The SkyPark, with a tropical garden and 150-metre infinity pool, sits atop the three towers of the Marina Bay Sands resort in Singapore.
The SkyPark, with a tropical garden and 150-metre infinity pool, sits atop the three towers of the Marina Bay Sands resort in Singapore.
The SkyPark, with a tropical garden and 150-metre infinity pool, sits atop the three towers of the Marina Bay Sands resort in Singapore.
The SkyPark, with a tropical garden and 150-metre infinity pool, sits atop the three towers of the Marina Bay Sands resort in Singapore.

Singapore stops, quick getaways to Malaysia and enjoy Eid in the Maldives


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Enjoy breathtaking views of Singapore from the tropical garden and infinity pool atop the city's magnificent new Marina Bay Sands Resort with the Sands SkyPark Experience package. Open for stays until September 20, the package includes a special rate of S$379 (Dh1,028) per room per night, based on twin sharing, with daily breakfast, access to Sands SkyPark Observation Deck, a complimentary photo experience and special SkyPark souvenirs for two from the SkyPark Shop, which is also offering a 15 per cent discount on purchases. Visit www.marinabaysands.com to book online or call 00 65 6688 8888.

Singapore Airlines, the Singapore Tourism Board and Changi Airport Group are jointly offering value-packed Singapore stopover holidays with a room rate that starts from S$33 (Dh121) per person on a twin sharing basis for the first night. The offer is valid until October 31 for travel until November 15. The package includes admission to seven tourist attractions: Sentosa Island Resort, where you can choose to either visit the Tiger Sky Tower or see the Songs of the Sea performance; the Malay Heritage Centre; Peranakan Museum; National Orchid Garden; Singapore River Bumboat Tour; Jurong Bird Park; and Singapore Zoo. Travellers also get a SingTel prepaid mobile calling card; a 50 per cent discount on meals at a designated food outlet in their hotel; unlimited rides on Singapore Airlines' hop-on buses; a S$10 (Dh27) shopping voucher at Changi Airport shops; a S$10 dining voucher at Food Republic and coffee/tea and toast set at Ya Kun, a local chain of coffee houses.

The package includes admission to seven tourist attractions: Sentosa Island Resort, where you can choose to either visit the Tiger Sky Tower or see the Songs of the Sea performance; the Malay Heritage Centre; Peranakan Museum; National Orchid Garden; Singapore River Bumboat Tour; Jurong Bird Park; and Singapore Zoo. Travellers also get a SingTel prepaid mobile calling card; a 50 per cent discount on meals at a designated food outlet in their hotel; unlimited rides on Singapore Airlines' hop-on buses; a S$10 (Dh27) shopping voucher at Changi Airport shops; a S$10 dining voucher at Food Republic and coffee/tea and toast set at Ya Kun, a local chain of coffee houses.

Visit Kuala Lumpur, Penang, Langkawi, Kuching or Kota Kinabalu with Singapore Airlines' special packages for Ramadan and Eid, starting from Dh2,490 per person for three days and two nights. These packages are on sale until September 20 for travel until the end of the month, and include return economy class flights; two nights hotel accommodation on a twin sharing basis, with breakfast; and return airport-hotel transfers.

Emirates Holidays is also offering special Eid packages to Malaysia next month, based on two sharing, that include return economy class airfares, daily breakfast and return transfers from the airport to the hotel, with one extra complimentary night's accomodation on minimum stays. Enjoy shopping and fine Chinese and Malaysian cuisine in Penang while based at the Golden Sands Resort, located along the beachfront close to the night market area, or at the the Shangri La Rasa Sayang Resort & Spa, nestled between the sea and Penang's emerald green hills. Stay four nights for the price of three in a Superior Hillview Room at the Golden Sands or in a Rasa Wing Hillview Room at the Shangri La Ras Sayang. Alternatively, guests can stay in a Garden Wing Deluxe Sea Facing Room at La Rasa Sayang for five nights for the price of four. Call 800 5252 or visit www.emirates-holidays.com for more details on these packages or to see similar Eid offers for destinations such as Bali, Cape Town and Prague.

Enjoy a bird's-eye view of Dubai from a Seawings plane as the sun sets, bathing the city's landmarks in a golden glow, and land in time for iftar at the five-star Dubai Creek Golf and Yacht Club. The Dubai-based seaplane charter operator's Ramadan special is being offered for just Dh699 per person. Visit www.seawings.ae for more details and to book.

The Shangri-La's Villingili Resort & Spa in the Maldives is celebrating Eid with a special four-night stay package with one complimentary night when paying for a minimum of three nights The promotion, which runs from September 8 to 18, is for the resort's beach villas and deluxe pool villas, with rates starting from $1,050 (Dh3,858) per night.

Included in the offer are return flights for two from the capital Malé to Gan - offering scenic views of the Maldives' different atolls during the 70-minute trip; breakfast for two in the Javvu restaurant; a complimentary Arabic dinner for two in Dr Ali's Restaurant; and up to two complimentary beds for children under the age of 12. And if that doesn't leave you with enough space to breathe, the resort is also offering a 25 per cent discount on the booking of a second villa by the same party.

* The National

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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.”

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

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

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

Company%20Profile
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The biog

Name: James Mullan

Nationality: Irish

Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)

Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”

Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”

SPECS
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Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5