• Socialite Paris Hilton and her husband Carter Reum have welcomed a baby boy via surrogacy, she announced in January. AFP
    Socialite Paris Hilton and her husband Carter Reum have welcomed a baby boy via surrogacy, she announced in January. AFP
  • Actress Rebel Wilson welcomed a daughter, Royce Lillian, via surrogate in November 2022. Getty Images
    Actress Rebel Wilson welcomed a daughter, Royce Lillian, via surrogate in November 2022. Getty Images
  • 'The Tonight Show' host Jimmy Fallon and his wife Nancy Juvonen's daughters Winnie Rose and Frances Cole were born via surrogacy in 2013 and 2014 respectively. Reuters
    'The Tonight Show' host Jimmy Fallon and his wife Nancy Juvonen's daughters Winnie Rose and Frances Cole were born via surrogacy in 2013 and 2014 respectively. Reuters
  • Power couple Nicole Kidman and Keith Urban are parents to two daughters, Sunday and Faith. While Kidman gave birth to Sunday in 2008, Faith was born via a surrogate in 2011. AFP
    Power couple Nicole Kidman and Keith Urban are parents to two daughters, Sunday and Faith. While Kidman gave birth to Sunday in 2008, Faith was born via a surrogate in 2011. AFP
  • Funnywoman Kristen Wigg and her husband Avi Rothman welcomed twins through surrogacy in December 2021. Getty Images
    Funnywoman Kristen Wigg and her husband Avi Rothman welcomed twins through surrogacy in December 2021. Getty Images
  • Actress Gabrielle Union and NBA star Dwyane Wade had their daughter Kaavia James Union Wade via surrogacy in November 2018. Union has been open about her journey after several pregnancy losses. AFP
    Actress Gabrielle Union and NBA star Dwyane Wade had their daughter Kaavia James Union Wade via surrogacy in November 2018. Union has been open about her journey after several pregnancy losses. AFP
  • Star couple Sarah Jessica Parker and Matthew Broderick have three children. Their first was born when Parker was 37. When she was 43, the couple decided to use a surrogate and had twins Marion and Tabitha in 2009. AFP
    Star couple Sarah Jessica Parker and Matthew Broderick have three children. Their first was born when Parker was 37. When she was 43, the couple decided to use a surrogate and had twins Marion and Tabitha in 2009. AFP
  • Actress Elizabeth Banks and sportswriter and film producer husband Max Handelman have two sons, Felix and Magnus Mitchell, born via surrogacy. AFP
    Actress Elizabeth Banks and sportswriter and film producer husband Max Handelman have two sons, Felix and Magnus Mitchell, born via surrogacy. AFP
  • Actress Ellen Pompeo had her second child, Sienna May, with husband Chris Ivery, via surrogacy in October 2014. They welcomed their third, Eli Christopher, in 2016. He is presumed to have been born via a surrogate, too, according to reports, though the couple have not officially commented on this. AFP
    Actress Ellen Pompeo had her second child, Sienna May, with husband Chris Ivery, via surrogacy in October 2014. They welcomed their third, Eli Christopher, in 2016. He is presumed to have been born via a surrogate, too, according to reports, though the couple have not officially commented on this. AFP
  • Priyanka Chopra and Nick Jonas made headlines by announcing the arrival of their first child through surrogacy on Instagram. AFP
    Priyanka Chopra and Nick Jonas made headlines by announcing the arrival of their first child through surrogacy on Instagram. AFP
  • Model and TV host Tyra Banks and her former partner Erik Asla are parents to son York, who was born in 2016. After years of trying to become pregnant, the couple turned to gestational surrogacy to have a child. AFP
    Model and TV host Tyra Banks and her former partner Erik Asla are parents to son York, who was born in 2016. After years of trying to become pregnant, the couple turned to gestational surrogacy to have a child. AFP

Celebrities who have welcomed children via surrogacy, from Paris Hilton to Priyanka Chopra


Evelyn Lau
  • English
  • Arabic

Paris Hilton, 41, is now a mother. The heiress and media personality took to Instagram on Wednesday morning, posting a close-up picture of a baby gripping her thumb.

"You are already loved beyond words," wrote Hilton who, with her husband businessman Carter Reum, welcomed a baby boy via surrogacy.

"It's always been my dream to be a mother, and I'm so happy that Carter and I found each other," Hilton told People in an interview. "We are so excited to start our family together and our hearts are exploding with love for our baby boy."

The couple tied the knot in late 2021, and have since been vocal about plans to have a baby. Hilton said she and Reum began in-vitro fertilisation at the height of the Covid-19 pandemic.

In December last year, the entertainer-turned-businesswoman said they were "always planning on 2023" as their target year to have a child.

"We just wanted to really enjoy our first year of marriage together as a couple. And we're just, you know, getting the eggs all ready," Hilton told E!.

Other celebrities were quick to congratulate Hilton, including Chrissy Teigen, Demi Lovato and Kim Kardashian, who also opted for surrogacy for her youngest two children with Kanye West.

Rebel Wilson

Rebel Wilson has become a mother for the first time, announcing the birth of her daughter, Royce Lillian, via surrogacy this week.

The Pitch Perfect star announced the news on Instagram, describing her new daughter as a "beautiful miracle".

“Beyond proud to announce the birth of my first child, Royce Lillian, born this past week via surrogate,” she wrote.

“I can’t even describe the love I have for her, she’s a beautiful miracle! I am forever grateful to everyone who has been involved, (you know who you are), this has been years in the making … but particularly wanted to thank my gorgeous surrogate who carried her and birthed her with such grace and care. Thank you for helping me start my own family, it’s an amazing gift.

Wilson has talked openly about her fertility struggles in the past and how a visit to the fertility doctor in 2019 inspired her to embark on a health overhaul.

"It's almost like I didn't think of my own needs. I thought of a future child's needs that really inspired me to get healthier," she said in a recent interview with People in May.

Wilson is not the only famous face to welcome a child via surrogacy.

Here's a look at some other celebrities who have, too.

Priyanka Chopra and Nick Jonas

Priyanka Chopra and Nick Jonas announced the arrival of their first child, a daughter named Malti Marie, through surrogacy, on Instagram in January.

“We are overjoyed to confirm that we have welcomed a baby via surrogate,” the couple’s joint statement read. “We respectfully ask for privacy during this special time as we focus on our family.”

The couple later revealed that baby Malti spent more than 100 days in a neonatal intensive care unit, calling the first few months of her life a "roller coaster".

“After 100-plus days in the NICU, our little girl is finally home,” she said in an Instagram post marking Mother's Day in May. “Every family’s journey is unique and requires a certain level of faith, and while ours was a challenging few months, what becomes abundantly clear, in retrospect, is how precious and perfect every moment is.”

She thanked the doctors and nurses at the Rady Children’s and Cedar Sinai hospitals, and said: “Our next chapter begins now."

Amber Heard

Actress Amber Heard revealed that she had become a mum “on her own terms” as a single parent via surrogacy in July. In an Instagram post, the Aquaman star said she welcomed daughter Oonagh Paige Heard on April 8 as she shared a photo with the baby nestled against her.

"I now appreciate how radical it is for us as women to think about one of the most fundamental parts of our destinies in this way," Heard said in the post. "I hope we arrive at a point in which it's normalised to not want a ring in order to have a crib."

She wrote that "a part of me wants to uphold that my private life is none of anyone's business," but said the nature of her job "compels me to take control of this" by revealing the birth.

Sarah Jessica Parker and Matthew Broderick

Sarah Jessica Parker, centre, Matthew Broderick, left, and their son James Wilkie Broderick, right, attend the premiere of HBO's 'And Just Like That' at the Museum of Modern Art on December 8, 2021, in New York. AP Photo
Sarah Jessica Parker, centre, Matthew Broderick, left, and their son James Wilkie Broderick, right, attend the premiere of HBO's 'And Just Like That' at the Museum of Modern Art on December 8, 2021, in New York. AP Photo

Star couple Sarah Jessica Parker and Matthew Broderick have three children. Their first was born when Parker was 37 but when they tried for another, she couldn’t get pregnant. At 40, she was told she had secondary infertility, or the inability to conceive or carry a child in women who have given birth before. When she was 43, the couple decided to use a surrogate and welcomed twins Marion and Tabitha in 2009.

“We didn’t expect it,” Parker said in an interview with Access Hollywood. “I think after a certain amount of time, you tend to hold your hopes at bay a bit so as not to be disappointed. One really would have been thrilling and we would’ve felt incredibly lucky. And two was a comedy.”

Kristen Wiig and Avi Rothman

Kristen Wiig and her husband welcomed twins via surrogacy. Reuters
Kristen Wiig and her husband welcomed twins via surrogacy. Reuters

Funnywoman Kristen Wigg and her husband Avi Rothman welcomed twins through surrogacy in December 2021. "We're cruising, crawling, they're very close to starting to walk around... yeah they're going to fight back and they're twins so they're going to team up," the Bridesmaids star joked.

Wiig said that after years of fertility struggles, she finally accepted surrogacy as an option but was open with InStyle magazine about the ups and downs of the process.

“So many things were bittersweet,” Wiig admitted. “I was over the moon feeling them kick for the first time, but then I would get in my head and ask myself all these questions, like, ‘Why couldn’t I do this?’ At the same time, I would tell myself it didn’t matter. She was giving us the greatest gift, and I just wanted them to get here.”

Gabrielle Union and Dwyane Wade

Actress Gabrielle Union and NBA star Dwyane Wade welcomed their daughter Kaavia James Union Wade in November 2018. Union hasn’t been shy about her journey to surrogacy after several pregnancy losses, in a published essay from her book You Got Anything Stronger? in which she reflects on Kaavia’s birth.

"I had hoped that the second I saw her, there would be a moment of locking in," Union said. "I looked over at [the surrogate] Natalie and her husband. There was a stillness to them. I looked at Kaavia James on the table, and then back at them. It took all of us to create her, so I wanted to share this time with them."

Jimmy Fallon and Nancy Juvonen

After trying for five years to get pregnant, The Tonight Show host Jimmy Fallon and his wife Nancy Juvonen decide to opt for surrogacy, with daughters Winnie Rose born in 2013, followed by Frances Cole in 2014. “My wife and I had been trying a while to have a baby. We tried a bunch of things – so we had a surrogate,” Fallon told the Today show.

Ellen Pompeo and Chris Ivery

Grey’s Anatomy star Ellen Pompeo gave birth to her first daughter, Stella Luna, with husband Chris Ivery, in 2009. The couple, who wed in November 2007, welcomed their second, Sienna May, via surrogacy in 2014. They had a third child, a boy named Eli Christopher, in 2016. He is presumed to have been born via a surrogate, too, according to reports, although the couple have not officially commented on this.

"This is an incredible thing to do with your life, to give the gift of carrying someone’s child. I am forever grateful and feel very blessed and grateful to her – she who will remain anonymous,” she said on Jimmy Kimmel Live! in 2014.

Nicole Kidman and Keith Urban

Nicole Kidman and Keith Urban welcomed their second daughter Faith via surrogacy. EPA
Nicole Kidman and Keith Urban welcomed their second daughter Faith via surrogacy. EPA

Powerhouse couple Nicole Kidman and Keith Urban are parents to two daughters, Sunday and Faith. While Kidman gave birth to Sunday in 2008, Faith was born via a surrogate in 2011. The actress also has two adopted children with her ex-husband Tom Cruise.

"I think because I've experienced motherhood in so many different ways," she said in an interview with CNN. "I've experienced adoption, birthing a child and I've experienced surrogacy. I'm like when it comes to it, I just want to be a mama."

Elizabeth Banks and Max Handelman

Actress Elizabeth Banks and sportswriter and film producer husband Max Handelman have two sons, Felix and Magnus Mitchell, born via surrogacy. The couple tried to get pregnant for years but couldn’t. “It was a womb issue for me. Embryos wouldn’t implant,” Banks said in an interview with People magazine. However, she said she couldn’t be happier with the final results.

"It's a big leap, inviting this person into your life to do this amazing, important thing for you," she said. "And it's hard losing that kind of control. But our surrogate is so extraordinary, and she's still in our lives. She's like an auntie."

Tyra Banks and Erik Asla

Model and TV host Tyra Banks and her former partner Erik Asla are parents to son York, who was born in 2016. After years of trying to become pregnant, the couple turned to gestational surrogacy to have a child.

“As we thank the angel of a woman who carried our miracle baby boy for us, we pray for everyone who struggles to reach this joyous milestone," Banks posted on Instagram after the birth of her baby.

Preity Zinta and Gene Goodenough

Bollywood actress Preity Zinta took to social media to announce that she and her husband welcomed twins through surrogacy in November.

“Hi everyone, I wanted to share our amazing news with all of you today. Gene and I are overjoyed and our hearts are filled with so much gratitude and with so much love as we welcomed our twins Jai Zinta Goodenough and Gia Zinta Goodenough into our family,” the actress posted on Twitter.

“We are very excited about this new phase in our lives. A heartfelt thank you to the doctors, nurses and to our surrogate for being part of this incredible journey. Loads of love and light – Gene, Preity, Jai and Gia,” she said.

This story was originally published in January 2022

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Abu Dhabi race card

5pm: Maiden (PA) | Dh80,000 | 1,600m
5.30pm: Maiden (PA) | ​​​​​​​Dh80,000 | 1,400m
6pm: Liwa Oasis (PA) Group 2 |​​​​​​​ Dh300,000 | 1,400m
6.30pm: Arabian Triple Crown Round-2 (PA) Group 3 | Dh300,000 | 2,200m
7pm: Wathba Stallions Cup (PA) Handicap | Dh70,000 | 1,600m
7.30pm: Maiden (TB) |​​​​​​​ Dh80,000 | 2,200m

The biog:

Favourite book: The Leader Who Had No Title by Robin Sharma

Pet Peeve: Racism 

Proudest moment: Graduating from Sorbonne 

What puts her off: Dishonesty in all its forms

Happiest period in her life: The beginning of her 30s

Favourite movie: "I have two. The Pursuit of Happiness and Homeless to Harvard"

Role model: Everyone. A child can be my role model 

Slogan: The queen of peace, love and positive energy

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

While you're here
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EXare%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%2018%2C%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPadmini%20Gupta%2C%20Milind%20Singh%2C%20Mandeep%20Singh%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunds%20Raised%3A%20%3C%2Fstrong%3E%2410%20million%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E28%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eundisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EMS%26amp%3BAD%20Ventures%2C%20Middle%20East%20Venture%20Partners%2C%20Astra%20Amco%2C%20the%20Dubai%20International%20Financial%20Centre%2C%20Fintech%20Fund%2C%20500%20Startups%2C%20Khwarizmi%20Ventures%2C%20and%20Phoenician%20Funds%3C%2Fp%3E%0A
THE TWIN BIO

Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Results

4pm: Al Bastakiya – Listed (TB) $150,000 (Dirt) 1,900m; Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

4.35pm: Dubai City Of Gold – Group 2 (TB) $228,000 (Turf) 2,410m; Winner: Walton Street, William Buick, Charlie Appleby

5.10pm: Mahab Al Shimaal – Group 3 (TB) $228,000 (D) 1,200m; Winner: Canvassed, Pat Dobbs, Doug Watson

5.45pm: Burj Nahaar – Group 3 (TB) $228,000 (D) 1,600m; Winner: Midnight Sands, Pat Dobbs, Doug Watson

6.20pm: Jebel Hatta – Group 1 (TB) $260,000 (T) 1,800m; Winner: Lord Glitters, Daniel Tudhope, David O’Meara

6.55pm: Al Maktoum Challenge Round-1 – Group 1 (TB) $390,000 (D) 2,000m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass

7.30pm: Nad Al Sheba – Group 3 (TB) $228,000 (T) 1,200m; Winner: Final Song, Frankie Dettori, Saeed bin Suroor

Bournemouth 0

Manchester United 2
Smalling (28'), Lukaku (70')

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Big%20Ape%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20LucasArts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20PlayStation%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.

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.”

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

Brief scoreline:

Toss: South Africa, elected to bowl first

England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66

South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Updated: January 25, 2023, 8:06 AM