Pomegranate - A deciduous tree, that loves full sun and can grow to 6m high. Courtesy My Arabian Almanakh
A pomegranate tree loves full sun and can grow to 6m high. Courtesy My Arabian Almanakh

New gardening book by four UAE residents focuses on regenerative living and gardening



My Arabian Almanakh is the first book of its kind to focus on regenerative living and gardening in the Arabian Peninsula. The work is a collaboration between four UAE friends brought together by a mutual love of gardening: Laura Allais-Maré, founder of Slow Food Dubai and the now-defunct Balcony and Urban Gardening Group on Facebook; Cherida Fernandez, a fine artist; graphic designer Leilani Coughlan; and Prachiti Talathi Gandhi, who took on the responsibility of editing and coordinating the production of the book.

The leading voice of the work is Allais-Maré, who when she began working on her own garden in the UAE, realised that there was very little information documenting the "how to" of gardening in this climate – and absolutely nothing at all, at that time, on growing using chemical-free and regenerative principles.

The seeds of an idea for a book were planted, and came to fruition four years later in the shape of a beautiful, uniquely informative illustrated journal. The book's writers are clear that none of them are "professors of botany or qualified horticulturalists", but that the book is written from the perspective of "leaving the earth better than how we found it".

Gardeners coming to this hot and arid climate will already know that nature has stacked the odds against them when it comes to recreating the horticultural aesthetic of their home countries. What Allas-Maré and her team have done is provide a helping hand in sharing and documenting their experiences, so that those gardening here can hopefully avoid rookie pitfalls and become more productive more quickly, avoiding plant casualties, while also gaining a better understanding of the natural world around them.

In addition, My Arabian Almanakh aims to support people in changing the way they garden and encourage spaces that are chemical-free. "Much is being said about sustainability, yet there is still an unsustainable amount of pesticides and chemical fertilisers [used in growing]," Allais-Maré says.

The book's writer has amassed a personal library of more than 90 books on natural and regenerative gardening, and permaculture practices, from which she has drawn research and information for her own work. "I do re-read some of these books, by people such as Japanese farmer and philosopher Masanobu Fukuoka; environmental farmer and activist Wendell Berry; permaculture writer Larry Korn; and Elaine Ingham, the microbiologist and soil biology researcher. These are people who inspire me with their life ethos and they have taught me how to look at the land. Other books that have inspired me more recently are Paradise Lot by Eric Toensmeier and Restoration Agriculture by Mark Shepard."

While gardening has been a relaxing and rewarding pastime for Allais-Maré, she says it has also been a point of sadness and struggle. "Attempting to educate people to do things differently is not always easy," she admits. "Perfect-looking gardens do not necessarily mean good, healthy gardens, and my goal is to help people see why that is so important," says Allais-Maré. This was a point also made to The National earlier this year by British gardening celebrity Alan Titchmarsh, who reflected that the odd hole in a leaf is preferable to an illusory goal of perfection, when blemish-free plants can only be achieved with the use of harsh chemical pesticides and fertilisers.

A section of My Arabian Almanakh is an introduction on growing food forests, and Allais-Maré, who has been involved in the development of a number of such projects over the years, is always amazed at how unique and different each of these gardens become – even those planted within proximity of one another.

"Robert Hart defined the term 'forest gardening' in the 1980s, and while much of the terminology we use today is based on his definitions, few people know that this way of cultivating is as old as time itself," she says. "People have lived in forests and along their borders for millennia, and then used and modified the features of the natural forest environment to grow crops."

A food forest is basically an untidy, motley orchard, where almost everything in that space has either edible, medicinal or has other practical uses. The relationships between plants are set along a principles of inter-independence. For example, canopy plants such as tall date palms or Indian almond trees provide dappled shade for plants below, as well as producing fruit.

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Planting beneath with smaller tree species, which may include banana, mango or pomegranate, forms a sub-canopy, supporting and protecting a lower growth of herbaceous plants. Beans, passion fruit or other climbing plants and vines can use these taller plants for support when introduced. Then ground cover, at the lowest level, such as Chinese water spinach, helps to protect the soil and also suppress invasive and depleting weed growth. Lastly, deep rooted plants and vegetables, which could include sweet potatoes and large raddish, draw their nutrients from levels of the soil that are not competing with other layers of planting.

There is much to be learnt from this charming tome, although it could be argued that it would benefit from an index of contents and numbered pages to help the reader quickly locate specific topics. But this is possibly by design, because it takes the reader on a meandering journey through the seasons and the land, and encourages mindfulness with the addition of sketches to colour, as well as space to make notes.

And for those who are wondering if they have a green fingers, how should they begin? Now, in October, with the weather cooling, is the time to think about planting seeds and seedlings outdoors again.

For absolute beginners, Allais-Maré advocates starting with a large terracotta pot and getting tomato plants growing with some lettuce at the base, along with a few herbs. By the following season, she believes there will inevitably be a desire to do more. Basil, mint, beans, tomatoes, sweet potato, pumpkin and eggplant are all easy starter plants and will grow well here – but do the research and figure out what you have space for, what you can manage to grow and, most importantly, what you will use. Think about experimenting with fruiting trees, such as citrus, figs and pomegranates, for longer-term food productivity.

Dubai Garden Centre sells organic seeds, as does local online supplier My Green Chapter, while Organic Foods and Cafe stocks a range of microgreen seeds.

The team behind My Arabian Almanakh hope that their work will sow the seeds of change in how people impact on the world around them.

My Arabian Almanakh is on sale now at markets around the UAE for Dh120

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Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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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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Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

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She has received 46 certificates of appreciation and excellence throughout her career

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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