Muhammed Nasir Uddin was delighted to see his name on the screen as the winners were announced. Photo: Emirates Draw
Muhammed Nasir Uddin was delighted to see his name on the screen as the winners were announced. Photo: Emirates Draw
Muhammed Nasir Uddin was delighted to see his name on the screen as the winners were announced. Photo: Emirates Draw
Muhammed Nasir Uddin was delighted to see his name on the screen as the winners were announced. Photo: Emirates Draw

Ajman resident to divide Emirates Draw winnings between children and charity


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A Bangladeshi civil engineer who won Dh77,777 ($21,180) in the weekly Emirates Draw has said he will use the money to pay for his children's education, settle outstanding debts and buy a pet parrot.

Ajman resident Muhammed Nasir Uddin, 41, also plans to give some money to charity.

He said he had forgotten he entered the draw until he was out with friends.

“I didn’t even realise that I had won until after the draw show ended because I got distracted chatting with friends at the coffee shop I usually visit after evening prayers," he said.

"Suddenly, I remembered mid-conversation that I bought a Dh50 pencil for the week’s draw, so I decided to watch the replay and couldn’t believe that it was my name on the screen.

Ajman resident Muhammed Nasir Uddin, 41, has said he will use his winnings to buy a blue parrot for his children. Image: Emirates Draw
Ajman resident Muhammed Nasir Uddin, 41, has said he will use his winnings to buy a blue parrot for his children. Image: Emirates Draw

“I double-checked my ticket number, and sure enough, I had won Dh77,777.

"I called my wife to tell her the good news, but it wasn’t until I showed her proof that it sunk in that it was true.

"We then told our children, who immediately reminded me I had promised to bring them a blue parrot whenever I won.”

He said his success would encourage him to continue to buy tickets for the draw.

"I’m looking forward to hopefully winning again in the future," he said.

"I’ve already bought several Dh50 pencils and told my neighbours and friends that I had won to encourage them, which motivated them to participate in the next draw.”

People can participate in the weekly draw by buying a Dh50 pencil that will support the planting of corals.

After registering online, participants can select their seven-digit number or have the system choose a number randomly.

To date, Emirates Draw has distributed more than Dh32 million in prize money to more than 23,000 participants.

The draws are held every Sunday and live-streamed on YouTube and Facebook, with seven lucky participants each winning Dh77,777.

The Dh100m grand prize, the largest in the region, can be claimed by an individual person or group who match all seven numbers from right to left.

Abu Dhabi Big Ticket winners describe life after the jackpot

  • UAE residents who struck lucky with Abu Dhabi's Big Ticket draw attended a gala dinner. Organisers of the draw celebrated the winners' good luck at the Alexandra Dhow Cruise in Dubai Marina. All photos by Leslie Pableo / The National
    UAE residents who struck lucky with Abu Dhabi's Big Ticket draw attended a gala dinner. Organisers of the draw celebrated the winners' good luck at the Alexandra Dhow Cruise in Dubai Marina. All photos by Leslie Pableo / The National
  • Richard Isaac and Bouchra Yamani, the two presenters who pick out the raffle tickets and call the winners, interacted with the winners. Some of attendees had won jackpots of between Dh1 million to Dh15 million, while others won Dh90,000
    Richard Isaac and Bouchra Yamani, the two presenters who pick out the raffle tickets and call the winners, interacted with the winners. Some of attendees had won jackpots of between Dh1 million to Dh15 million, while others won Dh90,000
  • 'The National' spoke to winners about how they have spent their grand prize. Shivamurthy Gali Krishnappa won Dh12 million last month. He said he wants to save for his children's future. For now, he is still working as a mechanical engineer for a stainless steel production company
    'The National' spoke to winners about how they have spent their grand prize. Shivamurthy Gali Krishnappa won Dh12 million last month. He said he wants to save for his children's future. For now, he is still working as a mechanical engineer for a stainless steel production company
  • Shahed Ahmed Moulvifaiz, a Bangladeshi car garage owner in Al Ain, won Dh10 million less than a week ago. He wants to bring his family to the UAE, expand his business and spend on his youngest son's education
    Shahed Ahmed Moulvifaiz, a Bangladeshi car garage owner in Al Ain, won Dh10 million less than a week ago. He wants to bring his family to the UAE, expand his business and spend on his youngest son's education
  • Jayaprakash Mariyan Philip had won the Dh1 million prize with nine other people. The funds were split equally, leaving him with Dh100,000. He said he has paid off part of his bank loans
    Jayaprakash Mariyan Philip had won the Dh1 million prize with nine other people. The funds were split equally, leaving him with Dh100,000. He said he has paid off part of his bank loans
  • Zaheenn Kausar was visiting her husband in Abu Dhabi from Pakistan, when he bought a ticket under her name. She proved lucky for her family after winning Dh90,000. She wants to pay for her daughter's university tuition and buy a car for herself
    Zaheenn Kausar was visiting her husband in Abu Dhabi from Pakistan, when he bought a ticket under her name. She proved lucky for her family after winning Dh90,000. She wants to pay for her daughter's university tuition and buy a car for herself
  • Before the Covid-19 pandemic, more than 5,000 people would gather during a live event in Abu Dhabi to watch the draw take place. Since 2020, the draw streams live on social media channels, bringing in even larger crowds
    Before the Covid-19 pandemic, more than 5,000 people would gather during a live event in Abu Dhabi to watch the draw take place. Since 2020, the draw streams live on social media channels, bringing in even larger crowds
  • Many people buy multiple tickets together and then split the prize equally. There are also those who win after buying a ticket alone, allowing them to keep the entire jackpot
    Many people buy multiple tickets together and then split the prize equally. There are also those who win after buying a ticket alone, allowing them to keep the entire jackpot
  • The Abu Dhabi Big Draw has been changing lives since 1992
    The Abu Dhabi Big Draw has been changing lives since 1992
  • The ticket for the grand prize costs Dh500
    The ticket for the grand prize costs Dh500
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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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