We learn by making mistakes - and that applies to cooking


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When my cousin Alia visited me in Santa Fe last December, she spaced out her few needs over a week's stay. Some, like iced green tea in the mornings and a slight feng shui adjustment to the guest room, were modest. But "teach me how to cook" was a formidable request. For starters, Alia's mother is the finest home cook I know - and she lives with her.

Like any inadvertent teacher, I started with the obvious. If you want to lead someone across a bridge to unknown lands, start with the path of least resistance. Getting someone to cook what they don't want to cook is no easier than trying to get them to eat what they don't want to eat and it's a guaranteed way to get them to hate both it and you. I could have walked Alia through an agonising tutorial on how to cook me my own dream dinner, but none of it would have stuck. Instead, I asked her what she wanted to eat.

She wanted doughnuts. I don't remember the last time I enjoyed a doughnut and I'd certainly never been compelled to make them from scratch. To me, a warm "hot original glazed" from Krispy Kreme tastes like a wad of cake frosting after a float in old fryer oil; Dunkin Donuts is a step below that. Since everyone with access to television, the internet and an appetite - or even just two out of three - practically has to go out of their way to shield themselves from highly fetishised information about food, I'm always most interested in why people have avoided cooking, rather than why they might want to start embracing it.

And so we made doughnuts. I think they were great, but I can't say for sure. I was too busy scrubbing down the film of frying oil that had settled on to my every belonging, then nursing the burns on my forearm from the bubbling splatter.

Making doughnuts with Alia was my last kitchen adventure in Santa Fe before I flew home to Abu Dhabi for the New Year. While I was there, my home in Santa Fe flooded when my hot water supply line burst; by the time it was discovered, the damage was extensive. In the process of adjusting to a new kitchen and lacking my usual arsenal, some personal frustrations have arisen. I burn toast. I'm not used to the new oven and its quirks. The lighting is different; the knives aren't my own. At best, I feel challenged; at worst, I feel like an amputee. When the creative faculties fail, they can't provide any leverage. It's a minor gripe in the grand scheme of things, but with a bad attitude, homelessness presents its own host of extenuating circumstances.

If I could write the proverbial letter to my younger self - are there things I wish I'd known? Not really. I don't subscribe to that concept on the premise that I wouldn't be myself without having made my mistakes.

Cooking didn't come naturally to me. The desire to cook was intuitive, but the act itself wasn't driven by instinct. I've made more mistakes, hurt myself more, thrown away more disasters and re-evaluated my interest in making food almost constantly because of my insecurities. If there's one piece of advice I can offer a novice cook, it's that the fear of making mistakes should never stop you. I promise you: I've already made them all first.

Nouf Al-Qasimi is an Emirati food analyst who cooks and writes in New Mexico

artslife@thenational.ae

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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.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

 

 

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Buy farm-fresh food

The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce.

In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others. 

In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

In Abu Dhabi, order farm produce from Food Crowd, an online grocery platform that supplies fresh and organic ingredients directly from farms such as Emirates Bio Farm, TFC, Armela Farms and mother company Al Dahra. 

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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

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