An extra day or two off work was the perfect tonic for the hordes of tourists and residents alike who enjoyed the many events and attractions on offer during EidAl Adha this weekend.
A drop in temperatures on Saturday made for a double dose of fortune for those lucky enough to enjoy two days off, either side of the weekend.
On Friday, a reception at Al Mushrif Palace in Abu Dhabi was hosted by Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid, and Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
The event marking Eid was attended by Crown Princes and Deputy Rulers from around the UAE.
“The first day of Eid is about traditions and getting together as a family”, said Shoroq Al Kabbi, an Emirati mother of three living in Fujairah.
“Family members from Abu Dhabi and Sharjah came to celebrate Eid with us at our father’s house in Merbeh, we exchanged Eid wishes, shared a meal together and children collected their Eideah ‘Money given to children during Eid’,” said Ms Al Kabbi, 32.
Ms Al Kabbi and her family decided to have lunch at Fujairah city centre before heading to Jumeriah Beach Residence in Dubai on Saturday.
“We brought them here to play and eat before we start our long trip to Dubai to watch the fireworks at the beach," she said.
“We went last year and the kids loved it so they asked to go again this year.”
“We’ll spend the night there and take the kids to Modhesh World on Sunday."
Another family said that they were planning to go to the beach in the evening on the first day of Eid, but humidity levels were a bit higher than they expected in Kalba.
“I went to the abattoir after Eid prayers and brought meat, we distributed some of it and kept the rest to make barbecue on the beach in the evening, but the humid weather made us change our plans,” said Mostafa Youssri, an Egyptian father of two living in Kalba.
“Instead, we took the children to the amusement park in Fujairah but we are thinking of going to Kalba beach today, as the weather seems better and less humid,” said Mr Youssri, 36.
Pakistani Bilal Mohammad, 24, who works for Emirates flight catering has been in the UAE for three years, but was making his first visit to the Abu Dhabi Grand Mosque on his extra day off.
“A three-day weekend is nice – so I’m making the most of it with a day out with my friends,” he said.
“There are a lot of people with the same idea of visiting the Grand Mosque, but it is still not too busy. It’s just nice to spend some time with others.
“We’re going for walk at the Corniche as it’s not too hot, and will then get some food.”
Lydia Sauer, was visiting the UAE from Germany for a week.
“We have been staying in Jumeirah Beach Residence so we’ve had a great location from where to watch the fireworks each night,” she said.
“It is my first visit to the UAE, and it has been a wonderful atmosphere with the street entertainers and market stalls on JBR.
“I thought there would be more crowds as it is Eid, but I guess a lot of people are away on vacation and making the most of the holidays.”
Bijod Chittiappily, 30, who lives in International City in Dubai, was enjoying a day out on the Corniche in Abu Dhabi.
“We all work hard, so an extra day off has been a bit of luck for us,” he said.
“We are making the most of it, as we don’t often get the chance to come to Abu Dhabi, it is a different pace to Dubai so it is making a nice change.”
Another tourist Marie Luca, from a village near Munich in Germany, was impressed with the choice on offer for sightseeing.
“I am only here for a few days, so it is difficult to fit everything in,” she said.
“I wanted to come to Abu Dhabi to see the Grand Mosque, it is an amazing building and feels particularly special during Eid.”
Whilst special prayers were offered in Abu Dhabi to the nation’s fallen servicemen and women, support was offered to those in need further afield.
Emirates Red Crescent continued its charitable work, distributing Eid sacrifices to families of martyrs, injured across the Hadhramaut governorate of Yemen.
Efforts were part of the 'Zayed Legacy to Support Yemeni People' campaign on the occasion of Eid al Adha.
The campaign is providing Eid sacrifices and clothing, as well as gifts and cash, until the third day of Eid in the various Yemeni governates.
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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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.”
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Results:
6.30pm: Handicap | US$135,000 (Dirt) | 1,400 metres
Winner: Rodaini, Connor Beasley (jockey), Ahmad bin Harmash (trainer)
7.05pm: Handicap | $135,000 (Turf) | 1,200m
Winner: Ekhtiyaar, Jim Crowley, Doug Watson
7.40pm: Dubai Millennium Stakes | Group 3 | $200,000 (T) | 2,000m
Winner: Spotify, James Doyle, Charlie Appleby
8.15pm: UAE Oakes | Group 3 | $250,000 (D) | 1,900m
Winner: Divine Image, William Buick, Charlie Appleby
8.50pm: Zabeel Mile | Group 2 | $250,000 (T) | 1,600m
Winner: Mythical Image, William Buick, Charlie Appleby
9.20pm: Handicap | $135,000 (T) | 1,600m
Winner: Major Partnership, Kevin Stott, Saeed bin Suroor
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
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'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.