In 1826, a pharmacist from the small alpine city of Chur, in eastern Switzerland, undertook a day-long journey through the mountains to the tiny village of Vals.
For 300 years, the 30°C water bubbling out of St Petersquelle, Vals’s thermal spring, had been the subject of animated conversation in the apothecaries of the surrounding valleys.
It had a slightly sulphury taste and a textured feel along the tongue, suggesting an unusually high mineral content. The pharmacist had come to do the first-ever chemical analysis on the spring water, hoping to find out why his colleagues believed it had some sort of healing powers.
For millennia, people have sought to escape disease and plague by travelling, sometimes huge distances, to “take the waters”. Thermal springs, gushing with hot, mineralised water from the depths of the Earth, were thought to have a curative effect – if not for the body then most certainly for the mind.
We live now, of course, in a time of plague – or at least, at the tail end of one. More than two years on from the first case of coronavirus, we have a pretty good handle on how to recover from it. But how do we recover from the pandemic? Not on a policy level – navigating a way back to a normal world is for politicians and experts to figure out. No, how do you and I, individuals afflicted, some of us in body but certainly all of us in mind, recover from having lived through so many months in pandemic mode? We are still figuring that one out.
In my search for curative effects, I travelled to Vals to taste St Petersquelle’s waters for myself. I was invited to stay at the 7132 Hotel, to which Therme Vals, a bath house like no other, is attached. I took in the unbeatable scenery of the mountains of Graubunden, Switzerland’s largest and proudest canton, from the balcony of my spa deluxe suite, and dined at the hotel’s Michelin-starred restaurant, where I slowly sipped on aged water.
I soaked in contemplative silence with other bathers in pools housed in different stone chambers at varying temperatures – not for hours, but for nearly two days straight. I was drenched in the hospitality of the hotel staff, which included town locals, graduates of the world’s finest hotel schools and refugees who felt they had been given the break of a lifetime. And I was consistently entertained by their efforts to balance a very Swiss desire to hew rigidly to the rules with the greatest hallmark of any five-star hotel: the need to bend those rules to the guest’s whims.
We are told getting over this pandemic will mean getting regular boosters. Well, there are boosters, and then there are boosters. Vals is the latter.
To reach it, I travelled across Graubunden. The canton’s magnificent red train, the Rhatischebahn, flows into nearly every major valley like a glacier. It takes you from Landquart, the main interchange coming in from Zurich, down to Chur, the cantonal capital. From there, another train takes you to the toy town of Ilanz, weaving over steel bridges and along alpine rivers, hugged by mountains that shoot right into the sky.
From Ilanz, it’s a slightly harrowing 40-minute bus journey, snaking along single-lane roads at the edges of cliffs in a way that constantly evokes mortality. But again, Graubunden is a dreamscape. There are worse places to go down.
You would miss 7132 if you didn’t know what you were looking for. It, along with an earlier bath house, was built in the 1960s by a German entrepreneur who wanted to exploit Graubunden’s only thermal spring. Most of the hotel retains its 1960s, once-ultra-modern, now-ultra-ordinary façade – I thought at first it was an apartment block. When Swiss architect Peter Zumthor was commissioned by the town to redesign the complex, he retained the hotel’s main building and focused instead on the baths.
After getting off the bus from Ilanz, I made the mistake of following Google Maps, which led me to a set of about a thousand outdoor stairs ascending from the main thoroughfare to 7132’s service entrance.
You can avoid this error by arranging for the hotel to pick you up from the bus stop in one of its slick black Mercedes vans. That will deliver you up a sweeping ramp to the much more elegant main entrance: a discreet black door under an enormous white, curvy facade designed by the US architect Thom Mayne. It looks like a smooth shelf of snow projecting over the mountainside. You can also arrange transport by helicopter – 7132 is the only hotel in Switzerland with its own fleet. For guests staying in the sprawling penthouse, chopper pickup is complimentary.
Having had their last facelift 25 years ago, 7132’s interiors are at an awkward age in the world of spa hotels – a little too old to be contemporary, and a little too young to be vintage. It’s 1990s stylish. Shiny grey carpet and black-painted walls and ceilings are the vibe, with the occasional splash of red. The check-in area is a small, ill-defined bit of extra space between the restroom, the lifts and the bar and lounge.
But that’s not why you’re here. Zumthor knew that, and even the staff know it. In nearly every interaction that I had with the concierge, he seemed inordinately concerned that I was not at that very moment soaking in the bath house. Therme Vals is as much a site of pilgrimage for architecture buffs – it was awarded a Pritzker Prize, architecture’s Nobel – as it is one for those who need to convalesce. It is a collection of austere rooms, built from primordial stone, planted into a mountainside and brass-piped straight into the thermal spring.
It is one of the most Instagrammable places you will ever go, but there is not an influencer in sight, and you will never have the selfies to prove it. There are no cameras allowed in this spa, because, as Zumthor puts it: “This is no funfair.”
Bathing at Therme Vals is not taken lightly. The rooms are arranged in monastic fashion – the Vals stone from which the walls are made is ever-present, all-encasing. Bathers wander into these rooms and wade into the pools within – each of them unique in some way – in a deliberate manner. They wallow for a while, their bodies soothed but their minds in contemplation, meditating on stone and water.
Today, “Valser” is a popular brand of bottled water in Switzerland. The sole bottling plant, which takes all of the water from St Petersquelle that isn’t dispatched into Therme Vals, was bought by Coca-Cola in 2002. The brand has recently been marketed in the US as the company’s “Swiss secret”. The secret, really, is calcium. One litre of Valser water supplies half of the amount the average adult needs in their daily diet, and it does this while containing a low amount of sodium (an unusual quality for highly mineralised waters).
To get to this level of mineralisation, the water starts as rain that falls atop the peak of Piz Aul, the large mountain that stands watch over Vals. From the peak, it takes anywhere between two and 200 years to work its way into the mountain’s heart, filtering past billions of tonnes of quartzite and slate through little cracks and crevices, before re-emerging through the spring. For those who want to imbibe the stuff in its purest form, one of the pipes at Therme Vals, found above the Drinking Stone, supplies it straight from the mountain into your cupped hands.
But for those who prefer a sense of ceremony, that can be found at Silver, 7132’s premier restaurant, where a serving of it will be offered to you with special reverence in a stone cup, as a palette cleanser during dinner.
Dinner at Silver, which carries not one, but two Michelin stars, is a four-hour affair, with nine courses. Each is presented in almost-sculptural form on sparkling plates that act as a white, porcelain canvas for whatever the chefs have spent the past 25 minutes preparing. When they bring it out, a member of the kitchen staff comes over and explains not only the ingredients, but also the philosophy behind the dish you’re about to enjoy.
The chefs, led by the German-born, 30-something Mitja Birlo, are a young crew of men and women, a few of them with piercings and sleeve tattoos. Several times a week, they forage the surrounding mountains for fresh ingredients, and sit down to run through ideas for refreshing the menu.
When the water arrived, Ali Karimi, the staff member who brought it out, explained its provenance. The particular artery of the St Petersquelle spring network that carried it down the mountain took about 25 years to get from the peak to the collection point.
You don’t encounter many “Alis” in Vals. As a journalist coming from the Middle East, seeing his name badge was a pleasant surprise, so I asked him where he was from.
Twenty-five years ago, when the water in my glass first rained on to Piz Aul, when Zumthor had only just completed his work on Therme Vals, Ali was a young boy in the small town of Behsud, in the centre of Afghanistan. When he tells me this I am left completely speechless for a moment, because it is the same place where my own grandfather was born. The civil war had only just ended, but Taliban rule had just begun.
In 2014, when Ali was in his early twenties and the US war in Afghanistan was at a crescendo, he decided to make his way to Europe, overland through Iran and Turkey, as thousands of other Afghans were doing at the time.
He decided to try his hand in Switzerland after hearing from a friend that a hotel in Vals, the 7132, was looking for a dishwasher. Although Ali was new to Switzerland and it was not yet certain whether he would even be able to stay, when he showed up at the door the hotel decided to give him a shot. After a while, he left for a job at another restaurant, but when Silver had an opening a couple of years ago, this time to work as a host and to train on the chef track, they rang him up and asked him to come back.
The morning after my dinner, just after day break, I took the lift from the hotel down for one last visit to Therme Vals. I took my robe off and opened the large glass door leading on to the bath house’s outdoor terrace, pushing past a blast of icy wind to make my way to the Ausbaden, the terrace’s large, open-air pool.
There, I got my final lesson in the ways of water. I experienced the stuff in all its forms at once. I soaked in it at 36 degrees and watched it dance as it rose from the surface as steam, tossed around by the dense, minus-eight-degree air. I saw it powdering the mountains in front of me, and I felt it melt from ice back to liquid under my fingers as they gripped the pool’s edges.
I looked up at the sky and saw it bunched up there in a thickening cloud. At some point, the cloud would break into rain, wash over the top of the mountain and make its way down through the nooks and crannies of the ancient stone. And in a couple of years, or maybe a generation, or maybe 10, it would find its way back up. And people would come from everywhere, as I did, to marvel at it, to taste it, to bathe in it, to wash whatever was happening in the world beyond the valley out of their minds and to recover.
SECRET%20INVASION
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Moral education needed in a 'rapidly changing world'
Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.
Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.
"Moral education touches on every aspect and subject that children engage in.
"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.
"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."
First Person
Richard Flanagan
Chatto & Windus
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How%20to%20avoid%20getting%20scammed
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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.”
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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MATCH INFO
Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
KEY DEVELOPMENTS IN MARITIME DISPUTE
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
AT%20A%20GLANCE
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- 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
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
COMPANY%20PROFILE
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Leaderboard
63 - Mike Lorenzo-Vera (FRA)
64 - Rory McIlroy (NIR)
66 - Jon Rahm (ESP)
67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)
68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)
69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)
NEW%20PRICING%20SCHEME%20FOR%20APPLE%20MUSIC%2C%20TV%2B%20AND%20ONE
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
SERIE A FIXTURES
Saturday Benevento v Atalanta (2pm), Genoa v Bologna (5pm), AC Milan v Torino (7.45pm)
Sunday Roma v Inter Milan (3.30pm), Udinese v Napoli, Hellas Verona v Crotone, Parma v Lazio (2pm), Fiorentina v Cagliari (9pm), Juventus v Sassuolo (11.45pm)
Monday Spezia v Sampdoria (11.45pm)