Dr Maryam Matar, left, the director general of the Community Development Authority, says expatriates will be integral to the centre's success.
Dr Maryam Matar, left, the director general of the Community Development Authority, says expatriates will be integral to the centre's success.
Dr Maryam Matar, left, the director general of the Community Development Authority, says expatriates will be integral to the centre's success.
Dr Maryam Matar, left, the director general of the Community Development Authority, says expatriates will be integral to the centre's success.

Community centre open to all people for all needs


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HATTA // The UAE's first cross-cultural community centre catering to the social, health, financial and educational needs of both nationals and expatriates is to be opened in Hatta. The Community Development Authority (CDA), created two months ago under the umbrella of the Dubai 2015 strategy, aims eventually to have 22 community centres across the emirate, with the second opening in Dubai. Dr Maryam Matar, director general of the CDA, said Hatta was chosen to have the first centre because of its lack of social support.

"We want to provide a comprehensive service centre that caters to all needs," she said. "If there are services we cannot provide, we will do our best to refer people to the relevant bodies." Taking a single-parent family as an example, she said: "We will provide counselling, help the mother to follow the child's progress through school and provide housing that is close to her family. We are taking all social aspects into consideration. "The people who are coming to us are people who have needs in their life," she said. "This is why we have respect towards them and want to help them. They are not coming for a luxury."

Speaking to Hatta residents at the weekend, Dr Matar said the decision to open the centre followed a study involving 2,500 families that assessed the area's needs. The Hatta centre will run a pilot programme in the first half of 2009 and, if results are positive, it will be up and running fully by the second half of the year. Dr Matar noted that community centres were not a new concept in the West, but abroad they tended to be geared towards single issues, such as rehabilitation, pensioners or young people. The Dubai centres would be more comprehensive, caring for all these issues under one roof. The families questioned in the survey provided positive feedback on the way of life in Dubai. "We found that everyone here loves Dubai," said Dr Matar. "Everyone wants to work together, and we want to make it the best city in social development and social care." The role of expatriates is also integral to the centre's growth and success, she said. "We need expats to help us with their expertise in social development and teach us best practice." Mohammed Murad, chief of performance and excellence at the CDA, said the results for social development came slowly, and people would need to be patient to see a change. "Social development is not something that happens over one or two years," he said. "It can take as much as 20 years, but we can achieve it. We are crossing the hurdles much faster here." The CDA hopes to streamline and strengthen the social help currently available. One focus will be volunteers, with the creation of a system in which they register their skills. "We want to make volunteering more structured and make use of the skills available," said Dr Matar. "We want to ensure that people do not volunteer in areas where they will do more harm than good." The issues of disability and special needs are also being addressed by the CDA. While some organisations in Dubai are making people more aware of those issues, the city is still not considered accessible enough for the disabled. "We want to make Dubai more user-friendly for everyone, including the disabled," she said. "We want to make it the most accessible city in the world." Before joining the CDA, Dr Matar, a family physician, helped develop the Dubai 2015 strategy and was assistant under-secretary at the Ministry of Health. * The National

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

UAE currency: the story behind the money in your pockets
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%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
India squad

Virat Kohli (captain), Rohit Sharma, Mayank Agarwal, K.L. Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.

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.”