Mixed reactions to the bikini ban in Ras Al Khaimah
The initiative described in Bikini ban for RAK public beaches (April 23) is long overdue. The UAE should be more concerned with preserving its culture and heritage than trying to cater to the needs of tourists.
The beauty of any country is in its traditions.
If you take that away then what unique characteristics do you have to draw tourists into your land?
Alveena Salim, Dubai
Ras Al Khaimah promotes itself as a tourism and relaxation hub, and its main attraction is the beach.
Who will come to swim now?
Christina Lambi, Dubai
Why is everyone complaining?
Due to the vast amount of liberty and respect given to foreigners, expatriates keep forgetting that this country is Islamic. It is not Las Vegas.
Saif Al Suwaida, Sharjah
Women in India need protection
I am writing in reference to Soumik Mukherjee's opinion article, Indian culture, not chow mein, is to blame for sex crimes (April 21).
There seems to be a culture of impunity in India. Judging by the recent cases of sexual violence, it is not surprising that during riots women have been raped en masse.
How could India even be called a democracy when it allows such atrocities to go unpunished, or when society turns a blind eye?
The Indian entertainment industry, which often objectifies women, has a share in the blame.
In Indian culture, women - mothers, sisters - are treated in high regard by society. Unfortunately, the string of recent abuse cases in urban areas paint a picture of violence that India must address.
Joe Burns, Dubai
Tip for new mums: ask others for help
I am writing in response to the Married Life column, Here it is: proof that all parents lie (April 22).
Motherhood does come naturally as long as new parents start off by asking other mums for advice.
In hospital, shortly after having my first child, I asked the other mums for their sage wisdom. Then the next lot of new mums asked me.
Parents often compare ideas and hints and helpful tricks about raising children.
Ursula Riches, UK
'Topless' activism only does harm
We don't need 'help' of topless protesters (April 13) really grabbed my attention.
The writer, Shelina Zahra Janmohamed, has expressed clearly how the antics of a few women are not helping Muslim women who choose to be covered.
Rim Hassan, Dubai
Where's the sport in hunting resort?
I am concerned about the situation described in First hunting resort to open in UAE (March 26)
Unfortunately there are practically no more gazelles or other endangered Arabian ungulates being born in the wild in the UAE.
The animals that will be hunted in the resort will be tame, and bred in captivity. They will probably not even run if a gun is put to their heads.
This doesn't sound very sporting.
Name withheld by request
Vehicle value is hard to measure
Your article, Rare Dh14.4m Lamborghini Veneno snapped up by UAE buyer (April 22) got me thinking about value.
I've heard that Toyota is launching a special edition car which will trump even this beast; it will cost almost 100 times as much as the Corolla model it is based on.
U Ubaid, Abu Dhabi
Do more to end Myanmar violence
Myanmar unrest is 'ethnic cleansing' of Rohingya Muslim minority: HRW (April 23) was unsettling.
The on-going crisis in Myanmar and the atrocities created by the group of Buddhists killing Muslims must come to an end, and normal life must be restored as early as possible.
The recent report by Human Rights Watch detailing this ethnic violence should compel the international community to act.
K Ragavan, India
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
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.”
Killing of Qassem Suleimani
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
The Uefa Awards winners
Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)
Uefa Women's Player of the Year: Lucy Bronze (Lyon)
Best players of the 2018/19 Uefa Champions League
Goalkeeper: Alisson (Liverpool)
Defender: Virgil van Dijk (Liverpool)
Midfielder: Frenkie de Jong (Ajax)
Forward: Lionel Messi (Barcelona)
Uefa President's Award: Eric Cantona
Results
3pm: Handicap (PA) Dh40,000 (Dirt) 1,000m; Winner: Dhafra, Antonio Fresu (jockey), Eric Lemartinel (trainer)
3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel
4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri
4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson
5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri
5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi