Grilled jumbo prawns at Azur restaurant in the Al Raha Beach Hotel, Abu Dhabi.
Grilled jumbo prawns at Azur restaurant in the Al Raha Beach Hotel, Abu Dhabi.

Azur, Al Raha Beach



Azur is the Al Raha Beach Hotel's newest restaurant, but it doesn't look it. When we entered the Mediterranean-themed dining room on a lazy Friday afternoon, we wondered if we'd got the right place. It had a dated canteen-style feel, all pastel colours, lavender, eggshell blues and terracotta floor tiles. We were seated against the back wall beneath a checkerboard of quaint watercolours, peering out across tables scattered with diners, most of whom had sauntered in from the hotel's beach and swimming pools nearby. Consequently, it had a languid and relaxed atmosphere, until the water pipes hidden somewhere in the wall behind us started hissing. This, coupled with the sole waiter's agitation at more guests arriving for lunch, helped to inject a little life into proceedings. So we got on with the business of ordering.

"Sea and land tantalising like that", blurted the menu in its inimitably garbled stream-of-consciousness style. But once we'd decoded its contents over some crudités of carrot, celery and cucumber, I plumped for the traditional Mediterranean seafood soup. The heady saffron, herb and tomato broth was crowded with baby octopus, squid, portly prawns and hunks of hammour - all slightly overcooked. Across the table, my companion tackled the chargrilled aubergine and feta cheese salad with balsamic reduction, but the stacks of thick and irregular tomato slices heavily outnumbered the soft slivers of aubergine.

Somewhat underwhelmed by our starters, we eagerly received our main courses and were pleasantly surprised by the improvement. My grilled jumbo prawns were suitably large, juicy and delightfully fragile, bursting with torrents of flavour with a sweet chilli and herby cream sauce. The accompanying grilled aubergine salad complemented the tender seafood with a flourish. At last I was witnessing some of Azur's much-touted Mediterranean promise. Likewise, my dining partner was relishing the tortellini pasta, which was stuffed with a delicate ricotta cheese filling and bathed in a soothingly thick tomato and rosemary sauce. Our afternoon was certainly looking up, and not even hissing water pipes would ruin it. Or so we thought.

For possibly the first time ever in a restaurant, I laughed out loud when I clapped eyes on my friend's chocolate fondant. Instead of a moist, crumbly cake filled with molten chocolate loveliness, she was presented with a dark shrivelled crust that looked to all intents and purposes like a hard-baked trumpet muffler. A rock drill would capably have stepped in where the spoon failed, but after a number of attempts we were able to penetrate the dry outer layer to reveal the stodgy cocoa paste within. It was nothing short of disastrous, except for the accompanying wild berries and vanilla ice cream, which were average. At least we could turn to my Mediterranean fruit platter with saffron ice cream for comfort.

Azur had certainly had its moments of triumph, but they were too few and far between. Part of the trouble was that, for a rather young establishment such as this, it felt as if it were merely going through the motions. The uninspiring decor and occasionally below-par food would suggest that this was more than just a midsummer's afternoon slump. Perhaps ironically, the only hope for a young restaurant that already feels old is that it might improve with age. Here's to the future.

Al Raha Beach Hotel, Abu Dhabi, 02 508 0555. Average price of a meal for two is Dh500-550.
jbrennan@thenational.ae

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.”

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

New process leads to panic among jobseekers

As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.  

“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.

Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE. 

“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.

“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

PSG's line up

GK: Alphonse Areola (youth academy)

Defence - RB: Dani Alves (free transfer); CB: Marquinhos (€31.4 million); CB: Thiago Silva (€42m); LB: Layvin Kurzawa (€23m)

Midfield - Angel di Maria (€47m); Adrien Rabiot (youth academy); Marco Verratti (€12m)

Forwards - Neymar (€222m); Edinson Cavani (€63m); Kylian Mbappe (initial: loan; to buy: €180m)

Total cost: €440.4m (€620.4m if Mbappe makes permanent move)

Feeding the thousands for iftar

Six industrial scale vats of 500litres each are used to cook the kanji or broth 

Each vat contains kanji or porridge to feed 1,000 people

The rice porridge is poured into a 500ml plastic box

350 plastic tubs are placed in one container trolley

Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck