The opening day of the 2022 Abu Dhabi Formula One Grand Prix, which returns to the capital this week. Victor Besa / The National
The opening day of the 2022 Abu Dhabi Formula One Grand Prix, which returns to the capital this week. Victor Besa / The National
The opening day of the 2022 Abu Dhabi Formula One Grand Prix, which returns to the capital this week. Victor Besa / The National
The opening day of the 2022 Abu Dhabi Formula One Grand Prix, which returns to the capital this week. Victor Besa / The National

Things to do in the UAE this week, from National Day shows to Abu Dhabi F1


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December is starting on a high note. Eid Al Etihad celebrations are in full swing across several locations, while annual events such as Dubai Shopping Festival and Abu Dhabi Formula One Grand Prix are also on the calendar.

Here, The National rounds up seven things to do around the Emirates, from December 2 to December 8.

Monday, December 2

A local produce market is running at Expo City Dubai. Photo: Expo City Dubai
A local produce market is running at Expo City Dubai. Photo: Expo City Dubai

Expo City Dubai is celebrating Eid Al Etihad with a range of free and ticketed performances, activities and other heritage acts until Tuesday. At Al Wasl Plaza, visitors can catch free performances from the Firdaus Orchestra and Emirati al ayyala folk dancers. Mascots Rashid and Latifa will roam the area too, to greet little ones.

Activities at the Terra pavilion are ticketed, though with a 53 per cent discount. These include calligraphy and henna sessions, nature walks, camel rides and falconry demonstrations. A scavenger hunt is also on the cards, while guests can savour freshly made luqaimat and regag bread from food vendors.

In the Vision area, visitors can join traditional talli weaving and bukhoor workshops, watch skilled wicker-weaving artisans and sample gahwa.

Until Tuesday; 1pm-7pm; Expo City Dubai

Tuesday, December 3

Embark on an outdoor adventure with the family on the last day of the long weekend. In addition to the usual animal encounters, Dubai Safari Park is celebrating Eid Al Etihad by setting up cultural tents, complete with henna artists, local food vendors and a gallery featuring inspirational quotes from UAE leaders. A show, called One Life, 7 Wildlife Journeys, is also taking place, telling the backstory of the wildlife found in the seven emirates. In the Alwadi area, visitors can interact with camels, owls and salukis.

Tuesday; 9am-6pm; from Dh30 for general admission tickets; Al Warqa 5, Dubai

Wednesday, December 4

Watch a movie under the stars this winter. Photo: Vox Moonlight
Watch a movie under the stars this winter. Photo: Vox Moonlight

Make the most of the cooler evenings with an open-air cinema experience. Catch action-packed Gladiator II or family-friendly movies such as Moana 2 and Wicked on Wednesday at Vox Moonlight in Galleria Mall Al Wasl. Several seating options are available, including a cabana for couples, two-person loungers as well as couches and bean bags. The screening experience benefits from surround audio, and you can also ditch the popcorn and opt for gourmet dishes such as dynamite prawns, peppered beef skewers and sushi.

Wednesday; various timings; from Dh60 per person; Al Wasl Road, Jumeirah 1, Dubai

Thursday, December 5

Yas Marina Circuit is hosting the Formula One, which runs until Sunday. Racing aside, several off-track activities are in place, including live entertainment from DJs, fan zones with merchandise, games and food trucks, and the much-anticipated Yasalam after-race concerts featuring Peggy Gou and Teddy Swims on Thursday. Several packages are available, depending on which activity you want to tick off.

Thursday to Sunday; from Dh95; Yas Island, Abu Dhabi; 800 927

Friday, December 6

The annual Dubai Shopping Festival returns with dozens of participating malls offering shopping sales, raffle draws, live entertainment, drone shows and more for 38 days. Friday and Saturday will feature concerts at Coca-Cola Arena from artists such as Georges Wassouf and Kadim Al Sahir. Around the area at City Walk, free-to-attend entertainment and activities are on offer, including roaming performances and dining deals.

New this season is DSF Nights at Dubai Festival City Mall, which features free Saturday night concerts at the waterfront promenade by local and regional artists. The Uncommon at Al Marmoom is also new, which turns the desert spot into a cosy wonderland with fire pits, stargazing opportunities, outdoor screenings and oud music performances.

Until January 12; various locations across Dubai

Saturday, December 7

Channel some Christmas cheer at the Grotto in Dubai Ice Rink, allowing families to experience a festive winter with Santa Claus. Themed attractions include a candy cane land and an enchanted forest with appearances by Santa and his cheerful elves who will pose for photos. Guests can also book a ticket that includes access to the ice rink.

Until January 5; 10am-midnight; from Dh99 (children under 12 free); Dubai Mall

Sunday, December 8

Artfully crafted desserts at Arte Museum. Photo: D'strict
Artfully crafted desserts at Arte Museum. Photo: D'strict

A new cake experience at Arte Museum invites visitors to marvel at and sample eight desserts inspired by and set against digital art displays, in collaboration with South Korean bakery Cake Bloom. Some of the items include the pudding kitten, a cat-shaped dessert in four flavours: coconut milk, strawberry, mango and caramel. Guests can also try jerry cheesecake, a classic dessert crafted to resemble a cartoon-style cheese block in milk or white chocolate; and strawberry and pink chocolate bento cake.

Daily, 10am-11pm; from Dh109; Dubai Mall; 04 570 7084

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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.”

Updated: December 02, 2024, 3:59 AM