An elevator tower at Ghibli Park, Nagakute, which will open next month. AFP
An elevator tower at Ghibli Park, Nagakute, which will open next month. AFP
An elevator tower at Ghibli Park, Nagakute, which will open next month. AFP
An elevator tower at Ghibli Park, Nagakute, which will open next month. AFP

What's new in Japan in 2022: from Studio Ghibli's theme park to Onsen-bound bullet train


Hayley Skirka
  • English
  • Arabic

Although Japan has been closed to tourists for the last 30 months, there’s been plenty going on to prepare for their return.

Having imposed some of the strictest Covid-19 rules, the nation had plenty of time to prepare for its reopening.

“Japan, including the various regions, industry partners and the Japan National Tourism Organisation has been preparing for the opening of the border during the last two and half years,” Daisuke Kobayashi, executive director at Japan National Tourism Organisation Dubai, told The National.

“We are pleased to finally welcome back tourists from all over the world.”

Vaccinated travellers can visit Japan and visa-free travel is open to visitors from 68 countries. Even better, the country has opened just in time for its beautiful koyo season, when it turns all shades of red, gold and orange and people take part in the ritual of Momijigari — or maple leaf hunting.

If you're thinking of taking a trip to the land of the rising sun, here are 10 new attractions worth keeping on your radar.

1. Studio Ghibli theme park — opening November 1

The Grand Warehouse at Ghibli Park. Photo: Tomohiro Ohsumi / Getty Images / Studio Ghibli
The Grand Warehouse at Ghibli Park. Photo: Tomohiro Ohsumi / Getty Images / Studio Ghibli

Possibly the most anticipated Japanese attraction to open in recent years, Ghibli Park is the official theme park of Studio Ghibli — the world-famous creators of hit anime Princess Mononoke and Spirited Away. It’s opening its doors on November 1 on the grounds of the Aichi Earth Expo Memorial Park in the Aichi prefecture and promises to offer a different kind of theme park, with no big attractions or fairground rides in sight. Instead, visitors are encouraged to explore the forest-laden area and attractions that blend seamlessly with their surroundings.

The Hill of Youth and Dondoko Forest will be the first attractions to open alongside Ghibli’s Grand Warehouse — a cavern of studio artefacts and memorabilia — that will allow visitors to delve deeper into the mystical world of Studio Ghibli.

Tourists keen to visit in the opening months need to plan ahead, the demand for the park has been so intense that they've introduced a lottery-based ticket booking system that requires early planning and a bit of luck.

2. Shinhotaka Ropeway in Japan's Northern Alps — reopening October 19

The Shinhotaka Ropeway reopens later this month. Photo: JNTO
The Shinhotaka Ropeway reopens later this month. Photo: JNTO

The Shinhotaka Ropeway in the Gifu prefecture in Central Honshu is one of Japan's most unique attractions. Scheduled to reopen next Wednesday following renovation work, it climbs 1,000 metres up the side of the Hotaka Mountain Range and is the country’s only cableway with double-decker gondola cars, meaning everyone riding can enjoy the views.

The gondola leads to the observation deck at the top where a new viewing platform set more than 2,000 metres above sea level awaits. Here, visitors can enjoy an unforgettable panoramic view of Japan’s Northern Alps. If the weather is nice, visitors can head out on the surrounding walking trail for a chance to connect with the region's vivid autumn foliage.

3. A new bullet train taking travellers from hot springs to Nagasaki

The new Shinkansen line passes by Omura Bay on Japan's Kyushu island. AFP
The new Shinkansen line passes by Omura Bay on Japan's Kyushu island. AFP

Japan is famed for its sleek, shiny, superfast Shinkansen trains and Brad Pitt's latest film Bullet Train only further fuelled the world's obsession with the ultra-efficient vehicles. The latest addition to the high-speed network is one that will resonate with tourists. The Nishi-Kyushu line opened in September and spans 65 kilometres from Fukuoka — the birthplace of Hakata ramen — to the capital of Nagasaki, a Unesco heritage-filled port city filled with history.

Travelling at speeds of up to 320 kilometres per hour, travellers can whizz between the destinations in less than 20 minutes, meaning the quaint hot spring town of Takeo Onsen and the new Goto Retreat Ray hotel on the Goto Islands in Nagasaki are within easy reach.

4. Ento Hotel on Unesco Geopark Oki Island

The wilds of the Oki Islands offer amazing natural scenery with cedar-populated mountains, Japan’s highest sea cliffs and impressive jagged rock formations. Travellers visiting the archipelago now have the option to stay overnight at the Unesco Geopark — one of only eight in Japan — thanks to the launch of Ento Hotel last year.

Offering a digital detox for guests, the eco-friendly property has floor-to-ceiling windows that make the most of the surrounding natural scenery and there’s an on-site education centre where travellers can find out more about these rugged outcrops. A stunning indoor onsen is a perfect spot to unwind while the hotel's restaurant serves a variety of local dishes with ingredients harvested from across the Oki Islands.

5. Tokyo’s revamped Shibuya

The famed Shibuya crossing in Tokyo. AP
The famed Shibuya crossing in Tokyo. AP

Tokyo’s Shibuya is easily recognisable thanks to its huge and much-photographed pedestrian crossing and its bronze statue of Hachiko, an akita dog that used to wait at Shibuya train station each day for his owner to return from work. With a reputation as a fashion and pop-culture hub, Shibuya has undergone many changes over the last two years and visitors heading to the ward this year will find plenty of updates.

There are several new skyscrapers, including Stream, which houses shops, art events and a boutique hotel, and The Scramble Square. The latter opened in late 2019 in what used to be a bus station and has been waiting for its influx of international visitors. It has a 46th-floor observatory where travellers can find some of the best views of western Tokyo. There's also Miyashita Park, which underwent a large renovation in 2020 and is now home to a skateboard park, beach volleyball courts, a bouldering wall and manicured lawns where the grass is cut by robots.

6. Super Nintendo World inside Universal Studios Japan

Mario and Luigi characters greet visitors inside Super Nintendo World at the Universal Studios Japan theme park in Osaka, Japan. Reuters
Mario and Luigi characters greet visitors inside Super Nintendo World at the Universal Studios Japan theme park in Osaka, Japan. Reuters

Having opened last year, most international visitors have not yet had the chance to go to the world’s first theme park based on Nintendo’s hugely popular video game franchise. Located inside Universal Studios Japan, the experiential park gives Mario fans the chance to race on the first interactive Mario Kart-themed "roads" alongside Luigi, Princess Peach and friends. There’s also a Yoshi Adventure ride that whisks people around the park on an action-packed treasure hunt. Stop to refuel at Kinopio’s cafe, led by Chef Toad, and then go explore Mushroom Kingdom and Peach’s castle.

7. Hot new hot spring hotels — opening November

Kai Izumo will open next month with hot springs and first-rate hospitality. Photo: Hoshino Resorts
Kai Izumo will open next month with hot springs and first-rate hospitality. Photo: Hoshino Resorts

This November, Hoshino Resorts is launching two new hot spring ryokan — Kai Izumo in the Shimane prefecture and Kai Unzen in Nagasaki prefecture. Both regions are already well-known for their hot springs and the hotel group will add its unique cultural programmes to the offerings, including tea tastings, Japanese kenjutsu (swordplay), and traditional arts.

Travellers staying at Kai properties can look forward to a contemporary take on a traditional Japanese inn, blended with Western-style comforts. Kai Izumo guests can enjoy a coastal escape in an area that’s steeped in Japanese mythology and where rooms come with perfect ocean views. Meanwhile, at Kai Unzen, designers have blended touches of Japanese, Chinese and Dutch design in an area that’s as known for its rich history as it is for its hot vapour-laden pools.

8. Hokkaido’s ever-changing winter offerings

Famed for snow and skiing, Hokkaido is Japan’s largest and northernmost prefecture and has been missing tourists for the last two ski seasons. During this time, authorities have been busy upgrading it. In the Hanazono area, the popular Niseko ski resort has an entirely new set of runs, restaurants and a pet-friendly community space called The Yard Niseko. There’s also the Hanazono Symphony Gondola, a brand-new high-tech gondola with cabins for 10.

Visitors also have plenty of new places to stay in the region including the tiny Nipponia Hotel Hakodate Porrttown in the heart of Hakodate's historic bay area and Onsen Ryokan Yuen Sapporo for those seeking the ultimate in snow-surrounded luxury.

9. Marufukuro hotel in Nintendo’s old Kyoto headquarters

Set in what was the first head office of Nintendo in Kyoto, Marufukuro is a boutique-style 18-room hotel that opened its doors in April. After sitting empty for more than half a century, the art deco building found a new lease of life by way of this all-inclusive property.

Designers retained many of the building’s original 1930 elements, including decorative tiling, Art Deco light fixtures and entrance plaques. The hotel’s window grilles are patterned with details from old Nintendo playing cards, a nod to the company’s origins. There’s also a newly built annexe, designed by Tadao Ando — famed for his minimalist aesthetic and love of natural materials. Guests can dine in the hotel’s signature restaurant, visit its newly installed sleek bar, or unwind at the spa and gym in this timeless property set between the Kamo and Takase rivers in heart of Kyoto.

10. Nakanoshima Museum of Art in Osaka

Looking like a shiny black box that's been set down in the heart of Osaka, the Nakanoshima Museum of Art opened in February. The long-awaited museum (the project was first conceived more than 40 years ago) of modern art and design is home to Japan’s largest collection of contemporary art, which is spread across five storeys in this playful cube-like building set along a river on the Nakanoshima sandbar.

Visitors can wander its vast halls and explore more than 8,000 works by Japanese and international artists including work by Yuzo Saeki, Amedeo Modigliani, Henri de Toulouse-Lautrec and Alphonse Mucha.

Japan's sakura trees bloom in pink - in pictures

  • Cherry blossoms in full bloom at the moat near the Imperial Palace in Chidorigafuchi, Tokyo. AP
    Cherry blossoms in full bloom at the moat near the Imperial Palace in Chidorigafuchi, Tokyo. AP
  • The Japan Meteorological Agency declared the full bloom of cherry blossoms in the capital in March 2022. EPA
    The Japan Meteorological Agency declared the full bloom of cherry blossoms in the capital in March 2022. EPA
  • Cherry blossoms in Japan often bloom between late March and mid-April. Reuters
    Cherry blossoms in Japan often bloom between late March and mid-April. Reuters
  • A newlywed couple stand under cherry blossoms in Tokyo. EPA
    A newlywed couple stand under cherry blossoms in Tokyo. EPA
  • Authorities imposed restrictions in parks where cherry blossoms bloom owing to the Covid-19 pandemic. Reuters
    Authorities imposed restrictions in parks where cherry blossoms bloom owing to the Covid-19 pandemic. Reuters
  • Visitors envoy the view at the Chidorigafuchi moat. AP
    Visitors envoy the view at the Chidorigafuchi moat. AP
  • Authorities in Tokyo declared the first bloom on March 20, 2022. EPA
    Authorities in Tokyo declared the first bloom on March 20, 2022. EPA
  • Blossoms of the Somei-Yoshino variety came to full bloom in Tokyo four days earlier than on an average year. AP
    Blossoms of the Somei-Yoshino variety came to full bloom in Tokyo four days earlier than on an average year. AP
  • It was the first variety of cherry blossom to come to full bloom in Japan in 2022. AP
    It was the first variety of cherry blossom to come to full bloom in Japan in 2022. AP
  • The bloom only lasts for about a week and marks the beginning of spring in Japan. Getty
    The bloom only lasts for about a week and marks the beginning of spring in Japan. Getty
  • Cherry blossoms came to full bloom five days later than the previous year. AFP
    Cherry blossoms came to full bloom five days later than the previous year. AFP
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

South Africa v India schedule

Tests: 1st Test Jan 5-9, Cape Town; 2nd Test Jan 13-17, Centurion; 3rd Test Jan 24-28, Johannesburg

ODIs: 1st ODI Feb 1, Durban; 2nd ODI Feb 4, Centurion; 3rd ODI Feb 7, Cape Town; 4th ODI Feb 10, Johannesburg; 5th ODI Feb 13, Port Elizabeth; 6th ODI Feb 16, Centurion

T20Is: 1st T20I Feb 18, Johannesburg; 2nd T20I Feb 21, Centurion; 3rd T20I Feb 24, Cape Town

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

EA Sports FC 25
SPECS
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On Instagram: @WithHopeUAE

Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

MATCH INFO

Manchester City 6 Huddersfield Town 1
Man City: Agüero (25', 35', 75'), Jesus (31'), Silva (48'), Kongolo (84' og)
Huddersfield: Stankovic (43')

TEACHERS' PAY - WHAT YOU NEED TO KNOW

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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%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
RESULTS: 2018 WORLD CUP QUALIFYING - EUROPE

Albania 0 Italy 1
Finland 2 Turkey 2
Macedonia 4 Liechtenstein
Iceland 2 Kosovo 0
Israel 0 Spain 1
Moldova 0 Austria 1
Serbia 1 Georgia 0
Ukraine 0 Croatia 2
Wales 0 Ireland 1

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

PLAY-OFF%20DRAW
%3Cp%3EBarcelona%20%20v%20Manchester%20United%0D%3Cbr%3E%0D%3Cbr%3EJuventus%20v%20Nantes%20%0D%3Cbr%3E%0D%3Cbr%3ESporting%20Lisbon%20v%20Midtjylland%20%0D%3Cbr%3E%0D%3Cbr%3EShakhtar%20Donetsk%20v%20Rennes%20%0D%3Cbr%3E%0D%3Cbr%3EAjax%20v%20Union%20Berlin%0D%3Cbr%3E%0D%3Cbr%3EBayer%20Leverkusen%20v%20Monaco%20%0D%3Cbr%3E%0D%3Cbr%3ESevilla%20v%20PSV%20Eindhoven%0D%3Cbr%3E%0D%3Cbr%3ESalzburg%20v%20Roma%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

The biog

Date of birth: 27 May, 1995

Place of birth: Dubai, UAE

Status: Single

School: Al Ittihad private school in Al Mamzar

University: University of Sharjah

Degree: Renewable and Sustainable Energy

Hobby: I enjoy travelling a lot, not just for fun, but I like to cross things off my bucket list and the map and do something there like a 'green project'.

How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Super Rugby play-offs

Quarter-finals

  • Hurricanes 35, ACT 16
  • Crusaders 17, Highlanders 0
  • Lions 23, Sharks 21
  • Chiefs 17, Stormers 11

Semi-finals

Saturday, July 29

  • Crusaders v Chiefs, 12.35pm (UAE)
  • Lions v Hurricanes, 4.30pm
UAE currency: the story behind the money in your pockets
If you go…

Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.

Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days. 

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%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3EMax%20Inferno%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20Mac%2C%20Nintendo%20Switch%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%26nbsp%3B%3C%2Fp%3E%0A
MAIN CARD

Bantamweight 56.4kg
Abrorbek Madiminbekov v Mehdi El Jamari

Super heavyweight 94 kg
Adnan Mohammad v Mohammed Ajaraam

Lightweight 60kg
Zakaria Eljamari v Faridoon Alik Zai

Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni

Light welterweight 64.5kg
Siyovush Gulmamadov v Nouredine Samir

Light heavyweight 81.4kg
Ilyass Habibali v Haroun Baka

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

SERIE A FIXTURES

Saturday Benevento v Atalanta (2pm), Genoa v Bologna (5pm), AC Milan v Torino (7.45pm)

Sunday Roma v Inter Milan (3.30pm), Udinese v Napoli, Hellas Verona v Crotone, Parma v Lazio (2pm), Fiorentina v Cagliari (9pm), Juventus v Sassuolo (11.45pm)

Monday Spezia v Sampdoria (11.45pm)

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

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.”

RESULTS
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Major matches on Manic Monday

Andy Murray (GBR) v Benoit Paire (FRA)

Grigor Dimitrov (BGR) v Roger Federer (SUI)

Rafael Nadal (ESP) v Gilles Muller (LUX)

Adrian Mannarino (FRA) Novak Djokovic (SRB)

The Specs:

The Specs:

Engine: 2.9-litre, V6 twin-turbo

Transmission: 8-speed automatic

Power: 444bhp

Torque: 600Nm

Price: AED 356,580 incl VAT

On sale: now.

Updated: October 13, 2022, 7:00 AM