Top 10: See Masha and the Bear on Ice, head to the Liwa Date Festival, and more


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Abu Dhabi  Performance  See Masha and the Bear on Ice as part of Abu Dhabi Summer Season. It is a story of the 3-year-old girl and her retired circus-star friend, Bear, who live in a train station in the forest and teach viewers about creativity, loyalty and true friendship. Performances will take place in English.  Today and tomorrow, 3pm and 6.30pm on July 28; 3pm on July 29, from Dh95, Zayed Sports City Ice Rink, Zayed Sports City, Abu Dhabi, www.tixbox.com

Abu Dhabi Grand prix It's the last chance to get 30 per cent off tickets to the 2017 Formula 1 Etihad Airways Abu Dhabi Grand Prix. A variety of grandstand locations and packages are available, including the new GP Parks Pass, which gives unlimited access to the Yas Island parks Ferrari World Abu Dhabi and Yas Waterworld. For every three-day adult grandstand ticket, one child under 12 will get free Friday entry to that grandstand, along with free access to the Yas Island parks.  November 24 to 26, from Dh1,120 for three-day Abu Dhabi Hill package, Yas Marina Circuit, Yas Island, Abu Dhabi, 800 927, www.yasmarinacircuit.com

Nationwide New movie Dunkirk is set in May 1940 during the Second World War, with Allied troops trapped on the beaches of Dunkirk, France, and surrounded by German army. With air and ground cover from British and French forces, the troops were evacuated using naval and civilian vessels. The film is presented in interwoven stories covering a week on the ground, a day on the sea and an hour in the air. Action drama, starring Fionn Whitehead, Tom Glynn-Carney, Jack Lowden, Harry Styles, Cillian Murphy, Mark Rylance, Tom Hardy and Kenneth Branagh. Screening at cinemas across the UAE (PG-13).

Liwa Date festival  Liwa Date Festival continues until tomorrow. Farmers present a variety of dates for judging, along with competitions for the best mangoes and best lemons, model farms and more. There is a traditional market, children's village, dates market, seminars and workshops.  Today and tomorrow, 4pm to 10pm, free, Liwa, Al Dhafra region, Abu Dhabi, www.liwadatesfestival.ae

Ras Al Khaimah Nature tour Take part in an introductory star-gazing session at the Al Wadi Nature Reserve in Ras Al Khaimah and learn about ancient Greek mythology's fascination with stars, as well as how Arabian explorers used the constellations to navigate over vast spaces. Al Wadi Desert, a Ritz Carlton partner hotel in Ras Al Khaimah, provides the tour in the crystal-clear skies of the emirate that is sure to interest seasoned astronomers and amateur star gazers alike.  Available daily, from Dh198 per adult; Dh99 per child, Al Wadi Desert, Ras Al Khaimah, 07 206 7777, rc.rktrw.experience@ritzcarlton.com

Dubai Talk Plan to attend a talk by Ibrahim Ali Khadim, who will discuss the subjects covered in his book, Teaching Love, which gives guidance on how to love and accept oneself, control emotions and face challenges. The talk, led by Walter Paice, is part of the Literaturhaus at Nadi programme, which aims to spark thoughtful exchange in the style of the 19th-century salon.  Saturday, 4pm, free, Nadi Al Quoz, Alserkal Avenue, Al Quoz, Dubai, www.alserkalavenue.ae

Dubai Comedy show  Comedians at Work, presented by Dubomedy, returns to Hangry Hangar at Warehouse Four in Al Quoz this weekend with the best of new and established local comedians set to take the stage, plus, the venue's food trucks will be on hand to serve up snacks.  Saturday, 7.30pm, free with reservation, Hangry Hangar, Warehouse Four, near Tom & Serg and Ace Hardware, Al Quoz, Dubai, rsvp@dubomedy.com

Dubai Spa special  Dubai Ladies Club offers temperature-controlled attractions to help guests remain cool and refreshed on the beach. DubaICE Beach Ladies Beach activities include an ice dome with a zero-degree snow spa for healthier skin and hair, ice-themed activities for children and an Aqua Swing, which simulated the sensation of swinging through a waterfall. Plus, there are food trucks, an inflatable play area for children and a live DJ.  Fridays and Saturdays until August 19, 2pm to 7pm, free for Dubai Ladies Club members; Dh250 for non-members, Dubai Ladies Club, Dubai

Dubai Concert Get tickets for Unite with Tomorrowland and see a line-up of top EDM musicians, including Martin Solveig, Franky Rizardo, Tom Swoon, Ferreck Dawn, Robert Falcon and more. Performing via live stream from Tomorrowland MainStage in Belgium are headliners Armin van Buuren, Dimitri Vegas & Like Mike and Kshmr.  Tomorrow, 2pm to 3am, from Dh490, 21+, Festival City Arena, Dubai, www.platinumlist.net

Dubai Gallery tours Visit Alserkal Avenue on Saturdays for a guided tour of the galleries and meet the people who run the spaces around the avenue and learn about their current exhibitions and programming. Saturday, 5pm, meet at Nadi Al Quoz, Alserkal Avenue, Al Quoz, Dubai, register at rsvp@alserkalavenue.ae

Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Chatto & Windus 

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MATCH INFO

Uefa Nations League

League A, Group 4
Spain v England, 10.45pm (UAE)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.”

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent