ion battery pack (GS base model); 70kWh battery pack (GF)
Touring range: 350km (GS); 480km (GF)
Price: From Dh129,900 (GS); Dh149,000 (GF)
On sale: Now

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

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Torque: 560Nm

Price: Dh184,500

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

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MATCH DETAILS

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Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

Ajax 4

Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55) 

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

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COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

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Engine: 3.0-litre flat-six twin-turbocharged

Transmission: eight-speed PDK automatic

Power: 445bhp

Torque: 530Nm

Price: Dh474,600

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Price, base: Dh132,000

Engine: 3.6-litre V6

Gearbox: Eight-speed automatic

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Torque: 347Nm @ 4,100rpm

Fuel economy, combined: 9.6L to 10.3L / 100km

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.”

MO

Creators: Mohammed Amer, Ramy Youssef

Stars: Mohammed Amer, Teresa Ruiz, Omar Elba

Rating: 4/5

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Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

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

Tips for travelling while needing dialysis
  • Inform your doctor about your plans. 
  • Ask about your treatment so you know how it works. 
  • Pay attention to your health if you travel to a hot destination. 
  • Plan your trip well. 
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