Dark chocolate is great on its own, but it's also a useful ingredient in all kinds of sweet and savoury recipes.
Dark chocolate is great on its own, but it's also a useful ingredient in all kinds of sweet and savoury recipes.

Dark chocolate



Up until quite recently, scientists, doctors and nutritionists, it appeared, would only ever recommend the likes of sunflower seeds, bran and lentils to ensure we maintain a healthy diet. While there's no reason to harbour grudges against any of the above, they hardly set the palate alight. But these days we've been hearing more and more about the health benefits of certain foodstuffs that frankly only the lobotomised would turn their nose up at. Thankfully, one of them is dark chocolate.

Naturally high in flavonoids - organic compounds that stimulate antioxidant activity - dark chocolate can protect the heart, increase blood flow in the arteries, lower blood pressure and even help to combat cancer. It's far more beneficial than milk chocolate, which contains fewer flavonoids due to proteins in milk that prohibit the antioxidants from flourishing. And while traditional methods of producing dark chocolate can destroy up to half the flavonoids, manufacturers such as Mars are working on ways to keep around 95 per cent of the flavonoids intact.

But before you rush out and buy a wheelbarrow to cart your daily supply of dark chocolate around with you, beware. Dark chocolate is still essentially high in fat and loaded with calories, which means it should only be eaten in small quantities, and as part of a balanced diet alongside regular exercise. Don't cry - it's better than getting none at all. Instead of something to guzzle and feel guilty about, dark chocolate should be regarded as a delicacy to savour. Fine dark chocolate containing over 70 per cent cocoa solids can possess surprisingly complex flavours. When you break a piece it should snap resoundingly, leave a clean edge and release a waft of aromas ranging from coffee and tobacco to leather and fruit. Let the flavours unfold as it melts on the tongue, and enjoy its richness right up until the finish.

Of course, dark chocolate is great on its own, but it's also a useful ingredient in all kinds of sweet and savoury recipes - and sometimes a surprising addition to other ingredients. The Mexicans have long understood the pleasantly intriguing relationship between dark chocolate and chilli peppers. When melted and added to hot milk, cinnamon and chilli powder, dark chocolate takes on a whole new personality - a sultry and comforting drink combining sweet smoothness and fiery spice. Dark chocolate can also be added in small quantities to chilli con carne, to take away the sharp edge and imbue the dish with a velvety texture.

But while, for most humans, dark chocolate is a sweet, luxurious and potentially healthy component of our diets, spare a thought for our canine friends. All chocolate contains the bitter alkaloid theobromine, which in surprisingly small doses can cause dogs to experience seizures and, in extreme cases, death. Sorry Rex, but I'm afraid you'll have to stick with the Bonio.

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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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Abu Dhabi Desert Challenge – Rally schedule:

Saturday: Super Special Spectator Stage – Yas Marina Circuit – start 3.30pm.
Sunday: Yas Marina Circuit Stage 1 (276.01km)
Monday: Nissan Stage 2 (287.92km)
Tuesday: Al Ain Water Stage 3 (281.38km)
Wednesday: ADNOC Stage 4 (244.49km)
Thursday: Abu Dhabi Aviation Stage 5 (218.57km) Finish: Yas Marina Circuit – 4.30pm.

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.