Falcon merchants and breeders have been attending an auction in Abu Dhabi, where birds of prey changed hands for tens of thousands of dirhams.
Dozens of falcons were on sale at the Abu Dhabi National Exhibition Centre, before the 20th Abu Dhabi International Hunting and Equestrian Exhibition begins on August 30.
Four of this year's eight lots take place before the nine-day main event, which runs until September 7, with more than 1,000 falcons being assessed.
One of the first to buy a bird on Sunday night was Mubarak Al Amri, from Abu Dhabi, who collects falcons to use for hunting. He bought two at the auction – for Dh22,000 ($5,990) and Dh38,000, respectively.
“The auction is an easy way to own the best falcons. It attracts many merchants and collectors,” he said.
“Falconry is not a new practice or sport. There is a great connection between humans and these birds. In the past, life was harsh, birds were used for hunting to provide food to people. Pedigree birds of prey decorate the country's logos. It is a sign of pride.”
Hunting for deals
In total, nine falcons sold for Dh336,000 on Sunday evening. The highest bid was for a Gyrfalcon from the N1 falcon farm in the UAE, which went for Dh90,000.
Saif Al Meqbaly, 48, from Abu Dhabi, was also among those looking for a prized bird of prey. He already owns three birds and uses them for hunting and in competitions.
“I have been in love with falcons for the past 32 years,” he said. “The auction is a gateway to meet and get to know other enthusiasts in the UAE and around the globe.
“Collecting falcons is a hobby of our fathers and ancestors. We have a strong bond with these birds. Falcons are part of our heritage and tradition.”
The second round of the auction takes place from August 23 to 24. The remaining events will be held on August 30 and 31, with the final lots scheduled for September 6 and 7.
For 4,000 years, Bedouin in the UAE and the wider Arabian Peninsula have practised falconry as a form of hunting. It remains a popular sport and pastime and is a key feature of the UAE’s identity.
In 2023, a prized falcon fetched Dh600,000 at an auction held during the exhibition. A year earlier, a bidder spent Dh1.01 million for a Pure Gyr American ultra-white falcon.
In addition to in-person falcon auctions, a secure online platform will be launched on the opening day of the exhibition. The move aims to boost participation from local and international bidders.
The exhibition is to feature events displaying falconry, hunting, equestrian sports and fishing, as well as promoting environmental preservation and the UAE's culture.
What is Genes in Space?
Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
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Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
IF YOU GO
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info
Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.
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MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
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.”
Company%20profile
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