• Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and member of the Dubai Council, at the DIDI graduation ceremony. Dubai Media Office
    Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and member of the Dubai Council, at the DIDI graduation ceremony. Dubai Media Office
  • Decolonising Digital Fashion by Pavwan Ahmad Malik. The interactive garments enhance the wearer’s understanding of culture through digital artefacts and print manipulations.
    Decolonising Digital Fashion by Pavwan Ahmad Malik. The interactive garments enhance the wearer’s understanding of culture through digital artefacts and print manipulations.
  • MiFloof by Ayesha Abdulla Alsuwaidi and Shamma Ibrahim Almulla. The phygital companion assists children in developing emotional regulation skills.
    MiFloof by Ayesha Abdulla Alsuwaidi and Shamma Ibrahim Almulla. The phygital companion assists children in developing emotional regulation skills.
  • The Metaverse: A Bridge Between Realities by Nayef Faisal Albastaki. The project proposes a metaverse space that will aid feelings of comfort with and safety in virtual worlds.
    The Metaverse: A Bridge Between Realities by Nayef Faisal Albastaki. The project proposes a metaverse space that will aid feelings of comfort with and safety in virtual worlds.
  • Theo by Alhaan Ahmed. The light, wearable and interactive paediatric physiotherapy solution makes physiotherapy more accessible, simple and fun for children.
    Theo by Alhaan Ahmed. The light, wearable and interactive paediatric physiotherapy solution makes physiotherapy more accessible, simple and fun for children.
  • Curio by Nikhilesh Mohan. The visual stimulation device assists teachers and therapists to engage better with low vision children in a bid to boost participation.
    Curio by Nikhilesh Mohan. The visual stimulation device assists teachers and therapists to engage better with low vision children in a bid to boost participation.
  • Everlasting by Nour Nasser Maadad and Aisha Mohammed Abdulsalam. A comparison of traditional Emirati and Lebanese fashion for reinterpretation through a contemporary, digital lens.
    Everlasting by Nour Nasser Maadad and Aisha Mohammed Abdulsalam. A comparison of traditional Emirati and Lebanese fashion for reinterpretation through a contemporary, digital lens.
  • MindPlay by Sana Elmardi Mohamed. The headset and monitoring app explore how the gamification of neurofeedback therapy can support the treatment of ADHD.
    MindPlay by Sana Elmardi Mohamed. The headset and monitoring app explore how the gamification of neurofeedback therapy can support the treatment of ADHD.
  • Recollect by Rafif Alhassen. The app provides a way for those with early to mid-stage dementia to perform reminiscence therapy through the use of artificial intelligence and augmented reality.
    Recollect by Rafif Alhassen. The app provides a way for those with early to mid-stage dementia to perform reminiscence therapy through the use of artificial intelligence and augmented reality.
  • Abdulaziz Zamil Alzamil explored the development of a design methodology based on the laws from the 1908 book 'The Kybalion'. Principles such as mentalism, vibration, polarity, rhythm, gender, and cause and effect were then applied to design provocative furniture pieces.
    Abdulaziz Zamil Alzamil explored the development of a design methodology based on the laws from the 1908 book 'The Kybalion'. Principles such as mentalism, vibration, polarity, rhythm, gender, and cause and effect were then applied to design provocative furniture pieces.
  • Connecting 3D Printing in the Automotive Industry by Noor Mohamed Alfahim. The online platform is designed to facilitate communication and connection between the automotive, design and manufacturing industries to provide low-cost 3D-printed components for cars.
    Connecting 3D Printing in the Automotive Industry by Noor Mohamed Alfahim. The online platform is designed to facilitate communication and connection between the automotive, design and manufacturing industries to provide low-cost 3D-printed components for cars.
  • The Customisation of High Heels using 3D Printing Technology by Sara Nael Alnajadawi. The project uses a three-step process that includes pressure identification tests, scanning and 3D printing, to redesign a woman's pre-existing pair of high heels or create new, more comfortable ones.
    The Customisation of High Heels using 3D Printing Technology by Sara Nael Alnajadawi. The project uses a three-step process that includes pressure identification tests, scanning and 3D printing, to redesign a woman's pre-existing pair of high heels or create new, more comfortable ones.
  • Tawahadna by Maha Khalid Baseed and Vaidehi Pal. The outfits are based on the needs of children with sensory disorders.
    Tawahadna by Maha Khalid Baseed and Vaidehi Pal. The outfits are based on the needs of children with sensory disorders.
  • Circular Fashion: From Waste to Value by Maha Ezzat Abdalla. The project maps fabric waste through identifying, testing and applying transitional solutions towards fashion circularity.
    Circular Fashion: From Waste to Value by Maha Ezzat Abdalla. The project maps fabric waste through identifying, testing and applying transitional solutions towards fashion circularity.
  • The DIDI's invitation to its first graduation ceremony. The four eggs represent each of the institute's four disciplines, as well as 'a new generation ready to hatch'.
    The DIDI's invitation to its first graduation ceremony. The four eggs represent each of the institute's four disciplines, as well as 'a new generation ready to hatch'.

Sheikha Latifa honours region’s first batch of design graduates


Panna Munyal
  • English
  • Arabic

In 2018, when the Dubai Institute of Design & Innovation opened its doors, its dean at the time, Sass Brown, told The National: “Design has a much more important role in business, and designers are becoming part of the research and development process.”

This week, DIDI celebrates its first crop of graduates, who received their bachelor of design (also the first degree of its kind in the region) at a ceremony held at the Museum of the Future on Monday. Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority and member of the Dubai Council, was on hand to confer the certificates and interact with the aspiring designers.

Hailing from all over the Mena region, as well as India, Pakistan and South Africa, the student-designers have dreamt up, worked on and realised some ground-breaking ideas over the past four years.

Ayesha Abdulla Al Suwaidi and Shamma Ibrahim Al Mulla, for instance, created MiFloof, a cheery yellow phygital companion, which assists children in developing emotional regulation skills.

Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority and member of the Dubai Council, views MiFloof, a project created by a DIDI student. Photo: Dubai Media Office
Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority and member of the Dubai Council, views MiFloof, a project created by a DIDI student. Photo: Dubai Media Office

Improving the quality of children’s lives was also top of mind for Nikhilesh Mohan, Sana Elmardi Mohamed, Maha Khalid Baseed and Vaidehi Pal.

Mohan built a visual stimulation device to assist teachers and therapists to engage better with children who suffer from low vision, in a bid to boost participation, while Mohamed’s MindPlay is a headset and app that explore how the gamification of neurofeedback therapy can support the treatment of ADHD.

Baseed and Pal worked together to explore the behavioural patterns and choices of children with autism when they are exposed to different textures of clothing. The results of the study showed that most experienced fabric sensitivity, embellishment issues and fastening difficulties.

Accordingly, the duo created a collection of garments with Velcro fastening, QR code tags, magnetic buttons and elastic waistbands.

Tawahadna, which translates as 'We are united', by Maha Khalid Baseed and Vaidehi Pal, is a collection of outfits based on the needs of children with sensory disorders. Ruel Pableo for The National
Tawahadna, which translates as 'We are united', by Maha Khalid Baseed and Vaidehi Pal, is a collection of outfits based on the needs of children with sensory disorders. Ruel Pableo for The National

Another fashion-forward idea, called the Customisation of High Heels using 3D Printing Technology, was put forth by Sara Nael Alnajadawi. The project uses a three-step process that includes pressure identification tests, scanning and 3D-printing to redesign a woman’s pre-existing pair of high heels or create new, more comfortable ones.

Finally, with the metaverse on everyone’s mind, DIDI design student Nayef Faisal Albastaki took it a step forward and proposed a metaverse space that will promote feelings of comfort and safety in virtual worlds, for those still not comfortable or savvy with this parallel universe.

“The graduation of the first bachelor's of design class from DIDI represents another milestone in our progress towards a vibrant creative economy [for which] we need to make sure the infrastructure and the right programmes and institutions are in place for creatives to develop, grow and flourish. This is not only for our community in Dubai, but for the region and beyond," Sheikha Latifa said.

'The graduation of the first bachelor's of design class represents another milestone in our progress towards a vibrant creative economy,' said Sheikha Latifa. Photo: Dubai Media Office
'The graduation of the first bachelor's of design class represents another milestone in our progress towards a vibrant creative economy,' said Sheikha Latifa. Photo: Dubai Media Office

The ceremony was also attended by Malek Al Malek, director general of the Dubai Development Authority and chairman of DIDI; Hala Badri, director general of Dubai Culture and Arts Authority; Mohammad Abdullah, president of DIDI; Rachel Schreiber, executive dean of Parsons School of Design; Hani Asfour, dean of DIDI.

Meydan card

6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
7.05pm: Conditions (TB) $100,000 (Turf) 1,400m
7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7%E2%80%9D%20LPTO%20Amoled%2C%202412%20x%201080%2C%20394ppi%2C%20HDR10%2B%2C%20Corning%20Gorilla%20Glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Qualcomm%20Snapdragon%208%2B%20Gen%202%2C%20octa-core%3B%20Adreno%20730%20GPU%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%2C%20Nothing%20OS%202%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20wide%2C%20f%2F1.9%20%2B%2050MP%20ultrawide%2C%20f%2F2.2%3B%20OIS%2C%20auto-focus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030%2F60fps%2C%201080p%20%40%2030%2F60fps%3B%20live%20HDR%2C%20OIS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.5%2C%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%20Full-HD%20%40%2030fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204700mAh%3B%20full%20charge%20in%2055m%20w%2F%2045w%20charger%3B%20Qi%20wireless%2C%20dual%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Dark%20grey%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2)%2C%20USB-C-to-USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh2%2C499%20(12GB%2F256GB)%20%2F%20Dh2%2C799%20(12GB%2F512GB)%3C%2Fp%3E%0A
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
MATCH INFO

English Premiership semi-finals

Saracens 57
Wasps 33

Exeter Chiefs 36
Newcastle Falcons 5

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A

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.”

PLAY-OFF%20DRAW
%3Cp%3EBarcelona%20%20v%20Manchester%20United%0D%3Cbr%3E%0D%3Cbr%3EJuventus%20v%20Nantes%20%0D%3Cbr%3E%0D%3Cbr%3ESporting%20Lisbon%20v%20Midtjylland%20%0D%3Cbr%3E%0D%3Cbr%3EShakhtar%20Donetsk%20v%20Rennes%20%0D%3Cbr%3E%0D%3Cbr%3EAjax%20v%20Union%20Berlin%0D%3Cbr%3E%0D%3Cbr%3EBayer%20Leverkusen%20v%20Monaco%20%0D%3Cbr%3E%0D%3Cbr%3ESevilla%20v%20PSV%20Eindhoven%0D%3Cbr%3E%0D%3Cbr%3ESalzburg%20v%20Roma%3C%2Fp%3E%0A
About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

A Long Way Home by Peter Carey
Faber & Faber

MATCH INFO

Champions League last 16, first leg

Tottenham v RB Leipzig, Wednesday, midnight (UAE)

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

Updated: June 08, 2022, 7:18 AM