As the Christmassy excitement pervading the air slowly filters out, we're all going to experience post-festive blues. There's no getting away from it. The trees will already have started being stripped of every gleaming bauble; that excessively frilly fairy simpering at you from the top will be confined to simper at the bottom of the box lid for another year.
The Sixth Form Christmas Social is over, pretty dresses hung back in the wardrobes, presents opened and sorted into the ones you want to keep and the ones you're going to pass on if you can remember where you put them. And as the last of the tinsel and fake, giant snowmen leering at you from every corner are put away, and even the most enthusiastic carollers have stopped bursting into Deck the Halls at every given opportunity, I can't help thinking that a time turner à la Harry Potter would come in useful.
We've all had more than our fair share of stuffed turkey, getting through enough to last till next Christmas. Girls have got through every single one of their numerous Christmas earrings, shaped like reindeer, Santas, bells and sprigs of holly. We've had people standing hopefully under mistletoe for hours on end with little luck. Our classroom looks surprisingly sorry now, devoid as it is of fairy lights and the "goth" decorations. These involved a load of posters announcing Merry Christmas to all in sparkling silver with angry black backgrounds because we couldn't find any green and red markers.
I had contributed a magnificent snowstorm, where I shredded sheets of paper into jagged little bits. The idea was to paste them all to the wall. I was covered in UHU superglue and had nearly fallen off the table after sticking up only five scraps. Just about 500 more to go. The brainwave was discarded but at least the "snowflakes" drew comments, though most of them, well, all of them, not expressing admiration but a bewilderment about why there were five pointy scraps of paper stuck to the wall.
It was, if anything, a musical Christmas. Our school's festive concert, "Music and Mince Pies", was an opportunity to play carols to an auditorium full of patient parents with cameras, ready to pounce at the first sign of their son or daughter, who would labour away with a pained expression and occasionally mouth: "Turn it off!" Once our performances were over, and we'd all bellowed out "let it snow" in different keys at a whole-school singalong. At the end, we got to the crux of the matter: the excellent mince pies.
The season brought with it, too, some traditional treats. Our Secret Santa scheme in school, where we anonymously presented a random member of the class with a gift, yielded people exchanging everything from candy canes to stuffed Christmas Grinches to pairs of socks. The best present I received by far this year, though, was an innocent-looking envelope with a pair of tickets to the ballet inside.
You don't get any more cliché than watching Tchaikovsky's ever-popular The Nutcracker at yuletide, which is what the Vienna Festival Ballet was to perform at Ductac, Mall of the Emirates, Dubai. We had turned up, inappropriately as usual, in jeans, only to be welcomed by a red carpet and crowds of people milling around in suits and dresses. Sliding abashedly into balcony seats, trying to stuff feet out of view where you couldn't see the scuffed soles, we plonked ourselves down. It was easy to lose yourself, though, as Tchaikovsky's timeless music surged around us, bringing with it all its raw emotions of passion, grief and ecstasy.
If there's anything teenagers like, it's a good, traditional, classic love story. All right, perhaps enjoying a story with characters called the Mouse King and the Sugar Plum Fairy isn't a mark of having achieved the pinnacle of emotional maturity, but the dancing, if not always perfectly coordinated, was anything but immature. We watched spellbound as the troupe, choreographed by Sheila Styles from Sadler's Wells Royal Ballet, brought to life the charming tale of Clara, a girl who receives a nutcracker doll as a Christmas present, in a whirlwind of colour and movement.
The doll comes to life and transports Clara to a magical land, after they've defeated an army of delightfully evil mice who were bizarrely sporting giant furry heads with beady little eyes over their lithe ballet-virtuoso bodies. As the final curtain fell, Clara, having woken up from what had all been a dream, and the cast, including dancers from Arabia in sort of belly-dancing costumes, and the giant sticks of nougat, took their bows. The air seemed to be filled with a bonhomie you don't often get in the usually impersonal malls.
And while that might be what Christmas is about - reliving fairy tales, the soaring spirits and the presents - at least we don't have to return to real life just yet. The nightlong New Year's Eve parties await.
The writer is a 16-year-old student in Dubai
artslife@thenational.ae
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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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.”
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Results:
6.30pm: Maiden | US$45,000 (Dirt) | 1,400 metres
Winner: Tabarak, Royston Ffrench (jockey), Rashed Bouresly (trainer)
7.05pm: Handicap | $175,000 (Turf) | 3,200m
Winner: Dubhe, William Buick, Charlie Appleby
7.40pm: UAE 2000 Guineas Group 3 | $250,000 (D) | 1,600m
Winner: Estihdaaf, Christophe Soumillon, Saeed bin Suroor
8.15pm: Handicap | $135,000 (T) | 1,800m
Winner: Nordic Lights, William Buick, Charlie Appleby
8.50pm: Al Maktoum Challenge Round 2 Group 2 | $450,000 (D) | 1,900m
Winner: North America, Richard Mullen, Satish Seemar
9.25pm: Handicap | $175,000 (T) | 1,200m
Winner: Mazzini, Adrie de Vries, Fawzi Nass
10pm: Handicap | $135,000 (T) | 1,400m.
Winner: Mubtasim, William Buick, Charlie Appleby
57%20Seconds
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The biog
Age: 59
From: Giza Governorate, Egypt
Family: A daughter, two sons and wife
Favourite tree: Ghaf
Runner up favourite tree: Frankincense
Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”
The specs: 2018 Maxus T60
Price, base / as tested: Dh48,000
Engine: 2.4-litre four-cylinder
Power: 136hp @ 1,600rpm
Torque: 360Nm @ 1,600 rpm
Transmission: Five-speed manual
Fuel consumption, combined: 9.1L / 100km
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.