carrot cake on a plate garnished with autumn leaves
carrot cake on a plate garnished with autumn leaves

Lose that, eat this: carrot cake



Whichever way you look at it, a slice of cake is always going to be an indulgent treat, best enjoyed on a not-too regular basis, and savoured over a cup of tea. Carrot cake might seem like a more healthy choice, but despite the vegetable element, cakes sold in shops or cafes will most often be made with plenty of butter and sugar and contain added preservatives. A thick layer of full fat cream cheese icing simply piles on more calories.

So, this version of carrot cake is a healthier version of the classic. We have replaced the butter with more healthy groundnut oil and the natural yoghurt helps to add moisture.

Unrefined wholemeal flour is better for you than the traditional white variety, but when experimenting with this cake we found that when just wholemeal flour was used the cake tasted rather bready. Using half and half is a good compromise, although it's advisable to experiment to adapt for your own taste.

Agave syrup or nectar is available from health food stores - ours was purchased from The Organic Store in Dubai Mall. It is a natural sweetner, has a low glycemic index and is thought by many to have a number of beneficial properties. I found that I needed to use rather a lot of it to achieve the right level of sweetness, so in the end opted to add some caster sugar too, but a reduced amount.

Low-fat labneh is an excellent choice for the cream cheese topping, with the natural yoghurt letting the mixture down and preventing it from being too rich. Make sure you allow the cake to cool completely before icing it, or simply dust with caster or icing sugar.

Healthier carrot cake

120g wholemeal flour

120g self raising flour

1 tsp baking powder

1 tsp baking soda

1 tsp cinnamon

tsp fine salt

120g raisins

75g walnuts, roughly chopped

1 egg and 1 egg white

100ml canola oil, plus extra for greasing

100g agave syrup

50g light brown sugar

100ml natural yoghurt

280g finely grated carrot

For the icing:

100g low-fat cream cheese

50ml natural yoghurt

2 tbsp agave syrup

2tbsp walnut, chopped

Preheat the oven to 160C/fan 140/gas 3. Lightly oil a 20cm round cake tin and line the base with parchment paper. Tip both types of flour, the baking powder and baking soda, cinnamon, salt, raisins and walnuts into a large bowl and stir well until the mixture is free of lumps and well combined. In a separate bowl lightly whisk the whole egg and white together. Gradually pour in the oil, then add the agave syrup and light brown sugar, whisking continuously. The mixture should be slightly frothy. Mix in the natural yoghurt and grated carrot. Tip the flour mixture into the wet ingredients (half at a time) and use a folding motion to combine. Pour the mixture into the prepared baking tin and bake for 45 minutes, or until risen and firm, and a skewer inserted in the centre of the cake comes out clean. Leave to cool for a few minutes, then turn out on to a wire rack, remove the parchment and leave to cool completely.

To make the icing simply beat together the cream cheese, yoghurt, and agave syrup until smooth. Spread over the cake and scatter the chopped walnuts over the top.

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Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

Company profile

Company: Zywa
Started: 2021
Founders: Nuha Hashem and Alok Kumar
Based: UAE
Industry: FinTech
Funding size: $3m
Company valuation: $30m

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

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.”

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

UAE currency: the story behind the money in your pockets
Teams

Pakistan: Sarfraz Ahmed (captain), Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shanwari, Hasan Ali, Imad Wasim, Faheem Ashraf.

New Zealand: Kane Williamson (captain), Corey Anderson, Mark Chapman, Lockie Ferguson, Colin de Grandhomme, Adam Milne, Colin Munro, Ajaz Patel, Glenn Phillips, Seth Rance, Tim Seifert, Ish Sodhi, Tim Southee, Ross Taylor.

COMPANY PROFILE

Name: DarDoc
Based: Abu Dhabi
Founders: Samer Masri, Keswin Suresh
Sector: HealthTech
Total funding: $800,000
Investors: Flat6Labs, angel investors + Incubated by Hub71, Abu Dhabi's Department of Health
Number of employees: 10

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

All The Light We Cannot See

Creator: Steven Knight

Stars: Mark Ruffalo, Hugh Laurie, Aria Mia Loberti

Rating: 1/5 

Top 10 most competitive economies

1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway

Pad Man

Dir: R Balki

Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte

Three-and-a-half stars

WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?

• Looming global slowdown and recession in key economies

• Russia-Ukraine war

• Interest rate hikes and the rising cost of debt servicing

• Oil price volatility

• Persisting inflationary pressures

• Exchange rate fluctuations

• Shortage of labour/skills

• A resurgence of Covid?


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