The first major Indian holiday of the year is a Hindu festival dedicated to the sun god, Surya. Popularly called Makar Sankranti, it is celebrated over several days and marks the end of winter and the start of spring.
Known by various names across the country, the festival is celebrated as Pongal in the South Indian state of Tamil Nadu and among the Tamil diaspora around the world, including in Sri Lanka. In Assam in the north-east of India, it's celebrated as Magh Bihu, while in other states, it's simply known as Sankranti. Sikhs also celebrate the festival as Maghi.
India's neighbouring countries also mark the festival – it is known as Poush Sankranti in Bangladesh and Maghe Sankranti in Nepal.
Meanwhile, similar celebrations also take place around the same time for Lohri. Observed mostly in Punjab and among the Punjabi diaspora around the world, Lohri marks the end of the winter and the start of longer days.
On which dates do Lohri, Makar Sankranti and Pongal fall?
The dates for Makar Sankranti and Pongal are set by the solar cycle and usually begin when the Sun enters Capricorn. According to online Hindu calendar drikpanchang.com, this year Makar Sankranti and Pongal fall on January 14 on the Gregorian calendar. Lohri will be celebrated a day earlier, on January 13.
How is Lohri celebrated?
As this festival marks the last days of the cold winter, Lohri celebrations traditionally involve the lighting of bonfires, where people gather around and sing songs and dance. Celebrants usually wear brightly coloured clothes and perform bhangra, while others toss sesame, jaggery and peanuts into the fire for good luck.
Folk songs are also sung, one of the most popular ones being the legend of Dulla Bhatti, a man known for his courage when he rescued girls from being sold to slavery during Mughal emperor Akbar's reign in the 1500s.
How is Makar Sankranti celebrated?
Depending on which part of India you live in, Makar Sankranti celebrations can last between two and four days, with each state or region marking the festivities in different ways. In some Indian states, such as Tamil Nadu, Pongal is a major holiday and celebrated for up to four days.
In Andhra Pradesh and Telangana, also in the south of India, women decorate the entrance of their homes with geometric patterns using rice flour. In Gujarat in the west, thousands of colourful kites can be seen dotting the skies as revellers head to building rooftops to indulge in friendly kite-flying competitions.
Many Hindu devotees also travel to holy rivers such as the Ganga and Yamuna to take a dip and atone for their sins. In many parts of India, sweets are made from sesame and jaggery, and consumed as part of celebrations.
How is Pongal celebrated?
Pongal gets its name from the dish popularly made to mark the festival. The name means to “boil over” or “overflow”, and the dish is made of rice, milk and jaggery traditionally cooked in a clay pot.
The dish is first offered to the deity Surya, then to cattle, who help with agriculture, and then shared among family members or among the community, where large-scale celebrations are held.
On this day, cows are bathed, garlanded with flowers and their horns decorated.
Pongal is also when the ancient, albeit controversial, Jallikattu, or bull fighting, is held. During the event, a bull is released into a crowd of people and male participants attempt to grab the hump on its back to try and bring the bull to a stop.
Animal rights activists have called for the sport to be banned, claiming bulls are often grievously hurt and even killed as a result. In May last year, India's Supreme Court allowed the sport to continue following a brief ban.
Celebrations in Dubai
Kite Masti
This family-friendly event at Al Mamzar Beach in Dubai on Sunday will include kite flying, traditional dance performances and live music throughout the day. There will also be food stalls serving festive specials, as well as games and activities for children. Tickets, priced at Dh25, are available online.
Lohri-themed Bingo brunch
Indian restaurant Mahi cafe at Al Nahda is hosting a Lohri-themed Sunday Bingo Brunch on January 12. Starting at 1pm, each brunch package comes with four bingo cards where guests can play and win prizes. Traditional dhol performers will add to the festive atmosphere. Brunch is priced from Dh55.
Punjabi thali
Punjabi restaurant Dhaba Lane, which has multiple branches in Dubai, is offering an all-you-can-eat Punjabi thali to mark Lohri. Available between Wednesday and Monday, the package includes traditional Lohri treats such as gajak, a sweet treat made of sesame seeds, and rewadi, a jaggery and sesame mixture. The thali is available for both lunch and dinner and is priced at Dh65.
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.”
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
UAE currency: the story behind the money in your pockets
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
New process leads to panic among jobseekers
As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.
“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.
Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE.
“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.
“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”
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500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
U19 World Cup in South Africa
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
UAE squad
Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
SANCTIONED
- Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
- Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB.
- Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.
- Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
- Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
