It was the Year of Zayed when I arrived in Abu Dhabi on a summer’s day in August 2018. From the airport road going to the Dusit Thani, my temporary home, I saw giant pictures of the face of a charismatic and dignified-looking man emblazoned on buildings and other structures lining the thoroughfare.
My first impression? The eyes on that face had the gaze of a man who was full of wisdom. I would soon discover in the next four and a half years that the vision that came from those eyes would be a new lens through which I, as an ambassador, could write a new narrative for relations between the Philippines and the UAE.
As far back as when the UAE was a newly formed federation, Filipinos have been coming here and were being welcomed by Emiratis with open arms. Filipinos were one of the many groups of foreign citizens who helped build the foundations of UAE’s cities and urban landscapes, as well as helping the country in its journey towards modernisation.
As the third-largest expatriate population in the UAE, Filipinos were always acknowledged as having played a large role in the country’s success story. As a group, they represented a strong yarn in the knitting of the UAE’s social fabric.
But as the new ambassador then, I wanted the bilateral ties to go beyond labour co-operation by developing a more multifaceted partnership. The usual question being posed to me was: "How come Philippines-UAE bilateral relations have not really progressed to a higher level when in fact there should be so much potential given the large number of Filipinos in the UAE?"
This was where my work as an ambassador came into the picture and where UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan’s vision became a driving force. I did not know much of what transpired before 2018 – what I know was the four years that followed made me a witness to the most dynamic pace any nation could tread in that short span of time. Many dreams were being fulfilled, many feats were being achieved, and, yes, many firsts were being recorded.
Driven and animated by the strong vision of Sheikh Zayed as the Founding Father, UAE was making history left and right: hosting Expo 2020 Dubai – the first World’s Fair to be held in the Middle East; launching the Hope probe, making UAE the first Arab nation to succeed in putting a spacecraft into orbit above Mars on its first attempt; signing the Abraham Accords, which are becoming the catalyst for wider change in the Middle East; and mobilising large-scale, highly effective, worldwide humanitarian assistance during the pandemic.
As ambassadors, we were given front-row seats to see the bold and trailblazing forays of this relatively young nation. The vista from my seat was becoming wider, with a clear view of the horizon. These series of developments inspired me to climb higher and seek the possibilities of what our two countries could do together.
As ambassador, I began to find ways to build bridges of co-operation on never-before explored territory. On the back of the enormous goodwill generated by the strong presence of Filipinos in this country, I found receptiveness on the part of the UAE to build a relationship with the Philippines not only in the areas of consular matters and culture but also in new and exciting areas such as space technology, artificial intelligence, defence, investment protection and promotion, agriculture and food security, as well as protection of the environment.
I am deeply grateful to the UAE leadership because they made an ambassador like me feel that I am a co-bearer of shared dreams
Having undertaken these from 2018 to 2022, from the perspective of our 48-year diplomatic relationship, we can say that there has been unprecedented growth in the bilateral relations between our two countries in the past four and a half years.
What makes UAE different is that it provides many platforms and countries can choose to engage with it in a very close, comprehensive and strategic manner. For example, Expo 2020 Dubai provided the backdrop for Philippine delegations from our science and technology agencies to meet their counterparts from the UAE Office of the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and begin talks for an agreement on advanced technology.
It was also where Philippines-UAE talks on the Comprehensive Economic Partnership Agreement were initiated and formalised, as well as where negotiations on the deal for Investment Protection and Promotion Agreement began. This was eventually signed at the Ministry of Economy in Dubai on June 9, 2022.
The Abu Dhabi Space Debate on December 5, 2022 was the venue where the Philippine Space Agency and the UAE Space Agency signed an agreement on space co-operation.
The International Defence Exposition and Conference – Idex – hosted by the UAE in 2020 was also the take-off point for my initiative to partner with Edge's Abu Dhabi Shipbuilding Corporation and lead a delegation to visit big, state-of-the-art shipyards in the Philippines and develop co-operation in the area of defence.
With this flurry of bilateral activities, I signed the Philippines-UAE agreement on agriculture on June 28, 2022 with Ministry of Climate Change and Environment. This would allow the two countries to work together on oil science and management, biotechnology, post-harvest, agriculture research & development.
I also signed a bilateral agreement on consular co-operation at the Ministry of Foreign Affairs and International Co-operation on April 7, 2021, thus strengthening the framework of co-operation for the protection of our respective nationals in each other’s countries.
Another memorable activity was to celebrate the 48th anniversary of our diplomatic relations with the joint planting of mangrove trees on Jubail Island in Abu Dhabi to show solidarity in achieving the pledge to plant 100 million mangroves to greenify the country and as a strategic move to achieve net zero by 2050.
I am deeply grateful to the UAE leadership because they made an ambassador like me feel that I am a co-bearer of shared dreams. It was not a solo affair, and diplomacy and partnership are values that they strongly upheld. On my last day as ambassador to the United Arab Emirates, I can really say that my eyes have been opened to the vast opportunities for co-operation that can be developed between our two countries. Yes, much work remains to be done but the leverage that the strong ties between our two peoples provide will allow our relations to flourish and soar to greater heights.
In my speech at a gala event honouring the Philippines-UAE cultural collaboration that allowed the showcasing of golden Philippine artefacts at Louvre Abu Dhabi in December 2022, I remarked that the gold we celebrate is more than just the sophisticated remnants of a glorious past. It is the gold that we find in everyday interactions. The Philippines and the UAE struck gold when our people discovered that bond of friendship, which paved the way for me, as Philippine ambassador, to explore these new areas of collaboration with the UAE. And I can say with a heart full of hope that we have only just begun.
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A list of the animal rescue organisations in the UAE
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'Cheb%20Khaled'
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2024%20Dubai%20Marathon%20Results
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J%20Street%20Polling%20Results
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The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
THE BIO:
Sabri Razouk, 74
Athlete and fitness trainer
Married, father of six
Favourite exercise: Bench press
Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn
Power drink: A glass of yoghurt
Role model: Any good man
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
Zayed Sustainability Prize
More on animal trafficking
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Read more about the coronavirus
The Bio
Name: Lynn Davison
Profession: History teacher at Al Yasmina Academy, Abu Dhabi
Children: She has one son, Casey, 28
Hometown: Pontefract, West Yorkshire in the UK
Favourite book: The Alchemist by Paulo Coelho
Favourite Author: CJ Sansom
Favourite holiday destination: Bali
Favourite food: A Sunday roast
Mohammed bin Zayed Majlis
Mohammed bin Zayed Majlis
MATCH INFO
Rajasthan Royals 158-8 (20 ovs)
Kings XI Punjab 143/7 (20 ovs)
Rajasthan Royals won by 15 runs
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
Reading: Is immersed in books on colours to understand more about the usage of different shades
Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus
Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
First Person
Richard Flanagan
Chatto & Windus
RESULTS
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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.”
Reputation
Taylor Swift
(Big Machine Records)
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design