WHAT IS IT? Sup'ing, as it's also known, is a fun, simple way of giving you a taste of surfing, without the difficulty or humiliation that comes with falling off. It originated in Hawaii in the 1960s, when it was used by surfing instructors who needed a higher viewpoint than their students during lessons. Basically, you use a board that's thicker and sturdier than an ordinary surfboard and therefore easier to balance on. You stand with both feet towards the nose of the board and use a one-bladed paddle in both hands to move around, as you would in a canoe. The best bit is that you don't need waves, which makes it ideal for the shallow Gulf waters.
WHERE CAN I DO IT? At Sunset Beach, which is the main beach next to the Burj Al Arab. Lessons are organised by Surf School UAE, the only surf school in the Middle East that is licensed, insured and approved by the International Surfing Association.
DO I NEED MY OWN BOARD? No - one is provided by the surf school. You must, however, be able to swim.
HOW MUCH DOES IT COST? Private lessons are Dh150 for two hours, or Dh125 each for a group of four or five. If you book four lessons, the rate is reduced to Dh100 each. Lessons last between 60 and 90 minutes, depending on the conditions. As the weather cools, lesson times will become more frequent, so keep checking for updated times. There are different packages available that include paddle and fitness training, water and beach safety techniques, surf etiquette, as well as correcting the unique stand-up technique. The school is also offering one free lesson to anyone who wishes to try stand up paddle surfing or for those who just want some tips on improving. All lessons must be booked in advance. Contact the school for details of autumn and winter schedules.
WILL IT KEEP ME FIT? Yes, it's great for improving your core muscles. The technique requires you to stand on the board with your knees slightly bent while paddling, resulting in a great workout for your stomach, legs and arms.
For more information, call 02 422 1232 or e-mail carl@surfschooluae.com. For bookings, e-mail bookings@surfschooluae.com or visit www.surfschooluae.com
The reopening of the Corniche beach
Following a two-month closure for expansion and improvements, the public beaches on the capital's Corniche are scheduled to reopen this Friday, October 16, but only as a "controlled access" venue for the free Yasalam events being held in the run-up to the F1 weekend. These include an F1 Fan Zone, with live screenings of the Brazilian Grand Prix (October 16-18), and concluding with a Rio-style carnival on the Sunday; an outdoor cinema (October 22-24) showing films for all ages; and Beats on the Beach (October 27-31) - five nights of live music, with performances by London soul pioneers Soul II Soul, reggae legends The Wailers and the US hip-hop star Timabaland, pictured above. However, if you simply want to sunbathe, swim or picnic, you'll have to wait until after the Grand Prix in November when the beach will fully reopen. Then, we are promised new facilities for cycling, skateboarding, beach football and volleyball, a new selection of cafes and restaurants offering patio-dining, plus a fresh covering of pristine "non-gritty" sand. But what do we do in the meantime? Well, if you don't want to pay to use a hotel beach, you can try to find a spot at Ras al Akhdar, the short stretch of sand next to the Emirates Palace. There are no bathrooms or changing facilities, big crowds at the weekend and noticeably more litter, plus you'll also have to try to ignore the sound of heavy construction across the road behind you. But since this is the only accessible free public beach right now, it's going to have to do.
For details on all times and dates on the Yasalam events, check out the link at www.thenational.ae
The Amber Lounge F1 party
What do Rod Stewart, Liz Hurley, Boris Becker and Roman Abramovich have in common? They are all regulars at the Amber Lounge, the post-race see-and-be-seen party that follows the F1 Grand Prix circuit around the globe. Now it's coming to Abu Dhabi and for two nights you will be able to join A-list celebrities as well as F1 drivers from 10pm until dawn at what promises to be an amazing end-of-season event.
There will be two nights of serious Amber partying held at the Hiltonia on the Corniche, October 31 and November 1. Tickets range from ?650 (Dh3,500) for an individual to slightly more than ?15,000 (Dh80,000) for a Jereboam table that seats eight guests. All prices include unlimited drinks.
For your Dh80,000, you are guaranteed a spot close to the celebrity and driver tables. If that's a little beyond your budget, you can opt for the ?8,950 (Dh48,100) table, also for eight guests, but you won't be guaranteed a close look at Lewis Hamilton's biceps.
If biceps are not your thing or you can't afford the best table, why not focus on the music of DJ Jack E, who is often spotted at the famous Caves du Roi nightclub in St Tropez (one of George Clooney's favourite haunts) and various Ibiza party places.
There is no dress code, but this is not a place to dress down; the more glamorous the better. Tickets are limited to 1,000 punters a night.
For more information, go to www.amber-lounge.com. Ticket enquires can be emailed to rae@amber-lounge.com or by calling 055 291 4013
Helena Frith Powell
Victor at Meiff
Eager to get my tickets for the film festival, I went online to purchase them the day they went on sale. The site crashed all morning (as you'd expect when they'd just launched the ticket service) and just as I hit the final purchase button, I received an error message. I tried again several times, even attempting with another credit card. Finally, after four tries, I got my tickets. Now for the bad news. The next day, I saw that my credit card had been charged for each attempt. Past experiences taught me that it might not be worth the time and effort to try to get my money back, but I called the Meiff general number anyway. After explaining my situation, I was told that someone would call me back. Sigh. How many times have I heard this before? But I hadn't counted on Victor. He phoned me back within an hour, apologised profusely and tried to reimburse my cards while I stayed on the line. When his attempts proved unsuccessful, he arranged instead to leave the money I was owed in cash at the box office. I went that night and there it was, easy as pie - and with more apologies! Thanks, Victor, for reminding me that correcting this type of mistake doesn't always have to be an impossible task.
Kerri Abrams
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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.”
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.