"All this buttoning and unbuttoning," read an anonymous 18th-century suicide note.
Struggling to fasten a few buttons on Astrid's dress, I catch a glimpse of this age-old melancholy, exasperation and world-weariness with the process of dressing. I try to catch Astrid as she writhes and wriggles on the bed. Butter-fingered and clumsy-thumbed, it takes me five minutes to do up three buttons. To make it worse, it is her third set of clothing and it is not even midday.
Clothing is full of mysteries that seem to override more immediate practicalities. Take, for instance, the way men's shirts button up on the right, while women's shirts button up on the left. In the 17th century, when this custom apparently began, clothes with buttons were worn mostly by rich people. And while wealthy men dressed themselves, wealthy women had servants to dress them. Men's shirts were therefore made for right-handed wearers to fasten easiest, while women's shirts were made for the benefit of right-handed servants. This practice has remained in place well beyond its function.
Clothing is littered with such relics of bygone customs and traditions. Fortunately, baby clothes are not as prone to such impractical remnants. It is just as well: Astrid would turn a white dress with frills and intricate lace patterns - the garment traditionally worn by Victorian babies - into a stained rag in minutes. She is not a sedentary being. She pushes clothes to their limits.
In truth, Astrid demands an item of clothing that has not been invented yet. Made of the hi-tech materials such as Teflon and Kevlar, it would resemble a boiler suit with sturdy protective knee and elbow pads. It would be non-stick, wipe clean and have a fur-soft lining. It would fasten with Velcro or magnets, perhaps. Buttons on baby clothes are, as I have already established, a very bad idea. Metal studded poppers are not much better. Most importantly, the ideal garment would be a living, organic thing that would grow at the same rate as Astrid. If not, all this effort and expense would be in vain. No matter how hard wearing, it would only last for a few weeks.
Astrid grows so quickly. When she was a few months old, she was given some red shoes as a present. They are delightful. Soft leather with green leaf shapes sewn on the front, they are made to look like strawberries. Since they were sized 12-18 months, we put them away until she grew into them. When she was about seven months old, we tried the shoes on her, just to gauge when they might fit. It is fortunate we did; they were the right size. By 10 months old, she had outgrown them. The opportunity for a child to wear a particular item of clothing is fleeting. Its shelf life is short.
The scant use of children's clothes does have its benefits. The second hand shop in St Andrews Church in Abu Dhabi, for example, bristles with good-quality items for a fraction of their original price. Friends are often eager to pass on clothes that their children have grown out of. All in all, most children's garments are well used, eventually. There's only one problem for us with this life cycle of clothes: by the time Astrid has finished with them they are almost always worn out.
Like an infant ornithologist, Astrid spends a lot of time on the balcony watching birds. Small ones dart to and fro. Big ones with flashes of yellow come and perch on the rail. Pigeons flock and congregate on the pavement below.
"Birds," we say, as Astrid stands at the glass watching these remarkable things flying about in the sky.
Then there are big, noisy ones: "Aeroplanes," we say, and point. She has become very good at pointing whenever she hears the muffled roar of jet engines. We are on some kind of flight path and planes often pass over when we are having breakfast or dinner. Astrid has started pointing at things that sound like aeroplanes: the big lorry collecting rubbish or an old car spluttering into life. Mostly, though, it is the sound of planes.
The strangest thing that has appeared in the balcony's patch of sky is two men levitating on the side of the building. Astrid looked surprised when they floated down one morning. They tried to just get on with their job, but Astrid stood there, pointing and waving manically, trying to get their attention. Eventually, just before they set off to the floor below, one of them waved back.
"Window cleaners," we said, as if in explanation.
Life on the balcony is complicated and interesting.
* Robert Carroll
How to protect yourself when air quality drops
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.
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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.”
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)
5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami
6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami
6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel
7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel
7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar
The specs
Engine: 4 liquid-cooled permanent magnet synchronous electric motors placed at each wheel
Battery: Rimac 120kWh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry
Power: 1877bhp
Torque: 2300Nm
Price: Dh7,500,00
On sale: Now
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
The five pillars of Islam
RESULTS
Dubai Kahayla Classic – Group 1 (PA) $750,000 (Dirt) 2,000m
Winner: Deryan, Ioritz Mendizabal (jockey), Didier Guillemin (trainer).
Godolphin Mile – Group 2 (TB) $750,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar
Dubai Gold Cup – Group 2 (TB) $750,000 (Turf) 3,200m
Winner: Subjectivist, Joe Fanning, Mark Johnston
Al Quoz Sprint – Group 1 (TB) $1million (T) 1,200m
Winner: Extravagant Kid, Ryan Moore, Brendan Walsh
UAE Derby – Group 2 (TB) $750,000 (D) 1,900m
Winner: Rebel’s Romance, William Buick, Charlie Appleby
Dubai Golden Shaheen – Group 1 (TB) $1.5million (D) 1,200m
Winner: Zenden, Antonio Fresu, Carlos David
Dubai Turf – Group 1 (TB) $4million (T) 1,800m
Winner: Lord North, Frankie Dettori, John Gosden
Dubai Sheema Classic – Group 1 (TB) $5million (T) 2,410m
Winner: Mishriff, John Egan, John Gosden
Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm