Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sent Eid greetings via a video on Instagram, filled with family photographs. Photo: Instagram / faz3
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sent Eid greetings via a video on Instagram, filled with family photographs. Photo: Instagram / faz3
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sent Eid greetings via a video on Instagram, filled with family photographs. Photo: Instagram / faz3
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sent Eid greetings via a video on Instagram, filled with family photographs. Photo: Instagram / faz3

Sheikh Hamdan shares Eid greetings on Instagram via family photograph-filled video


Hayley Skirka
  • English
  • Arabic

As the UAE celebrates Eid Al Fitr, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has taken to Instagram to wish his followers a happy Eid.

The Dubai royal shared an animated video with his 15.7 million followers on the social media platform on Friday morning, the first day of Eid Al Fitr 2023 in the UAE.

Using the Burj Khalifa — the world’s tallest building — as the backdrop, the video highlights those closest to Sheikh Hamdan via a series of family photographs, nodding to the importance of loved ones during Eid celebrations.

In the video, a Dubai branded hot air balloon and a flock of birds fly over Downtown Dubai, before the family snaps fill the screen.

Each of the photographs shows Sheikh Hamdan with other members of his family, including pictures of his father, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

Another photograph depicts the crown prince with his twins Sheikh Rashid and Sheikha Shaikha, taken on the day they were born.

Also included in the photo series is a shot of the Crown Prince sledging through the snow with his daughter during a recent family ski trip to France’s Courchevel, and one of the Dubai royal meeting giraffes with his children.

The video has drawn well-wishes from Sheikh Hamdan’s Instagram followers, clocking up more than 50,000 likes less than an hour after it was posted.

Set to whimsical music, the video ends with the simple greeting “Eid Mubarak”, which translates to “blessed Eid”.

Eid Al Fitr marks the end of the holy month of Ramadan. It is traditionally a time when Muslim families gather together to pray, eat and spend time with loved ones. Children also traditionally receive eidiyah — spending money to celebrate the occasion — that is distributed to them by older family members.

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

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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The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Updated: April 21, 2023, 5:31 AM