Tortured girl and her mother need love and support
I refer to Mira returns to mum for long recovery (April 24), about the sister of Wadeema, the girl who was tortured to death by her father.
Let's hope that her mother can face this huge challenge, and that she, too, has the support she needs on this very long journey.
My best to them both.
Monica Carver, Dubai
Congratulations to winning author
Thank you to TheNational for alerting readers to the International Prize for Arabic Fiction ('Subtle' story of class structure, April 25).
I have read excerpts from the shortlist, and have to say that The Bamboo Stalk was my favourite.
Congratulations to its author, Saud Alsanousi for winning the prize. I eagerly await the full English translation.
Adrienne Doolan, Dubai
Safety restraints are not optional
I am writing in response to Child car restraint seats simply make sense (April 24).
I would rather hear children crying in their car seats - which they will eventually get used to with some persistence and discipline - than the silence that will follow should they lose their lives in a car accident due to them not being restrained.
Seat belts and children's car seats save lives.
Jill Thompson, Abu Dhabi
Apartments no place for dogs
My family has been living in Dubai for more than 10 years.
All over the Jumeirah Beach Residence there are signs saying that no pets are allowed, but many residents keep dogs.
I have called the municipality and told security guards, but nobody will enforce the rule.
These dogs are health hazards, especially when their faeces are left on the grass, beach, roads and places where children are playing.
We will soon all end up with diseases, simply because a sign is put up but nobody is enforcing it.
People who want to have a dog should rent a villa. Having a dog in an apartment complex is not healthy for the dog or for humans.
Yasmine S, Dubai
Coming to grips with real values
I enjoy all of Asma Al Hameli's blog posts, but The worth of every man is in his attainment (April 18) is really inspiring.
As a mother I try to teach my children the value of being themselves not being what money can buy them.
Values and perceptions are so twisted now. Hopefully, future generations might have the sense to choose between happiness and money, or rather self-esteem and perceptions. U Wahab, Abu Dhabi
Bikini ban may affect tourism
I have some comments about Mixed reactions to the bikini ban in Ras Al Khaimah (April 24).
First, the comparison to Las Vegas is not valid, as that is a place primarily for gambling.
Second, young western women will always choose to wear bikinis, so if you ban them, they will not come to the UAE. Personally, I am more offended by seeing men bathing in their undergarments, which are see-through and unhygienic.
I am middle-aged, so the bikini issue does not affect me. However, I would say that if the UAE becomes inflexible on this issue, it will have a negative effect on the tourism industry.
Name withheld by request
Bombers can do the unthinkable
I refer to Bafflement over Boston bombers' motivation (April 21).
A certain percentage of the population lacks the normal range of sentiments that we normally consider "human". These people are capable of actions the rest of us consider impossible.
Thomas Bleser, US
Fast police cars glamorise speed
I am concerned about the purchase of fast cars by Dubai police (Nought to 100 kph in 2.9 seconds. feeling lucky, punk?, April 12).
What message does it really send about excessive speed and racing on the roads? That racing is cool and legal?
If a crazy driver is racing at 300kph are the police going to chase this person's vehicle at the same speed? And if the Lamborghini can't catch the speeding driver, will the police call in the Ferrari?
I think it would be better to use the money to increase normal police patrols, or to spend more on driver education.
Bassem P Fakhry, Dubai
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
If%20you%20go
%3Cp%3EThere%20are%20regular%20flights%20from%20Dubai%20to%20Kathmandu.%20Fares%20with%20Air%20Arabia%20and%20flydubai%20start%20at%20Dh1%2C265.%3Cbr%3EIn%20Kathmandu%2C%20rooms%20at%20the%20Oasis%20Kathmandu%20Hotel%20start%20at%20Dh195%20and%20Dh120%20at%20Hotel%20Ganesh%20Himal.%3Cbr%3EThird%20Rock%20Adventures%20offers%20professionally%20run%20group%20and%20individual%20treks%20and%20tours%20using%20highly%20experienced%20guides%20throughout%20Nepal%2C%20Bhutan%20and%20other%20parts%20of%20the%20Himalayas.%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
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.”
Mountain%20Boy
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Company%20Profile
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The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
UAE currency: the story behind the money in your pockets
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 720hp
Torque: 770Nm
Price: Dh1,100,000
On sale: now
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A