GITEX Shopper precedes GITEX by two weeks. Antonie Robertson / The National
GITEX Shopper precedes GITEX by two weeks. Antonie Robertson / The National
GITEX Shopper precedes GITEX by two weeks. Antonie Robertson / The National
GITEX Shopper precedes GITEX by two weeks. Antonie Robertson / The National

GITEX Shopper offers early bargains on electronics in UAE


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It's the annual Dubai event that makes local techies cheer and anyone else trying to get a cab on the Sheikh Zayed Road groan. It is, of course, GITEX. But it's not all ill-fitting grey suits and complicated acronyms, because the region's biggest IT event has brought us GITEX Shopper, the frenzied eight-day consumer electronics spectacular that has become renowned for offering some of the best bargains you'll find. And, perhaps with one eye on those taxis, this year's GITEX Shopper, starting this Saturday, is on a good two weeks before GITEX, meaning even IT bods will have time to peruse the discounts. Just so long as they can take all the loud "look how powerful this speaker is" mayhem.

Location

GITEX Shopper (sorry if it sounds like shouting) has previously been held in the Dubai Airport Expo, but this time will be moving to the Dubai World Trade Centre, which is no doubt a blessed relief for those of you who don't live on 'that' side of the creek. It also means it'll be the biggest yet, with 25 per cent more exhibitor space (so 25 per cent more bargains?) for the likes of Samsung, Dell, Bose and Fujitsu, HP and numerous others, along with all of the major electronics stores.

Bargains

Exhibitors are remaining secretive about the particular savings they're going to be offering, but we have discovered that Intel will be running a competition called Excited Temptations (which does indeed sound like a range of shampoos) in which participants have the chance to win a prize (the top one being a 3rd Generation Intel Core Ultrabook). Apparently to enter you simply have to show your excitement for an Ultrabook. Judging by last year's similar event, this basically involves waving your arms around a lot and looking foolish. Perhaps if we write VERY EXCITED in capitals they'll give us one. Another nugget of info we've unearthed is that HP will be offering unlimited music streaming and free downloads to anyone who buys one of its notebooks or desktops at the show thanks to a collaboration with Universal Music.

Previous years

For some idea of the sort of GITEX Shopper discounts take a look at last year's event, where Jacky's Electronics was offering a BlackBerry Curve and a Playbook for under Dh2,000 and Etisalat was offering a BlackBerry Bold 9900 for almost half-price if you signed up to a postpaid package. Traditionally, it's all been about the bundle deals and extra freebies, so expect to be thrown chargers, Bluetooth wotsits and kitchen sinks with many purchases.

Timings

Like the exhibitor space, the opening hours have also expanded to enhance your bargaineering opportunities. The show will be open from 11am-10pm from Saturday, September 29 through Wednesday, October 3, and from 11am-11pm from Thursday, October 4 through Saturday, October 6. By our calculation, that's 102 solid hours. And if anyone lasts that long amid the not-exactly-peaceful GITEX Shopper atmosphere they definitely deserve an Ultrabook (and not just to use as a pillow) in our, er, book.

Tickets to GITEX Shopper cost Dh30 per person, per entry. For more info visit www.gitexshopperdubai.com

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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 LOWDOWN

Romeo Akbar Walter

Rating: 2/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Robby Grewal
Cast: John Abraham, Mouni Roy, Jackie Shroff and Sikandar Kher 

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

Results

2.30pm Maiden (PA) Dh40,000 1,200m

Winner Lamia, Tadhg O’Shea, Ernst Oertel.

3pm Handicap (PA) Dh40,000 1,000m

Winner Jap Al Afreet, Elione Chaves, Irfan Ellahi.

3.30pm Handicap (PA) Dh40,000 1,700m

Winner MH Tawag, Bernardo Pinheiro, Elise Jeanne.

4pm Handicap (TB) Dh40,000 2,000m

Winner Skygazer, Sandro Paiva, Ali Rashid Al Raihe.

4.30pm The Ruler of Sharjah Cup Prestige (PA) Dh250,000 1,700m

Winner AF Kal Noor, Tadhg O’Shea, Ernst Oertel.

5pm Sharjah Marathon (PA) Dh70,000 2,700m

Winner RB Grynade, Bernardo Pinheiro, Eric Lemartinel.

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Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

Muguruza's singles career in stats

WTA titles 3

Prize money US$11,128,219 (Dh40,873,133.82)

Wins / losses 293 / 149

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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