Rachel Allen. Courtesy Rachel Allen
Rachel Allen. Courtesy Rachel Allen

Khulood Atiq and Rachel Allen take Gourmet Abu Dhabi 2013 by storm



Leading the celebrity contingent in Gourmet Abu Dhabi is the Irish television chef and cookbook author Rachel Allen who, with her affable, approachable style and practical, family-focused recipes, is a welcome addition to the cast.

While watching a plethora of Michelin-starred chefs cooking complicated dishes - prepared using expensive, difficult-to-source ingredients - is certainly entertaining, it's not always particularly useful. Here Allen comes into her own. She studied at the famous Ballymaloe Cooking School, where she is now a teacher, appears regularly on television and has several books to her name (including most recently Cake) and says that while she likes to experiment with her cooking, it's also important that her recipes are achievable.

"I'm definitely adventurous as a cook, I always want to try new things and learn different ideas about food," she says. "My style of cooking is influenced by Irish and European food of course, as well as the Asian flavours that I love. I always try to write recipes that are easy to follow and reproduce."

When she touches down in Abu Dhabi, it will be the first time Allen travels to the UAE and it's fair to say she is excited about doing so, both in terms of exploring the emirate and expanding her own culinary repertoire.

"There is a great synergy between Abu Dhabi as a rising global gourmet destination and Ireland - which is known as the land of a thousand welcomes. Both have shared cultures of warm hospitality and this is an incredible opportunity for me to experience the smells, flavours and tastes of Arabia. It is very new and exciting territory for me to explore," she explains.

"One of my main goals during my visit will be to learn how I can incorporate the use of unusual spices such as sumac and saffron into my cooking, which I can bring back to Ireland to share. Who knows, you may see a definite Arabic influence in my next cookbook."

Allen will make her first appearance at the festival this Saturday at the Culinary Creation Stage at the Westin Abu Dhabi Golf Resort & Spa, where she'll be cooking some comfort food classics with a nod to her homeland - think pea and mint soup with Irish soda scones and shepherd's pie with colcannon (Irish mash with cabbage).

Allen is also hosting a celebrity dinner on Sunday at the Fairmont Bab Al Bahr, where she'll be putting some of her favourite ingredients - smoked salmon, roast lamb and rhubarb - to good use. On Monday, she is cooking an intimate lunch at the Fairmont Bab Al Bahr, where 20 guests will watch her prepare and chat about Irish ingredients, before siting down to eat.

The Emirati chef

Monday is set to be one of the busiest days of the festival. That evening, the Emirati chef Khulood Atiq - the author of last year's Sarareed cookbook - will be overseeing proceedings at an Emirati fusion dinner, held at the Monte-Carlo Beach Resort on Saadiyat Island.

Atiq says that when designing the menu for the dinner, she veered away from traditional, family-style presentation and opted for less time-consuming à la carte and canapé options, while still maintaining the "flavours, colours and textures of Emirati cuisine".

With that in mind, items on the menu include an Emirati tabbouleh starter followed by beef tenderloin cooked with Emirati spices and served with braised chickpeas and then batheetha cheesecake.

Recipe for Rachel Allen's Hazelnut meringue cake

Half meringue and half cake, this is an elegant dish that uses a few ingredients to impressive effect. It contains no flour but uses ground hazelnuts and egg yolks to give structure and wonderful flavour to a meringue base. Topped, Pavlova-style, with soft whipped cream and strawberries or raspberries, this would make a super end to a summer meal

Prep time 20 mins

Baking time 45 mins

Ready in 1 hour and 15 mins

Serves 6 to 10

Ingredients

Butter, for greasing

225g hazelnuts (skin still on) toasted

6 eggs, separated

200g caster sugar

For the topping

350ml double or regular cream, softly whipped

250g fresh raspberries or sliced hulled strawberries or a mix of the two

A few fresh mint leaves (optional)

Icing sugar, for dusting

23cm diameter cake springform or loose bottomed tin with 6cm sides

Method

Preheat the oven to 170ºC, gas mark 3, then butter the sides of the cake tin and line the base with a disk of baking parchment. If you're using a springform tin, make sure the base is upside down, so there's no lip and the cake can side off easily when cooked.

Place the toasted hazelnuts in a food processor and whizz for a minute or so until they form a coarse powder with a few larger chunks for texture.

Using a hand-held electric beater or an electric food mixer, whisk the egg yolks and sugar together for five to seven minutes or until pale, thick and mousse-like, then fold in the hazelnuts.

In a separate, spotlessly clean bowl (and having cleaned the electric beater, if using), whisk the egg whites until they form stiff peaks, then gently fold them into the yolk mixture until incorporated.

Tip the batter into the prepared tin and bake for about 45 minutes or until a skewer inserted into the centre comes out clean and the cake begins to come away slightly from the edges of the tin. Don't worry if it dips slightly in the middle.

Remove from the oven and allow to cool in the tin for 10 minutes. Loosen the sides using a small, sharp knife then carefully remove the sides of the tin and leave the cake to cool completely before transferring to a serving plate.

Spoon the whipped cream all over the top of the cake, leaving a gap about 1cm wide around the edge, and scatter the raspberries or strawberries over the cream. Decorate with a few mint leaves, if using, then dust with icing sugar.

Khulood Atiq's Thareed Recipe

This light meal consists of rgaag and meat or chicken stew. It is an ancient dish that is served in every Emirati home and considered to be a main dish during the month of Ramadan

Part 1

Ingredients

rgaag bread

stock

Method

Break the rgaag in a legan (deep bowl) and pour the stock in first without pouring the meat or vegetables.

Mix the bread and stock.

Spread the meat/chicken and vegetables on top of the thareed and serve hot.

Part 2

Ingredients

rgaag bread

cold yogurt

Method

Break the bread in a deep bowl and pour in the cold yogurt.

Part 3 (Stew)

Ingredients

1kg of chopped meat, 80 per cent boiled

1 big chopped potato

2 chopped courgettes

1 chopped carrot

1 chopped sweet green pepper

1 aubergine

3 chopped tomatoes

2 to 3 finely chopped onions

3 crushed garlic cloves

2 to 3 tablespoons of tomato paste

2 loumi (dried lime)

salt (as desired)

teaspoon each of cumin, coriander, cinnamon, black pepper and cardamom powder

1 teaspoon of turmeric powder

1 teaspoon of Emirati fish spices (to enhance the flavour)

cup of chopped coriander

2 tablespoons of chopped parsley

1 to 2 green chilli peppers (optional)

3 tablespoons of ghee

1 to 1 litres of hot water

Method

Fry the onions in a pot and add in the crushed garlic and loumi.

Add the boiled meat to the pot, mix well and then add the spices and salt.

Keep adding in ingredients, such as the tomato paste and some water.

Cover the pot for two minutes until you can smell the aroma of the spices and meat.

Add the chopped vegetables to the meat and spices and mix well.

Add the remaining amount of water to the pot, cover it and leave it to boil until the meat and vegetables are cooked.

Chef's note: To prepare the chicken stew, follow the same method, but without boiling the chicken, as it does not need too much time to cook.

The traditional preparation method

Put the chopped onions and meat or chicken into a pot and then cover the pot until the meat/chicken dries out, and then cook over low heat.

Add the ghee to the mixture and roast the ingredients, then add the rest of the ingredients by following the same steps mentioned above.

Tickets for the Emirati fusion dinner, which begins at 7pm on Monday, cost Dh350 per person. For reservations, call 02 656 3500

Tickets are still available for both the Culinary Creation Stage and celebrity dinner. Visit www.gourmetabudhabi.ae for more information

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Company%20profile
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In 2018, the ICRC received 27,756 trace requests in the Middle East alone. The global total was 45,507.

 

There are 139,018 global trace requests that have not been resolved yet, 55,672 of these are in the Middle East region.

 

More than 540,000 individuals approached the ICRC in the Middle East asking to be reunited with missing loved ones in 2018.

 

The total figure for the entire world was 654,000 in 2018.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

MATCH INFO

Uefa Champioons League semi-final, first leg:

Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')

Roma 2
Dzeko (81'), Perotti (85' pen)

Second leg: May 2, Stadio Olimpico, Rome

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%20turbo%204-cyl%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E298hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E452Nm%3Cbr%3E%3Cstrong%3ETowing%20capacity%3A%20%3C%2Fstrong%3E3.4-tonne%3Cbr%3E%3Cstrong%3EPayload%3A%20%3C%2Fstrong%3E4WD%20%E2%80%93%20776kg%3B%20Rear-wheel%20drive%20819kg%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EPrice%3A%20Dh138%2C945%20(XLT)%20Dh193%2C095%20(Wildtrak)%3Cbr%3E%3Cstrong%3EDelivery%3A%3C%2Fstrong%3E%20from%20August%3C%2Fp%3E%0A
Points about the fast fashion industry Celine Hajjar wants everyone to know
  • Fast fashion is responsible for up to 10 per cent of global carbon emissions
  • Fast fashion is responsible for 24 per cent of the world's insecticides
  • Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
  • Fast fashion labour workers make 80 per cent less than the required salary to live
  • 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
  • Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
COMPANY%20PROFILE
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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

Victims%20of%20the%202018%20Parkland%20school%20shooting
%3Cp%3EAlyssa%20Alhadeff%2C%2014%3C%2Fp%3E%0A%3Cp%3EScott%20Beigel%2C%2035%0D%3C%2Fp%3E%0A%3Cp%3EMartin%20Duque%2C%2014%3C%2Fp%3E%0A%3Cp%3ENicholas%20Dworet%2C%2017%3C%2Fp%3E%0A%3Cp%3EAaron%20Feis%2C%2037%3C%2Fp%3E%0A%3Cp%3EJaime%20Guttenberg%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EChris%20Hixon%2C%2049%0D%3C%2Fp%3E%0A%3Cp%3ELuke%20Hoyer%2C%2015%3C%2Fp%3E%0A%3Cp%3ECara%20Loughran%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EGina%20Montalto%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EJoaquin%20Oliver%2C%2017%0D%3C%2Fp%3E%0A%3Cp%3EAlaina%20Petty%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3EMeadow%20Pollack%2C%2018%3C%2Fp%3E%0A%3Cp%3EHelena%20Ramsay%2C%2017%0D%3Cbr%3E%0D%3C%2Fp%3E%0A%3Cp%3EAlex%20Schachter%2C%2014%0D%3C%2Fp%3E%0A%3Cp%3ECarmen%20Schentrup%2C%2016%0D%3C%2Fp%3E%0A%3Cp%3EPeter%20Wang%2C%2015%3Cbr%3E%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Biggest%20applause
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