Kanat Kutluk is the co-owner of Dubai-based Turkish coffee shop Selamlique Istanbul. Sarah Dea / The National
Kanat Kutluk is the co-owner of Dubai-based Turkish coffee shop Selamlique Istanbul. Sarah Dea / The National
Kanat Kutluk is the co-owner of Dubai-based Turkish coffee shop Selamlique Istanbul. Sarah Dea / The National
Kanat Kutluk is the co-owner of Dubai-based Turkish coffee shop Selamlique Istanbul. Sarah Dea / The National

Sweetness on the side with java Turkish style


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Kanat Kutluk, a former regional manager of the US chemical company Ecolab, opened his Dubai-based Turkish coffee shop, Selamlique Istanbul, in March. Mr Kutluk, 39, who is also studying for an executive MBA, talks about his passion to represent Turkey and its coffee.

You worked for Ecolab for 14 years. Why did you leave in February?

I was thinking of doing something on my own along with my Emirati friend Mansoor Al Bastaki. The idea [for the cafe] came from not being able to find good quality Turkish coffee.

Why choose the Selamlique brand, which was launched in Turkey only three years ago?

There are old coffee shops in Turkey but Selamlique has no real competition. It wanted to be a worldwide brand with an elegant look with side ingredients like silver spoons, gift items and coffee cups. It imports Arabica beans from Brazil, and has a small factory in Izmir, Turkey, which is also where I come from.

What are your plans for Selamlique?

We started supplying Selamlique coffee to hotels and by the time we opened the retail store, we were supplying to 10 hotels in Dubai and Abu Dhabi. Our first customer was Jumeirah Zabeel Saray. Then we moved to other Jumeirah hotels, Ritz-Carlton, Sofitel, Anantara Eastern Mangroves in Abu Dhabi, Rocco Forte and Etihad Towers. We plan to open a store in a hotel in Abu Dhabi by the end of this year and, by the first quarter of 2014, a store in Qatar. We are also in talks to open a store in Bahrain.

How much did you invest in the store?

We invested US$200,000 in decorations and materials alone. It's in a stand-alone villa, and everything from the floor tiles to carpets and furniture are from Turkey. A 20cm by 20cm tile with Ottoman-era designs weighs three kilograms, and for a 50-square metre space we shipped in two tonnes of tiles. It also has a small bookstore.

What differentiates you from other Turkish coffee shops in town?

Before we had only traditional Turkish coffee, which is widely taken, sometimes with cardamom. We added four flavours: cinnamon, chocolate, dark roast double blend and mastic, which is a gum that comes from trees in Greece and Turkey. The store also has Turkish delight, some with gold crust and other delicacies such as almonds covered with chocolate. Turkish coffee is traditionally taken without sugar but we have Turkish delight on the side to balance out the bitterness and a glass of water. When we started supplying to hotels, we trained the staff, who were from, say, China, Nepal and India, in the methodology on how the coffee is [prepared] and served. The foam of the coffee after boiling it for three to five minutes, for instance, is the most important part of coffee. In three months, we will introduce decaf Turkish coffee.

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Results

Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai

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Dos

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  • 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
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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

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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 Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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  • 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.
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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Director: Todd Phillips 

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
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Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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