Abu Dhabi, United Arab Emirates - November 9th, 2017: General View of the Louvre as it opens on Saturday to the public. Thursday, November 9th, 2017 at Louvre, Abu Dhabi. Chris Whiteoak / The National
With Saturday’s opening, Abu Dhabi is now poised to surpass the 4.4 million guests welcomed in 2016. Chris Whiteoak / The National

Afternoon tea and tickets to Louvre Abu Dhabi: hotels gear up for museum's launch



Abu Dhabi's tourism industry is looking to capitalise on opening of the Arab world's first universal museum, responding to fevered interest from China to the United States in recent days.

'A moment rich in art and history awaits you' - so goes the tagline on the St Regis Saadiyat Island Resort's website.

The hotel has been fielding calls and emails all week: how can I get tickets; when is it open; what time can I go.

This information has gone on the hotel’s website and a digital panel in the lobby. It has begun offering a night's accommodation, afternoon tea and access for about Dh1,600 including taxes.

“We are one of the first hotels to start promoting the Louvre. And we have already seen a pick-up with people booking this package,” said Marwan Fadel, hotel manager at the St Regis.

Mr Fadel said everyone was excited to see such an iconic museum opening next door and there was a feeling of something big happening on the island. “It’s adding … amazing value to Saadiyat. It’s not just beaches and hotels – now we have the cultural district.”

Adjacent is the Park Hyatt Abu Dhabi. It too has already launched museum packages with tour operators and travel agents and will be offering a dedicated art experience for its guests.

“The unique Children’s Museum at Louvre Abu Dhabi will provide full family engagement and is of particular interest to guests travelling here choosing Park Hyatt as a seasonal luxury leisure break,” said Federico Mantoani, general manager.

Louvre Abu Dhabi is an archipelago at sea and visitors can arrive by car and, soon, by boat.

Jalboot Marine will begin operating water taxis between Abu Dhabi's cruise terminal and museum in the coming months.

Etihad has already announced a link-up with Louvre Abu Dhabi to promote the museum there are also firm plans to make it easier for cruise passengers to visit.

The cruise business started in 2006 with 32,000 passengers coming through. Last year a staggering 346,000 passengers visited and a new cruise terminal opened at Mina Zayed two years ago.

On the lively forums of popular cruise website Cruise Critic, would-be passengers are already looking forward to stepping inside architect Jean Nouvel’s creation and viewing the spectacular artworks. “It should be amazing - at least we all hope so after all these years of waiting!!!!” wrote one passenger, who won’t arrive here until April.

“Louvre Abu Dhabi is no more than ten minutes away from here,” said Saif Ghobash, director general of the Department of Culture and Tourism at the launch of the cruise season last month at Mina Zayed.

“It’s perfect for a passenger seeking a cultural escape.”

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Abu Dhabi has welcomed about 3.5 million hotel guests so far this year.

Figures released a week ago by the Department of Tourism and Culture - Abu Dhabi showed the emirate maintaining a seven per cent increase on 2016.

This rise is driven partly by a huge increase in Chinese visitors, which rose by 133 per cent in October (28,000 visitors) compared with the same month last year.

With Saturday’s opening, Abu Dhabi is now poised to surpass the 4.4 million guests welcomed in 2016.

But the one-million-dollar question is how much business the museum will bring and crucially, how much longer tourists will stay once they are here.

The Sheikh Zayed Mosque has always been a popular attraction but now with the museum and the imminent Qasr Al Hosn redevelopment, it means there is a greater chance tourists will stay longer.

“The museum is expected to attract cultural tourists and arts aficionados and help increase visitor arrivals to Abu Dhabi, particularly when it hosts special shows, exhibitions and events,” said Rashid Aboobacker, a senior director at TRI Consulting in Dubai.

“We expect strong interest … particularly from the Middle East, Africa, Asia and Far East.”

For Mr Aboobacker, the museum will also have a knock effect in neighbouring emirates.

“The opening of more tourism attractions in Abu Dhabi such as the Louvre will help increase the average length of stay of tourists in the city, boosting accommodation demand in the long term.

At the other end of Abu Dhabi from Saadiyat, Emirates Palace has also welcomed the opening.

The hotel has also been receiving calls from people across the globe who are keen to know more about Louvre Abu Dhabi.

“We hope to provide an array of exclusive experiences available only to our guests involving the museum and its neighbouring Saadiyat Cultural District,” said Holger Schroth, general manager at Emirates Palace.

“In the future, we anticipate we will provide transportation to the Louvre Abu Dhabi by land, sea and perhaps even air, if requested.”

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1 Lewis Hamilton (Mercedes)

2 Valtteri Bottas (Mercedes)

3 Sebastian Vettel (Ferrari)

4 Kimi Raikkonen (Ferrari)

5 Daniel Ricciardo (Red Bull)

6 Max Verstappen (Red Bull)

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8 Charles Leclerc (Sauber)

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13 Kevin Magnussen (Haas)

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15 Fernando Alonso (McLaren)

16 Brendon Hartley (Toro Rosso)

17 Pierre Gasly (Toro Rosso)

18 Stoffe Vandoorne (McLaren)

19 Sergey Sirotkin (Williams)

20 Lance Stroll (Williams)

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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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Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.

It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.

Edge has an annual revenue of $5 billion and employs more than 12,000 people.

Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab

 

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Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

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Fixtures

Saturday, May 28, United States v Scotland
Sunday, May 29, United States v Scotland
Tuesday, May 31, UAE v Scotland
Wednesday, June 1, UAE v United States
Friday, June 3, UAE v Scotland
Saturday, June 4, UAE v United States

UAE squad: Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, Vriitya Aravind, CP Rizwan, Basil Hameed, Rohan Mustafa, Kashif Daud, Karthik Meiyappan, Zahoor Khan, Junaid Siddique, Alishan Sharafu, Akif Raja, Rahul Bhatia

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1. Oman 32 19 11 40 +0.156
2. Scotland 16 11 3 24 +0.574
3. UAE 18 10 6 22 +0.22
4. Namibia 14 7 7 14 +0.096
5. United States 16 7 9 14 -0.229
6. Nepal 12 6 6 12 +0.113
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Aged just 11, Khulood Al Najjar’s daughter, Nora, bravely attempted to fight off Philip Spence. Her finger was injured when she put her hand in between the claw hammer and her mother’s head.

As a vital witness, she was forced to relive the ordeal by police who needed to identify the attacker and ensure he was found guilty.

Now aged 16, Nora has decided she wants to dedicate her career to helping other victims of crime.

“It was very horrible for her. She saw her mum, dying, just next to her eyes. But now she just wants to go forward,” said Khulood, speaking about how her eldest daughter was dealing with the trauma of the incident five years ago. “She is saying, 'mama, I want to be a lawyer, I want to help people achieve justice'.”

Khulood’s youngest daughter, Fatima, was seven at the time of the attack and attempted to help paramedics responding to the incident.

“Now she wants to be a maxillofacial doctor,” Khulood said. “She said to me ‘it is because a maxillofacial doctor returned your face, mama’. Now she wants to help people see themselves in the mirror again.”

Khulood’s son, Saeed, was nine in 2014 and slept through the attack. While he did not witness the trauma, this made it more difficult for him to understand what had happened. He has ambitions to become an engineer.

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Founders: Mohammad Raafi Hossain, Daniel Ahmed
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Sector: FinTech
Initial investment: $2.45 million
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Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Date started: January 2022
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Investment stage: Seed

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Main Event : Lightweight Title
Amru Magomedov def Jakhongir Jumaev - Round 1 (submission)
Co-Main Event : Bantamweight
Rany Saadeh def Genil Franciso - Round 2 (submission)
Catchweight 150 lbs
Walter Cogliandro def Ali Al Qaisi - Round 1 (TKO)
Bantamweight
Renat Khavalov def Hikaru Yoshino - Round 2 (TKO)
Flyweight
Victor Nunes def Nawras Abzakh - Round 1 (TKO)
Flyweight
Yamato Fujita def Sanzhar Adilov - Round 1 (submission)
Lightweight
Abdullo Khodzhaev def Petru Buzdugen - Round 1 (TKO)
Catchweight 139 lbs
Razhabali Shaydullaev def Magomed Al-Abdullah - Round 2 (submission)
Flyweight
Cong Wang def Amena Hadaya - Points (unanimous decision)
Middleweight
Khabib Nabiev def Adis Taalaybek Uulu - Round 2 (submission)
Light Heavyweight
Bartosz Szewczyk def Artem Zemlyakov - Round 2 (TKO)

COMPANY PROFILE

Company name: CarbonSifr
Started: 2022
Based: Dubai
Founders: Onur Elgun, Mustafa Bosca and Muhammed Yildirim
Sector: Climate tech
Investment stage: $1 million raised in seed funding

Tell-tale signs of burnout

- loss of confidence and appetite

- irritability and emotional outbursts

- sadness

- persistent physical ailments such as headaches, frequent infections and fatigue

- substance abuse, such as smoking or drinking more

- impaired judgement

- excessive and continuous worrying

- irregular sleep patterns

 

Tips to help overcome burnout

Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’

Do activities that you want to do as well as things you have to do

Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones

Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation

Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.

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COMPANY PROFILE

Company: Eco Way
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Founder: Ivan Kroshnyi
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Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Company profile

Company: POPC
Started: 2022
Founders: Amna Aijaz, Haroon Tahir and Arafat Ali Khan
Based: Dubai, UAE
Industry: art and e-commerce
Funds raised: undisclosed amount raised through Waverider Entertainment


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