• Tresind Studio at Nakheel Mall has one Michelin star.
    Tresind Studio at Nakheel Mall has one Michelin star.
  • Al Muntaha, on the 27th floor of Burj Al Arab, has received one Michelin star.
    Al Muntaha, on the 27th floor of Burj Al Arab, has received one Michelin star.
  • Armani/Ristorante, at Armani Hotel Dubai, has been awarded one Michelin star. Photo: Armani/Ristorante
    Armani/Ristorante, at Armani Hotel Dubai, has been awarded one Michelin star. Photo: Armani/Ristorante
  • Hakkasan at Atlantis, The Palm, now has one Michelin star. Photo: Hakkasan Dubai
    Hakkasan at Atlantis, The Palm, now has one Michelin star. Photo: Hakkasan Dubai
  • Hoseki at the Bulgari Resort is among the few restaurants in Dubai with one Michelin star. Photo: Bulgari Hotel
    Hoseki at the Bulgari Resort is among the few restaurants in Dubai with one Michelin star. Photo: Bulgari Hotel
  • Ossiano at Atlantis, The Palm, has one Michelin star. Photo: Atlantis, The Palm
    Ossiano at Atlantis, The Palm, has one Michelin star. Photo: Atlantis, The Palm
  • Tasca by Jose Avillez at Mandarin Oriental Jumeira has one Michelin star. Photo: Mandarin Oriental
    Tasca by Jose Avillez at Mandarin Oriental Jumeira has one Michelin star. Photo: Mandarin Oriental
  • Torno Subito at W Dubai - The Palm has one Michelin star. Chris Whiteoak / The National
    Torno Subito at W Dubai - The Palm has one Michelin star. Chris Whiteoak / The National
  • 11 Woodfire in Jumeirah has one Michelin star. Photo: 11 Woodfire
    11 Woodfire in Jumeirah has one Michelin star. Photo: 11 Woodfire
  • Stay by Yannick Alleno at One&Only The Palm has two Michelin stars. Photo: Jumana El-Heloueh
    Stay by Yannick Alleno at One&Only The Palm has two Michelin stars. Photo: Jumana El-Heloueh
  • Il Ristorante – Niko Romito in Jumeirah has two Michelin stars. Photo: Il Ristorante
    Il Ristorante – Niko Romito in Jumeirah has two Michelin stars. Photo: Il Ristorante
  • Al Khayma at Dubai Marine Beach Resort & Spa is in Michelin’s Bib Gourmand list, which refers to restaurants that provide 'value-for-money three-course meals'. Photo: Al Khayma
    Al Khayma at Dubai Marine Beach Resort & Spa is in Michelin’s Bib Gourmand list, which refers to restaurants that provide 'value-for-money three-course meals'. Photo: Al Khayma
  • Fi'lia at SLS Dubai Hotel & Residences made Michelin's Bib Gourmand list. Photo: Fi'lia
    Fi'lia at SLS Dubai Hotel & Residences made Michelin's Bib Gourmand list. Photo: Fi'lia
  • Bait Maryam in JLT is now a Michelin Bib Gourmand restaurant.
    Bait Maryam in JLT is now a Michelin Bib Gourmand restaurant.
  • Ibn AlBahr at Club Vista Mare is in Michelin's Bib Gourmand list. Instagram / @ibnalbahr
    Ibn AlBahr at Club Vista Mare is in Michelin's Bib Gourmand list. Instagram / @ibnalbahr
  • Indya by Vineet at Le Royal Meridien Beach Resort & Spa is now a Michelin Bib Gourmand restaurant.
    Indya by Vineet at Le Royal Meridien Beach Resort & Spa is now a Michelin Bib Gourmand restaurant.
  • Beetroot and ricotta at folly. The restaurant made it into Michelin's Bib Gourmand list.
    Beetroot and ricotta at folly. The restaurant made it into Michelin's Bib Gourmand list.
  • Kinoya at The Onyx Tower 2 in The Greens is in Michelin's Bib Gourmand list. Pawan Singh / The National
    Kinoya at The Onyx Tower 2 in The Greens is in Michelin's Bib Gourmand list. Pawan Singh / The National
  • Red umami prawns at Orfali Bros in Wasl 51 mall. The restaurant is now in Michelin's Bib Gourmand list. Photo: Orfali Bros
    Red umami prawns at Orfali Bros in Wasl 51 mall. The restaurant is now in Michelin's Bib Gourmand list. Photo: Orfali Bros
  • Goldfish at The Galleria Mall made it into Michelin's Bib Gourmand list. Photo: Goldfish
    Goldfish at The Galleria Mall made it into Michelin's Bib Gourmand list. Photo: Goldfish
  • Beef gyoza at Reif Japanese Kushiyaki at Dar Wasl Mall. The restaurant is now in Michelin's Bib Gourmand list. Photo: Reif Japanese Kushiyaki
    Beef gyoza at Reif Japanese Kushiyaki at Dar Wasl Mall. The restaurant is now in Michelin's Bib Gourmand list. Photo: Reif Japanese Kushiyaki
  • Beef garum at Teible in Jameel Arts Centre. The restaurant is now in Michelin's Bib Gourmand list. Photo: Teible
    Beef garum at Teible in Jameel Arts Centre. The restaurant is now in Michelin's Bib Gourmand list. Photo: Teible
  • Chef Daniel Boulud at his Brasserie Boulud in Sofitel Dubai The Obelisk. The restaurant is in Michelin's Bib Gourmand list. Pawan Singh / The National
    Chef Daniel Boulud at his Brasserie Boulud in Sofitel Dubai The Obelisk. The restaurant is in Michelin's Bib Gourmand list. Pawan Singh / The National
  • Shabestan at the Radisson Blu Hotel, Dubai Deira Creek, is in the Michelin Bib Gourmand list. Photo: Shabestan
    Shabestan at the Radisson Blu Hotel, Dubai Deira Creek, is in the Michelin Bib Gourmand list. Photo: Shabestan
  • Ninive at Emirates Towers is in the Michelin Bib Gourmand list. Photo: Ninive
    Ninive at Emirates Towers is in the Michelin Bib Gourmand list. Photo: Ninive

Michelin-starred restaurants in Dubai: 11 places awarded stars


Panna Munyal
  • English
  • Arabic

It’s official. Dubai has just got its own red Michelin Guide, with 69 restaurants being included in the guide and a total of 13 stars and one Green Star among a handful of them.

Nine restaurants won one star each, and two received two stars.

The Michelin Green Star also made its entry to Dubai. This star puts the spotlight on a sustainable approach to gastronomy, and Lowe was the one restaurant awarded the coveted title.

The stars were announced by the prestigious culinary group at a chef-studded event at Dubai Opera on Tuesday morning.

Scroll through the gallery below to see more from the Michelin Guide Dubai event

  • Bibendum, also know as the Michelin Man, is pictured during a ceremony revealing the 2022 selection of the Michelin Guide Dubai on June 21, 2022. AFP
    Bibendum, also know as the Michelin Man, is pictured during a ceremony revealing the 2022 selection of the Michelin Guide Dubai on June 21, 2022. AFP
  • Presenter Samar Breitem Bell, left, and international director of the Michelin Guides Gwendal Poullennec reveal the 2022 selection. AFP
    Presenter Samar Breitem Bell, left, and international director of the Michelin Guides Gwendal Poullennec reveal the 2022 selection. AFP
  • Issam Kazim, chief executive of Dubai Corporation for Tourism and Commerce Marketing, speaks during the ceremony. AFP
    Issam Kazim, chief executive of Dubai Corporation for Tourism and Commerce Marketing, speaks during the ceremony. AFP
  • Chefs and owners pose for a group picture on the stage. AFP
    Chefs and owners pose for a group picture on the stage. AFP
  • One Michelin star goes to Hakkasan restaurant at Atlantis, The Palm. Khushnum Bhandari / The National
    One Michelin star goes to Hakkasan restaurant at Atlantis, The Palm. Khushnum Bhandari / The National
  • One Michelin star goes to Tresind Studio at Nakheel Mall. Khushnum Bhandari / The National
    One Michelin star goes to Tresind Studio at Nakheel Mall. Khushnum Bhandari / The National
  • Lowe wins the first and only Green Star for Dubai. Khushnum Bhandari / The National
    Lowe wins the first and only Green Star for Dubai. Khushnum Bhandari / The National
  • Danijela Tesic is awarded the Michelin Sommelier Award. Khushnum Bhandari / The National
    Danijela Tesic is awarded the Michelin Sommelier Award. Khushnum Bhandari / The National
  • Tasca by Jose Avillez is given one Michelin star. Khushnum Bhandari / The National
    Tasca by Jose Avillez is given one Michelin star. Khushnum Bhandari / The National
  • Two Michelin stars for Il Ristorante — Niko Romito. Khushnum Bhandari / The National
    Two Michelin stars for Il Ristorante — Niko Romito. Khushnum Bhandari / The National
  • People look on as the Michelin stars are handed out. Khushnum Bhandari / The National
    People look on as the Michelin stars are handed out. Khushnum Bhandari / The National
  • One Michelin star goes to Torno Subito. Khushnum Bhandari / The National
    One Michelin star goes to Torno Subito. Khushnum Bhandari / The National
  • Al Muntaha gets one Michelin star. Khushnum Bhandari / The National
    Al Muntaha gets one Michelin star. Khushnum Bhandari / The National
  • One Michelin star goes to 11 Woodfire restaurant. Khushnum Bhandari / The National
    One Michelin star goes to 11 Woodfire restaurant. Khushnum Bhandari / The National
  • Two Michelin stars for Stay by Yannick Alleno. Khushnum Bhandari / The National
    Two Michelin stars for Stay by Yannick Alleno. Khushnum Bhandari / The National
  • Hoseki restaurant picks up one Michelin star. Khushnum Bhandari / The National
    Hoseki restaurant picks up one Michelin star. Khushnum Bhandari / The National
  • Solemann Haddad from Moonrise wins the Young Chef Award. Khushnum Bhandari / The National
    Solemann Haddad from Moonrise wins the Young Chef Award. Khushnum Bhandari / The National
  • One Michelin star goes to Ossiano. Khushnum Bhandari / The National
    One Michelin star goes to Ossiano. Khushnum Bhandari / The National
  • One Michelin star is handed out to the chef from Armani Ristorante. Khushnum Bhandari / The National
    One Michelin star is handed out to the chef from Armani Ristorante. Khushnum Bhandari / The National
  • Bait Maryam team wins the Welcome and Service Award. The restaurant was also listed in the Bib Gourmand category. Khushnum Bhandari / The National
    Bait Maryam team wins the Welcome and Service Award. The restaurant was also listed in the Bib Gourmand category. Khushnum Bhandari / The National

A selection of restaurants in the value-for-money Bib Gourmand section was also revealed, as well as three Michelin special awards, which include the Sommelier Award for Danijela Tesic of Ossiano; the Welcome & Service award for the Bait Maryam team; and the Young Chef Award for Solemann Haddad of Moonrise.

The shining stars

Al Muntaha, 11 Woodfire, Armani/Ristorante, Hakkasan, Hoseki, Ossiano, Tasca by Jose Avillez, Torno Subito and Tresind Studio have been awarded one star each, which denotes high-quality cooking.

Il Ristorante - Niko Romito and Stay by Yannick Alleno got two stars, which stands for excellent cooking.

No Dubai restaurant can lay claim (yet) to three Michelin stars, for cuisine that is categorised by the guide as exceptional.

The Dubai guide, which is digital-only, was confirmed in March after years of speculation — and even frustration — as to if and when Michelin would bring a guide to our shores. In fact chef Gregoire Berger of the award-winning Ossiano restaurant was one of the most vocal advocates for a local guide.

“The Michelin Guide coming to town is the collective achievement of pushing standards and boundaries in the region, and something many of us have been working on for some years by raising the bar, driving sustainability and seasonality, and developing our craft and personality,” Berger told The National in March.

“The arrival of Michelin will ultimately set higher standards for the city, bringing with it many global talents and finally giving Dubai the position it deserves on the global culinary scene. It’s finally due.”

Gwendal Poullennec, international director of Michelin Guides, said the introduction of Dubai to the Michelin family is a "historic moment" and that the inspectors were so impressed by its cosmopolitan culinary offering that they selected a total of 69 restaurants to be included in the guide for their diversity and uniqueness.

The rising stars

Also released at this morning’s event was Michelin’s Bib Gourmand list. This refers to restaurants that provide “value-for-money three-course meals”, that is, venues where diners can enjoy several courses under a certain amount (which varies depending on a city’s cost of living).

The 14 restaurants that made the cut in Dubai are: Al Khayma, Bait Maryam, Brasserie Boulud, Fi'lia, folly, Goldfish, Ibn AlBahr, Indya by Vineet, Kinoya, Ninive, Orfali Bros, Reif Japanese Kushiyaki, Shabestan and Teible.

Quality is king

All the restaurants were cherry-picked by anonymous Michelin inspectors who spent months scoping out venues across the emirate.

“The same inspector does not visit a place twice, and different inspectors visit a place at different times to monitor consistency,” explains Gwendal Poullennec, international director of the Michelin Guide. “Stars are then allocated based on a collective decision. And this is why a restaurant that has even just one star, it means a lot to the industry.”

Food quality — rather than ambience, service or presentation — is the overarching reason for a restaurant’s inclusion in the Michelin Guide. This is gauged on five criteria.

1. The quality of the ingredients

2. The mastery of cooking

3. The harmony of flavours

4. The personality of the chef reflected through the cuisine

5. The consistency both over time and across the entire menu

The venues listed in a guide also often make it to the bucket lists of gastro-tourists. These jet-setting foodies will seek out Michelin-starred outlets on their next holiday — or, indeed, plan said holiday around a city’s stellar restaurants. This in turn helps to put a destination on the global culinary map, of which Dubai is now a firm and worthy fixture.

Full list of Dubai restaurants with Michelin stars

  • Al Muntaha
  • 11 Woodfire
  • Armani/Ristorante
  • Hakkasan
  • Hoseki
  • Ossiano
  • Tasca by Jose Avillez
  • Torno Subito
  • Tresind Studio
  • Il Ristorante - Niko Romito
  • Stay by Yannick Alleno

Full list of Dubai restaurants in the Bib Gourmand category

  • Al Khayma
  • Bait Maryam
  • Brasserie Boulud
  • Fi'lia
  • folly
  • Goldfish
  • Ibn AlBahr
  • Indya by Vineet
  • Kinoya
  • Ninive
  • Orfali Bros
  • Reif Japanese Kushiyaki
  • Shabestan
  • Teible

Full list of restaurants in the 'Michelin Guide DXB'

  1. 3 Fils
  2. 11 Woodfire (one star)
  3. Akira Back
  4. Al Fanar
  5. Al Khayma (Bib Gourmand)
  6. Al Mandaloun
  7. Al Muntaha (one star)
  8. Amazonico
  9. Armani/Ristorante (one star)
  10. Avatara
  11. Avli by Tashas
  12. Bait Maryam (Bib Gourmand)
  13. Bleu Blanc
  14. Bombay Bungalow
  15. Brasserie Boulud (Bib Gourmand)
  16. Carnival by Tresind
  17. Ce La Vi
  18. Celebrities by Mauro Colagreco
  19. Cipriani
  20. Clap
  21. Coya
  22. Demon Duck by Alvin Leung
  23. Fi'lia (Bib Gourmand)
  24. folly (Bib Gourmand)
  25. Gaia
  26. Goldfish (Bib Gourmand)
  27. Hakkasan (one star)
  28. Armani/Hashi
  29. Hell's Kitchen
  30. Hoseki (one star)
  31. Hutong
  32. Ibn AlBahr (Bib Gourmand)
  33. Il Borro
  34. Il Ristorante - Niko Romito (two stars)
  35. Indego by Vineet
  36. Indya by Vineet (Bib Gourmand)
  37. Kinoya (Bib Gourmand)
  38. L'Atelier de Joel Robuchon
  39. Little Miss India
  40. Lowe
  41. LPM
  42. Marea
  43. Masti
  44. Mimi Kakushi
  45. Moonrise
  46. Netsu by Ross Shonhan
  47. Ninive (Bib Gourmand)
  48. Nobu
  49. Orfali Bros (Bib Gourmand)
  50. Ossiano (one star)
  51. Pierre's TT (Bib Gourmand)
  52. Reif Japanese Kushiyaki (Bib Gourmand)
  53. Rhodes W1
  54. Rockfish
  55. Sea Fu
  56. Shang Palace
  57. Shabestan (Bib Gourmand)
  58. Siraj
  59. Social by Heinz Beck
  60. Stay by Yannick Alleno (two stars)
  61. Sucre
  62. Tan Cha
  63. Tasca by Jose Avillez (one star)
  64. Teible (Bib Gourmand)
  65. The Artisan
  66. Torno Subito (one star)
  67. Tresind
  68. Tresind Studio (one star)
  69. Zuma
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs
Engine: 2.5-litre, turbocharged 5-cylinder

Transmission: seven-speed auto

Power: 400hp

Torque: 500Nm

Price: Dh300,000 (estimate)

On sale: 2022 

New Zealand 21 British & Irish Lions 24

New Zealand
Penalties: Barrett (7)

British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell 
 

MATCH INFO

Norwich 0

Watford 2 (Deulofeu 2', Gray 52')

Red card: Christian Kabasele (WatforD)

The specs: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

FA Cup quarter-final draw

The matches will be played across the weekend of 21 and 22 March

Sheffield United v Arsenal

Newcastle v Manchester City

Norwich v Derby/Manchester United

Leicester City v Chelsea

Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
Representing%20UAE%20overseas
%3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A
UAE SQUAD

Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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.”

A new relationship with the old country

Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.

ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur  Sheikh Zayed

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The Case For Trump

By Victor Davis Hanson
 

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 
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

HAJJAN
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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
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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
WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

The%20specs
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The specs: 2018 Kia Picanto

Price: From Dh39,500

Engine: 1.2L inline four-cylinder

Transmission: Four-speed auto

Power: 86hp @ 6,000rpm

Torque: 122Nm @ 4,000rpm

Fuel economy, combined: 6.0L / 100km

Apple%20Mac%20through%20the%20years
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Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

Players Selected for La Liga Trials

U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian

Name: Yahia Iraqi (Malaga)
Position: Left Wing
Nationality: Morocco

Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
Nationality: French

Name: Mohammed Rajeh (Cadiz)
Position: Striker
Nationality: Jordanian

U16 Age Group
Name: Mehdi Elkhamlichi (Malaga)
Position: Lead Striker
Nationality: Morocco

High profile Al Shabab attacks
  • 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
  • 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
  • 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
  • 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
  • 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
  • 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
Company%20profile
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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

First Person
Richard Flanagan
Chatto & Windus 

Updated: June 23, 2023, 2:59 PM