Readers praise the Metro but say we will never abandon our cars. Jaime Puebla / The National
Readers praise the Metro but say we will never abandon our cars. Jaime Puebla / The National

Metro is great, but we still rely on private cars



The Dubai Metro should be extended as much as possible (A milestone for public transport, September 11).

However, I don’t think it has really saved so many car journeys, because anyone who has the money to get a licence and a car does so as soon as possible. Most people who use the metro don’t have cars.

My car was in a workshop for a week and, as a test, I tried to find out if I could get to work on the metro and bus. The answer was no, it’s not possible. So, like millions of others in the UAE, I have to have a car.

Tanya Milbourne, Abu Dhabi

The overarching success story is that the metro has been brought to life in spite of the many, many naysayers at the time. Well done.

Khristo Ayad, Dubai

I would rather see a railway connecting all of the emirates.

Hans Borst, Dubai

Excited about Dubai Opera

Thank you for composer Mohammed Fairouz's excellent article, Programming diversity is the key to a great opera house (September 10).

We are going to the Dubai Opera on October 8 to see Jose Carreras, and we cannot wait.

Janet Humphrey, Abu Dhabi

Being banned is not so bad

In reference to US airlines becoming a no-fly zone for Muslims (September 9), being banned from flying in America is probably the best thing that could happen to anyone.

Airline travel in America these days is like flying in a Greyhound bus.

A Bradford, Oman

This is not a big deal. Considering what horrible planes and staff the American airlines have, everyone should avoid them.

Gianmaria Vidale, Dubai

iPhone7 is less affordable here

No shades of grey in UAE over iPhone 7 (September 9) quotes Mike Priest, editor of Stuff magazine Middle East.

Priest says: “It means consumers will get the phone virtually at the same time as the US and at pretty much the same price. I think the days of huge markups on imported iPhones is probably a thing of the past.”

However, I have noticed a price difference of Dh275 for the iPhone7Plus between the United States and the UAE.

Sohail Anjum Mohammad, Dubai

Celebrating the meaning of Eid

The excitement at this time of year is wonderful (Families flock to Eid Al Adha fair, September 10).

That is what Eid is all about: sharing joy and being with both your loved ones and new friends.

However, I was a little surprised how many people think it is all about expensive clothes, luxury dinners or the biggest gifts.

Please take a moment this Eid to think about its meaning.

Christina Toebast, Dubai

The malls, cinemas, hotels, parks and beaches are going to be packed over Eid.

All the shops will have sales, but I am not one for crowded places. While I may do some quality shopping, I won’t be skipping my daily routine of a workout followed by serene yoga.

I hope that everybody remains blessed, watches their health and gets back to work feeling rejuvenated.

Mathew Litty, Dubai

Call for safety awareness

I refer to your story No issue with photographing others if child safety is at risk, says CDA head (September 6).

It is important to emphasise road safety, especially considering the high number of road accidents we see.

It seems to me that many motorists are off in their own world, driving the way they want to with no respect for anyone else.

However, I thought it was illegal to take pictures of others without their consent. Even if it is not illegal in this instance, it is not safe to take photos while driving.

So, we could be policing one dangerous practice by introducing another.

We need better ways to promote road-safety awareness.

Name withheld by request

COMPANY%20PROFILE
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COMPANY%20PROFILE
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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

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

THE BIO

BIO:
Born in RAK on December 9, 1983
Lives in Abu Dhabi with her family
She graduated from Emirates University in 2007 with a BA in architectural engineering
Her motto in life is her grandmother’s saying “That who created you will not have you get lost”
Her ambition is to spread UAE’s culture of love and acceptance through serving coffee, the country’s traditional coffee in particular.

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.”

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million