Abu Dubai Retail is giving everyone plenty of motivation to enjoy the cool of the capital’s malls this summer by offering some of the year’s biggest and most exciting discounts.
A huge sale is under way until September 10 with Abu Dhabi Summer Shopping Season, featuring savings of up to 80 per cent across more than 25 malls and 3,500 retailers.
On top of that wallet-friendly campaign, Abu Dhabi Retail’s big Shop, Scratch and Win competition runs from August 1 until August 31, giving shoppers a chance to land some enviable prizes.
Mall visitors should also watch out for a multitude of imaginative activations, including masterclasses, workshops and much more lined up every week.
These are happening at various destinations and designed to showcase the city and other malls around the emirate as a prime shopping experience. So, what can visitors expect of Abu Dhabi Summer Shopping Season?
Under the banner of #SummerOfStyle, Abu Dhabi Retail is launching its Shop, Scratch and Win initiative to enable lucky shoppers an opportunity to win daily during the next few weeks.
And it is simple to enter - if someone spends more than Dh300 in one transaction in any participating mall in Abu Dhabi, they are eligible to participate, by visiting shopandwinabudhabi.com, registering and uploading the relevant receipt.
They are then in the running to win “incredible summer prizes” such as Abu Dhabi hotel staycations, beach day passes, tasty culinary experiences, spa discounts, and much more.
Abu Dhabi Retail is also revealing the latest lineup of exciting activations it says will continue to illuminate the capital during another busy Abu Dhabi Summer Shopping Season.
Its inaugural event - a Bag-Styling Session with Carolina Herrera on July 6 - was a huge success. This was followed by a full house at the Personalised Beauty Masterclass with Kiko Milano at Yas Mall on July 12.
Shoppers across Abu Dhabi can indulge in a variety of other activations and events hosted by renowned fashion and beauty personalities at a range of prominent locations every week during the summer, until September 8.
These venues include landmark retail destinations such as Yas Mall, Abu Dhabi Mall, The Galleria Mall Al Maryah Island, Mushrif Mall, Marina Mall Abu Dhabi, and Reem Mall.
Also in the campaign are centres such as Al Dhafra Mall, Al Foah Mall, Al Raha Mall, Al Wahda Mall and Madinat Zayed, in Abu Dhabi city centre along with WTC, and Al Ain’s Al Jimi Mall and Makani Al Ain Mall.
Abu Dhabi Retail says its summer calendar is jam-packed with an extraordinary series of masterclasses, workshops, and much more, aimed at elevating the shopping experience to even greater heights.
It declares the season a chance to become immersed in a world of fashion, beauty, and lifestyle as Abu Dhabi’s premier malls come alive with captivating events and experiences, with something for the whole family.
A visit to the Abu Dhabi Retail website will reveal the full schedule as it is confirmed, including timings and mall locations, as well as the brands - both global and regional - that are seeking to get on your radar and be part of your lifestyle.
Abu Dhabi Retail has become renowned for its citywide campaigns to showcase the best of the emirate’s year-round retail programming. This includes the Winter Shopping Season, a special Ramadan campaign, as well as the current summer season experience, which actually began on June 23 and runs until September 10.
Shoppers visiting Dalma Mall, Khalidiyah Mall, Deerfields, Bawadi Mall, Forsan Central, Bawabat Al Sharq Mall, Barari Mall, Hili Mall, Fotouh Alkhair Centre, and Mazyad Mall, can also participate.
Find out more and keep up to date with what’s going on during Abu Dhabi Summer Shopping Season, #SummerOfStyle by following @AbuDhabiRetail on Instagram.
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
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- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Glossary of a stock market revolution
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Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
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 BIO
Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
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The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
