My friend had said he wanted to give me a taste of home, so you could imagine my surprise as we sat down together at the virtually empty Dome coffee shop at Khalidiyah Mall.
As the waiter set down our hot drinks – two creamy macchiatos in glass cups, the creamy foam perfectly arched a centimetre over the rim like a volcano poised to erupt – Khalid takes a sip and lets out a satisfying sigh. “This, my friend, is what I call an Asmara coffee,” he declares, going on to explain that it is only at this particular branch of the Australian coffee chain that he was able to find a caffeine fix that truly reminded him of Eritrea, the homeland he had fled from more than a decade ago.
My regular catch-ups with Khalid are often the highlight of my week. Not only is he a wise friend but he’s always full of stories and offers various insights into a land I am yet to visit but have a connection to given that it’s where my parents lived before resettling in the UAE, my birthplace.
Khalid’s insights are educational and fill in some of the gaps for me about how life is in Eritrea, a country that found its way back into the news recently for positive reasons.
“This is really the classic Asmara coffee,” he continues during our most recent meeting. “We don’t do lattes or, God forbid, the Americano. We like the macchiato – one of the benefits of the Italians, I guess. In Tigrinya [one of Eritrea’s main dialects] this is called Zoweredit, which means pressed.”
It was then that Khalid took me on an imaginary tour of Asmara’s coffee shops. Also known as “Piccolo Roma”, or Little Rome, the city that was a haven for caffeine seekers flanking the main thoroughfare of Al Nasr Road.
There was the youth hang-out called Cinema Roma, while Tristele was more for the intellectuals. The latter was renowned for serving “The Maradona”: an upside down macchiato where the coffee is served on top and the milk on the bottom. According to my friend such culinary ingenuity resulted in it being named after one of the most creative football players to ever take the pitch.
In addition to our chatter about coffee, this latest catch-up took on a more serious note when the subject of Eritrea’s peace deal with Ethiopia, brokered recently here in the capital, entered the discussion.
It has been nearly two months since the leaders of both countries shook hands in Abu Dhabi.
This development was of particular interest to another Eritrean countryman who joined us for coffee that evening. He came in from Sharjah and has been involved with connecting Eritrean and Ethiopian families affected by the war between the countries. “People from Eritrea can now call Ethiopia home for the first time in 20 or so years” he says.
"I spend the days sending phone numbers to families who didn't speak to each other for that long. Yesterday, one uncle in Addis Ababa cried when I gave him the number to his niece in Asmara. It has been emotional, man."
As we sat together sipping on our macchiatos we expressed a new-found sense of hope regarding the thawing of relations between these once sworn enemies and touched on the irony that the UAE was behind the latest move, a country that has given us – and in my case my parents – opportunities when Eritrea was torn apart.
Khalid and Idris expressed their optimism about the situation back home and hope to return and contribute in rebuilding the country – Khalid as a teacher and Idris selling mobile phones.
I expressed my hope of paying a visit there sometime in the future.
But Khalid and Idris’s hope of sipping a Maradona back in Asmara anytime soon is understandably laced with caution; both are uncertain of the economic opportunities awaiting them on their return.
As for my mother, the idea of visiting the homeland is off the agenda – some wounds are simply too deep.
“No,” was her stern reply from our family home in Australia. “I grew up there and I have great memories. But I am not one to look back.”
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Read more from Saeed:
Are personality tests just a confusing, reductive load of quack?
The discriminating job advert got me thinking
Halal dumplings? Elusive in London or Sydney, but easy to find in Abu Dhabi
Abu Dhabi is a calm place to de-stress from the bustle of daily life
What I learnt on Hajj: it’s no picnic, but then it was never meant to be
A ‘majaal’ moment as the buffer zone came to an end
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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.
About Seez
Company name/date started: Seez, set up in September 2015 and the app was released in August 2017
Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer
Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon
Sector: Search engine for car buying, selling and leasing
Size: (employees/revenue): 11; undisclosed
Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A
Investors: Wamda Capital, B&Y and Phoenician Funds
A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Squads
Sri Lanka Tharanga (c), Mathews, Dickwella (wk), Gunathilaka, Mendis, Kapugedera, Siriwardana, Pushpakumara, Dananjaya, Sandakan, Perera, Hasaranga, Malinga, Chameera, Fernando.
India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.
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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MATCH INFO
Uefa Nations League
League A, Group 4
Spain v England, 10.45pm (UAE)
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
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Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
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Biometrics: Touch ID, Face ID
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In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Read more about the coronavirus
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory