Ahad Foundation volunteers distribute aid to residents of the town of Al Musannah in Oman's Al Batinah region. Photo: Ahad Foundation
Ahad Foundation volunteers distribute aid to residents of the town of Al Musannah in Oman's Al Batinah region. Photo: Ahad Foundation
Ahad Foundation volunteers distribute aid to residents of the town of Al Musannah in Oman's Al Batinah region. Photo: Ahad Foundation
Ahad Foundation volunteers distribute aid to residents of the town of Al Musannah in Oman's Al Batinah region. Photo: Ahad Foundation

Omani women come together to help Cyclone Shaheen victims


Saleh Al Shaibany
  • English
  • Arabic

Women volunteers from Oman's Ahad Foundation on Sunday distributed aid in areas affected by Cyclone Shaheen as the sultanate marked Omani Women's Day.

The foundation was set up in January by Oman’s First Lady, Ahad Al Busaidiyah, wife of Sultan Haitham, to help women, people with disabilities and low-income Omanis.

Volunteers of the Ahad Foundation who took part in an aid distribution drive for Omanis affected by Cyclone Shaheen. Photo: Ahad Foundation
Volunteers of the Ahad Foundation who took part in an aid distribution drive for Omanis affected by Cyclone Shaheen. Photo: Ahad Foundation

“The aim of Ahad Foundation today is to provide women and children in the cyclone-affected areas with emergency requirements," Ahmed Al Shikeili, director of communications and media in the royal court, told The National on Sunday.

Cyclone Shaheen hit Oman on October 3, causing 12 deaths and widespread damage that forced more than 5,000 people to move to shelters set up by the government.

Most of the damage was in the towns of Al Musannah, Suwaiq, Saham, Khaburah and Sohar in the Batinah region, which was hit by winds of 110 kilometres per hour and 12-metre waves.

On Sunday, volunteers of all ages took part in the distribution of packets of food, clothes and household items in seven cyclone-affected towns.

“Female volunteers as young as 17 and women in their 60s are here to help. It is a very worthy contribution.. in a very honourable and humanitarian way. It is rewarding to see many happy faces when we drop the supplies to them,” Mayam Al Habsi, one of the volunteers, told The National.

Women and men in the Batinah region praised the effort.

“It is good to see a group of women coming with loaded vehicles to help us with our losses," Fahima Al Hadhrami, from Al Musannah, told The National.

"They are distributing all the basic requirements that we lost in the cyclone. My family and I are very grateful."

A convoy of lorries carries aid from the Ahad Foundation to cyclone-affected areas of Oman. Photo: Ahad Foundation
A convoy of lorries carries aid from the Ahad Foundation to cyclone-affected areas of Oman. Photo: Ahad Foundation

Rashid Al Harthi, a civil servant whose house in Al Musanah was damaged by the cyclone was also among the beneficiaries. “The fact that there is a woman in every household affected by the flood, means men also are benefiting from the supply," he said.

"Now I know and fully acknowledge the contributions of our women in our society.”

Omani women have been among the first in the region to occupy important and diverse positions both locally and internationally
Lamya Al Hajj,
associate professor of Molecular Biology at Sultan Qaboos University

Lamya Al Hajj, an associate professor of Molecular Biology at Sultan Qaboos University and a member of Ahad Foundation, said women had contributed greatly to Oman's development.

“Today we celebrate the achievements of Omani women in the development of this great country. Omani women have been among the first in the region to occupy important and diverse positions both locally and internationally and have taken big strides towards the development of Oman,” said Dr Al Hajj, who was honoured by the first lady this year for her contributions to women's empowerment.

Oman’s First Lady, Ahad Al Busaidiyah, right, honours Dr Lamya Al Hajj for her work in women's empowerment. Photo: Dr Lamya Al Hajj
Oman’s First Lady, Ahad Al Busaidiyah, right, honours Dr Lamya Al Hajj for her work in women's empowerment. Photo: Dr Lamya Al Hajj

The first lady has been honouring Omani women in different professions since Sultan Haitham succeeded his cousin, Sultan Qaboos, who died in January last year after ruling Oman for five decades.

Oman has three women in the Cabinet, holding the portfolios of education, higher education and social development. There are two women representatives in the Majlis Al Shura, an elected body which advises the government, and 12 in the state consultative council, which advises the sultan.

If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

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Most wins by a horse: Godolphin’s Thunder Snow(2)

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
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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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Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

Updated: November 01, 2021, 12:29 PM