If, as we are now told, food is the new rock ‘n’ roll, then Philippe Massoud is riding high in the charts. The 44-year-old New York-based Lebanese restaurateur is the creative force behind Ilili – or “tell me” – the Fifth Avenue restaurant that is credited with taking Lebanese cuisine out of the ethnic ghetto and into the hearts and mouths of the city’s ravenous foodies.
Mr Massoud is leading a growing crop of hospitality entrepreneurs taking Lebanese and other eastern Mediterranean influences – a movement started by the food writer and chef Yotam Ottolenghi – to a new tranche of consumers. Not only is this in and of itself good news for Lebanese food, which is ideally suited to today’s health-conscious diets, it is a powerful ambassador for a country that has always had a tricky image problem.
In London, the Algerian marathon-running restaurateur Tony Kitous is rapidly turning Comptoir Libanais into a global brand, while in the foodie heaven that is Borough Market, James Walters’ Arabica Bar and Kitchen is packing them in by fusing Turkish, Lebanese, Iranian and Israeli influences. In Copenhagen, the Michelin star brothers Mikkel and Sammy Shaffi have married Lebanon with lounge at Manzel. In all cases, the dining experience may make you want to hop on the next plane to the Levant.
It’s happy hour on Friday night on Fifth Avenue and the well-heeled Manhattanites are propping up the bar. “I never wanted to open a Baba Philippe falafel joint,” Mr Massoud says at his offices above Fifth Avenue. “Integrity underpins everything we do. Ilili is made in New York, by New Yorkers, for New Yorkers. I wanted it to be up there with Balthazar, Zuma, Pastis and Spice Market. I want it to be a successful restaurant before a Lebanese restaurant, but in adopting this approach we have taken Lebanese food to a new level.”
Two years ago, he opened Ilili Box, a gourmet fast food concept, and The Village Voice promptly voted his falafel the best of 2014. Mr Massoud admits that its success has caused something of an, albeit happy, dilemma. “At some point we’ll have to separate the two concepts, probably by developing a brand for Ilili Box.”
But it was never always thus. Mr Massoud came to the United States in 1985 from civil war-ravaged Beirut, where his family owned the Coral Beach Resort in south Beirut. He was just 14. He wanted to open his first restaurant at 23, but “no one took me seriously so I got a job and learnt the business from a front of house perspective. The cooking I always knew, but I needed to understand the logistics”.
In 2000, Mr Massoud once again dipped his toe in the entrepreneurial waters and opened the successful Nayla (named after his sister) in Washington. Ilili opened in November 2007 and today is an US$8 million to $10m operation employing as many as 160 staff at any one time. Mr Massoud is looking at Dubai, London, LA and other locations in New York, but the “dream” is to one day be in Lebanon.
“I would open in Beirut tomorrow if I knew the situation was stable, not just to have a presence, but to set up some kind of culinary exchange and initiate a debate on [our culinary heritage]. At Ilili we respect the tradition but we are not slaves to it. Too often we Lebanese are held back by what we perceive to be the correct way to prepare our dishes, but I have always wondered whose authority binds us to these rules. Innovation is everything. We’re at version five of our hummus and version seven of our tabbouleh. The dressings have changed six times. We’re in a perpetual state of R&D.”
But at the end of the day, it is hard to totally shake off the Lebanon factor. “In many cases people find out about us because typically they have a Lebanese friend; they were taken here and then they come back by themselves or with another group. So in that way [the Lebanese] are all ambassadors, because even if most of the time we are often distressed by the issues our country inflicts on us, at the same time we are so blown away by its potential. The US gave me the chance of a new life but I’m still Lebanese and I represent my country with my food.”
Michael Karam is a freelance writer who lives between Beirut and Brighton
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
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.”
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
MEYDAN CARD
6.30pm Al Maktoum Challenge Round-1 Group One (PA) US$65,000 (Dirt) 1,600m
7.05pm Handicap (TB) $175,000 (Turf) 1,200m
7.40pm UAE 2000 Guineas Trial Conditions (TB) $100,000 (D) 1,600m
8.15pm Singspiel Stakes Group Two (TB) $250,000 (T) 1,800m
8.50pm Handicap (TB) $135,000 (T) 1,600m
9.25pm Al Maktoum Challenge Round-1 Group Two (TB) $350,000 (D) 1,600m
10pm Dubai Trophy Conditions (TB) $100,000 (T) 1,200m
10.35pm Handicap (TB) $135,000 (T) 1,600m
The National selections:
6.30pm AF Alwajel
7.05pm Ekhtiyaar
7.40pm First View
8.15pm Benbatl
8.50pm Zakouski
9.25pm: Kimbear
10pm: Chasing Dreams
10.35pm: Good Fortune
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates