Clouds looming over Dubai, as seen from a plane and posted by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. Photo: @Faz3/Instagram
Clouds looming over Dubai, as seen from a plane and posted by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. Photo: @Faz3/Instagram
Clouds looming over Dubai, as seen from a plane and posted by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. Photo: @Faz3/Instagram
Clouds looming over Dubai, as seen from a plane and posted by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. Photo: @Faz3/Instagram

Sheikh Hamdan shares shots on Instagram of a cloud-covered Dubai


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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, shared aerial shots on Instagram of clouds looming over Dubai on Thursday.

The photos, posted as Instagram Stories, appear to have been taken from a plane as he returned from a skiing trip in Courchevel, France.

A picture of gloomy Dubai taken by Sheikh Hamdan. Photo: @faz3/Instagram
A picture of gloomy Dubai taken by Sheikh Hamdan. Photo: @faz3/Instagram

Courchevel is part of the Three Valleys, the biggest connected ski area in the world.

Its highest resort, Courchevel 1850, often attracts wealthy clientele including royal families.

  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, posted photos from his ski trip in Courchevel, France, on Instagram. All photos: Sheikh Hamdan / Instagram
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, posted photos from his ski trip in Courchevel, France, on Instagram. All photos: Sheikh Hamdan / Instagram
  • Sheikh Hamdan taking to the slopes
    Sheikh Hamdan taking to the slopes
  • Known for his love of adventure, Sheikh Hamdan often jets off to new destinations
    Known for his love of adventure, Sheikh Hamdan often jets off to new destinations
  • Snowy scenes shared by Sheikh Hamdan
    Snowy scenes shared by Sheikh Hamdan
  • Courchevel is part of the Three Valleys, the biggest connected ski area in the world
    Courchevel is part of the Three Valleys, the biggest connected ski area in the world
  • Courchevel's highest resort, Courchevel 1850, is considered exclusive, often attracting wealthy clientele including royal families
    Courchevel's highest resort, Courchevel 1850, is considered exclusive, often attracting wealthy clientele including royal families
  • A snowman shared by Sheikh Hamdan
    A snowman shared by Sheikh Hamdan
  • Courchevel also has top-class shopping, seven Michelin-starred restaurants, 12 five-star hotels and two palace hotels
    Courchevel also has top-class shopping, seven Michelin-starred restaurants, 12 five-star hotels and two palace hotels
  • Sheikh Saeed bin Maktoum bin Juma, right, and a friend accompanied Sheikh Hamdan on the trip
    Sheikh Saeed bin Maktoum bin Juma, right, and a friend accompanied Sheikh Hamdan on the trip
  • Maj, the young son of Sheikh Hamdan's close friend Ahmad Jabar Al Harbi, also joined the group
    Maj, the young son of Sheikh Hamdan's close friend Ahmad Jabar Al Harbi, also joined the group

The UAE has been hit by torrential rain this week, with the wet weather expected to continue at the weekend, according to the National Centre of Meteorology. The downpour has led to road closures and some schools were ordered to shut for safety.

Sheikh Hamdan on Instagram

Sheikh Hamdan frequently shares photos and creative videos of Dubai on Instagram. In December, he posted a video of a 3D-animated Burj Khalifa opening at the top to produce an umbrella, sheltering itself from the rain.

“It's that time of the year,” he wrote in the caption, alluding to rainy season in the Emirates.

On the same day, Sheikh Hamdan, who has more than 15 million followers on the social media platform, posted a side-by-side day and night time-lapse of Dubai.

Sheikh Hamdan also often shares throwbacks that offer insights into his life growing up and sporting adventures.

In September last year, he posted pictures from his childhood showing his father, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and even one of UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan.

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While you're here
Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
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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.”

Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

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

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

 

 

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

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IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

Updated: January 27, 2023, 7:59 AM