An Abu Dhabi-based nurse is planning for a brighter future after scooping Dh20 million in Saturday’s Big Ticket draw.
Indian Lovesy Mole Achamma was named the lucky winner who took home the grand prize in the “series 252" draw.
Ms Achamma, who has been in the UAE for 21 years, works at a hospital in the capital.
She said she only buys her tickets at the counter at Abu Dhabi International Airport when travelling.
She will be splitting the prize money with her brother-in-law and plans to donate a portion of her winnings to charity.
She will also spend some of the money on her children’s higher education. Her husband was in India enrolling their daughter at university when she heard she won. Her other daughter is also studying there.
The Big Ticket was established in 1992 with an initial first prize of Dh1 million and is one of the most popular monthly draws in the UAE. It has transformed the lives of countless people.
A Bangladeshi driver walked away with Dh35 million after winning the first draw of the year.
Mohammed Rayful from Al Ain won after buying tickets for nearly a decade.
Last month, an Indian resident bought a Dh15 million ($4 million) winning lottery ticket while waiting to board a flight at Abu Dhabi International Airport.
Pradeep Kumar and his two friends left the departure lounge and soon entered millionaires' row after deciding to try their luck with the monthly Big Ticket raffle draw before flying to India.
Their numbers came up in a Wednesday live draw shortly before their return trip to the Emirates.
Abu Dhabi Big Ticket: lottery winners tell how jackpot changed their lives – in pictures
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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 -

'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 -

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 -

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 -

The Abu Dhabi Big Draw has been changing lives since 1992 -

The ticket for the grand prize costs Dh500
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.”
Andor
David Haye record
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Wins: 28
Wins by KO: 26
Losses: 4
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The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
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- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
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Hunting park to luxury living
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