Sailing through thousand-year-old icebergs, scuba diving between tectonic plates and hiking volcanoes are everyday activities in Iceland. Home to more than 260 glaciers and 130 volcanoes, the untamed Nordic nation holds surprises around almost every corner.
Since shooting to pop-culture fame as the backdrop for much of the hit HBO series Game of Thrones, the country has become inundated with winter visitors who marvel at its northern lights and spectacular snow-capped mountains. But, since winter also brings minus temperatures and only five hours of daylight, sightseeing opportunities are limited.
That is why I decided to make a summer visit instead. Opting to tackle the country on a spectacular road trip around Highway 1, I made light work of the country's 1,200km ring road, completing it in just one week thanks to 20 hours of daylight. From galloping horses, vast glaciers and thundering waterfalls to awe-inspiring landscapes, there is no shortage of places to go and see when exploring Iceland at a time of year when the sun barely sets.
48 hours in Reykjavik
The obvious starting point for any road trip is Reykjavik, Iceland's capital, although it feels more like a fishing village than a bustling commercial hub. A few days here gives me plenty of time to explore its charming colourful wooden houses, the austere concrete Hallgrimskirkja church, and the Icelandic nature-inspired exhibitions of the Perlan museum, which also has a rooftop restaurant with epic views.
Best of the Golden Circle
Taking roughly three hours, the Golden Circle is a spectacular drive that encompasses exploding 30-metre-tall geysers, stunning blue crater lakes and the incredible wonders of Thingvellir National Park, the only place in the world where you can walk (and scuba dive) between two tectonic plates.
Even on a cold day, stopping for a home-made treat at the Efstidalur Farm ice cream barn seems like a good idea. The rustic cafe is also a farm and hotel and has a genuine country vibe. Huge wide windows in the cafe allow visitors to gaze in on the very cows that the ice cream comes from.
I save the best for last, the formidable Gullfoss waterfall is the star of this part of the trip. Dramatic, powerful and slightly terrifying, I hear its deafening roar well before I see it.
Escaping the world in Siglufjorour
Most of the Netflix thriller series Trapped was filmed in Siglufjorour, so the fishing town in northern Iceland might feel familiar to anyone that's seen the show.
In winter the destination is largely cut off from the rest of the country by snowdrifts, but in summer it is reachable via a picturesque three-hour detour from the ring road. With green mountains and fields of purple lupin flowers on one side, and the wild ocean on the other, it is a quintessential idyllic coastal village.
The Herring Era Museum is the top attraction in town and also a great place to while away an hour or two enjoying a cold drink and an Icelandic rye bread sandwich as I look out over the boats and the paintbox harbour buildings.
Found in the most remote corner of western Iceland, Studlagil is a place visited by only the most intrepid travellers. There's not a shop for miles around here, so I pack snacks and fill up on petrol beforehand.
Part of Jokuldalur Glacier Valley, the canyon is a few kilometres down a narrow farm track and is home to the largest number of basalt rock columns in the country. It also has a vibrant blue-green river, which I tower over on a suspended mesh-bottomed platform for a better view. A meander along the bottom of the canyon is an equally impressive way to view the beauty spot.
Sailing around Jokulsarlon glacier lake
An icy expanse littered with floating icebergs and bobbing seals, Jokulsarlon is a large glacial lake and one of the most mesmerising sites in Iceland. Just across the road is Diamond Beach, so named because of the huge ice chunks that congregate on its black sands, and named by Banana Boat as one of the world’s most beautiful beaches. Marking the point where Jokulsarlon meets the dark and choppy sea, the otherworldly landmark seems almost unreal.
Venturing to the Westman Islands
The Westman Islands, or Vestmannaeyjar, are almost completely uninhabited and most tourists miss them off their itinerary altogether. But it is summer, I have time to venture over and the waters are calmer than in winter. A majestic group of rocky outcrops and soaring cliffs, the islands are home to the largest Atlantic puffin colony in the world.
Heimaey, the biggest island in the archipelago, is a 40-minute ferry ride from the mainland. Pufflings can be spotted from its cliff top footpaths in August and September and a tour of the world’s first beluga whale sanctuary is on offer here. It is home to two white whales that were rescued from a Chinese theme park and starred in the UK TV show John Bishop’s Great Whale Rescue.
With lots of cosy pubs and puffin-themed shops and cafes to explore, the island makes for a great day trip for nature lovers. Golfers will also be impressed by the unique layout and scenery of the 18-hole course inside the Herjolfsdalur valley, which is like no other course in the world.
Natural hot springs and casual bites
About 90 per cent of Iceland’s hot water is heated by geothermal sources. Littered with hot springs, the most famous is the Blue Lagoon. A striking azure pool surrounded by black volcanic rock, the surreal experience has swim up bars and a natural face mask station. Tickets start at Dh350 ($95) and need to be booked in advance.
Sky Lagoon offers a more serene and less crowded experience, while Reykjadalur thermal river, found up in the mountains about an hour south of Reykjavik, allows me to sink into nature. It is at the top of a picturesque, 3km climb. The lack of changing rooms might concern luxury travellers, but for hardy Icelanders and adventure seekers it is all part of the challenge.
Lying on the warm, stony stream bed with dozens of other hikers is one of my favourite Iceland moments. Afterwards, I enjoy a cheese toastie from the car park cafe. It turns out that, eating out in a country that is often thought of as expensive doesn't have to be ludicrously so. It's all about keeping it casual.
Icelanders love hot dogs and, while the Bill Clinton-approved Baejarins Beztu in Reykjavik are something of a rite of passage for every visitor, even the ones I find at the petrol station are surprisingly good. The country is also renowned for its fishing industry, so fish and chips are available in every village.
A wild and rugged break from the ordinary, Iceland is every bit the summer adventure that I'd been dreaming of.
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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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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Directed by: Craig Gillespie
Starring: Emma Stone, Emma Thompson, Joel Fry
4/5
How to improve Arabic reading in early years
One 45-minute class per week in Standard Arabic is not sufficient
The goal should be for grade 1 and 2 students to become fluent readers
Subjects like technology, social studies, science can be taught in later grades
Grade 1 curricula should include oral instruction in Standard Arabic
First graders must regularly practice individual letters and combinations
Time should be slotted in class to read longer passages in early grades
Improve the appearance of textbooks
Revision of curriculum should be undertaken as per research findings
Conjugations of most common verb forms should be taught
Systematic learning of Standard Arabic grammar
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
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Day 2, Dubai Test: At a glance
Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.
Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.
The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.
The specs: 2018 Ducati SuperSport S
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