Ahlam Bolooki has spent her career championing the written word. Before becoming chief executive of Emirates Literature Foundation, director of Emirates Airline Festival of Literature and managing director of Elf Publishing, she was an avid visitor at the literature festival.
Now she is spearheading efforts to put Dubai on the global literary map. A cultural advocate, curator and supporter of regional voices, Bolooki is one of the UAE’s most influential champions of books and ideas.
We sit down with her to ask her some questions for One Last Thing.
What’s your favourite time of day and why?
Mornings, when my husband, girls and I come together for breakfast, cooking and listening to music. Twice a week, I have a 7am piano class, which I love. It’s the time I feel most open to learning, creating, and embracing the possibilities of the day.
What’s your favourite restaurant anywhere in the world?
It’s always changing, but Tresind Studio in Dubai blew me away. It’s like theatre on a plate. Still, my all-time favourite chef is my sister-in-law, Sahar Al Awadhi, who elevates Emirati cuisine beautifully. When her restaurant, Abra, opens at Etihad Museum later this year, that’ll be my new favourite.
When was the first time you realised your parents were human?
It wasn’t one moment, but in phases. As an adult, I began seeing my parents as people, not just ‘parents’. But the real shift came when I became a parent myself. Suddenly, I understood just how deeply they loved me, and how hard it must have been for them to protect and guide me while managing their own fears.
What do you want to be when you grow up?
When I grow up, I want to sit in my library and read my books. And I’d love to become an excellent pianist, not professionally, just for myself, so I can enjoy music with my loved ones as I get older.
Do you have any hidden talents?
I write poetry. Nothing is published so far, but maybe one day it will be; then you can be the judge of talent.
Your favourite book?
Choosing a favourite book is impossible – there are just too many! I recently read Whereabouts by Jhumpa Lahiri, which reads almost like a daily journal, full of lines that linger. I was particularly struck by the way it captures someone as “at peace with himself, but at odds with the world”.
What type of music can’t you stand?
Repetitive or very intense music, like techno or metal, isn’t my thing. I appreciate it, but it doesn’t speak to me.
What puts you in a bad mood?
As someone who easily absorbs the energy around me, I thrive in positive environments. Negative moods can affect me deeply. It’s a reminder of how much our surroundings shape our mindset.
What can you not live without?
Beyond my kids and husband, music and the arts: literature, galleries, theatre. The things that give life, life.
Sitting on the sofa or out with friends?
I love both, but evenings on the sofa with my husband are sacred. After the kids are asleep, we cook something and catch up on the day. That said, I also value time with friends – relaxed dinners, good food, and sharing life plans and stories.
What smell takes you back to childhood?
Balaleet on Eid morning is the ultimate feel-good childhood smell.
What city do you love, but would hate to live in?
London, the city I’ve visited the most as a child with my family and in many different stages of my life. I love walking all day, enjoying the parks, watching shows, eating great food, people-watching, but I’d miss the sunshine if I had to live there.
Can you play a musical instrument?
I’m in the early stages of learning the piano. Hopefully one day I can say yes, I can.
Have you ever been on a motorcycle?
No.
Any words to live by?
Life is short, and every day is a gift. If there’s something you want to do, don’t wait. Just go for it.
Biggest pet peeve?
People being late. Time is the most valuable thing in the world and I hate when people don’t respect it, especially when it becomes a habit.
Dream dinner guests?
Ziad Rahbani, Chris Martin, Ravi Shankar.
Do you believe in aliens?
I believe in some form of extraterrestrial life. The universe is vast, so it’s hard to imagine we’re the only ones out there.
What’s your favourite Arabic word?
Yaqeen. A friend gave me a necklace with it after a big wish of mine came true. It’s all about trusting God’s plan; even if the worst happens, you know you’ll be OK. It’s a faith beyond faith.
The most niche thing you watch on YouTube?
I don’t watch much YouTube, honestly. I mostly watch concerts and music covers, and since having kids, my screentime is really limited. When we do watch shows in the evenings, it’s usually highly rated or award-winning – nothing too niche.
How do you take your tea?
I’m obsessed with tea, from karak to white and oolong teas. My go-to is a Ceylon tea called shamshiri. I love adding rosewater, saffron and cardamom.
What makes you cry?
Being surrounded by nature and nothing else. Feeling tiny against the majestic vastness of nature moves me.
What do social algorithms think you’re interested in?
Right now, my feeds are full of Ziad Rahbani, art and toddler food inspiration. Thanks, algorithms!
TikTok or Instagram?
Honestly, I’ve disconnected a bit from social media. I try to stay present in real life, so I mostly use it just to keep in touch, but I’m focusing on being more present day to day.
What is it about you that would surprise most people?
I have a terrible fear of cats. Lately, I’ve been trying to face it. I even visited a friend with a cat and touched it, and now seeing a cat on the street doesn’t completely freak me out.
What was the last thing you did for the first time?
Recently, I tried abalone and fugu at a Japanese dining experience. The textures and flavours were completely new to me. Fugu can be poisonous if not cooked right, so it was a wild first. I love trying new food with my husband, who is a big foodie.
Fifa Club World Cup:
When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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First Person
Richard Flanagan
Chatto & Windus
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MATCH INFO
Uefa Nations League
League A, Group 4
Spain v England, 10.45pm (UAE)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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.”
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
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
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
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Defending champions
World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack
Mohammed bin Zayed Majlis
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
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
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Stage 5 results
1 Tadej Pogacar (SLO) UAE Team Emirates 3:48:53
2 Alexey Lutsenko (KAZ) Astana Pro Team -
3 Adam Yates (GBR) Mitchelton-Scott -
4 David Gaudu (FRA) Groupama-FDJ 0:00:04
5 Ilnur Zakarin (RUS) CCC Team 0:00:07
General Classification:
1 Adam Yates (GBR) Mitchelton-Scott 20:35:04
2 Tadej Pogacar (SlO) UAE Team Emirates 0:01:01
3 Alexey Lutsenko (KAZ) Astana Pro Team 0:01:33
4 David Gaudu (FRA) Groupama-FDJ 0:01:48
5 Rafał Majka (POL) Bora-Hansgrohe 0:02:11
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