Dubai
Live music
Ab Initio featuring The Losing Party perform tonight as part of The Fridge Concert Series. Hear a fusion of progressive, classic and alternative rock mixed with blues and jazz. Ab Initio, led by singer-songwriter Jamil Jabbour, draw from the members’ cultural backgrounds, creating an original sound. Prog-metal duo The Losing Party opens the show.
Tonight, doors open at 7.30pm; concert starts at 8pm, from Dh50, The Fridge, Alserkal Avenue, Al Quoz, Dubai, www.thefridgedubai.com
Abu Dhabi
Film screening
Cinema Space presents a screening of the film Take Shelter, a 2011 drama by Jeff Nichols about Curtis (Michael Shannon), who has nightmares about an encroaching storm of apocalyptic proportions. Wanting to protect his wife, Samantha (Jessica Chastain), and their hearing-impaired daughter, he keeps the nightmares a secret and begins building a shelter. His behaviour creates tension with his family and the community. The film also stars Tova Stewart, Shea Whigham and Katy Mixon.
Tonight, 7.30pm, free with registration, Cinema Space, auditorium, Manarat Al Saadiyat, Saadiyat Island, Abu Dhabi, register at cinemaspace-abudhabi.splashthat.com
Abu Dhabi
Outdoor yoga
Take part in outdoor yoga with Bodytree Studio at Saadiyat Beach Club. As the weather cools, enjoy sunrise and sunset flows by the sea practising a moving meditation that promotes inner calm and peace. The yoga classes are being launched with an special introductory price. Classes are suitable for all levels.
Sundays and Tuesdays, 8am to 9am; Mondays, 7.30pm to 8.30pm, from Dh650 for a package of 10 classes; Dh90 for drop-in class, Saadiyat Beach Club, Saadiyat Island, Abu Dhabi, 02 443 4448, info@bodytreestudio.com
Al Ain
Handicrafts
Make plans to take part in a series of weekly workshops at Al Ain Palace Museum that explore the history and heritage of Emirati handicrafts, including Telli embroidery, which uses gold, silver and brightly coloured strings; Khoos palm-leaf weaving for decorations and household items; Sadu weaving, 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
Flying talk
Register for British Airways’ Flying with Confidence course, which has run for more 30 years. It helps passengers understand how flight phobias can be managed. Led by BA captain Steve Allright, who has 25 years of flying experience, the course addresses concerns and explains the ins and outs of how an aircraft flies, so passengers can fly with excitement and comfort.
October 18, from 10am to 1pm, Dh1,499, Sheraton Grand Hotel, Sheikh Zayed Road, Dubai, www.flyingwithconfidence.com
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Oasis family feud: revisiting the rivalry ahead of albums by Liam and Noel Gallagher
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Abu Dhabi
Fitness fun
Register to take part in the Neorun, the neon night-time fun run with plenty of splashing UV paint, fancy dress and glowing zones along the 5km Halloween-themed party route, complete with surprises and culminating with a dance party at the main stage, with runners glowing from head to toe.
October 27, from 5pm, from Dh150 for early-bird tickets until September 16; then Dh165 and Dh185, ages 10+, Zayed Sports City, Abu Dhabi, www.neorun.com/halloween
Abu Dhabi
Exhibition
Warehouse421 presents Community and Critique: SEAF Cohort 4, an exhibition marking the culmination of the year-long Salama bint Hamdan Emerging Artists Fellowship programme (SEAF) featuring works by 15 artists. A fundamental pillar of the programme is critique – reflection, questioning and analysis – and this exhibition welcomes the public into the artists' studio to engage in the critique process.
Daily until January 14, 10am-8pm Tuesdays to Sundays (closed Mondays), Warehouse421, Mina Zayed, Abu Dhabi, www.warehouse421.ae
Dubai
Concert
Party in the Park returns to Dubai Media City Amphitheatre and will be headlined by former Oasis frontman Liam Gallagher, who will perform tracks from his new album As You Were as well as Oasis classics. Hits include Wonderwall, Don't Look Back In Anger and Supersonic. Electronica band The Chemical Brothers (Galvanize, Hey Boy Hey Girl, Block Rockin' Beats) will also perform. The event will include market stalls, food trucks and more.
November 10, from 2pm, from Dh295, Dubai Media City Amphitheatre, Dubai, www.platinumlist.net
Dubai
Art course
Register to take part in an art history course with Rose Balston at XVA Gallery. Signs and Symbols of the Italian Renaissance: Decoding the World’s Greatest Cultural Boom is an eight-week class led by Balston, the founding director of Art History UAE, who will lead participants through an understanding of the Italian Renaissance. Each session can be taken individually.
Starts Wednesday, 10am to noon, from Dh250 per class; Dh1,600 for all eight classes, XVA Gallery, Al Fahidi Historical Neighbourhood, Bur Dubai, 04 353 5383, xva@xvagallery.com
Dubai
Exhibition
The Third Line presents the exhibition The Line of March featuring works by New York-based artist Pouran Jinchi, who finds the parallels between art and language as modes of communication. Jinchi's works are the result of her research of documents on the visual apparatus of military power, as well as the ways military jargon permeates common language, including Morse Code and the phonetic alphabet. Pictured: A detail of the image J as Juliet
Daily until October 21, 10am to 7pm, Saturdays to Thursdays (closed Fridays, The Third Line, Alserkal Avenue, Al Quoz, Dubai, 04 341 1367, www.thethirdline.com
RESULTS
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Draw:
Group A: Egypt, DR Congo, Uganda, Zimbabwe
Group B: Nigeria, Guinea, Madagascar, Burundi
Group C: Senegal, Algeria, Kenya, Tanzania
Group D: Morocco, Ivory Coast, South Africa, Namibia
Group E: Tunisia, Mali, Mauritania, Angola
Group F: Cameroon, Ghana, Benin, Guinea-Bissau
SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Company profile
Name: Tratok Portal
Founded: 2017
Based: UAE
Sector: Travel & tourism
Size: 36 employees
Funding: Privately funded
THE SPECS
Aston Martin Rapide AMR
Engine: 6.0-litre V12
Transmission: Touchtronic III eight-speed automatic
Power: 595bhp
Torque: 630Nm
Price: Dh999,563
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.”
Asia%20Cup%202022
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