DUBAI // It was always going to be a recipe for a good party: wildly decorated cars, vuvuzelas and hundreds upon hundreds of cans of silly string.
Young Emiratis descended upon Jumeirah Beach Road in their thousands last night, wearing Afro wigs in the UAE’s colours, madly waving flags from open sun roofs, or standing on the curb covering every passing vehicle in fake snow.
“Every car needs to have string or snow,” said Abdullah Al Hamid, 16, from the UAE, who was standing outside a petrol station with a group of friends armed with spray cans and super soakers.
“If they don’t have string it means they’re not happy.”
The street was covered in confetti as revellers sat on roofs, and bonnets of cars, as the sound of Khaleeji music and car horns filled the air.
The highlight of the evening was a huge fireworks show at the Burj Al Arab. The show, which started shortly after 8.30pm with a colourful aerobatics display, involved fireworks shooting from the side of the luxury hotel.
On several occasions the sky was painted with red, white and green fireworks, while a sophisticated light show transformed the hotel into a moving canvas.
“It’s beautiful,” said Mona Al Khatib, 23, an Emirati student from Sharjah. “It’s the perfect end to wonderful National Day celebrations.”
Sanjay Kapoor, 37 from India, was at the beach with his family. “We knew the traffic was going to be very busy tonight, but we thought it was worth it to see such a spectacle,” he said.
“The children love fireworks and the best fireworks are always on National Day. We have been living here for 13 years now, and it is like a second home.
“We wanted to celebrate this important day with the rest of the country.”
The fireworks went on for roughly half an hour, and were followed by cheering and clapping from the hundreds who gathered on the beach.
While National Day celebrations were relatively subdued on the streets during the daytime, even in hot spots like Jumeirah Beach Road, by about 7pm the roads were gridlocked as hundreds of bedecked cars hooted their horns and passengers blew vuvuzelas through open sunroofs or car windows.
Kristy Jacobs, 52 from the UK, was staying at the Madinat with her husband and had come to take pictures on the streets.
“It’s like the jubilee, or something,” she said. “I’ve never seen so many people making so much noise just because they want to be patriotic.”
Omar Al Balooshi, 33, an Emirati from Al Barsha, was driving a Toyota Corolla that was covered entirely with bright UAE flags and pictures of Sheikh Zayed. On the side were love hearts.
He said the car is an old one, which he keeps in a garage most of the year and brings out only for National Day.
“It would be too much to clean the car every year and redecorate it again,” he said. “It’s an old car, so I save it just for National Day.
“The police would stop me if I drove it every day. I don’t want to paint it again, because I like the design.”
In Mercato Mall, on Jumeirah Beach Road, dozens of Emirati families visited a display of culture that involved weaving bamboo sculptures and traditional female singing.
Ahmed Khaliq, from Jumeirah, was visiting the mall with his wife and two children. His son, Mohammed, was wearing a kandura that had 42 sewn into the top-left breast pocket, and his daughter was wearing a colourful dress with a huge Sheikh Khalifa mural as an oversized belt buckle.
“My children wanted to celebrate National Day, so my wife has been helping them with their clothes for the past week,” he said. “They have been very excited for a few months.
“This is a very special day for Emiratis, where we celebrate 42 years of our country’s history. It’s the biggest day of the year.”
On the Walk, at Jumeirah Beach Residences, a steady stream of cars drove past, becoming increasingly elaborate in their decoration as the day wore on. Dozens of tourists stopped to take pictures of the cars.
“It’s very different from how we celebrate our national day,” said Gerard Courant, 36, from France, who was on holiday with his wife and three children.
“I didn’t know it was any special occasion when we booked flights, but I’m glad we saw this. We came to Dubai to see something different, and this is certainly something different.”
Li Heping, a 42-year-old Chinese tourist, was taking pictures with his family of a group of Emiratis hanging out of the sun roof waving flags.
“It’s very funny,” he said. “I don’t know what they are celebrating, but they look very happy.”
A highlight of the afternoon at the Walk was when the Red Arrows, the British aerobatic display team from the Royal Air Force, gave a special National Day performance at the Skydive Dubai, near the Marina.
“It’s very impressive,” said Abdul Kareem, 21, from the UAE. “They keep looking like they are going to crash.
“Its a wonderful thing to have on our National Day.”
mcroucher@thenational.ae
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
COMPANY%20PROFILE
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THE BIO
Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old
Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai
Favourite Book: The Alchemist
Favourite quote: Failing to prepare is preparing to fail
Favourite place to Travel to: Vienna
Favourite cuisine: Italian food
Favourite Movie : Scent of a Woman
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Profile
Name: Carzaty
Founders: Marwan Chaar and Hassan Jaffar
Launched: 2017
Employees: 22
Based: Dubai and Muscat
Sector: Automobile retail
Funding to date: $5.5 million
The years Ramadan fell in May
Details
Through Her Lens: The stories behind the photography of Eva Sereny
Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Tesalam Aleik
Abdullah Al Ruwaished
(Rotana)
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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.”
The specs
Engine: 4.0-litre, twin-turbocharged V8
Transmission: nine-speed automatic
Power: 630bhp
Torque: 900Nm
Price: Dh810,000
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Pearls on a Branch: Oral Tales
Najlaa Khoury, Archipelago Books
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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