Providence, the state capital, is a lively city with interesting museums, local retailers and an experimental rock scene. Getty Images
Providence, the state capital, is a lively city with interesting museums, local retailers and an experimental rock scene. Getty Images

My Kind of Place: conventional beauty in Rhode Island



Why Rhode Island?

Rhode Island is in the middle: it lies in the valley of the I-95 highway between Boston and New York. And though it has less panache than those two, sometimes on a holiday - a US road trip, say - you could use a break from panache. You could use a middle. And, unlike Cape Cod, the prices are in the middle range, too.

Few cities are as well preserved as Providence, the state capital, from the red neon sign in giant meat-packers' stencil above the Omni Biltmore Hotel to the mansard roof atop the city hall, built in 1878.

In the US there are two kinds of places: those that have let themselves become overrun by chains and are ugly, and those that have not, and Rhode Island is strongly inclined towards the latter. And so you see pieces of Americana, like the sign at the Coffee & Cream shop in North Smithfield, which is a mug of coffee that must be a metre and a half high and seems like something out of The Flintstones, or a procession of cars queuing outside the Rustic Tri-View Drive-In theatre for a Saturday-night showing.

Rhode Island is compact and clean, safe and green. Its waters are favoured by boaters, and were for decades the site of the America's Cup regatta. It is the smallest state in America, roughly twice the size of Fujairah, and its population is barely above a million.

A comfortable bed

We stayed at the Renaissance Providence Downtown Hotel, a former Masonic Temple that dates to the 1920s and is part of the Marriott chain (www.renaissanceprovidenceri.com; 001 401 919 5000; US$191 [Dh701] with tax for a double). It was stately and had nice touches, such as a vat of lemonade (and on another day, iced chai) at the check-in - a cool salve after a day of driving - and those half-circle signs with arrows that show which floor the lift you're waiting for is on. And our rooms were the size of Ajman.

But the grande dame is the Biltmore (www.providencebiltmore.com; 001 401 421 0700; $151 [Dh555] with tax for a double), a 90-year-old L-shaped brick tower in the city centre that boasts that its rooms are the biggest in the state.

Find your feet

Providence was, like Rome, built on seven hills, which endure today in the names of such districts as Federal Hill and Beverage Hill. While "hills" might be pushing it, the slopes do add variety to a stroll.

Meet the locals

The thing I liked most about Rhode Island was the New England accent, where Rs turn into As, and sometimes even Ss into Ds. At Roster, a shop that sold every Boston sports jersey, one of the sales guys asked, "See anything?" and I replied, "You got a LOTTA stuff," and then he said, "Idn't it? Idn't it? It's crazy."

At a glum, spiritless road stop by the Connecticut border, a woman turned "Where do I order?" into a pileup of w's and h's: "Wheah deweye wohdah?"

Book a table

We didn't have a bad meal. My favourite restaurant was Fellini Pizzeria (www.fellinipizzeria.com; 001 401 751 6737, lunch for two for under $15 [Dh55]), on Wickenden Street not far from Brown University, the 244-year-old Providence school that is one of the eight tendrils of the Ivy League. Ordering "The Betty White" brought a thin-crust slice covered in gooey mozzarella, ricotta and feta cheeses, with garlic to give it extra bite. Yum.

For seafood, try Champlin's in Narragansett (www.champlins.com; 001 401 783 3152). Fishing boats are docked right outside, and you can tuck into specialities such as lobster ($14.99 for a one-pounder), clam chowder ($6.79 for a pint) or the seafood platter ($24.99, feeds two people).

Shopper's paradise

Providence Place (www.providenceplace.com), touted as "New England's largest indoor carpeted mall", is not about to knock the socks off shoppers from the Emirates. But it's not ugly, it's right downtown, it has some brands you don't see in Abu Dhabi or Dubai (Abercrombie & Fitch), and the shops often have better prices and selection than UAE outlets of the same name.

Most interesting was the Curatorium (www.thecuratorium.com; 001 401 453 4080), across the street from Fellini's, which appears to cater to the collegiate crowd from Brown University. Things you can buy there: emergency googly eyes, a tarantula encased in glass, Lego sets that make Frank Lloyd Wright buildings, and a book on the overuse of quotation marks entitled FRESH BROWN "EGGS". So, the essentials.

What to avoid

Well, it was a little sleepy at the weekend, and the state legislature was closed for tours on a Sunday, but really I have no complaints.

Don't miss

Before you go, check out dates for WaterFire Providence events, when wood fires burn in metal brasiers along the Providence River. It has the look of floating fire and lights up occasional nights from May to October.

And if I could have swung it, I would have liked to have seen a Pawtucket Red Sox game. Attending a minor-league baseball game is a uniquely local and convivial experience. The PawSox play from early April to early September.

Go there

Etihad Airways (www.etihad.com) offers return direct flights from Abu Dhabi to New York from Dh6,100 return, including taxes.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
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Day 3, Abu Dhabi Test: At a glance

Moment of the day Just three balls remained in an exhausting day for Sri Lanka’s bowlers when they were afforded some belated cheer. Nuwan Pradeep, unrewarded in 15 overs to that point, let slip a seemingly innocuous delivery down the legside. Babar Azam feathered it behind, and Niroshan Dickwella dived to make a fine catch.

Stat of the day - 2.56 Shan Masood and Sami Aslam are the 16th opening partnership Pakistan have had in Tests in the past five years. That turnover at the top of the order – a new pair every 2.56 Test matches on average – is by far the fastest rate among the leading Test sides. Masood and Aslam put on 114 in their first alliance in Abu Dhabi.

The verdict Even by the normal standards of Test cricket in the UAE, this has been slow going. Pakistan’s run-rate of 2.38 per over is the lowest they have managed in a Test match in this country. With just 14 wickets having fallen in three days so far, it is difficult to see 26 dropping to bring about a result over the next two.

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

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SERIES INFO

Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

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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Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

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ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

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