Chef Vikas Khanna, right, with Ganesh Raju, the chief executive of Akshaya.io, and a copy of Khanna's limited edition book 'Sacred Foods of India'. Photo: Vikas Khanna
Chef Vikas Khanna, right, with Ganesh Raju, the chief executive of Akshaya.io, and a copy of Khanna's limited edition book 'Sacred Foods of India'. Photo: Vikas Khanna
Chef Vikas Khanna, right, with Ganesh Raju, the chief executive of Akshaya.io, and a copy of Khanna's limited edition book 'Sacred Foods of India'. Photo: Vikas Khanna
Chef Vikas Khanna, right, with Ganesh Raju, the chief executive of Akshaya.io, and a copy of Khanna's limited edition book 'Sacred Foods of India'. Photo: Vikas Khanna

Celebrity chef Vikas Khanna launches limited-edition book starting at $25,000


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Michelin-lauded chef Vikas Khanna has spent the last eight years compiling recipes of foods served in some of India's holiest places. What he amassed was a gold mine of ancient culinary traditions, some so rare they only deserve to be told through a gilded, crystal-embellished tome.

Sacred Foods of India, Khanna's latest project, is a limited-edition book, of which only 250 copies have been made available. Each is a collectible and comes in a walnut and maple wooden box embedded with rare gemstones and Swarovski crystals.

Paper used for printing is acquired from "special sources" in Italy and is meant to last for generations, while the ink is sourced from Japan.

The price tag: $25,000.

Celebrity chef Vikas Khanna at the launch of 'Sacred Foods of India' in Dubai. Photo: Vikas Khanna
Celebrity chef Vikas Khanna at the launch of 'Sacred Foods of India' in Dubai. Photo: Vikas Khanna

For those who like their books even rarer, only two copies come in a pure sandalwood box, which requires official Indian government certifications, and are priced at $50,000 a piece.

Khanna, who runs Kinara at JA Lake View Hotel and Ellora at JA The Resort in Dubai, has partnered with "phygital" platform Akshaya.io for the launch. To coincide, the group has created NFTs of the books, which will be unique for each copy.

Akshaya.io helps users claim ownership of physical and digital assets with certified proof of authenticity in India.

'Sacred Foods of India' is a compilation of recipes of food served in some of India's holiest places. Photo: Vikas Khanna
'Sacred Foods of India' is a compilation of recipes of food served in some of India's holiest places. Photo: Vikas Khanna

"Sacred Foods of India is very dear to my heart and I wish this will be a prized possession for those who are interested in buying or investing into works of passion," Khanna said at the book's launch in Dubai on Thursday. "I welcome one and all to be a part of my journey, as I take a giant vault into the new age of internet."

A New York City resident, Khanna worked for many years at Junoon in Manhattan, which earned a Michelin star for six consecutive years from 2011. He has since written numerous books, starred as a judge on MasterChef India and directed documentary films.

He made his feature film directorial debut in 2020 with The Last Colour, based on the relationship between a young tightrope walker and a widow in the holy city of Varanasi.

At the height of the Covid-19 closures in 2020, Khanna was lauded for his Feed India campaign, which provided food for hundreds of thousands of Indian migrant workers left unemployed and destitute by the pandemic.

The 11 Dubai restaurants with Michelin stars - in pictures

  • 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

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.”

World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
What is an FTO Designation?

FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Five personal finance podcasts from The National

 

To help you get started, tune into these Pocketful of Dirham episodes 

·

Balance is essential to happiness, health and wealth 

·

What is a portfolio stress test? 

·

What are NFTs and why are auction houses interested? 

·

How gamers are getting rich by earning cryptocurrencies 

·

Should you buy or rent a home in the UAE?  

LAST-16 FIXTURES

Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi

Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi

Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYango%20Deli%20Tech%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2022%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ERetail%20SaaS%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ESelf%20funded%0D%3Cbr%3E%3C%2Fp%3E%0A
Results
%3Cp%3E%3Cstrong%3EStage%202%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Soudal%E2%80%93Quick-Step%20-%2018%E2%80%9911%E2%80%9D%3Cbr%3E2.%20EF%20Education%20%E2%80%93%20EasyPost%20-%201%22%3Cbr%3E3.%20Ineos%20Grenadiers%20-%203%22%3Cbr%3E%3Cstrong%3EGeneral%20classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenadiers%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%E2%80%93Quick-Step%20-%20ST%3Cbr%3E3.%20Nikias%20Arndt%20(GER)%20Bahrain%20Victorious%20-%203%22%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
ARABIAN GULF LEAGUE FIXTURES

Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)

Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)

Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Updated: May 30, 2023, 1:40 PM