Dubai
Family fun
Fuzziwig’s Candy Factory is celebrating its first anniversary today with a caramel giveaway for the first 365 visitors at each of its two Dubai stores. The whimsical treat shop is offering a fresh piece of homemade caramel in the shape of a 1, dipped in chocolate and sprinkled with a festive topping.
Today, 10am to 1am, The Beach, JBR; 1pm to 11pm, Riverland, Dubai Parks and Resorts, Dubai, fuzziwigsuae.com
Abu Dhabi
Kids’ fun
Register your little one for the new term of Kindermusik with Silvia at Bodytree Studio. The family class is designed to nurture young children’s development with music, language and literacy skills, as well as help them develop a lifelong love for music, as well as important social and emotional skills.
September 17 to December 6, various timings, Sundays, Mondays and Wednesdays, from Dh725 for the term, up to age 5, Bodytree Studio, Abu Dhabi, 02 443 4448, info@bodytreestudio.com
Abu Dhabi
Performance
Get tickets now for Nitro Circus and experience the live-action sports show, which will take place on a Formula 1 racetrack for the first time in its history, featuring top motocross and BMX riders pushing the limit to perform tricks and stunts. Tickets include access to Ferrari World Abu Dhabi.
October 6, from Dh250, Yas Marina Circuit, Yas Island, Abu Dhabi, www.tixbox.com
Dubai
Dance show
Ethiopian restaurant Gursha Dubai launches Eskista Weekends, a series of cultural shows that showcase the diverse traditional dancing styles of Ethiopia. Eskista is a traditional dance that is performed by men and women, and the show is curated and choreographed for the restaurant’s beachside atmosphere.
Fridays from 9pm, Gursha Dubai, Palm Jumeirah, Dubai, reservations at 800 487742, www.gursha-dubai.com
Abu Dhabi
Film screening
Register to attend a screening tomorrow of the classic film Lawrence of Arabia presented by Cinema Space. The Academy-Award-winning epic directed by David Lean and starring Peter O'Toole, Jack Hawkins, Claude Rains, Arthur Kennedy, Omar Sharif, Alec Guinness and Anthony Quinn tells the story of the life of British adventurer T E Lawrence, who served as a liaison between the Arabs and the British in the fight against the Turks.
Tomorrow, 2pm and 7pm, free with registration, Cinema Space, Manarat Al Saadiyat, Saadiyat Island, Abu Dhabi, register at cinemaspace-abudhabi.splashthat.com
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Read more:
Nitro Circus comes to Abu Dhabi with new show on the Yas Marina Circuit
Review: Andres Muschietti's IT adaptation doesn't let Stephen King's much-loved novel down
Legoland Dubai celebrates Ninjago with Be Ninja event
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Dubai
Yoga event
Register to attend full moon yoga at Fairmont The Palm and experience an evening under the stars featuring a 90-minute yoga and meditation session on the resort’s white-sand beach led by instructor Melanie Swan. The session caters to all levels and blends the meditative qualities of gentle yin yoga with the more physically challenging vinyasa practice.
Tomorrow, 8pm for one-hour of yoga and 30 minutes of meditation, Dh75, Fairmont The Palm, Palm Jumeirah, Dubai, 04 457 3330, palm.willowstream@fairmont.com
Nationwide
New movie
In the film It, a group of young friends come face-to-face with a shape-shifter, who takes the form of a scary clown, who is responsible for the disappearance of dozens of children from a town in Maine. The film is based on the 1986 novel of the same name by Stephen King. Horror, starring Jaeden Lieberher, Finn Wolfhard and Bill Skarsgard.
Screening at cinemas across the UAE. (15+)
Al Ain
Workshop
Plan to take part in a series of weekly workshops at Al Ain Palace Museum that explore the history and heritage of traditional Emirati handicrafts, including Telli embroidery, which uses gold, silver and brightly coloured strings; Khoos palm-leaf weaving for decorations and household items; Sadu weaving, which is used to create shelters and tents.
Runs until October 31, 9am to noon, Sundays, Tuesdays, Wednesdays and Thursdays, free, Al Ain Palace Museum, Al Ain, www.visitabudhabi.ae
Dubai
Art exhibition
See the opening of the exhibition Japan Tide – A Showcase of Japanese Craftsmanship, which exhibits works from Toyama prefecture and Ishikawa prefecture, presented by Art Hub Dubai. The opening ceremony will include live traditional Japanese music, portrait drawing and the chance to meet Japanese artists. Pictured: Hina dolls by Shuji Ohno
Opens tomorrow, 5pm to 8pm, then runs daily until September 16, 10am to 7pm, Art Hub Gallery, Dubai Design District, Dubai, www.arthubdubai.com
Dubai
Concert
Attend a concert by soprano Marlis Petersen and pianist Camillo Radicke as part of the World Classical Music Series presented by Dubai Concert Committee. The candlelit concert features a romantic programme including works by Poulenc and Faure. A three-course dinner is available before the event for Dh220 for ticket holders at Beach Bar & Grill.
Tonight, from 8pm, from Dh250, The Ballroom, One&Only Royal Mirage, Dubai, www.platinumlist.net
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
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
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Dubai Rugby Sevens
November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures
Thursday, November 30:
10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders
Friday, December 1:
9am, Pitch 4, v SBA Pirates
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
Torque: 520Nm
Price: Dh332,800
On sale: now
SUZUME
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Killing of Qassem Suleimani
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
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
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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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
