A new dog-friendly co-working space has opened in Dubai on Umm Suqeim Road.
The Doggy Be Collective is a bright, open and colourful space, with a number of different working areas. It's ideal for people working from home that are looking for a change in scenery, but don't want to leave their pet behind for a full working day.
Animal lover Marie-Laure who opened the space in January told The National: "I've always had the desire to provide, especially for the long hot summer months, dog owners with an indoor space where human and their fur child can spend time together.
"As the work environment has changed in the past year, [there are] many people working away from the office and looking for a space outside their home to work during the day with their furry friend by their side."
She says there is a lack of dog-friendly spaces in the UAE, but acknowledges that more have opened in the past 10 years.
Studies have proven that welcoming pets in workplaces improves work-life balance, with "calming effects, such as reducing blood pressure, lowering stress and making employees more cordial and productive", according to a report by the University of Southern California.
This is something that Marie-Laure also firmly believes. "I definitely believe that spending your day at work with your furry friend will make you happier and also much more productive," she said.
"Pets are great at helping people relieve stress. The repetitive action of stroking your pet for a few minutes helps you and your pet build a bond and take your mind away from a stressful situation."
The co-working space does not sell food on-site, but they encourage people to order in throughout the day. They do, however, sell Paws-a-licious dog treats for four-legged customers.
For the time being, The Doggy Be Collective is just a dog-friendly space, but it could change to accommodate cats and other small animals in the near future.
"We have plans to make the venue available on specific days for parents to bring their other pets, allowing pet parents to socialise with each other," says Marie-Laure. "Did you know there is a large community of rabbit parents looking to socialise together?"
The space has opened in the Doggy Be studio, which has been importing and distributing pet accessories since November 2014.
With The Doggy Be Collective, the owners are hoping to cultivate a community of animal lovers and "a space where pets owner and pets lovers can come sit for a while with their friends, with or without their pets, have a coffee, chitchat or just read their favourite book.".
They also organise regular workshops with local artists and small businesses.
Entry is free, but customers must pre-book a day in advance to ensure there is space under current Covid-19 guidelines.
The Doggy Be Collective, 205 Umm Suqeim Road, Al Quoz, Dubai; open Sunday to Thursday; doggybe.com
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Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
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Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Sleep Well Beast
The National
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The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
Dhadak 2
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Identity theft: Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
Prize scams: Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
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Price: From Dh117,059
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Romarinho, Brazil
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The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
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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