The Vieux Port is one of the three picturesque marinas that hug the curving coast of Cannes. Photo by Adam Batterbee for The National
The Vieux Port is one of the three picturesque marinas that hug the curving coast of Cannes. Photo by Adam Batterbee for The National
The Vieux Port is one of the three picturesque marinas that hug the curving coast of Cannes. Photo by Adam Batterbee for The National
The Vieux Port is one of the three picturesque marinas that hug the curving coast of Cannes. Photo by Adam Batterbee for The National

The for-real Riviera


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Why Cannes?

For a town of only 73,000 residents, Cannes manages to pack in 600 boutiques, 300 restaurants and bars and 130 hotels. The reason why, of course, is the annual film festival that draws the stars and hangers-on every May to this stretch of the Côte d’Azur. Cinema is in its soul, evident in festival motifs dotted all around. One of the more enchanting signs is the Murs Peints de Cannes, a series of film-inspired murals painted on otherwise dull façades all over town. You never know when you’ll turn a corner and come across a giant Charlie Chaplin staring wide-eyed from the side of a block of flats.

There’s much more to Cannes than the glitz of the Croisette Boulevard and the Palais des Festivals where the A-listers pose. The medieval old town, Suquet, is a delightful jumble of winding, hilly streets that climb towards the 12th-century Chapelle Sainte-Anne at the summit. There’s a pleasantly laid-back feel to the area around the covered market at Forville and the shopping streets north of the port, where unpretentious real life goes on after the festival circus has left town.

A comfortable bed

Tucked away in a quiet street but only seconds away from the Croisette, the five-star Five Seas Hotel (www.five-seas-hotel-cannes.com; 00 33 4 63 360 505) offers discreet luxury with some funky touches. Take in superb views from the rooftop pool and bar – if you can tear yourself away from the hotel’s patisserie, run by world pastry champion Jérôme de Oliveira. Doubles from €140 (Dh708).

In a prime spot on the western side of the old port and at the foot of the old town is the four-star Radisson Blu (www.radissonblu.com/hotel-cannes; 00 33 4 92 997 300). Airy, modern rooms face either the sea or terracotta rooftops of Suquet. Panoramic views come with meals at the aptly named Le 360 rooftop restaurant, and the hotel has direct access to the Thermes Marins spa.

The four-star Hotel Splendid (www.splendid-hotel-cannes.com; 00 33 4 97 062 222) is in an enviable location, with one side facing the shopping area that joins Rue d’Antibes and most of the rooms facing the port. Doubles start at €88 (Dh440), but sea view rooms start at €122 (Dh610).

Find your feet

Cannes is a compact town with all the sights within walking distance, so you won’t need a car. The steep streets of Suquet, the old town, rise up on the western side by the Vieux Port, one of the three marinas that hug the curving coast.

The Boulevard de la Croisette sweeps along the waterside past the decidedly unattractive Palais des Festivals and towards the grand hotels that face the Mediterranean. Most of the beaches are owned by the hotels, but you can find public beaches farther west beyond Suquet, namely Plage du Midi and Plage de la Bocca. The tourist office (www.cannes-destination.fr) is in the Palais des Festivals.

Meet the locals

The daily market at Forville on the edge of Suquet is surrounded by simple bars and bistros where Cannois meet for coffee after stocking up on the day’s fresh food. Grab a table and a paper at Bar de l’Horloge, one of the most popular.

Book a table

Head to the beach for a leisurely meal by the lapping waves of the Mediterranean. Rado Plage (www.rado-plage.com; 00 33 4 93 942 068) is one of the oldest and friendliest beach restaurants, with plates of giant garlicky prawns for €26 (Dh131).

Seafood lovers make a beeline for Cannes institution Astoux & Brun (www.astouxbrun.com; 00 33 4 93 392 187) for platters of fruits de mer from €22 (Dh111).

If you’re into the trend for gourmet burgers, go to the quieter end of Rue St-Antoine as it veers into Rue du Suquet.

At No 24 is the aptly if unimaginatively named Le XXIV (www.24-suquet.com; 00 33 4 89 025 770), which serves superb burgers in relaxed surroundings. Try Le Savoyard (beef and reblochon cheese) for €13 (Dh65).

Shopper’s paradise

It’s hard to resist a stroll along La Croisette where the top designer boutiques sit elegantly under the swaying palm trees. You’ll find the usual suspects: Chanel, Gucci, Louis Vuitton.

Those on less exalted budgets will enjoy a walk along the parallel Rue d’Antibes, where the top-end French and international brands offer plenty of choice. The next street up is the lively pedestrianised Rue Meynadier, with cheerfully cheap boutiques and souvenir stalls.

What to avoid

Coming in May during the film festival. No, really. It’s fine if you’re involved in the industry, but a nightmare for anyone who wants to get a true taste of Cannes. The crowds, soaring prices and frenetic pace won’t be to everyone’s taste.

Don’t miss

It’s a completely different – and very tranquil – world on the Iles de Lérins, a small archipelago that’s only a 20-minute boat ride from the harbour.

Explore the abbey and peaceful vineyards of St-Honorat, France’s only private island and home to a monastic community for the past 16 centuries.

Its larger neighbour, Ste-Marguerite, has forest trails, swimming lagoons, a 17th-century fort, a maritime museum and plenty of quiet spots for a picnic.

Go there

A return flight with Emirates (www.emirates.com) from Dubai to Nice, 30km away, takes six and a half hours and costs from Dh3,925, including taxes.

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THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

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J%20Street%20Polling%20Results
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French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Votes

Total votes: 1.8 million

Ashraf Ghani: 923,592 votes

Abdullah Abdullah: 720,841 votes 

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Match info

Deccan Gladiators 87-8

Asif Khan 25, Dwayne Bravo 2-16

Maratha Arabians 89-2

Chadwick Walton 51 not out

Arabians won the final by eight wickets

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

if you go

The flights

Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes

The package

Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January

The info

Visit www.gokorea.co.uk

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

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”.

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.”

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)

 

Europa League group stage draw

Group A: Villarreal, Maccabi Tel Aviv, Astana, Slavia Prague.
Group B: Dynamo Kiev, Young Boys, Partizan Belgrade, Skenderbeu.
Group C: Sporting Braga, Ludogorets, Hoffenheim, Istanbul Basaksehir.
Group D: AC Milan, Austria Vienna , Rijeka, AEK Athens.
Group E: Lyon, Everton, Atalanta, Apollon Limassol.
Group F: FC Copenhagen, Lokomotiv Moscow, Sheriff Tiraspol, FC Zlin.
Group G: Vitoria Plzen, Steaua Bucarest, Hapoel Beer-Sheva, FC Lugano.
Group H: Arsenal, BATE Borisov, Cologne, Red Star Belgrade.
Group I: Salzburg, Marseille, Vitoria Guimaraes, Konyaspor.
Group J: Athletic Bilbao, Hertha Berlin, Zorya Luhansk, Ostersund.
Group K: Lazio, Nice, Zulte Waregem, Vitesse Arnhem.
Group L: Zenit St Petersburg, Real Sociedad, Rosenborg, Vardar

MATCH INFO

Manchester United 2
(Martial 30', McTominay 90 6')

Manchester City 0

NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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