Arts&Life team: a week in food



I may be the one that writes about food, but my colleagues have a keen interest too so I thought it would be a good idea to do a round-up of what we’ve been enjoying eating this week – both out and about and at home. Here goes.

When lunching at Make Business Hub, The National's film writer Alex Ritman barely glances at the menu before ordering the toasted flatbread topped with chargrilled steak, rocket and garlic creme. This week, though, I witnessed him branching out and opting for the homemade burger that was on special. A tense 15 minutes or so followed as we waited for our food to arrive. When it did, he was rewarded for his bold move with an excellent burger (pictured above) featuring juicy meat, a firm yet soft bun and a sweet little side order of chilli roasted new potatoes.

Meanwhile Maey El Shoush has been attempting to recreate a bagel that she tried this summer at a specialist coffee shop in the UK. She described the Mediterranean flavoured, cream cheese-filled sesame bagel as “the best ever” and on her return to Dubai made a special trip to the supermarket to source the ingredients. Maey successfully combined cream cheese, peppers, pesto and spinach with a little olive oil and described the end result as “light, fresh and tasty”. One to try, I reckon.

Assistant Arts & Life editor James Gabrillo has been enjoying a taste of home recently. He explains: “My favourite dish is kare-kare, a stew from the Philippines, where I'm from. It's oxtail, beef and tripe, thrown in with different vegetables, then topped off with peanut sauce. It's brown and oily and delicious.

"I've been in the UAE for just about a year now but it was only last month that I discovered that the Filipino fast food chain Chowking serves an excellent kare-kare. Chowking outlets back home don't serve the dish, hence the delightful surprise. A single order, priced at about Dh30, comes with a serving of white rice. I take it up a notch by opting for a shrimp fried rice instead – great with the kare-kare's peanut sauce. I've been eating it at the Mushrif Mall outlet at least twice a week. Visit www.chowking-me.com."

As for me, for lunch I’ve been devouring bowl after bowl of gazpacho. A generous serving from Market & Platters in Dubai Marina costs Dh26 and the chilled soup is delicious; full of ripe, summery flavour and tomatoey goodness. Be warned though, it is rather garlicky and isn’t the easiest thing in the world to lug about.

Over the weekend, I made some spiced turkey meatballs (similar to this recipe) and served them in a Jamie Oliver-inspired, Chinese five-spice-heavy noodle broth. They went down really well, with even my harshest (chef) critic asking for seconds. I then ate the leftover patties wrapped in lettuce leaves and drizzled with sweet chilli sauce the next day – next time I'm going to make a double batch just to ensure that I can do the same again.

Newcastle United 0 Tottenham Hotspur 2
Tottenham (Alli 61'), Davies (70')
Red card Jonjo Shelvey (Newcastle)

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

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.”

Manchester City 4
Otamendi (52) Sterling (59) Stones (67) Brahim Diaz (81)

Real Madrid 1
Oscar (90)

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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