• Orfali Bros Bistro, Dubai, No 1
  • Tresind Studio, Dubai, No 2
  • Ossiano, Dubai, No 4
  • 3 Fils, Dubai, No 5
  • Kinoya, Dubai, No 7
  • Moonrise, Dubai, No 10
  • Reif Kushiyaki, Dubai, No 11
  • Zuma, Dubai, No 13
  • Lowe, Dubai, No 15
  • Gaia, Dubai, No 17
  • LPM, Dubai, No 21
  • Hoseki, Dubai, No 26
  • Coya, Dubai, No 28
  • Coya, Abu Dhabi, No 33
  • 11 Woodfire, Dubai, No 35
  • Zuma, Abu Dhabi, No 43
  • Jun's, Dubai, No 44
  • Hakkasan, Abu Dhabi, No 49

Best UAE restaurants: Dubai and Abu Dhabi dominate Mena's 50 list


Panna Munyal
  • English
  • Arabic

Of the 50 venues that made it to Mena's 50 Best Restaurants 2023 list, 18 are located in the UAE. Of these, three are in Abu Dhabi, including the Michelin-starred Hakkasan, while the others are located in Dubai.

The UAE is known for its diverse cuisines, with restaurants offering everything from Greek and Latin American to fine-dining fusion and omakase experiences.

Here are the 18 UAE restaurants that made the list.

Orfali Bros Bistro, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 1 (up from No 6)

Orfali Bros Bistro won for its creativity and a small menu that changes frequently
Orfali Bros Bistro won for its creativity and a small menu that changes frequently

Cool, creative and confident are all fitting labels for the Orfali Bros Bistro team, which is led by Syrian chef Mohamad Orfali and his brothers Wassim and Omar. The bistro is located at Wasl 51 in Jumeirah 1, and is so humble in its appearance that when the brothers first opened, the occasional grandmother would enter and ask: “What is this place, is it a barbershop?”

There’s nothing minimalist about the menu, though, which comprises creations such as burnt leeks and truffle pide; scallops and sea buckthorn with amarillo leche de tigre; and even one dish simply named Guess What?

Its victory is a feather in the cap for chefs and home-grown restaurants across the Mena region. The bistro is also part of the debut Michelin Guide Dubai’s Bib Gourmand list, which recognises friendly establishments that serve good food at reasonable prices.

More information is available at orfalibros.com

Tresind Studio, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 2 (up from No 4)

Medu vada at Tresind Studio
Medu vada at Tresind Studio

Known for its experimental take on Indian food, Tresind Studio (not to be confused with Carnival by Tresind or Tresind restaurant), is located at Nakheel Mall on The Palm Jumeirah.

It serves a set tasting menu, which changes every four months: think wood apple pani puri, ghee roast crab with burnt cinnamon and curry leaf tempura and morel pulao with Assam tea dashi.

All the kitchen's scraps, meanwhile, are utilised in a curated drinks programme. Think beverages made with cacao and fennel cordial, popcorn and fig acid syrup, pickled papaya and pineapple tepache.

Led by chef Himanshu Saini, the restaurant was also the only Indian venue to win a star in the Michelin Guide Dubai.

More information is available at tresindstudio.com

Ossiano, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 4 (new entry)

Award: Highest New Entry

Nori and caviar at Ossiano
Nori and caviar at Ossiano

Chef Gregoire Berger looked elated as his "underwater restaurant" Ossiano made it onto Mena's 50 Best list for the first time, settling into the top five. It was one of 15 newcomers on the list. The restaurant at Atlantis, The Palm is also one of 11 Michelin-starred restaurants in Dubai.

Berger's upbringing in Brittany, north-west France, is apparent on the menu, but the dishes are also inspired by sunsets in South America, his wife’s Middle Eastern heritage and the ham and cheese sandwiches he used to eat as a young chef — now reimagined as a delicate croque-monsieur served on top of an actual clock. Other dishes include caviar and gold flake-topped nori tartlets; Brittany brown crab with fragrant kari gosse spice mix and bouillabaisse essence; and scallops dusted with a fine scattering of pure white truffle and artichoke.

All ingredients are sustainably sourced from the ocean or within 50km of a coastline. The marine theme is naturally reinforced by Ossiano’s views of one of the world’s largest aquariums. Multicoloured fish, rays and sharks glide past your table, helping to create a fully immersive experience.

More information is at www.atlantis.com

3 Fils, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 5 (down from No 1)

3 Fils was crowned the winner at the inaugural Mena's 50 Best Restaurants last year
3 Fils was crowned the winner at the inaugural Mena's 50 Best Restaurants last year

Home-grown restaurant 3 Fils made history when it topped the debut Mena’s 50 Best Restaurants 2022 list. Speaking to The National just before the Abu Dhabi ceremony, Ahmed Saleh, chief executive of The Lab Holding, which runs 3 Fils, said the team were ready to pass the baton. “There are people in this region who have been working really hard, and they deserve to be recognised regionally and globally," he said. "I'm excited about a new era that the list will usher in for the region.”

Coming in at No 5 is no small feat, either, for this cosy and rustic Jumeirah Fishing Harbour venue. Dishes on the menu, which focuses on quality, not quantity, include Fremantle octopus, sakura ebi, bluefin tuna sashimi, beef carpaccio and (for dessert lovers) African powerhouse — a chocolate tart with a touch of sea salt — and karak ice cream.

More information is available at 3fils.com

Kinoya, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 7 (new entry)

Ramen at Kinoya
Ramen at Kinoya

Ramen chef Neha Mishra won the One to Watch award for her izakaya-style restaurant located in The Greens on the debut Mena's 50 Best list.

The shio ramen, a popular dish from Mishra's supper club A Story of Food, is on the menu as are three other ramen bowls — shoyu, spicy miso and wontonmen. Other crowd favourites include Wagyu tsukune skewers dipped in egg yolk and soy sauce, burnt butter scallops and onsen egg on rice with dashi.

Kinoya was also named on the Michelin Guide Dubai's Bib Gourmand list, and its first branch outside the UAE, in Harrods, London, is due to open in October.

More information is available at kinoya.ae

Moonrise, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 10 (new entry)

Foie gras puri with truffle at Moonrise
Foie gras puri with truffle at Moonrise

Nestled on the rooftop of Eden House, a residential building in Dubai, Moonrise is an eight-seater omakase restaurant led by Dubai-born Syrian chef Solemann Haddad and declared the "hottest reservation" by Mena's 50 Best.

The menu changes seasonally, with a handful of new dishes introduced every two months. Creativity is the name of the game at Moonrise, with each meal comprising eight dishes, which are prepared in front of diners, with the chef explaining the backstory behind each dish's ingredients and origins.

Permanent fixtures on the menu include pani puri with foie gras and date syrup; and charred madai with sweetcorn, brown butter and bzar. New dishes this season include charcoal khubz with confit garlic and 32-month aged Comte cheese; and Hokkaido scallops with ponzu beurre blanc and fried kelp.

Haddad also won the coveted Young Chef Award as part of the Michelin Guide Dubai.

More information is available at www.moon-rise.xyz

Reif Kushiyaki, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 11 (up from No 16)

Wagyu sando at Reif Kushiyaki
Wagyu sando at Reif Kushiyaki

Famed for its ramen bowls and sandos, the Japanese restaurant is led by Singaporean chef and restaurateur Reif Othman. Located at Dar Wasl Mall and propagating a casual-dining ethos, the restaurant presents an unconventional take on Japanese street food with a focus on kushiyaki — grilled meat and poultry held together on a kushi (skewer).

The Cairo outpost of chef Reif Othman’s restaurant also made it to the Mena list, coming in at No 45, while the Michelin Guide Dubai included it in the Bib Gourmand category.

More information is available at reifkushiyaki.com

Zuma, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 13 (down from No 2)

Miso-marinated black cod at Zuma
Miso-marinated black cod at Zuma

Ask anyone where you should dine in Dubai and Zuma is almost always a guaranteed suggestion. The polar opposite of a hidden gem, the restaurant has won countless awards for its contemporary Japanese fare.

The expansive venue in the Dubai International Financial Centre toes the line between fine dining and party lounge, with a bar that is buzzing every night of the week and a food menu that includes grilled freshwater eel with avocado sweet omelette and gobo maki rolls; grilled Chilean sea bass with green chilli ginger dressing; shiitake mushroom skewers with garlic and soy butter; roasted lobster with shiso ponzu butter; and the famed miso-marinated black cod wrapped in a hoba leaf.

Zuma Dubai also received an honorary mention in the Michelin Guide Dubai.

More information is available at zumarestaurant.com

Lowe, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 15 (up from No 23)

Raw tuna tonnato with fermented chilli and daikon at Lowe
Raw tuna tonnato with fermented chilli and daikon at Lowe

Another home-grown restaurant known for its focus on sustainability, Lowe is the brainchild of culinary duo Jesse Blake and Kate Christou. The restaurant made its name by experimenting with zero-waste dinners and cooking classes where food scraps were converted into gourmet dishes.

Now part of the Nasab creative community and co-working space at Koa Canvas, Lowe specialises in rustic and relaxed dining, centred on an open kitchen with a charcoal grill, rotisserie and wood-fired oven. Dishes include labneh-stuffed olives with honey and gochugaru; nori and ricotta fritti; and chai milk cake with chocolate, kumquat and brown butter.

Lowe also won the coveted Green Star for sustainability as part of the debut Michelin Guide Dubai.

More information is available at lowe-dubai.com

Gaia, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 17 (down from No 10)

Oysters at Gaia
Oysters at Gaia

Frequented by Dubai Crown Prince Sheikh Hamdan bin Mohammed, the Greek restaurant is located in the DIFC. The brainchild of chef Izu Ani, Gaia is a home-grown fine-dining restaurant that offers sharing-style dishes in laid-back Mediterranean fashion. Staples include sea bream carpaccio, grilled octopus and black truffle pasta.

Its first international outpost opened in Monaco in 2019 and, later this year, Gaia will launch in the heart of London’s Mayfair. There are also plans to expand into Miami, Marbella and Paris.

Gaia also received an honorary mention in the Michelin Guide Dubai.

More information is available at gaia-restaurants.com

LPM, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 21 (down from No 8)

Snails with garlic butter at LPM
Snails with garlic butter at LPM

LPM, previously Le Petite Maison, has been a stalwart of the DIFC’s burgeoning fine-dining scene and serves classic French fare. With a terrace inspired by the French Riviera, the restaurant offers a menu of classics such as escargots de Bourgogne, grilled Maine lobster with rouille and, according to some, arguably the best creme brulee in the city.

LPM also received an honorary mention in the Michelin Guide Dubai.

More information is available at lpmrestaurants.com

Hoseki, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 26 (up from No 44)

Sushi at Hoseki. Photo: Bulgari Hotel
Sushi at Hoseki. Photo: Bulgari Hotel

Because of its size — Hoseki seats only nine at a time — the Bulgari Hotel restaurant often feels like one of Dubai's most exclusive venues. Hoseki operates on the Japanese omakase notion, where the customer lets the chef decide what dishes to serve.

No two meals are alike, but the restaurant is best known for its seafood, which is sourced directly from Tokyo’s famed Tsukiji fish market.

Hoseki is also one of 11 Michelin-starred venues in Dubai.

More information is available at bulgarihotels.com

Coya, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 28 (down from No 13)

Coya’s popular Chilean sea bass with rice, lime and chilli
Coya’s popular Chilean sea bass with rice, lime and chilli

Coya is famed for serving Peruvian fare, from ceviche and tiraditos to anticuchos and baos.

However, no meal here is complete without sampling the popular Chilean sea bass. It combines two different cooking styles: the sea bass is cooked in an open charcoal grill, while the arroz, or rice, is cooked like a risotto in an iron pot.

Located at the Four Seasons Resort at Jumeirah Beach, Coya has upbeat music, artistic interiors and mood lighting.

More information is at coyarestaurant.com

Coya, Abu Dhabi

Mena’s 50 Best Restaurants 2023 ranking: No 33 (up from No 34)

Coya is also one of three Abu Dhabi restaurants to make it onto the Mena's 50 Best list. While the menu mirrors the Dubai outpost, its Al Maryah Island location enjoys water-facing views, separate dining and dancing arenas and a vibrant covered terrace.

More information is available at coyarestaurant.com

11 Woodfire, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 35 (new entry)

Housed in a villa on Jumeirah Beach Road, 11 Woodfire “celebrates Earth's natural bounty and community” with a theme that is centred on fire. The restaurant is led by Singaporean chef Akmal Anuar, who says the delightfully named chlorophyll, a refreshing and tangy salad of green leaves and seaweed, buttressed by sweet and creamy pureed edamame, is one his favourite dishes.

Others on the menu include chicken wings marinated in spiced coconut and togarashi, cooked in the wood-fired oven; crispy duck leg with a cucumber, hoisin and sumac dressing; and Wagyu burger with melted Gouda, mushrooms and sriracha.

11 Woodfire is also one of 11 Michelin-starred restaurants in Dubai.

More information is at 11woodfire.com

Zuma, Abu Dhabi

Mena’s 50 Best Restaurants 2023 ranking: No 43 (new entry)

Some of the capital's residents may be surprised to know this is the first time Zuma Abu Dhabi has featured on the list, especially as Mena's 50 Best describes the branch as “a force to be reckoned with”. While the menu is similar to the one served in the DIFC outpost, Zuma Abu Dhabi is more intimate than its club-style Dubai counterpart.

Located at The Galleria Al Maryah Island, it offers waterfront views and a private dining room for up to 14 guests.

More information is available at zumarestaurant.com

Jun’s, Dubai

Mena’s 50 Best Restaurants 2023 ranking: No 44 (new entry)

Deconstructed sabudana vada at Jun's
Deconstructed sabudana vada at Jun's

Chinese chef Kelvin Cheung was born in Canada, brought up in the US, worked for 10 years in India and has trained in French cuisine. These myriad experiences conflate in his Downtown Dubai restaurant, which offers a fusion of North American, Asian and Indian dishes.

There are no starters and mains here, but “littles” and “grills” instead. Dishes include Hokkaido scallops and corn puree doused in a Japanese yuzu kosho citrus chilli paste; salmon tartare paired with a lightly grilled avocado crushed with shrimp ceviche, and seasoned with thyme, lemon, mint and jalapeno; and tempura za’atar chaat with tamarind, yoghurt, avocado crema and chaat masala.

More information is available at www.junsdubai.com

Hakkasan, Abu Dhabi

Mena’s 50 Best Restaurants 2023 ranking: No 49 (down from No 25)

Dim sum at Hakkasan
Dim sum at Hakkasan

Overlooking the grounds of Emirates Palace, the Cantonese restaurant offers two seating options: the cavernous dining room is all dark wood panelling, porthole-like windows and intimate lighting, while the terrace is bright and buzzing.

Best known for its creative dim sum, the restaurant offers flavour combinations such as kaffir lime lobster, Chilean sea bass with truffle and peppery morel mushrooms. Other popular dishes include the crispy Peking duck with hoisin sauce; and fried rice trio, with Thai brown, red vita and riceberry grains.

Hakkasan is also one of three restaurants to receive a star following the debut Michelin Guide Abu Dhabi.

More information is available at hakkasan.com

Scroll through the gallery to see all the restaurants part of Mena's 50 Best Restaurants 2023 list

  • Orfali Bros Bistro, Dubai, UAE
    Orfali Bros Bistro, Dubai, UAE
  • Tresind Studio, Dubai, UAE
    Tresind Studio, Dubai, UAE
  • Fusions by Tala, Manama, Bahrain
    Fusions by Tala, Manama, Bahrain
  • Ossiano, Dubai, UAE
    Ossiano, Dubai, UAE
  • 3 Fils, Dubai, UAE
    3 Fils, Dubai, UAE
  • George & John, Tel Aviv, Israel
    George & John, Tel Aviv, Israel
  • Kinoya, Dubai, UAE
    Kinoya, Dubai, UAE
  • Fakhreldin, Amman, Jordan
    Fakhreldin, Amman, Jordan
  • Zooba, Cairo, Egypt
    Zooba, Cairo, Egypt
  • Moonrise, Dubai, UAE
    Moonrise, Dubai, UAE
  • Reif Kushiyaki, Dubai, UAE
    Reif Kushiyaki, Dubai, UAE
  • Kazoku, Cairo, Egypt
    Kazoku, Cairo, Egypt
  • Zuma, Dubai, UAE
    Zuma, Dubai, UAE
  • OCD, Tel Aviv, Israel
    OCD, Tel Aviv, Israel
  • Lowe, Dubai, UAE
    Lowe, Dubai, UAE
  • Baron, Beirut, Lebanon
    Baron, Beirut, Lebanon
  • Gaia, Dubai, UAE
    Gaia, Dubai, UAE
  • Myazu, Riyadh, Saudi Arabia
    Myazu, Riyadh, Saudi Arabia
  • Tawlet Mar Mikhael, Beirut, Lebanon
    Tawlet Mar Mikhael, Beirut, Lebanon
  • Em Sherif, Beirut, Lebanon
    Em Sherif, Beirut, Lebanon
  • LPM, Dubai, UAE
    LPM, Dubai, UAE
  • Sachi, Giza, Egypt
    Sachi, Giza, Egypt
  • Marble, Riyadh, Saudi Arabia
    Marble, Riyadh, Saudi Arabia
  • A by Yuval Ben Neriah, Tel Aviv, Israel
    A by Yuval Ben Neriah, Tel Aviv, Israel
  • CUT by Wolfgang Puck, Manama, Bahrain
    CUT by Wolfgang Puck, Manama, Bahrain
  • Hoseki, Dubai, UAE
    Hoseki, Dubai, UAE
  • La Grande Table Marocain, Marrakech, Morocco
    La Grande Table Marocain, Marrakech, Morocco
  • Coya, Dubai, UAE
    Coya, Dubai, UAE
  • Shams El Balad, Amman, Jordan
    Shams El Balad, Amman, Jordan
  • Sachi, Cairo, Egypt
    Sachi, Cairo, Egypt
  • Masso, Manama, Bahrain
    Masso, Manama, Bahrain
  • Animar, Tel Aviv, Israel
    Animar, Tel Aviv, Israel
  • Coya, Abu Dhabi, UAE
    Coya, Abu Dhabi, UAE
  • La Closerie, Tunis, Tunisia
    La Closerie, Tunis, Tunisia
  • 11 Woodfire, Dubai, UAE
    11 Woodfire, Dubai, UAE
  • Sufra, Amman, Jordan
    Sufra, Amman, Jordan
  • Iloli, Casablanca, Morocco
    Iloli, Casablanca, Morocco
  • LPM, Riyadh, Saudi Arabia
    LPM, Riyadh, Saudi Arabia
  • Sesamo, Marrakech, Morocco
    Sesamo, Marrakech, Morocco
  • Milgo Milbar, Tel Aviv, Israel
    Milgo Milbar, Tel Aviv, Israel
  • Alee, Amman, Jordan
    Alee, Amman, Jordan
  • White Robata, Kuwait City, Kuwait
    White Robata, Kuwait City, Kuwait
  • Zuma, Abu Dhabi, UAE
    Zuma, Abu Dhabi, UAE
  • Jun's, Dubai, UAE
    Jun's, Dubai, UAE
  • Reif Kushiyaki, Cairo, Egypt
    Reif Kushiyaki, Cairo, Egypt
  • +61, Marrakech, Morocco
    +61, Marrakech, Morocco
  • 13C Bar in the Back, Amman, Jordan
    13C Bar in the Back, Amman, Jordan
  • HaBasta, Tel Aviv, Israel
    HaBasta, Tel Aviv, Israel
  • Hakkasan, Abu Dhabi, UAE
    Hakkasan, Abu Dhabi, UAE
  • Bonjiri, Salmiya, Kuwait
    Bonjiri, Salmiya, Kuwait
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

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

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

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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%3Cp%3EThe%20new%20UAE%20league%20has%20been%20boosted%20this%20season%20by%20the%20arrival%20of%20five%20Pakistanis%2C%20who%20were%20not%20released%20to%20play%20last%20year.%20%0D%3Cbr%3E%0D%0D%0D%3Cbr%3E%3Cstrong%3EShaheen%20Afridi%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3ESet%20for%20at%20least%20four%20matches%2C%20having%20arrived%20from%20New%20Zealand%20where%20he%20captained%20Pakistan%20in%20a%20series%20loss.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShadab%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3E%0DThe%20leg-spin%20bowling%20allrounder%20missed%20the%20tour%20of%20New%20Zealand%20after%20injuring%20an%20ankle%20when%20stepping%20on%20a%20ball.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAzam%20Khan%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EPowerhouse%20wicketkeeper%20played%20three%20games%20for%20Pakistan%20on%20tour%20in%20New%20Zealand.%20He%20was%20the%20first%20Pakistani%20recruited%20to%20the%20ILT20.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMohammed%20Amir%20(Desert%20Vipers)%20%3C%2Fstrong%3E%0D%3Cbr%3EHas%20made%20himself%20unavailable%20for%20national%20duty%2C%20meaning%20he%20will%20be%20available%20for%20the%20entire%20ILT20%20campaign.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EImad%20Wasim%20(Abu%20Dhabi%20Knight%20Riders)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20left-handed%20allrounder%2C%2035%2C%20retired%20from%20international%20cricket%20in%20November%20and%20was%20subsequently%20recruited%20by%20the%20Knight%20Riders.%26nbsp%3B%3C%2Fp%3E%0A
Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Points Classification after Stage 1

1. Geraint Thomas (Britain / Team Sky) 20

2. Stefan Kueng (Switzerland / BMC Racing) 17

3. Vasil Kiryienka (Belarus / Team Sky) 15

4. Tony Martin (Germany / Katusha) 13

5. Matteo Trentin (Italy / Quick-Step) 11

6. Chris Froome (Britain / Team Sky) 10

7. Jos van Emden (Netherlands / LottoNL) 9

8. Michal Kwiatkowski (Poland / Team Sky) 8

9. Marcel Kittel (Germany / Quick-Step) 7

10. Edvald Boasson Hagen (Norway / Dimension Data) 6

Updated: August 24, 2023, 12:13 PM