As September gets under way, it is a busy time for travel.
In airline news, Emirates on Sunday celebrated the return of its second A380 daily service to Johannesburg with its first superjumbo fly-by in South Africa, while Oman Air has offered free stopovers to travellers visiting the sultanate.
In Europe, travel rules are changing. A new entry and exit system is set to begin in November and 100ml limits on liquids in hand luggage have already been reintroduced.
Here is a round-up of recent travel and tourism news – in case you missed it.
Watch: Emirates A380 superjumbo soars over Johannesburg
Emirates Airline celebrated its September 1 launch of a second A380 daily flight between Dubai and Johannesburg in a novel way. The world's largest passenger jet performed a low-level fly-past over the Emirates Airline Park stadium ahead of Sunday's Springboks v All Blacks rugby match.
The superjumbo double decker flew at an altitude of 500 feet over 62,000 fans in what was the Dubai airline's first fly-past in Africa and the first such stunt by any international airline in South Africa.
The jet took off from Johannesburg airport at 4pm before reaching the stadium formerly known as Ellis Park just before 5pm – in time to follow the prematch national anthems before South Africa and New Zealand went head to head.
Sporting the airline's latest livery, the jet was piloted by Captain Mubarak Al Mheiri, who has been flying for Emirates for 19 years and has more than 7,200 hours in the cockpit of the A380. He has previously performed fly-pasts for UAE National Day celebrations and also piloted the double decker around an Emirates cabin crew member as she stood on top of the Burj Khalifa as part of a promotional campaign.
Afzal Parambil, country manager of Southern Africa at Emirates, described the record-setting fly-past as a “powerful display of our unwavering commitment to South Africa.”
Emirates operates 42 weekly flights to Cape Town, Johannesburg and Durban and has been flying to South Africa for 29 years.
Changing hand luggage rules: Europe reintroduces 100ml liquid limit
There are new hand luggage rules in place for travellers to Europe this month after liquid limits of 100ml were reintroduced at many airports across the continent. The move comes after queries were raised about the reliability of new CT scanners installed at airports in the EU and the UK.
Originally designed to make the security process smoother, the new airport technology has been questioned by the European Commission. All EU airports have now been advised to revert to previous carry-on rules that cap travellers' liquids and require them to be put into a clear plastic bag.
It is not the first change to hand luggage rules over the last 12 months and is unlikely to be the last given that the latest update is a temporary measure while technical issues with the scanners are resolved.
Passengers travelling to airports in Europe which had previously scrapped limits on liquids in hand luggage, including Dublin, Amsterdam and Rome, have been advised to be aware of the temporary changes.
At airports where new scanners have already been installed, the updated rules are that large electrical items, such as laptops and tablets, can remain inside hand luggage and do not need to be placed in trays. At other airports, passengers will still need to remove these items from their hand luggage.
While the changes apply to EU countries and at some airports in the UK, travellers flying to or from other destinations including the Middle East, may be impacted and will still need to reorganise hand luggage when transiting through an airport in the EU or UK.
Free hotel stays in the sultanate when flying with Oman Air
Travellers booking flights with Oman Air can now to take advantage of a free hotel stay in Muscat.
The airline has revealed that, from now until November 30, premium passengers transiting through Muscat airport on an Oman Air flight can extend their stay in the sultanate and enjoy a free night in a hotel. Passengers travelling economy class, meanwhile, can take advantage of one free night in a hotel when they book another night at one of the participating properties.
The promotion in partnership with Oman's ministry of heritage and tourism is on a room-only basis. It is open to any passengers who have a return ticket to any destination on Oman Air's network and are transiting through Muscat.
A host of three, four and five-star hotels are included, including W Muscat Hotel, Crowne Plaza Muscat and Grand Millennium Muscat. Travellers can also add discounted city tours to their stay and take advantage of special rates on car hire and other services in Oman's capital city.
The scheme is designed to showcase Oman during its popular winter season. Travellers can fill out an online request form on Oman Air's website to book the service.
Europe's new entry and exit travel system to launch in November
Trips to Europe are likely to come with additional airport waiting times in November as the region's new Entry and Exit System (EES) comes into force.
Designed to keep track of travellers crossing borders in Europe, the automated system will begin a month later than planned on November 10.
The EES is being introduced in a bid to make transition between EU countries more efficient by automating security checks and removing the need for physical passport stamps for short stay visa and visa-exempt travellers.
Different from the European Travel Information and Authorisation System (ETIAS), which is due to be rolled out in 2025 and requires visitors to pay a fee to travel to Europe, the EES will be free and will eventually be used in conjunction with ETIAS.
Travellers heading to Europe on or after November 10 do not need to apply in advance or pay any fees to use the EES. However, delays are expected because tourists will need to register by having their passports scanned; their fingerprints electronically captured; and their photographs taken before answering security questions.
Once registered, eligible travellers arriving at European airports will scan their passports at automated gates. As well as tracking movements, the EES will calculate each traveller's length of stay in the EU. Overstays will be flagged and could lead to fines, penalties or travel bans.
The EES will be operational in 29 countries: Switzerland, Norway, Iceland, Liechtenstein and 25 out of the 27 EU member states. Cyprus and Ireland, which are part of the EU, are not participating and will continue with manual checks and passport stamps.
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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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
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Violence%20
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Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Revival
Eminem
Interscope
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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JOKE'S%20ON%20YOU
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UAE currency: the story behind the money in your pockets
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
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.