Abu Dhabi moves against taxi touts


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The days of illegal taxi touting in the capital may be numbered, with Abu Dhabi authorities planning a crackdown after receiving a flurry of complaints from cruise ship passengers. Some holidaymakers who have arrived in Abu Dhabi by sea since Royal Caribbean began cruises to the capital in January say they have been charged as much as Dh100 (US$27) for the journey of less than 10km from Mina Zayed to Emirates Palace hotel and that crowds of taxi drivers harass them for business at the quayside.

Licensed taxi operators in the capital said such a journey should cost only about Dh15. Taxi drivers are not permitted to tout for business. Similar problems with taxis in Bahrain were a significant factor in the Miami-based cruise line's decision to drop the destination from its itinerary. "The Abu Dhabi Tourism Authority (ADTA) is aware of some instances of the behaviour cited and has already taken a number of significant actions to improve the quality and conduct of taxi and other services provided to cruise visitors," the ADTA said in a statement, adding that touting was "unacceptable".

Royal Caribbean has brought more than 32,000 tourists to the capital in the first four months of the year, with more than 2,000 passengers on each cruise. Helen Beck, the regional sales director at Royal Caribbean, said she had first-hand experience of the problem. She said a taxi driver tried to charge her Dh100 to travel from Mina Zayed to Emirates Palace, a price she managed to negotiate down to about Dh30.

A spokeswoman for TransAD, the Abu Dhabi agency that oversees taxis, said only "silver" taxis were allowed entry to the port, adding that "the said incidents may have happened with the old taxis [gold and white] as the passenger might have taken the taxi from outside the port". She said there was a notice in silver taxis advising passengers that the trip would be free if the driver did not switch on the meter.

"TransAD compliance department is closely monitoring the performance of the silver taxis [that] are taking passengers from inside the port in co-ordination with the port security officials," she said. ADTA said it "recognises the critical role it has to play in monitoring and, as appropriate, managing visitor satisfaction with the wide range of services and facilities visitors use during a typical trip to Abu Dhabi. Working with port authorities and cruise companies, we have ensured that modern, metered taxis are available to guests within the port."

Ms Beck said feedback on Abu Dhabi from passengers was otherwise largely positive but added that for some visitors, the problem with taxi drivers did tarnish the experience. ADTA is carrying out a feasibility study on building a dedicated cruise terminal as it aims to attract 300 ships and more than 600,000 passengers a year by 2030. rbundhun@thenational.ae

UAE currency: the story behind the money in your pockets
Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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.”