Temperatures in Dubai will dip below 40°C in the coming days, with a wet weekend in store in some parts of the UAE as the country nears the end of summer.
The National Centre of Meteorology forecasts that daytime temperatures will peak at 39°C from Friday to Sunday in Dubai, dipping to 38°C on Monday and 37°C on Tuesday. The gradual decline comes as the final day of summer – defined as September 22 by astronomers – approaches.
The start of autumn is expected to usher in a spell of cooler weather across the country after a scorching summer.
It may not be time to head back to the beach in Abu Dhabi, however, with the mercury remaining high. The NCM's latest five-day bulletin forecasts that temperatures will hit highs of 41°C in the emirate, rising to 44°C on Saturday.
Daytime temperatures are expected to reach 42°C on Sunday, before dropping to 41°C on Monday and 40°C on Tuesday.
September showers
The weather centre said convective clouds, typically followed by rain, could form in eastern areas on Saturday. It said Sunday was due to be cloudy at times, with a "probability of rainfall" in some southern and eastern areas of the UAE.
More dusty conditions could also sweep in over the next few days, with winds expected to reach up to 40kph.
Rain in the UAE - in pictures
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A rainbow at Expo 2020 Dubai on a cloudy, rainy day for much of the country from Abu Dhabi city to the Northern Emirates on Sunday, January 16. Chris Whiteoak / The National -
A worker shelters beneath an umbrella in Dubai. Chris Whiteoak / The National -
Downtown Dubai awoke to rain. Chris Whiteoak / The National -
Showers in Jumeirah, Dubai, made a day at the beach unappetising. Ruel Pableo for The National -
Cyclists brave the weather in Deira. Ruel Pableo for The National -
A car park in Dubai. Chris Whiteoak / The National -

Showers in Abu Dhabi on Sunday morning. Victor Besa / The National -

Police urged drivers to take care on the roads as rain fell across the UAE. Victor Besa / The National -

Temperatures were expected to reach a maximum of 26°C in Abu Dhabi. Victor Besa / The National -

Rain on Al Reem Island in Abu Dhabi. Victor Besa / The National -

Showers fell on various parts of Abu Dhabi before sunrise. Victor Besa / The National -

People make their way to work during the rain on Sunday morning. Victor Besa / The National -

Forecasters said it would rain throughout the day. Victor Besa / The National -

It has been an exceptionally wet start to 2022 for the UAE, with more than 18 months' worth of rain falling in only a few days earlier in the month. Victor Besa / The National -

Almost the entire Abu Dhabi emirate was blanketed in dense fog at the weekend. Victor Besa / The National -

People make their way on a street in Abu Dhabi. Victor Besa / The National -

A man crosses a road in the capital. Victor Besa / The National -

Many people were wearing warm clothes, as chilly temperatures accompanied the rains. Victor Besa / The National -

A man rides an electric bike in the rain. Victor Besa / The National -

Women make their way amid the rains. Victor Besa / The National -

An almost deserted beach in Abu Dhabi during the wet weather. Victor Besa / The National
The specs: 2018 Mercedes-AMG C63 S Cabriolet
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Engine 4.0-litre twin-turbo V8
Transmission Seven-speed automatic
Power 510hp @ 5,500rpm
Torque 700Nm @ 1,750rpm
Fuel economy, combined 9.2L / 100km
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)
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.”
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Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
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Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
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7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m
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The chef's advice
Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.
“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”
Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.
The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.
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