• MAN CITY RATINGS: Not a save to make until 71st minute and even that was a tame Elanga volley at his near post from tight angle. Easy save from Boly attempt late on. Booked after going head-to-head with Awoniyi after accusing Forest striker of trying to dive to win penalty in second half. Getty
    Ederson 7/10
    MAN CITY RATINGS: Not a save to make until 71st minute and even that was a tame Elanga volley at his near post from tight angle. Easy save from Boly attempt late on. Booked after going head-to-head with Awoniyi after accusing Forest striker of trying to dive to win penalty in second half. Getty
    MAN CITY RATINGS: Not a save to make until 71st minute and even that was a tame Elanga volley at his near post from tight angle. Easy save from Boly attempt late on. Booked after going head-to-head wi
  • Perfectly timed run and velvet touch to set-up Foden’s opener. Rare sight in second half when the City right-back was beaten for pace by Aina down. Is in top form at the moment. PA
    Kyle Walker 8/10
    Perfectly timed run and velvet touch to set-up Foden’s opener. Rare sight in second half when the City right-back was beaten for pace by Aina down. Is in top form at the moment. PA
    Perfectly timed run and velvet touch to set-up Foden’s opener. Rare sight in second half when the City right-back was beaten for pace by Aina down. Is in top form at the moment. PA
  • Match went from being walk in the park, to backs against the wall at times after Rodri sending off as Forest threw caution to the wind. Portuguese defender stood firm though and helped keep real Forest opportunities down to minimum. EPA
    Ruben Dias 8/10
    Match went from being walk in the park, to backs against the wall at times after Rodri sending off as Forest threw caution to the wind. Portuguese defender stood firm though and helped keep real Forest opportunities down to minimum. EPA
    Match went from being walk in the park, to backs against the wall at times after Rodri sending off as Forest threw caution to the wind. Portuguese defender stood firm though and helped keep real Fores
  • Big-money summer signing hardly trouble in first half although there was some wayward passing from the Croatian. Went down holding his face at one point in second half despite fact Origi kicking him in ribs. Reuters
    Josko Gvardiol 7/10
    Big-money summer signing hardly trouble in first half although there was some wayward passing from the Croatian. Went down holding his face at one point in second half despite fact Origi kicking him in ribs. Reuters
    Big-money summer signing hardly trouble in first half although there was some wayward passing from the Croatian. Went down holding his face at one point in second half despite fact Origi kicking him i
  • Booked for tripping Awoniyi right on edge of area with only fact there was covering defender preventing possible red. Apart from that, usual steady game from Swiss. AP
    Manuel Akanji 7/10
    Booked for tripping Awoniyi right on edge of area with only fact there was covering defender preventing possible red. Apart from that, usual steady game from Swiss. AP
    Booked for tripping Awoniyi right on edge of area with only fact there was covering defender preventing possible red. Apart from that, usual steady game from Swiss. AP
  • In thick of action from start with crunching tackles and sending a superb ball behind defence to find Walker and help set-up Foden’s early goal. Had ran the show from midfield then suddenly saw red straight after half-time after grabbing Gibbs-White round neck. Madness from the Portuguese. Getty
    Rodri 6/10
    In thick of action from start with crunching tackles and sending a superb ball behind defence to find Walker and help set-up Foden’s early goal. Had ran the show from midfield then suddenly saw red straight after half-time after grabbing Gibbs-White round neck. Madness from the Portuguese. Getty
    In thick of action from start with crunching tackles and sending a superb ball behind defence to find Walker and help set-up Foden’s early goal. Had ran the show from midfield then suddenly saw red st
  • Scored first City goal last weekend and ripped through Forest’s defence at will in first half here. Winger was sacrificed just after break following Rodri’s red card. Reuters
    Jeremy Doku 8/10
    Scored first City goal last weekend and ripped through Forest’s defence at will in first half here. Winger was sacrificed just after break following Rodri’s red card. Reuters
    Scored first City goal last weekend and ripped through Forest’s defence at will in first half here. Winger was sacrificed just after break following Rodri’s red card. Reuters
  • Summer signing from Wolves produced a beautiful cross to pick out Haaland for City’s second goal. Good all-round performance from Portugal midfielder. Getty
    Matheus Nunes 7/10
    Summer signing from Wolves produced a beautiful cross to pick out Haaland for City’s second goal. Good all-round performance from Portugal midfielder. Getty
    Summer signing from Wolves produced a beautiful cross to pick out Haaland for City’s second goal. Good all-round performance from Portugal midfielder. Getty
  • Cracking first-time finish to put City in front after seven minutes – after a 46-pass City move - and played key role in Haaland scoring second. Deserved standing ovation when taken off late on. EPA
    Phil Foden 8/10
    Cracking first-time finish to put City in front after seven minutes – after a 46-pass City move - and played key role in Haaland scoring second. Deserved standing ovation when taken off late on. EPA
    Cracking first-time finish to put City in front after seven minutes – after a 46-pass City move - and played key role in Haaland scoring second. Deserved standing ovation when taken off late on. EPA
  • Drove shot straight at keeper when he could have put City 3-0 up as they ran riot early on but was key figure in scintillating attacking display from City. Taken off in reshuffle after sending off. Getty
    Julian Alvarez 7/10
    Drove shot straight at keeper when he could have put City 3-0 up as they ran riot early on but was key figure in scintillating attacking display from City. Taken off in reshuffle after sending off. Getty
    Drove shot straight at keeper when he could have put City 3-0 up as they ran riot early on but was key figure in scintillating attacking display from City. Taken off in reshuffle after sending off. Ge
  • Erling Haaland of Manchester City celebrates scoring the 2-0 goal during the English Premier League soccer match between Manchester City and Nottingham Forest in Manchester, Britain, 23 September 2023. EPA/ADAM VAUGHAN EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images, no video emulation. No use in betting, games or single club/league/player publications.
    BRITAIN SOCCER
    Erling Haaland of Manchester City celebrates scoring the 2-0 goal during the English Premier League soccer match between Manchester City and Nottingham Forest in Manchester, Britain, 23 September 2023. EPA/ADAM VAUGHAN EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images, no video emulation. No use in betting, games or single club/league/player publications.
    Erling Haaland of Manchester City celebrates scoring the 2-0 goal during the English Premier League soccer match between Manchester City and Nottingham Forest in Manchester, Britain, 23 September 2023
  • SUBS: (On for Doku 52’) Brought on to add some protection in front of the defence for 10-man City, which is exactly what the England midfielder did. Getty
    Kalvin Phillips 7/10
    SUBS: (On for Doku 52’) Brought on to add some protection in front of the defence for 10-man City, which is exactly what the England midfielder did. Getty
    SUBS: (On for Doku 52’) Brought on to add some protection in front of the defence for 10-man City, which is exactly what the England midfielder did. Getty
  • (On for Alvarez 57’) Good run and ball across six-yard box that you would normally expect Haaland to finish, but the Norwegian fired over. AP
    Nathan Ake 7/10
    (On for Alvarez 57’) Good run and ball across six-yard box that you would normally expect Haaland to finish, but the Norwegian fired over. AP
    (On for Alvarez 57’) Good run and ball across six-yard box that you would normally expect Haaland to finish, but the Norwegian fired over. AP
  • (On for Foden 87’) Only on for few minutes but still managed to get himself in crossed words with several Forest players. PA
    Jack Grealish N/A.
    (On for Foden 87’) Only on for few minutes but still managed to get himself in crossed words with several Forest players. PA
    (On for Foden 87’) Only on for few minutes but still managed to get himself in crossed words with several Forest players. PA
  • NOTTINGHAM FOREST RATINGS: No chance with either goal as defence failed to contain some superb City attacking moves. Wayward finishing rather than saves from Turner kept score at 2-0. EPA
    Matt Turner 7/10
    NOTTINGHAM FOREST RATINGS: No chance with either goal as defence failed to contain some superb City attacking moves. Wayward finishing rather than saves from Turner kept score at 2-0. EPA
    NOTTINGHAM FOREST RATINGS: No chance with either goal as defence failed to contain some superb City attacking moves. Wayward finishing rather than saves from Turner kept score at 2-0. EPA
  • Helpless as Forest’s defence was ripped to shreds by fantastic City start to game. Even with 10 men, City caused the Forest defence problems with Foden in particular a constant menace. Reuters
    Moussa Niakhate 6/10
    Helpless as Forest’s defence was ripped to shreds by fantastic City start to game. Even with 10 men, City caused the Forest defence problems with Foden in particular a constant menace. Reuters
    Helpless as Forest’s defence was ripped to shreds by fantastic City start to game. Even with 10 men, City caused the Forest defence problems with Foden in particular a constant menace. Reuters
  • Brilliant sliding block to prevent Alvarez making it 3-0 as Forest desperately tried to prevent a goals avalanche in first half. Hit shot straight at Ederson in injury-time. AP
    Willy Boly 7/10
    Brilliant sliding block to prevent Alvarez making it 3-0 as Forest desperately tried to prevent a goals avalanche in first half. Hit shot straight at Ederson in injury-time. AP
    Brilliant sliding block to prevent Alvarez making it 3-0 as Forest desperately tried to prevent a goals avalanche in first half. Hit shot straight at Ederson in injury-time. AP
  • Given run around the City midfield with Doku ghosting past the Forest defender at will and would have been delighted when the Belgian went off in second half. Reuters
    Ola Aina 6/10
    Given run around the City midfield with Doku ghosting past the Forest defender at will and would have been delighted when the Belgian went off in second half. Reuters
    Given run around the City midfield with Doku ghosting past the Forest defender at will and would have been delighted when the Belgian went off in second half. Reuters
  • Was guilty of losing Haaland before Norwegian scored City’s second. Experienced Ivorian was sacrificed as Forest brough on attackers as they went chasing game in second half. EPA
    Serge Aurier 5/10
    Was guilty of losing Haaland before Norwegian scored City’s second. Experienced Ivorian was sacrificed as Forest brough on attackers as they went chasing game in second half. EPA
    Was guilty of losing Haaland before Norwegian scored City’s second. Experienced Ivorian was sacrificed as Forest brough on attackers as they went chasing game in second half. EPA
  • Caught out by Rodri’s wonderful ball over defence ahead of Foden’s opener. Booked for cynical foul on Doku to halt City counter-attack. Pulled up with what looked like a groin injury bringing an early end to torrid game for Portuguese. Getty
    Nuno Tavares 4/10
    Caught out by Rodri’s wonderful ball over defence ahead of Foden’s opener. Booked for cynical foul on Doku to halt City counter-attack. Pulled up with what looked like a groin injury bringing an early end to torrid game for Portuguese. Getty
    Caught out by Rodri’s wonderful ball over defence ahead of Foden’s opener. Booked for cynical foul on Doku to halt City counter-attack. Pulled up with what looked like a groin injury bringing an early
  • Booked for late challenge on Rodri at end of a first-half where Forest’s midfield had been chasing shadows from start to finish. EPA
    Ibrahim Sangare 6/10
    Booked for late challenge on Rodri at end of a first-half where Forest’s midfield had been chasing shadows from start to finish. EPA
    Booked for late challenge on Rodri at end of a first-half where Forest’s midfield had been chasing shadows from start to finish. EPA
  • Like rest of teammates, helpless in face of a fantastic opening 45 minutes of football from City. Fired first-time effort way over bar from edge of area just after break. Booked for foul on Foden later in half. Reuters
    Orel Mangala 6/10
    Like rest of teammates, helpless in face of a fantastic opening 45 minutes of football from City. Fired first-time effort way over bar from edge of area just after break. Booked for foul on Foden later in half. Reuters
    Like rest of teammates, helpless in face of a fantastic opening 45 minutes of football from City. Fired first-time effort way over bar from edge of area just after break. Booked for foul on Foden late
  • Argentine couldn’t get near City’s midfield until Rodri’s sending off. Sent first-time shot wide of target from edge of area in second half. AP
    Nicolas Dominguez 5/10
    Argentine couldn’t get near City’s midfield until Rodri’s sending off. Sent first-time shot wide of target from edge of area in second half. AP
    Argentine couldn’t get near City’s midfield until Rodri’s sending off. Sent first-time shot wide of target from edge of area in second half. AP
  • Bundled over by Akanji in rare Forest attack in first half when almost through on goal. Had another opportunity in first-half injury-time but control let him down before getting shot away. Booked after clash with Ederson after break. EPA
    Taiwo Awoniyi 5/10
    Bundled over by Akanji in rare Forest attack in first half when almost through on goal. Had another opportunity in first-half injury-time but control let him down before getting shot away. Booked after clash with Ederson after break. EPA
    Bundled over by Akanji in rare Forest attack in first half when almost through on goal. Had another opportunity in first-half injury-time but control let him down before getting shot away. Booked afte
  • Saw free-kick on edge in first half are take big deflection wrong-footing Ederson but spinning out for corner. Went down theatrically after Rodri put hands round his throat. Picked up booking in same incident and was jeered by City fans for rest of game. Getty
    Morgan Gibbs-White 5/10
    Saw free-kick on edge in first half are take big deflection wrong-footing Ederson but spinning out for corner. Went down theatrically after Rodri put hands round his throat. Picked up booking in same incident and was jeered by City fans for rest of game. Getty
    Saw free-kick on edge in first half are take big deflection wrong-footing Ederson but spinning out for corner. Went down theatrically after Rodri put hands round his throat. Picked up booking in same
  • SUBS: (On for Tavares 42’) Fine tracking back followed by vital sliding challenge to prevent Foden crossing ball to Haaland in second-half City counter-attack. EPA
    Gonzalo Montiel 7/10
    SUBS: (On for Tavares 42’) Fine tracking back followed by vital sliding challenge to prevent Foden crossing ball to Haaland in second-half City counter-attack. EPA
    SUBS: (On for Tavares 42’) Fine tracking back followed by vital sliding challenge to prevent Foden crossing ball to Haaland in second-half City counter-attack. EPA
  • (On for Sangare 56’) Former Manchester United player ignored the home fans’ jeers and went close to pulling one back in injury-time only to be denied by excellent Ederson save. Getty
    Anthony Elanga 7/10
    (On for Sangare 56’) Former Manchester United player ignored the home fans’ jeers and went close to pulling one back in injury-time only to be denied by excellent Ederson save. Getty
    (On for Sangare 56’) Former Manchester United player ignored the home fans’ jeers and went close to pulling one back in injury-time only to be denied by excellent Ederson save. Getty
  • (On for Aurier 56) Scored cracker against Burnley last week but couldn’t produce same when Forest desperately needed that cutting edge here. EPA
    Callum Hudson-Odoi 5/10
    (On for Aurier 56) Scored cracker against Burnley last week but couldn’t produce same when Forest desperately needed that cutting edge here. EPA
    (On for Aurier 56) Scored cracker against Burnley last week but couldn’t produce same when Forest desperately needed that cutting edge here. EPA
  • (On for Awoniyi 75’) No opportunity for big striker to make an impact. Reuters
    Chris Wood 5/10
    (On for Awoniyi 75’) No opportunity for big striker to make an impact. Reuters
    (On for Awoniyi 75’) No opportunity for big striker to make an impact. Reuters
  • (On for Aina 75’) Another attacking sub by Forest but another who could not drag team back into contest. EPA
    Divock Origi 5/10
    (On for Aina 75’) Another attacking sub by Forest but another who could not drag team back into contest. EPA
    (On for Aina 75’) Another attacking sub by Forest but another who could not drag team back into contest. EPA

Man City v Nottingham Forest player ratings: Foden 8, Haaland 7; Tavares 4, Boly 7


  • English
  • Arabic

Pep Guardiola admitted he was angry with Rodri after the influential midfielder was sent off in Manchester City’s 2-0 win over Nottingham Forest.

The Spain international was dismissed early in the second half of Saturday’s Premier League clash at the Etihad Stadium after raising his hands to the neck of Forest’s Morgan Gibbs-White.

Rodri protested at the time, and there was a delay before referee Anthony Taylor’s decision was upheld by VAR, and Guardiola claimed there could be no excuses for his conduct.

The City manager said: “Hopefully Rodri will learn. The game was perfect with 35 minutes gone and after it became chaos.

“That’s not our responsibility, that’s for sure, but Rodri has to control himself and his emotions. I can get a yellow card but Rodri can’t. I don’t play.

“I said at half-time, ‘Be careful guys, relax, control your emotions’. Unfortunately, Rodri could not do it. Now we have to accept the decisions.”

Asked if he was angry with Rodri, Guardiola said: “Yes. I don’t like to play with 10 for our faults. He has apologised.”

City saw out the closing stages to make it six straight Premier League wins and move five points clear with their rivals all not in action until Sunday.

Check out the photo gallery above for the player ratings from the Etihad Stadium. To move on to the next photo, click on the arrows or swipe if using a mobile device.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

MATCH INFO

Euro 2020 qualifier

Croatia v Hungary, Thursday, 10.45pm, UAE

TV: Match on BeIN Sports

Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

Race results:

1. Thani Al Qemzi (UAE) Team Abu Dhabi: 46.44 min

2. Peter Morin (FRA) CTIC F1 Shenzhen China Team: 0.91sec

3. Sami Selio (FIN) Mad-Croc Baba Racing Team: 31.43sec

Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.

  • It’s So Easy
  • Mr Brownstone
  • Chinese Democracy
  • Welcome to the Jungle
  • Double Talkin’ Jive
  • Better
  • Estranged
  • Live and Let Die (Wings cover)
  • Slither (Velvet Revolver cover)
  • Rocket Queen
  • You Could Be Mine
  • Shadow of Your Love
  • Attitude (Misfits cover)
  • Civil War
  • Coma
  • Love Theme from The Godfather (movie cover)
  • Sweet Child O’ Mine
  • Wichita Lineman (Jimmy Webb cover)
  • Wish You Were Here (instrumental Pink Floyd cover)
  • November Rain
  • Black Hole Sun (Soundgarden cover)
  • Knockin’ on Heaven’s Door (Bob Dylan cover)
  • Nightrain

Encore:

  • Patience
  • Don’t Cry
  • The Seeker (The Who cover)
  • Paradise City
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

 

 

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

 

 

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.”

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

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 

Name: Colm McLoughlin

Country: Galway, Ireland

Job: Executive vice chairman and chief executive of Dubai Duty Free

Favourite golf course: Dubai Creek Golf and Yacht Club

Favourite part of Dubai: Palm Jumeirah

 

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

AT%20A%20GLANCE
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More from Armen Sarkissian
RESULTS

5pm: Maiden | Dh80,000 |  1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Handicap |  Dh80,000 |  1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel

6pm: Handicap |  Dh80,000 |  2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle

6.30pm: Handicap |  Dh85,000 |  2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel

7pm: Shadwell Farm for Private Owners Handicap |  Dh70,000 |  2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi

7.30pm: Handicap (TB) |  Dh100,000 |  1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly

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

UAE currency: the story behind the money in your pockets
It's up to you to go green

Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.

“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”

When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.

He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.

“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.

One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.  

The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.

Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.

But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

Updated: September 24, 2023, 4:38 AM