As president and a founder of Bulldozer Group, Moscow-raised Alexander Orlov travels the world overseeing a restaurant empire. His Dubai investment and brand management hospitality company has opened high-end venues in the Middle East, US, Russia, Kazakhstan, Ukraine and Hong Kong and, in Dubai, successfully launched international brands including Novikov, Cipriani, Downtown Toko, Movida, VIP Room and Sass Café. The 46-year-old former film producer was recently in the DIFC to open Crab Market restaurant. Here he tells The National about his week.
SUNDAY
It depends where I am, but here I’m working Sundays. We’ve been focusing to open Crab Market and have a lot of meetings. I spend days in the venue, fixing issues, to coordinate everybody. If you want to have a successful restaurant you should be involved in all details, every lamp, starting from design and ending with the kitchen. Crab Market is a new concept I created. I have in mind already how it should look. Usually I am creating all my concepts. Cipriani already existed, but I have created a lot of restaurants in my life.
MONDAY
Usually weekdays, if not travelling, I wake up about 10am. I exercise, then go for business meetings. If here, I’m swimming in the sea. If not in a sea location I do yoga or jogging, around 30km per week. I workout every day; it gives me more energy. I do some boxing, gym. Typically every business day I have a lot of meetings, with partners, my team, with managers, chefs. Bulldozer means something very strong, something that goes straight, never stops. Our goal is to develop in the UAE and to grow in other markets like the US, Asia, London maybe. We developed a lot in Dubai. I have an apartment on Palm Jumeirah. It’s important to live in a quiet area. In Moscow I live outside the city, the countryside; it helps me recover. Our work is very stressful. After work I like to forget about any issues and focus on myself, my sport.
TUESDAY
The restaurant business is complicated. To control this business I travel a lot, every week. In each city I have a base, my apartment, my team, office. Hong Kong is too expensive so I live in a hotel, all my luggage in the Four Seasons, like an apartment. Same in New York, in a hotel, and London. I come to the airport 30 minutes before take off because I have a boarding pass and that’s it; I’m travelling without luggage, only a small bag. Time is very valuable. This is my lifestyle; I’m moving city to city, stay around five days to one week in one place. I fly commercial. Maybe in the future I will buy a private jet. I decide my schedule. I have teams everywhere and a lot of international calls, video meetings. I should be where a new restaurant is opening. They can’t open without me.
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WEDNESDAY
We’re expanding a lot. This year we open two or three more restaurants in Dubai; a Japanese restaurant in Dubai Mall. We’re negotiating to get the same concept in Nakheel Mall, Palm Jumeirah. In DIFC we have a good location to put a Chinese restaurant. It is one of the best areas. We do research and brainstorming, think a lot before we get a location. A lot of information is coming every day.
THURSDAY
Sometimes I have a very long day. When we create a new menu with chefs we can spend until 2am in the restaurant. For us it is time to create our own brands here. That’s why we created Crab Market, BASE nightclub also. It’s more interesting to develop your own brands. I can’t say I have a favourite. Each is important for me. We will open (a restaurant), then I leave for a few days, then come back… I keep control maybe for two or three months after opening. I am very active like that. If I’m not in Dubai I speak with my team every day, so I keep controlling. I am tough with my employees, with everybody. In this business you should be tough; it’s only one way.
FRIDAY
In the morning, usually, I communicate with everybody in different areas. At the end of the day I spend one/two hours communicating with the US, for example, countries in different time zones. Friday I’m working with other countries, video calls. A good restaurant for me is profitable, first of all. To be profitable there should be a lot of things like design, atmosphere, food, service and if they connect … concept and pricing is also important. I’m very open to suggestions. I like modern art, am a collector, I have a lot of paintings, some sculptures. I’m looking for something different in my collection. I like DIFC, there are a lot of galleries; it is very contemporary. There is Art Dubai, then Hong Kong Art Basel. I keep in mind these dates and make my schedule.
SATURDAY
I try to keep Saturday and Sunday as days off; I meet friends, spend time with my children; in Russia, some in Britain, studying. Sometimes I’m just chilling. I find it easy to switch off. I do sports. Everywhere I have shoes, sports wear. Sometimes I look at new competitor restaurants, new concepts, but usually I am in my restaurants dining, keeping an eye on service, food, everything; everywhere. Staff should see the owner controls them.
Fixtures
Sunday, December 8, Sharjah Cricket Stadium – UAE v USA
Monday, December 9, Sharjah Cricket Stadium – USA v Scotland
Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland
Thursday, December 12, ICC Academy, Dubai – UAE v USA
Saturday, December 14, ICC Academy, Dubai – USA v Scotland
Sunday, December 15, ICC Academy, Dubai – UAE v Scotland
Note: All matches start at 10am, admission is free
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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The specs: 2018 Range Rover Velar R-Dynamic HSE
Price, base / as tested: Dh263,235 / Dh420,000
Engine: 3.0-litre supercharged V6
Power 375hp @ 6,500rpm
Torque: 450Nm @ 3,500rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 9.4L / 100kms
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
WWE TLC results
Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair
Dean Ambrose won the Intercontinental title against Seth Rollins
Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles
Ronda Rousey retained the Raw Women's Championship against Nia Jax
Rey Mysterio beat Randy Orton in a chairs match
Finn Balor defeated Drew McIntyre
Natalya beat Ruby Riott in a tables match
Braun Strowman beat Baron Corbin in a TLC match
Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day
R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
Seemar’s top six for the Dubai World Cup Carnival:
1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition
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 specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
Results
4pm: Maiden; Dh165,000 (Dirt); 1,400m
Winner: Solar Shower; William Lee (jockey); Helal Al Alawi (trainer)
4.35pm: Handicap; Dh165,000 (D); 2,000m
Winner: Thaaqib; Antonio Fresu; Erwan Charpy.
5.10pm: Maiden; Dh165,000 (Turf); 1,800m
Winner: Bila Shak; Adrie de Vries; Fawzi Nass
5.45pm: Handicap; Dh175,000 (D); 1,200m
Winner: Beachcomber Bay; Richard Mullen; Satish Seemar
6.20pm: Handicap; Dh205,000 (T); 1,800m
Winner: Muzdawaj; Jim Crowley; Musabah Al Muhairi
6.55pm: Handicap; Dh185,000 (D); 1,600m
Winner: Mazeed; Tadhg O’Shea; Satish Seemar
7.30pm: Handicap; Dh205,000 (T); 1,200m
Winner: Riflescope; Tadhg O’Shea; Satish Seemar.
The specs: 2017 Porsche 718 Cayman
Price, base / as tested Dh222,500 / Dh296,870
Engine 2.0L, flat four-cylinder
Transmission Seven-speed PDK
Power 300hp @ 6,500rpm
Torque 380hp @ 1,950rpm
Fuel economy, combined 6.9L / 100km
Australia tour of Pakistan
March 4-8: First Test, Rawalpindi
March 12-16: Second Test, Karachi
March 21-25: Third Test, Lahore
March 29: First ODI, Rawalpindi
March 31: Second ODI, Rawalpindi
April 2: Third ODI, Rawalpindi
April 5: T20I, Rawalpindi
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Expo details
Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia
The world fair will run for six months from October 20, 2020 to April 10, 2021.
It is expected to attract 25 million visits
Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.
More than 30,000 volunteers are required for Expo 2020
The site covers a total of 4.38 sqkm, including a 2 sqkm gated area
It is located adjacent to Al Maktoum International Airport in Dubai South
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
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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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million