The shoe designer Alexandra Finlay is selling her Fin's brand through Boutique 1 at Jumeirah Beach Residence, Dubai.
The shoe designer Alexandra Finlay is selling her Fin's brand through Boutique 1 at Jumeirah Beach Residence, Dubai.
The shoe designer Alexandra Finlay is selling her Fin's brand through Boutique 1 at Jumeirah Beach Residence, Dubai.
The shoe designer Alexandra Finlay is selling her Fin's brand through Boutique 1 at Jumeirah Beach Residence, Dubai.

'Generally, they buy three or four pairs. I'm quite persuasive like that'


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Fin's was born more out of an idea to set up my own business rather than having had a lifelong passion for the footwear industry. I went into it totally blind. I had no idea what I was doing, but men's footwear seemed as good as any. And you don't often have good ideas, so when one keeps coming back over a couple of years you start to think, "maybe I should act".

It launched in March 2008, having taken a year to get it up and running. If I did it all again I could probably get it wrapped up in two or three months, but I wanted to do it all by myself. There are plenty of stories of people who basically get people to write the business plans for them, but I wanted to feel as in control as possible because it was all so new to me. My shoes are made in a Portuguese factory just outside Porto. I found it through begging and pleading for contacts and general espionage. I went out there in April 2007 to meet them, physically shaking. I have never been more nervous.

They're not for the man who can't afford a pair of Tod's, Churches or Guccis. They're for the man who can, but who's fun and wants to buy two or three pairs for the same price. Disposable luxury is quite a crass way of putting it, especially in this day and age, but that was the idea. So many of my friends would buy a £200 (Dh1,140) pair of Tod's but they'd splash them on the beach or spill something on them in a club. And don't get me wrong, they're incredibly lovely, but they'd be trashed. So I wanted to introduce something a little more accessible.

I think men have quite a collecting mentality, so they start with the more boring colours but then they realise how comfortable they are and branch out with the set. Generally, they come into the showroom and don't leave without me selling them three or four pairs. I'm quite persuasive like that. We play Spot the Fin's. I've seen people wearing them in airports and I always go up to them. I was in a hotel in Majorca, and there was this group of boys sitting around, each wearing a different colour pair.

There are celebrity Fin's wearers too, including Sting and Valentino. There are now three ranges, plus the collaboration with Bill Amberg, which was just an amazing opportunity. He was already a fan and had a couple of pairs, so I had a meeting with him, knowing he's all about collaborations. I had an idea of a design with his signature webbing and he was all over it. It's great for Fin's to be put up there with a brand like that, because that's hopefully where I see myself being at some stage.

It's all about developing the core Fin's range to fill the need of the "shoedrobe". We have Finspadrilles coming out in the summer and we've got a classic Oxford which all my boys can wear to work. Summer is our big sales time but I'm trying to expand that by having a fantastic Middle Eastern market, where the sun shines all year round, and introducing autumn and winter styles for Europe. Dubai is my first focused foray abroad but it made sense because Boutique 1 placed such a fantastic order, so hopefully it's the first of many Middle Eastern countries that we're in.

Women's shoes are something that I wish I could do, in a way, because I'd get to wear my own shoes and it's a much bigger market than menswear. But I feel like French Sole have that whole flat-in-every-colour thing wrapped up. The focus is on men at the moment and I love that. I'm hoping that suddenly I'll wake up and a light bulb will switch on with a women's style and idea, and I am sampling and prototyping a few things, but I haven't had that light-bulb moment.

I live, breathe and sleep Fin's but I wouldn't have it any other way. If you go into something like this half-heartedly it's not the right way at all. I've talked to girls before who say: "Finally I'm pregnant and I can give up work to set up my own business." And I'm like: "Are you joking?" Fin's is my baby. It's like a newborn creature. * Sophia Money-Coutts Fin's shoes are available through the new Middle Eastern website www.finsforhim.ae and will be stocked in Boutique 1 in Dubai and Beirut from March. Prices start at Dh650.

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Everton%20Fixtures
%3Cp%3EApril%2015%20-%20Chelsea%20(A)%3Cbr%3EApril%2021%20-%20N.%20Forest%20(H)%3Cbr%3EApril%2024%20-%20Liverpool%20(H)%3Cbr%3EApril%2027%20-%20Brentford%20(H)%3Cbr%3EMay%203%20-%20Luton%20Town%20(A)%3Cbr%3EMay%2011%20-%20Sheff%20Utd%20(H)%3Cbr%3EMay%2019%20-%20Arsenal%20(A)%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
While you're here
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE squad

Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)

Women’s draw: Maitha Al Neyadi (57kg)

FIXTURES (all times UAE)

Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)

Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
Napoli v Inter Milan (11.45pm)

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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.”

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.