RAS AL KHAIMAH // It began as an antidote to mall culture. Mohamed al Shehhi admits he was once a mall addict. Now he teaches tourists, residents and young Emiratis there is more to modern UAE culture than skyscrapers by hosting tours of "the real UAE".
The trips are nothing like the typical desert safaris touted to tourists. There is no Lebanese food and no Egyptian belly dance music. Instead, the young men take visitors to their favourite haunts.
"You see a gap between Emiratis and tourists," said Mr al Shehhi, who works as a policeman when he's not attending college. "They have their own hotels, their own facilities and different trips. It's nothing about the UAE. We want to give a picture of our society: how we have fun, how we spend our free time."
Options include desert barbecues, hikes to mountain farms, kayaking on the corniche or fishing off a pier.
The group call themselves Igrab, a word from UAE dialect that translates roughly as 'hospitality' but can mean 'be with me, share my food, be my friend'.
Igrab introduces the everyday culture that plays out in the homes and backyards of Emiratis across the country.
"The foundation of tourism in our country is moving in the wrong way," said Mr al Shehhi. "They consider building and hotels, not the culture, not the society of the UAE."
The men behind Igrab say they hope there will be more Emirati participation in the sector following the launch of RAK's new tourism authority and recent government support for entrepreneurs.
"We are hopeful now because the country is considering tourism," said Jassem al Khomere, 21, an Igrab guide and a pilot for Emirates Airline. "If you have the idea, if you have the good plan, you will have the sponsorship and support from the country."
For now, the tour is staffed by volunteers.
"We don't want to be a company, we will loose our truth," said Mr al Shehhi. "The hospitality is in our tradition; it's not a new thing."
He joked that their offer of homemade bread and date syrup served on a one-hour tour does not go far enough.
"If our grandfathers saw us they would punish us," said Mr al Shehhi. "If they have a guest they must have a whole goat."
His mother, the cook, is fully supportive. In fact, Mr al Shehhi said women are welcome in his home to learn Emirati cooking or tour his mother's farm, famous for its pomegranates. Future plans include visits to women's centre so tourists can buy handmade crafts as a remedy to Mr al Shehhi's distaste for the overabundance of camel paraphernalia.
Mr al Shehhi and his friend see a future in tourism.
"We actually want to take control of it," said Mohammed Bu Showairb, 21, a member of Igrab. "When our friend went on a desert safari and he saw how they do the falcons and the camels, he was jealous of it. He said, 'I can do that myself'."
"Tourists take the idea that everyone here is Bedouin, but we are many cultures. We are farmers, we are fishermen."
They hope to involve others to spread the idea of igrab.
"It must not be an exclusive programme for our group, it must be a culture," said Mr al Shehhi. "I am taking as a challenge that every tourist who comes here now he must know the meaning of igrab at the airport. It's a challenge for us that this word will stay for the next generations that come."
azacharias@thenational.ae
match details
Wales v Hungary
Cardiff City Stadium, kick-off 11.45pm
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
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Killing of Qassem Suleimani
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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.”