Almost 35 per cent of respondents have had a pay rise over the past 12 months, compared to less than 30 per cent during the first quarter of this year. Mike Young / The National
Almost 35 per cent of respondents have had a pay rise over the past 12 months, compared to less than 30 per cent during the first quarter of this year. Mike Young / The National

Paying tribute to the extraordinary life of my dad, the ultimate expat



I am in Cyprus this weekend, celebrating my father's 75th birthday. He's a man prone to keeping a low profile – but we've decided to throw him a bash all the same. Alongside the typical Cypriot meze, served up in the garden that he has so lovingly crafted with his own hands, are all the signs of a life well-lived. A house brimming with memories and souvenirs; a couple of classic cars he has restored from scratch; a bevy of stray cats saved from almost-certain death; and a throng of family and friends who have travelled far and wide just to celebrate with him.

My dad is the ultimate expat. He left the United Kingdom nearly 50 years ago, spending time in Kenya, Oman and the UAE, before settling in Cyprus just prior to my birth. In Kenya, he met and married my mother – a Muslim of Indian descent living in the tiny, still-conservative town of Mombasa. It is testament to his charm and my grandparents' open-mindedness that they accepted him with open arms.

In Oman, my parents welcomed my brother – in the middle of nowhere, my dad sat on the steps of a ramshackle, female-only hospital for nearly two days as my mother battled through a difficult birth. I can just imagine him there, sitting stoically in the heat, with a good book in hand, waiting for his son to arrive.

At home, in his overflowing office, rows of old-school photo albums, each picture painstakingly dated and captioned, chronicle my dad's many adventures; books and CDs line the walls, speaking of diverse musical tastes and an insatiable love of fiction – Bach, Beethoven, The Beatles, but also Abba, Lonnie Donegan, the Safari Sound Band and, inexplicably, Lily Allen. There's an ancient chess board, its wood chipped and peeling, that has been lugged from continent to continent; and in a special box, the boarding pass for every flight he has ever taken – about 1,800 in total, to 64 countries in every corner of the world.

In every instance, my dad embraced local cultures and customs, respecting them, even if he didn’t always fully agree with them. He eschewed that all-too familiar British mentality of sticking to his own, and made friends of every colour and creed (many of whom have made the journey to sing happy birthday so many years later). In each of these very different places, he immersed himself fully in the culture, learning snippets of Swahili, Arabic and Greek that he can still pull out of the hat at a moment’s notice.

In this way, he paved the way for me to be able to embark on my own expat adventure – taught me to be open to new experiences and foreign ways of thinking. He instilled in me a love of travel, although, having caused an elephant stampede in the Tsavo National Park and having been shot at in Yemen, his stories make mine seem quite feeble in comparison.

I'm sure I wouldn't be in the UAE if it wasn't for him. I wouldn't have been able to so comfortably navigate the cultural complexities and turn this unfamiliar land into my home. I would not have been open to the friendships I have made, or achieved half of the things that I have achieved. So thank you, daddy. Happy birthday.

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Read more from Selina:

Why eating meat makes me feel like a hypocrite

Phone etiquette? I need some guidelines please

After a decade, Dubai feels like it has come of age

Why social media influencers can be frustrating for journalists

Why a goodbye in the UAE can be particularly bittersweet

Four lessons learnt as a dog owner in Dubai

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Defined benefit and defined contribution schemes explained

Defined Benefit Plan (DB)

A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.

Defined Contribution Plan (DC) 

A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

The specs: Taycan Turbo GT

Engine: Dual synchronous electric motors
Power: 1,108hp
Torque: 1,340Nm
Transmission: Single-speed automatic (front axle); two-speed transmission (rear axle)
Touring range: 488-560km
Price: From Dh928,400
On sale: Orders open

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

The specs

Powertrain: Single electric motor
Power: 201hp
Torque: 310Nm
Transmission: Single-speed auto
Battery: 53kWh lithium-ion battery pack (GS base model); 70kWh battery pack (GF)
Touring range: 350km (GS); 480km (GF)
Price: From Dh129,900 (GS); Dh149,000 (GF)
On sale: Now

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure' ​​​​
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse

MATCH DETAILS

Chelsea 4 

Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

Ajax 4

Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55) 

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

The specs

Engine: 3.0-litre flat-six twin-turbocharged

Transmission: eight-speed PDK automatic

Power: 445bhp

Torque: 530Nm

Price: Dh474,600

On Sale: Now

The specs: 2019 Jeep Wrangler

Price, base: Dh132,000

Engine: 3.6-litre V6

Gearbox: Eight-speed automatic

Power: 285hp @ 6,400rpm

Torque: 347Nm @ 4,100rpm

Fuel economy, combined: 9.6L to 10.3L / 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.”

MO

Creators: Mohammed Amer, Ramy Youssef

Stars: Mohammed Amer, Teresa Ruiz, Omar Elba

Rating: 4/5