Why Cardiff?
The capital of Wales is a young and vibrant city, and an ideal base to explore the beautiful surrounding countryside of South Wales. Cardiff was granted city status only in 1905 and became the Welsh capital in 1955. It may be new but it's full of history, with Cardiff Castle at its centre. The site was the home of a Roman fort in 55 AD, rebuilt by the Normans in 1081 and renovated in 1868 by the Bute family, who gave it to the people of Cardiff in 1947. A few hundred metres away is the second fortress of the city, Millennium Stadium, home to matches of the Welsh rugby and football teams. The Bay area of Cardiff, formally the docks, was completely renovated to accommodate new residential and commercial areas with views across Bristol Channel. It's home to the modern Welsh Millennium Centre, an arts and culture centre that stages musicals, theatre and art exhibitions.
A comfortable bed
The modern St David's Hotel and Spa (www.thestdavidshotel.com; 00 44 2920 454 045) provides five-star accommodation in Cardiff's Bay area. Close by is the more intimate boutique hotel, and former seaman's lodge, Jolyons Hotel (www.jolyons.co.uk; 00 44 2920 488 775; rooms from £75 [Dh454] per night), with six individually designed rooms, including a Moroccan-themed room, looking across to the Welsh Millennium Centre. Downstairs is the cosy Bar Cwtch (cwtch is a Welsh word that loosely translates into English as a safe place akin to a hug). The 1920s Holm House (www.holmhouse.co.uk; 00 44 2920 701 572) in nearby Penarth offers a more peaceful, coastal setting. The seaside town, six kilometres from the Bay, was popular in the Victorian era, with views across Bristol Channel to the Islands of Flatholm and Steepholm. The hotel is fitted with modern rooms, and suites come with Bang and Olufsen technology. In the city centre is the Big Sleep Hotel (www.thebigsleephotel.com; 00 44 2920 636 363; rooms from £58 [Dh351]), part-owned by the Hollywood actor John Malkovich.
Find your feet
The Taff Trail cuts its way from Cardiff Bay through the city and to the beautiful Brecon Beacons, nearly 88km away. A bit too much to walk in a day, but tackling part of it is a great introduction to the more scenic side of the capital city. The trail starts at Roald Dahl Plass, named after the famous children's author who was baptised at the nearby Norwegian Church, a landmark wooden church built in the 1860s by Norwegian sailors.
The Bay is an architecturally diverse area, with the Welsh Millennium Centre and Senedd (the home of the Welsh Assembly), which sports a steel ceiling, wooden roof and glass facade - to make visible the inner workings of the assembly, or so they say - alongside the Grade-One listed, 113-year-old Pierhead building with a clock tower dubbed Wales's very own Big Ben (www.pierhead.org; open Monday to Saturday; open from 10.30am to 4.30pm). The trail leaves the Bay towards the city, following the bank of the river, opposite the city centre, but you can cross a bridge to visit the Millennium Stadium and Cardiff Castle. Then continue through Sofia Gardens and past the Swalec Stadium, and the smart Pontcanna neighbourhood, locally known as the Chelsea of Cardiff. The trail becomes more rural as you head to Castell Coch or Red Castle, a 19th-century Gothic Revival-style building surrounded by woods and perched on a rock ledge.
Meet the locals
The best day to meet the locals is when the city is home to a rugby international, particularly during the six nations tournament in the spring months, and when one of the other Celtic nations, Scotland or Ireland, is visiting - that's when the city really comes alive.
Book a table
Most people's knowledge of Welsh cuisine starts and ends with Welsh Rarebit (cheese on toast), or leeks, but the Armless Dragon (www.armlessdragon.co.uk; 00 44 2920 382 357) has been attempting to further people's culinary understanding, with dishes such as the starter cockle and laverbread cakes on leek fondue, white truffle oil and dill (£5.95; Dh36), Welsh sirloin steak with baked field mushrooms and red onion marmalade, root vegetable Dauphenoise, cherry tomatoes and port hus (£17; Dh103).
Bullys (www.bullysrestaurant.co.uk; 00 44 2920 221 905) has built a reputation in the city over the past 16 years, and championing local produce. Main courses cost from £11 (Dh66).
Shopper's paradise
With only Swansea to the West and Bristol over the Severn Bridge in England, Cardiff is home from home to shoppers from all over the south and mid-Wales area. Cardiff also boasts the oldest record shop in the world. Spillers (www.spillersrecords.co.uk) was founded in 1894 and, more recently, was saved after a public campaign in 2006 kept it from closing after rents in the city centre rose because of the influx of high-street chains.
The Morgan Arcade and the nearby Royal Arcade house a number of smaller independent stores. In Morgan Arcade, A Vintage Affair stocks good quality vintage clothing from the 1940s to 1980s and chintzy homewares such as embroidered tablecloths and mismatched china. In Royal Arcade, stop at Melin Tregwynt for traditional Welsh woven blankets.
In Castle Arcade, near the castle, is Madame Fromage, ideal for foodie gifts or a quick bite, and Folk Farm, an eclectic shop crammed with antiques, vintage suitcases and clothes, and Welsh blankets - if you rummage you might find an old-school Burberry trench.
Craft in the Bay, as the name suggests, is in the Bay area, and sells locally made wooden and metal crafts. It also offers short courses and holds exhibitions of contemporary craft and applied art. Pethau Bychain sells furniture, crafts, ceramics and small accessories for the home (the name is Welsh for "little things"). And while you're in the Bay, pop into Fabulous Welsh Cakes (www.fabulouswelshcakes.co.uk; 00 44 29 2045 6593) for freshly made cakes, and some packaged for gifts back home, if they last that long.
What to avoid
The city centre on a Friday or Saturday night. All the horror stories of drunken Britain come to life after dark and it is not a pleasant or particularly safe place to be. Visitors are better off staying in Pontcanna, or Llandaff, the Bay outside the centre.
Don't miss
The countryside. Cardiff is surrounded by scenery that is said to have inspired JRR Tolkein when he sat down to write The Lord of the Rings. The rugged coastline to the west of the city, towards Swansea, is home to numerous scenic spots, such as Rhossilli Bay on the Gower Penisula - familiar to the Welsh poet Dylan Thomas. At nearby Llangennith you can hire surfboards and wetsuits from PJs surf shop (www.pjsurfshop.co.uk; 00 4 1792 386 669).
North of Cardiff is the Brecon Beacons, perfect for hiking, cycling, caving or canoeing. The waterfalls walk in the Vale of Neath allow for a delightful diversion from the city. Two museums just outside the city that are both free and well worth a visit are St Fagans, the open-air natural history museum featuring buildings from past centuries, and Big Pit: National Coal Museum, which has an interesting multimedia tour of a mine (for information on these museums and others, visit www.museumwales.ac.uk).
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
Bournemouth 0
Manchester United 2
Smalling (28'), Lukaku (70')
How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
The specs
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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.”
The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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MATCH INFO
Champions League quarter-final, first leg
Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
Manchester United v Liverpool
Premier League, kick off 7.30pm (UAE)