It's safe to say Vimto is one of the most popular drinks in the Middle East, particularly during Ramadan.
In fact, according to its website, more than half of its annual Vimto Cordial sales happen during the holy month, as it's become an iftar staple since it was first introduced to the region back in 1928.
However, vegan fans may be unhappy to discover one of the brand's products is no longer suitable for plant-based consumers thanks to the addition of vitamin D3, which is derived from animal products.
But don't worry, its beloved cordial has not been affected.
Is Vimto in the Middle East affected?
This fortification does not affect the Middle East's range of drinks.
The vitamin D3 has been added to Vimto Squash by the British drinks maker after Public Health England endorsed a daily supplement of the vitamin.
In the Middle East, Vimto's licensed manufacturer is Aujan Soft Drinks Industries, with its Vimto Cordial and Vimto ready-to-drink ranges, which do not include the squash in question.
Last year, Aujan added a new product to its range – a Vimto Cordial with no added sugar – and, earlier this year, the Vimto Fruit Drink with no added sugar.
According to the frequently asked questions on its regional website: "All Vimto products are gluten and alcohol-free. Vimto does not contain any animal products and thus is suitable for vegetarians and vegans."
Why is vitamin D3 not vegan?
Vitamin D3 (cholecalciferol) most commonly contains lanolin, which tends to be derived from sheep's wool, which makes it unsuitable for vegans, but fine for vegetarians.
There are different types, however, such as D2 (ergocalciferol), which comes from plants. There is also a vegan-friendly source of D3 derived from a plant species called lichen.
Of course, as it's coming up to summer, the sun is a good source of vitamin D, too.
What backlash has Vimto UK faced?
While people aren't specifically complaining about the addition of vitamins to the fruit juice (they also added vitamin C), vegan consumers are upset that a plant-based source of D3 was not chosen, with some saying it is a "step backwards".
Vegan Food UK said: "Always disappointing to see a large and popular brand make their products go from vegan to non-vegan."
Mental health nurse Ian Anderson was so upset by the move, he started a petition demanding that Nichols PLC, the company that produces Vimto in the UK, revert back to its original, vegan-friendly recipe, reported the Daily Mail.
With more than 400 signatures, the petition stated: "We the undersigned feel that this is a regressive and unnecessary decision when an increasing amount of people are becoming vegan and eating plant-based diets to oppose the abuse, exploitation and killing of animals.
"There is no reason why Vimto needs to contain animal products. We call on Nichols to either reverse this decision or to use a plant-based vitamin D such as vitamin D2."
One Twitter user also messaged the brand, saying: "As a vegan, can I congratulate you on adding vitamin D. So important for public health, just wish it was D2 so more people can enjoy the benefits."
Which other Vimto products aren't vegan?
The Vimto UK website states: "All of our Vimto squash drinks are suitable for vegetarians, due to the recent addition of vitamin D they are not suitable for vegans.
"However, all of our other Vimto drinks variants, including fizzy and still ready-to-drink ranges, do not contain any animal products and, as such, are suitable for vegetarians and vegans."
There are a few other products available in Britain, however, that do contain animal products and aren't even suitable for vegetarians. These are the Vimto jelly babies, Vimto fizzy pencils and Vimto flying saucers.
Company%20profile
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The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
Results
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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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.”
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March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
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