February 14 usually marks the time when hotels rack up their prices and restaurants introduce all sorts of silly seating rules and overpriced special menus, meaning that any sensible couple would stay at home for Valentine's Day. The worldwide recession, however, has meant that this year, hotels have been forced to maintain or cut their normal prices to boost occupancies - meaning that the occasion marks an opportunity for an extended weekend break, or at least a night away.
The Dolder Grand Hotel near Zurich (www.thedoldergrand.com; 0041 44 456 60 00) is offering double rooms on February 14 for $830 (Dh3,060) including tax, or a full one-night package including breakfast, a four-course dinner, a 4pm check-out and a one-hour spa treatment for two people for $1,300 (Dh4,780) on February 13 or 14, with a further 20 per cent off the $830 rate for additional nights. Built in 1899, the hotel was extensively renovated in 2004 and has views over Lake Zurich and the Alps. It has 173 rooms, a 4,000 square metre spa and a Michelin-starred restaurant headed by Heiko Neider.
In Prague, perhaps Europe's most romantic city, the Augustine Hotel, a Rocco Forte property built within seven historic buildings, has put together a three-night Valentine's weekend offer for its exclusive 13th-century tower suite. The suite is on three levels linked by a spiral staircase, with a bedroom at the top with 360-degree views across Prague through eight large windows. The luxurious open-plan bathroom on the second floor includes a large double-ended roll-top bath as well as separate shower and there is a spacious living room on the first floor. The interiors of the suite (and hotel) have been designed by Olga Polizzi.
A three-night stay in the tower suite for two people, including daily breakfast, champagne and chocolate-dipped strawberries, a five-course dinner in the Monastery restaurant, couples spa treatments and a rose petal turn-down, costs $10,100 (Dh37,000) including tax and a classic double room in the main hotel costs $1,203 (Dh4,420) including tax. Guests will also be able to take advantage of the hotel's "bath butler", who will run your bath and light candles at your request. The rates represent a saving of a third on normal room prices. For more information visit www.roccofortecollection.com or call 800 7666 6667.
Closer to home, with a Valentine's Day Winter Wonderland Ski Chalet Package at the Kempinski Mall of the Emirates in Dubai (www.kempinski-dubai.com; 04 341 0000) couples can enjoy a cosy private dinner in their ski chalet overlooking the slopes of Ski Dubai for $1,090 (Dh4,000) including tax for one night, including dinner and a gift.
Outdoors, take advantage of both the cool weather and the soft opening of the brand-new Banyan Tree Al Wadi desert resort in Ras Al Khaimah (www.banyantree.com; 07 206 7777) and enjoy three nights for the price of two. Until February 28, the 100-hectare oasis, which contains a 24-hectare nature reserve, is offering a complimentary night with a minimum of two paid nights; rates start at $630 (Dh2,311) per night, including taxes, for a deluxe pool villa. For those wanting a Valentine's Day package, Desert Romance packages are available from February 11 to February 15 and cost from $865 (Dh3,176) for two including taxes. The price includes one night's accommodation in a pool villa, a rose-petal bath, a sparkling beverage, breakfast and dinner. The resort contains a 3,000 square metre Asian-inspired hydrotherapy spa, a private beach club and an 18-hole championship golf course. The resort is set in Wadi Khadeja, a 20 minute drive from Ras al Khaimah city centre. The nature reserve contains Arabian Oryx, gazelles and camels; activities include hiking, camel riding and falconry.
Those who fancy cruising through Valentine's Day can save up to 50 per cent with Italian travel group Costa Cruises (www.costacruises.co.uk; 0044 845 351 0552). The company is offering a variety of February offers, including an 11-night voyage on the Costa Serena to Spain, Morocco and Madeira, stopping at Barcelona, Casablanca, Arrecife, Tenerife, Funchal and Malaga. The cruise departs from Savona in Italy on February 9 and prices start at $826 (Dh3,040) per person based on two sharing, including tax and all meals: a 50 per cent discount on the normal price.
Alternatively, a 14-night cruise through Indonesia, Malaysia and Thailand on the Costa Allegra, stopping in Ujung Pandang, Komodo Island off Bali, Jakarta, Malacca, Phuket and Kuala Lumpur, departing Singapore on February 6, costs $1,330 (Dh4,890) per person based on two sharing, including all meals and taxes. This price has been reduced by $503 (Dh1,850).
travel@thenational.ae
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The Florida Project
Director: Sean Baker
Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe
Four stars
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Results
6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).
7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
COMPANY%20PROFILE%20
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Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
THE BIO
Age: 33
Favourite quote: “If you’re going through hell, keep going” Winston Churchill
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in
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
Specs%3A%202024%20McLaren%20Artura%20Spider
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The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
COMPANY%20PROFILE
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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
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
COMPANY%20PROFILE
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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
STAGE%201%20RESULTS
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The Intruder
Director: Deon Taylor
Starring: Dennis Quaid, Michael Ealy, Meagan Good
One star
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
TOP%2010%20MOST%20POLLUTED%20CITIES
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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.”
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
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
UAE currency: the story behind the money in your pockets