Osaka will be the airline’s second destination in Japan, after Tokyo. Photo: Unsplash
Osaka will be the airline’s second destination in Japan, after Tokyo. Photo: Unsplash
Osaka will be the airline’s second destination in Japan, after Tokyo. Photo: Unsplash
Osaka will be the airline’s second destination in Japan, after Tokyo. Photo: Unsplash

Etihad Airways launches flights to Osaka


Hayley Skirka
  • English
  • Arabic

Etihad will launch flights to Osaka in Japan from October.

The national airline of the UAE is expanding its network by adding its first non-stop flights to the hub city of Japan's Kansai region.

Osaka will be the airline’s second destination in Japan, after Tokyo, which the airline has been flying to for 13 years.

From October 1, Etihad will run five weekly flights from Abu Dhabi to Osaka using its Boeing 787 Dreamliner aircraft.

A Boeing 787 Dreamliner, the type of aircraft that will fly to Osaka. Photo: Etihad
A Boeing 787 Dreamliner, the type of aircraft that will fly to Osaka. Photo: Etihad

Flights to the port city, which is nicknamed the Nation's Kitchen for its culinary finesse, will last about nine hours.

“We’re delighted to introduce flights to Osaka for the first time,” said Antonoaldo Neves, chief executive of Etihad Airways.

“As one of the world’s most cosmopolitan cities, I know visitors will enjoy exploring its heritage and sampling some of Osaka’s renowned hospitality. Equally, the new route opens up Abu Dhabi to visitors from Osaka, and we look forward to welcoming guests to our vibrant home as well as giving them access to our growing global network.”

The city is famous for its world-class culinary scene, offering travellers everything from Michelin-starred restaurants to amazing street food.

It also has an eclectic cultural scene, with buzzing nightlife, neon-lined streets, art galleries and museums all set against a striking architectural backdrop.

UAE travellers flying to Osaka or other destinations in Japan can apply online for a 90-day eVisa. Photo: Unsplash / Richard Tao
UAE travellers flying to Osaka or other destinations in Japan can apply online for a 90-day eVisa. Photo: Unsplash / Richard Tao

Japan recently eased travel regulations for visitors from the UAE, who no longer need to visit the Japanese embassy to apply for a visa.

UAE residents keen on exploring Osaka, or any of Japan's other hotspots, can now apply online for a short-term tourist visa that allows stays of up to 90 days.

No screenshots or printouts of the visa are required. Instead, travellers will use Japan's eVisa website on arrival in the country to show approved documents to immigration authorities.

This follows visa-free regulations for Emirati travellers, which have been in place since November.

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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.”

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Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

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Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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