Latest: Expo City promises unrivalled 'campus town feel' as it reopens to the public
Thousands of visitors are expected to visit Expo City Dubai from today, Thursday September 1.
The date of the partial opening — which came earlier than expected — caused a flurry of excitement when it was announced on Monday.
Expo City Dubai is expected to be home to residents, major companies and their headquarters, as well as a global destination for events and exhibitions.
For now, some of the unique features of Expo 2020 Dubai are being reopened to the public.
Visitors will be able to reach the site directly by Metro, bus, car and taxi for the first time since the Expo ended on March 31. You can wander the main site for free, but need a Dh50 ticket to enter the pavilions.
Here is what we know so far:
Which parts of Expo site will be open from this week?
Main pavilions
Two of the anchor pavilions will open this week. They are Alif – the Mobility Pavilion and Terra – the Sustainability Pavilion.
Terra, which hosts science experiments and a climate change-themed exhibition, was a key stop in Expo's school programme, during which every school in the country visited, free of charge, during the world's fair.
Mobility is home to nine-metre-tall models of Arabian explorers Ahmad ibn Majid, Ibn Battuta and Al-Bakri.
The structure itself, designed by Foster + Partners, contains a huge lift that moves dozens of visitors through the impressive structure.
For Dh50 ($14) per pavilion, adult visitors can gain access to these sites. Children under 12 and people with disabilities will enjoy free access.
Garden in the Sky
Garden in the Sky, with its 360-degree views, is also set to open on Thursday, with adult tickets priced at Dh30 each. Children can enter free of charge.
Expo Metro station
The Metro has remained open since the close of the world's fair, but visitors were unable to go any further than the station and its main plaza.
With single-journey tickets from only Dh3 for one zone, it remains the cheapest way to visit the Expo site and travel around town in general. Car parks that surround the site will also reopen.
What are the opening times?
Alif and Terra will be open daily from 10am to 6pm while Garden in the Sky will open from 3pm to 6pm, with the times changing to 10am to 6pm from Friday, September 16, onwards.
It is expected that the district, which opened until midnight or later during Expo, will keep its gates open later once fully open.
Why isn't the whole site open yet?
Expo favourites such as Al Wasl Plaza, the water feature renamed Surreal, the Women’s Pavilion, the Vision Pavilion and children’s playgrounds will open from October 1.
Almost all of the country pavilions that were run by each nation during the six-month event have been packed up and shipped home.
A handful remain, including the UAE and Saudi pavilions. Egypt and Morocco will also reopen at some stage.
How much of the Expo site can I see this week — and do I need a ticket to wander around?
Organisers say “much of Expo City Dubai’s public realm will be open and is free to visit”.
So, even those without a ticket will have the chance to relive the Expo magic.
Guests can walk from the Metro station to the open venues, so there should be a chance to stretch your legs and take in the district before the big opening on October 1.
Where to buy tickets
Tickets are available at https://tickets.expocitydubai.com/ticket-office. They can also be purchased at four box offices at Expo City Dubai from Thursday.
Will there be restaurants and other places to eat?
A host of food and beverage outlets are expected to reopen in October. However, there is no word yet on what exactly will be open for the September 1 launch, but visitors can expect organisers to have options on hand.
There is also no word yet on whether people see a return of Al Baik — the popular Saudi chicken outlet — and other staples, including the Irish Village.
So, watch this space.
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The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
UAE currency: the story behind the money in your pockets
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'Spies in Disguise'
Director: Nick Bruno and Troy Quane
Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones
Rating: 4 out of 5 stars
UAE WARRIORS RESULTS
Featherweight
Azouz Anwar (EGY) beat Marcelo Pontes (BRA)
TKO round 2
Catchweight 90kg
Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)
Split points decision
Welterweight
Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)
TKO round 1
Flyweight (women)
Lucie Bertaud (FRA) beat Kelig Pinson (BEL)
Unanimous points decision
Lightweight
Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)
TKO round 1
Catchweight 100kg
Marc Vleiger (NED) beat Mohamed Ali (EGY)
Rear neck choke round 1
Featherweight
James Bishop (NZ) beat Mark Valerio (PHI)
TKO round 2
Welterweight
Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)
TKO round 1
Middleweight
Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)
Unanimous points decision
Bantamweight
Fabio Mello (BRA) beat Mark Alcoba (PHI)
Unanimous points decision
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)
TKO round 1
Bantamweight
Trent Girdham (AUS) beat Jayson Margallo (PHI)
TKO round 3
Lightweight
Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)
TKO round 1
Middleweight
Tarek Suleiman (SYR) beat Steve Kennedy (AUS)
Submission round 2
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
TKO round 2
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
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yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.
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