Two short weeks ago, Emirati fine jewellery designer Salama Khalfan picked up her phone to hear her friend, Ghizlan Guenez, utter some heartening words: “We got the location, we got the location!”
Fast-forward to now, and the duo from Dubai are ready to reinvigorate the emirate’s creative community by launching Sawa (which translates as “together”).
The pre-Ramadan exhibition will take place from Wednesday to Saturday at Warehouse 83, Alserkal Avenue, from 2pm to 10pm. Its overarching aim is to support local entrepreneurs who have been adversely affected by the pandemic.
While Ramadan is one of the focal fashion seasons of the Middle East, Ramadan exhibitions and trade shows are usually costly investments for big brands and small businesses alike. Sawa aims to provide the latter with a platform for making sales at low cost and low risk.
"The idea was so organic – we were together one evening three weeks ago, thinking it would be amazing if someone could facilitate something where the barriers of entry are relatively low. After the bite of 2020, priorities have changed, especially for brands who've had to scale down or downsize, there's just a completely different meaning to the costs and figures before [the pandemic]," Khalfan tells The National.
I think everyone in the city craves a little bit of community magic during this time of year
“Ghizlan is one of my role models when I think of entrepreneurs. She jumped and said, ‘I’d love to do it with you’, and we sat together, her with a phone and me with a piece of paper, and started jotting down everything we needed to do.”
Guenez is the founder of The Modist, an acclaimed luxury modest fashion platform that closed because of the pandemic in 2020. She has remained a spokesperson for entrepreneurship and female empowerment, via panels and social media. Her experience with The Modist also gave her exposure to modest fashion labels worldwide – including the many that operate in the UAE.
Some long-time local favourites, including Das Collection and Bleach, will participate at Sawa, along with up-and-coming home-grown fashion, home decor and accessories brands.
In a matter of days, the duo secured a complimentary space, found a supplier to create the kiosks and complete the fit-outs, curated an assortment of 32 UAE brands, and started marketing through Instagram to help raise awareness for the community event – which they recognise is a privileged opportunity amid the global pandemic.
“We’re fortunate to be living in a city and country that has facilitated vaccinations – we’re in a good place where people have adopted health and safety measures,” says Guenez. “Everything that the government of Dubai has instructed in terms of Covid-19 measures is being implemented, from social distancing to wearing masks and sanitising. It’s a large warehouse, but the most painful thing about this has been saying ‘no’ to brands because of limited space.”
Reviving the Ramadan spirit
Last Ramadan was spent in lockdown with curfews, and Khalfan explains that a pre-Ramadan event was optimal, timing-wise, for numerous reasons.
"It was important for us to do this right before Ramadan because we weren't sure how rigid the rules will be this year," she says.
The most important element is supporting and rebuilding designers' confidence as the pandemic has impacted our sales, creative process and inspiration
“This Ramadan, there’s a lot of hope that people carry in their hearts. Everyone is hoping that this year is going to be different and a lot of us miss everything about a real Ramadan, whether it’s the scent of oud, or dressing up at home with our families, and spending suhoors and iftars with them in the traditional ways.”
Late-night shopping trips to markets, bazaars and exhibitions are also woven into the cultural fabric of Ramadan in the Middle East.
“These traditions get everyone excited about the holy month. Sawa will do exactly what it means – bring people together,” says designer Dima Ayad, whose namesake label will be on display with classic favourites, along with her new collection of metallic panelled kaftans.
“I think everyone in the city craves a little bit of community magic during this time of year.”
“Celebrating a united spirit and supporting young creatives is what Ramadan is all about,” says Grana Khan, founder of handcrafted accessories brand Le Pom Pom, which will be exhibiting phone accessories, beaded clutches and hand-wrapped sandals.
“We’ve gotten so used to being socially distant now, Sawa will reignite some excitement about bringing people together over a shared love of shopping.”
Low cost, low risk
Sawa is also putting paid to exorbitant rental costs, as Khalfan and Guenez wanted to make sure Sawa was accessible and affordable for small businesses.
“The fees are nominal; we’re basically passing on the very little cost we had to incur,” says Guenez. “It’s a non-profit, if you will, and has no commercial returns for us; it’s more about the brands doing well.”
Participation fees, which, depending on space, range from Dh2,800 to Dh5,000, go towards the installation and fit-out of stalls, so all designers need to bring is their inventory to hang.
“Participating at a nominal amount allows us to charge less and sell more,” says Ayad.
"It is very lovely to see a platform with local designers' interest as a priority," says Maha Abdul Rasheed, who is participating with her brand Bambah, and will be displaying cotton poplin and linen kaftans from her resort 2021 collection.
She says: "Events like these help rebuild the community and support the local creative scene. From my personal experience, the most important element is supporting and rebuilding designers' confidence as the pandemic has impacted our sales, and our creative process and inspiration.
“Getting together and having this affordable platform to help and regain our community is something that I’m really looking forward to. It’s also an excellent opportunity for designers and brands to gain a return on their investment due to lost sales in the past year.”
Creatives and fashion enthusiasts are already buzzing about Sawa on Instagram, and the founders hint that this platform could be more than just a one-off event for Ramadan.
“We are entrepreneurs, and we’re also people who have come together with no other intention besides supporting our ecosystem. So, if the momentum continues and we find opportunities and this starts evolving, then we’re completely putting our entrepreneurial hats on and moving with it,” says Guenez.
"We would love to see Sawa in Abu Dhabi and other emirates and maybe in different parts of the GCC," says Khalfan. "There's something so magnificently powerful about people coming to help each other. When you're surrounded by that energy, it becomes very contagious and inspires you to create more."
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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
Results
Stage 5:
1. Jonas Vingegaard (DEN) Team Jumbo-Visma 04:19:08
2. Tadej Pogacar (SLO) UAE Team Emirates 00:00:03
3. Adam Yates (GBR) Ineos Grenadiers
4. Sergio Higuita (COL) EF Education-Nippo 00:00:05
5. Joao Almeida (POR) Deceuninck-QuickStep 00:00:06
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates 17:09:26
2. Adam Yates (GBR) Ineos Grenadiers 00:00:45
3. Joao Almeida (POR) Deceuninck-QuickStep 00:01:12
4. Chris Harper (AUS) Team Jumbo-Visma 00:01:54
5. Neilson Powless (USA) EF Education-Nippo 00:01:56
UAE currency: the story behind the money in your pockets
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”.
MATCH INFO
Austria 2
Hinteregger (53'), Schopf (69')
Germany 1
Ozil (11')
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.”
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
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
On sale: Now
Price: From Dh117,059
MORE ON INTERNATIONAL JUSTICE
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%3Cp%3EAuthor%3A%20Alasdair%20Soussi%3C%2Fp%3E%0A%3Cp%3EPages%3A%20300%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20Scotland%20Street%20Press%3C%2Fp%3E%0A%3Cp%3EAvailable%3A%20December%201%3C%2Fp%3E%0A
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
Rashid & Rajab
Director: Mohammed Saeed Harib
Stars: Shadi Alfons, Marwan Abdullah, Doaa Mostafa Ragab
Two stars out of five
COMPANY%20PROFILE
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Bridgerton%20season%20three%20-%20part%20one
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Ireland (15-1):
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)
Match info
Who: India v Afghanistan
What: One-off Test match, Bengaluru
When: June 14 to 18
TV: OSN Sports Cricket HD, 8am starts
Online: OSN Play (subscribers only)
Squads
Australia: Finch (c), Agar, Behrendorff, Carey, Coulter-Nile, Lynn, McDermott, Maxwell, Short, Stanlake, Stoinis, Tye, Zampa
India: Kohli (c), Khaleel, Bumrah, Chahal, Dhawan, Shreyas, Karthik, Kuldeep, Bhuvneshwar, Pandey, Krunal, Pant, Rahul, Sundar, Umesh