Many of the biggest business deals are conceived over lunch, the terms scrawled out on napkins as executives parry between courses.
Q&A: Get down to business - slowly
Last Updated: June 1, 2011
Why should I have lunch with somebody? Isn't it easier just to phone them? You're missing the point. It's your chance to wine and dine them, impress them with your charm and seduce them. And leave them with a sense of obligation. After all, there's no such thing as a free lunch.
Point taken. So what are the key things to remember? Don't order food that you can't eat with dignity. For example, avoid pasta unless you grew up in Italy. And steer clear of oysters or asparagus unless you know how to eat them with confidence – with asparagus it's de rigueur to use your fingers. Attack them with a knife and fork and you risk being considered uncouth, with no idea of how to behave properly.
Should I launch straight into business? Under no circumstances. Think of it as a gradual affair, starting slowly and working up to the business in hand. Certainly nothing business related until the main course.
Should we split the bill? On no account. But make sure your credit card is working or better still, carry a bundle of cash.
But choosing the right locale, with the right crowd, is critical.
Here in Abu Dhabi, managers at Mubadala Development can be seen lunching in Jones the Grocer on 4th Street, while the big cheeses at Adia prefer Vasco's, the Portuguese restaurant on the Corniche.
A new popular lunch spot for the ladies is the Cafe Arabia, where the well-groomed can mingle with the well-heeled and a smattering of journalists from Abu Dhabi Media's offices.
The most serious lunches - and the most expensive - take place at the Emirates Palace Hotel, the community centre that at about midday doubles as a canteen.
Mezzaluna is popular for its light Italian food, while the Emirati restaurant Mezlai is a good choice particularly if you are dining with locals. The opening of a new branch of Jones the Grocer in Khalidiyah, is good news for companies with offices nearby. At the moment they go to Firenze, an Italian cafe for pasta, sandwiches and grilled dishes, or to the Khalidiyah Mall, to the food hall that smells of caramel. And there's another Jones opening soon in Al Raha Beach, although that's quite a way to go for lunch.
Of course, if you don't have the time or the inclination to leave your airconditioned conference room, you can either order in sandwiches that come down from Dubai, or call in one of the local delivery men.
From midday to past 3pm every day a stream of pizzas, curries and burgers are brought in and somehow consumed in our offices. No wonder few journalists live beyond the age of 50.
For the rest of the UAE's business crowd, there may not be such a lunching culture as in Paris, London or New York, but it's beginning to catch on.
Top 5: Business lunch spot
1 Toki
2 Mezzaluna
3 Jones the Grocer
4 Cafe Arabia
5 Yacht Club
One Emirati friend, who has a chef prepare her meals to ensure she eats healthy food, says she is the outlier. "I'm probably the only GCC national who carries a lunchbox," she says.
The Quote: "Ask not what you can do for your country. Ask what's for lunch." Orson Welles
rwright@thenational.ae
The biog
Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.
Favourite book: Anything by Sidney Sheldon.
Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.
Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Spec%20sheet
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%204.7%22%20Retina%20HD%2C%201334%20x%20750%2C%20625%20nits%2C%201400%3A1%2C%20True%20Tone%2C%20P3%3Cbr%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20A15%20Bionic%2C%206-core%20CPU%2C%204-core%20GPU%2C%2016-core%20Neural%20Engine%3Cbr%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%2012MP%2C%20f%2F1.8%2C%205x%20digital%20zoom%2C%20Smart%20HDR%2C%20Deep%20Fusion%3Cbr%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%204K%2B%40%2024%2F30%2F60fps%2C%20full%20HD%2B%40%2030%2F60fps%2C%20HD%2B%40%2030%20fps%3Cstrong%3E%3Cbr%3EFront%20camera%3A%20%3C%2Fstrong%3E7MP%2C%20f%2F2.2%2C%20Smart%20HDR%2C%20Deep%20Fusion%3B%20HD%20video%2B%40%2030fps%3Cbr%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2015%20hours%20video%2C%2050%20hours%20audio%3B%2050%25%20fast%20charge%20in%2030%20minutes%20with%2020W%20charger%3B%20wireless%20charging%3Cbr%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Touch%20ID%3Cbr%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP67%2C%20dust%2C%20water%20resistant%20up%20to%201m%20for%2030%20minutes%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C849%3C%2Fp%3E%0A
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Titan Sports Academy:
Programmes: Judo, wrestling, kick-boxing, muay thai, taekwondo and various summer camps
Location: Inside Abu Dhabi City Golf Club, Al Mushrif, Abu Dhabi, UAE
Telephone: 971 50 220 0326
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Sholto Byrnes on Myanmar politics
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
MATCH INFO
Euro 2020 qualifier
Russia v Scotland, Thursday, 10.45pm (UAE)
TV: Match on BeIN Sports
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
'THE WORST THING YOU CAN EAT'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
We Weren’t Supposed to Survive But We Did
We weren’t supposed to survive but we did.
We weren’t supposed to remember but we did.
We weren’t supposed to write but we did.
We weren’t supposed to fight but we did.
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.
We weren’t supposed to return but WE ARE.
Amira Sakalla