This weekend I am at home, attending my 20-year school reunion. Which gives rise to two very important questions. One, how is it possible that two whole decades have passed since I left school? And two, what in the world am I going to wear?
The school reunion presents a series of interesting quandaries, starting with: to go or not to go? I know that there are plenty of people who would baulk at the mere suggestion. Depending on how your schooling experience played out (and whether you are prone to sentimentality or not), the high school reunion can either represent a fun-filled skip down memory lane, or an unwelcome invitation to revisit forgotten traumas.
Thankfully, I have fond memories of my former classmates. I went to a small-ish school in Cyprus, so class sizes were limited and everyone knew each other relatively well. Many of us were expats, so carried a shared sense of “otherness”. But because I moved away from home more than 10 years ago and have spent the best part of my adult life eschewing social media, I have lost touch with all but a few of my most steadfast friends. I am excited to reconnect with all those people I once knew, and curious to see how everyone turned out.
That is the point of reunions, isn’t it? Or is it, as the Hollywood movies seem to suggest, actually just an opportunity for you to go back and try to reaffirm your life choices – a chance to prove to everyone how well you’re doing and how fabulous you’ve become? To show everyone how far you’ve come?
Certainly, the prospect of a reunion forces you to take stock of your life. You start to become ever-so-slightly conscious of how you might be perceived by your former peers. Will you viewed as “a success” by people you haven’t seen for half a lifetime? Does it matter either way?
It has invited me to try to remember the 18-year-old me. Would she be happy with how things have worked out? Have I done her justice? In truth, I can barely remember her. Will others? Will they be surprised at how she turned out?
I am unmarried and childless (by choice), so by conventional standards I have already failed. For some, it may seem like I have opted to take the road less travelled – although I like to think that anyone who knew the headstrong, rebellious, uber-independent teenage me will probably not be surprised.
I am unmarried and childless (by choice), so by conventional standards I have already failed. For some, it may seem like I have opted to take the road less travelled – although I like to think that anyone who knew the headstrong, rebellious, uber-independent teenage me will probably not be surprised. On the other hand, I am happy, I have travelled the world, do a job I love and provide daily sustenance for two very badly behaved dogs and a street cat. Does this even the scales?
I have not been involved in the planning of said festivities, but I am aware that many of my former classmates have been pushing for a daytime, child-friendly event so they can bring their kids and show off their “proudest achievement”. Direct quote.
I am unsure what achievement I will be proffering in exchange. My YSL handbag? Pictures of the dogs? A copy of the magazine I edit for The National? Stories of that time I interviewed Chris Hemsworth?
I, myself, was hoping to party like it was 1999. Literally. That’s the year I turned 18, left school, headed off to university in Manchester and still believed I was going to change the world. But it seems that my peers have left their partying days behind them. They have matured appropriately. I, alas, have not. Perhaps nothing has really changed since 1999.
All in all, I am woefully unprepared for the event. I’ve had a few months to plan and there were a few things I wanted to do ahead of time. You know, the usual: get my hair cut, lose a few kilos, stop smoking, magically eradicate all the wrinkles on my forehead, etc. As you can imagine, I didn’t get very far. Although I did manage to get my nails done last week, so that’s something.
Right now, the prospect of my 20-year reunion is eliciting excitement and trepidation. Will these feelings be drowned out by nostalgia? Regret? Disappointment? Only time will tell. More importantly, what in the world am I going to wear?
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
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Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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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COMPANY PROFILE
Name: N2 Technology
Founded: 2018
Based: Dubai, UAE
Sector: Startups
Size: 14
Funding: $1.7m from HNIs
SHAITTAN
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Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
UAE currency: the story behind the money in your pockets
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
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Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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