Gaar Adams, who works in the admissions office of New York University Abu Dhabi and is a member of the Abu Dhabi Figure Skating Team, practises at the Marina Mall ice rink.
Gaar Adams, who works in the admissions office of New York University Abu Dhabi and is a member of the Abu Dhabi Figure Skating Team, practises at the Marina Mall ice rink.
Gaar Adams, who works in the admissions office of New York University Abu Dhabi and is a member of the Abu Dhabi Figure Skating Team, practises at the Marina Mall ice rink.
Gaar Adams, who works in the admissions office of New York University Abu Dhabi and is a member of the Abu Dhabi Figure Skating Team, practises at the Marina Mall ice rink.

Skater happy his passion is back on ice


  • English
  • Arabic

When Gaar Adams isn't working in the admissions office of New York University Abu Dhabi (NYUAD), he can often be found chilling out at a local ice rink. The member of the Abu Dhabi Figure Skating Team talks about how a serious injury triggered his passion for the sport.

You're sort of a jack-of-all-trades at NYUAD. What do you do?

I have a multifaceted position in which I work in admissions, academic affairs and student life. All sorts of things.

What's the admissions process like?

NYUAD just started in September and we had about 8,000 to 9,000 applications for 150 spots. We have candidate weekends, where top applicants come in on different weekends to take classes, have interviews and see if NYUAD is a fit for them, or a fit for us. I help host them and give tours.

What first got you interested in figure skating?

I was a nationally competitive gymnast in the US until a serious spinal injury at 13, when I fell on my neck in the gym. After spinal fusion surgery, four months in a spinal halo, and nearly becoming a quadriplegic, I was told I couldn't do gymnastics anymore. So after my recovery, I took up figure skating at 14 and progressed quickly. I skated competitively for four years in high school before largely hanging up my skates during college.

People passionate about figure skating don't often migrate to the Middle East.

I studied Middle Eastern and Islamic studies at New York University and lived in Yemen for six months. Obviously, I couldn't skate then. I moved here in July. While we have an Olympic-sized rink here in Abu Dhabi, there's not the selection to buy skates. In January, I got new skates shipped to me.

And now you're back to being a regular?

Now that my schedule has evened out. It's nice to know I can train for hours on the weekend in the rink. It's something that's going to be part of my life from now on, and augmenting my work.

How so?

I am going to do some competitions. I haven't competed in years. There's one in the Philippines in the fall, and I'm aiming for that as kind of my big welcome back to the sport.

Do your colleagues from NYUAD ever join you at practice?

None of them skate too much. It's kind of funny to go with people who aren't the best. I kind of get a kick out of teaching and coaching them. People always need pointers on the ice.

MATCH INFO

Chelsea 3 (Abraham 11', 17', 74')

Luton Town 1 (Clark 30')

Man of the match Abraham (Chelsea)

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

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.”

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The Specs

Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%20and%203.6-litre%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20235hp%20and%20310hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E258Nm%20and%20271Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh185%2C100%0D%3Cbr%3E%3C%2Fp%3E%0A
Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

UAE currency: the story behind the money in your pockets
How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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