The international jet set will be flying to the UAE to mingle at the much-anticipated Royal Salute UAE Nations Cup, a week-long event starting tomorrow at the Desert Palm Polo Club. From divots to dress codes, with a little bit of Downton Abbey, here’s a guide to the ancient game of kings from Torquhil Ian Campbell, the 13th Duke of Argyll.
How is the tournament different this year?
One big thing is that we’re bringing along one of the Royal Salute world polo ambassadors, Malcolm Borwick, to Dubai. He’s a six-goal player and plays for the English team. He’ll be on hand to give a polo clinic to VIPs, sharing his passion for the game.
What are your top tips for those attending the polo for first time?
For people who have never been, it’s a must-tick on their list of things to do. You get to come to an extraordinary place at Desert Palm with wonderful views of the pitch and a great clubhouse. Expect to see polo played at a very high level and enjoy a very social event. In general, it’s a great day out.
What’s your advice on polo etiquette?
Just behave well. [Laughs] At the end of the day it’s a sport and it’s entertainment; people should come along and enjoy themselves. It’s also quite a fashionable event to come to and people tend to make an effort. It’s not a shorts and T-shirt event, it’s a very smart day out.
Do you have a go-to polo outfit?
I usually wear white jeans or something similar and a very smart Royal Salute jacket designed by Patrick Grant of Norton & Sons, Savile Row, London. It’s navy blue with white button holes.
How is business at your family seat, Inveraray castle in Scotland?
Tourism last year was amazing. We’ve had the best year certainly in my time, but probably the past 20 years. Despite global recession we welcomed a huge amount of tourists to Scotland and probably did quite well off the back of Downton Abbey. (The castle featured in the hit series’ 2012 Christmas special).
Will any more episodes of Downton Abbey be filmed at the castle?
We did it on the basis of it probably being a one-off and you can’t keep running the same storyline. So probably not, would be the honest response. But on the back of the popularity of Downton Abbey, especially in the US, we did two documentaries, one for PBS and one for ABC.
Are rumours of your castle having a ghost true, and have you seen it?
We actually have five ghosts, one was just not good enough! Sometimes if I’m there on my own I might feel a little strange, but I’ve never seen them. We have a young boy who was a harpist and he was murdered in one of the beds we have in the castle, back in 1644. Occasionally people hear harp music being played from the room. We also have a piper and he plays on a balcony in one of our libraries. We have a raucous laundry maid and we have also got what are classified as “grey ladies”, which people do see on a much more regular basis. Apparently they’re all very happy.
Entry to the Royal Salute UAE Nations Cup, which runs from Monday to Friday, is free on a first-come, first-served basis. Entry to the Partner’s VIP Terrace is by invitation only. For more information, call 04 323 8888 or visit desertpalm.peraquum.com
For information on trips to Inveraray castle, visit www.inveraray-castle.com
KNOW YOUR POLO
• They are not horses, but ponies
• Manes are often shaved and their tails wrapped for safety
• Ponies are “rested” and changed frequently during one game
• Polo is commonly played on grass, but also sand and snow
• A game lasts for about two hours and is divided into chukkas
• Teams of four players change ends every time a goal is scored
• The public is encouraged to replace divots at half-time
• Polo is believed to have first been played in Iran around 6th century BC
Dress the part
Gentlemen:
• Dress trousers, white jeans, semi-formal slacks in light or primary colours
• Collared dress shirts with barrel cuffs
• Lounge suits, blazers, linen jackets
• Brogues, loafers, driving shoes
• Sunglasses
Optional extras:
• Panama hats, colourful pocket squares, silk cravats, ties, binoculars
• Retail radar: Head to Ralph Lauren’s regional boutiques to see a broad selection of the classic Oxford button-down shirts in pastel shades from Dh550, www.thedubaimall.com
• Check out this season's range of suede driving shoes at Tod's from Dh1,530, www.tods.com
Ladies:
• Summer maxis, cocktail dresses, skirts to the knee
• Bold prints, bright colours or crisp white
• Wide-brimmed summer hats, fascinators, hair accessories
• Small shoulder bags, clutches
• Sunglasses
Optional extras:
• Pashminas, parasols, plastic heel protectors
Retail radar: Stilettos and turf aren't friends and Desert Palm's grounds are extensive, so opt for peep-toe nude wedge slingbacks by Jimmy Choo for Dh1,728 or splurge on Valentino's studded metallic sandals for Dh3,012 at www.net-a-porter.com
• See the new spring/summer range of short and long dresses now in Carolina Herrera's UAE stores. www.carolinaherrera.com
rduane@thenational.ae
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Killing of Qassem Suleimani
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 biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
PROFILE BOX:
Company/date started: 2015
Founder/CEO: Rami Salman, Rishav Jalan, Ayush Chordia
Based: Dubai, UAE
Sector: Technology, Sales, Voice, Artificial Intelligence
Size: (employees/revenue) 10/ 100,000 downloads
Stage: 1 ($800,000)
Investors: Eight first-round investors including, Beco Capital, 500 Startups, Dubai Silicon Oasis, Hala Fadel, Odin Financial Services, Dubai Angel Investors, Womena, Arzan VC
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Match info:
Leicester City 1
Ghezzal (63')
Liverpool 2
Mane (10'), Firmino (45')
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
THE%20JERSEYS
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Kill%20
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
Takreem Awards winners 2021
Corporate Leadership: Carl Bistany (Lebanon)
Cultural Excellence: Hoor Al Qasimi (UAE)
Environmental Development and Sustainability: Bkerzay (Lebanon)
Environmental Development and Sustainability: Raya Ani (Iraq)
Humanitarian and Civic Services: Women’s Programs Association (Lebanon)
Humanitarian and Civic Services: Osamah Al Thini (Libya)
Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)
Outstanding Arab Woman: Balghis Badri (Sudan)
Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)
Young Entrepreneur: Omar Itani (Lebanon)
Lifetime Achievement: Suad Al Amiry (Palestine)
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Rock in a Hard Place: Music and Mayhem in the Middle East
Orlando Crowcroft
Zed Books
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The specs: 2017 Porsche 718 Cayman
Price, base / as tested Dh222,500 / Dh296,870
Engine 2.0L, flat four-cylinder
Transmission Seven-speed PDK
Power 300hp @ 6,500rpm
Torque 380hp @ 1,950rpm
Fuel economy, combined 6.9L / 100km
The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A