On the apron of Fujairah airport, a Boeing 737-800 has just landed from Warsaw where temperatures can currently reach -6C. Onboard the Enter Air charter are about 200 passengers who’ve escaped this winter freeze for a break in the sun.
As they stream into the terminal after the five-hour flight, the sun is setting over the Hajar Mountains. Shuttle buses pull up outside and tour guides are ready in arrivals.
This scene is a familiar one in Fujairah since direct charter flights between the Polish capital and the emirate were launched in 2016. While the numbers of passenger movements at the airport are low when compared with other major UAE airports, this is the second season of these direct charters. More than 4,000 Polish tourists, including families, couples and friends, arrive in Fujairah every week between November and late March. Some stay in the emirate for two weeks, while others visit Dubai, Abu Dhabi and Oman. Every flight is full.
In the departure lounge are Michael Domagallo, his wife Kate and children Amelia, 3, and Jacob, 6. The family are from Warsaw and have just spent two weeks at the Le Meridien hotel in Al Aqah. It was their first trip to the UAE.
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Read more:
Northern Emirates a big draw for tourists
Almost 200 tourists are first to fly direct from Poland to Fujairah
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“We wanted to visit the UAE because of the weather. Other destinations we looked at were in the Caribbean or even farther away but [with] children … this is an excellent destination.”
Unlike most of the others on the flight, Mr Domagallo and his family booked their own hotel and rented a car for trips to Dubai.
“We were a little worried before we came as it was our first visit to the Emirates and we were not sure [what to expect]. But it was fantastic and we plan to come back ... We liked the people, weather and the atmosphere.”
Sitting a few rows down is Zenon Mileiva. “The country is very beautiful, very nice,” he said. Beside him is his friend Nelnea, who enjoyed the off-roading and the food over the three nights spent in the emirate. “Our hotel was the Royal Beach,” she said. “It is a nice place to spend time. We saw the Hajar Mountains and a wadi.”
Sitting in a corner of the hall with his parents is 18-year-old Wojaek Kielec, who has spent just a night in Fujairah, several in Dubai and Oman. “My favourite part was Dubai because we do not have such skyscrapers [in Poland] so it was quite a new experience.”
The charter flights are part an agreement between Rainbow Tourism Group and the Fujairah Tourism and Antiquities Authority. Rida International Tourism and Travel is the ground handling agent in the UAE for the Polish charter. It takes care of the local tours, bookings and transport. Anna Spora is ground operations manager and was waiting in the arrivals hall to greet the passengers coming through.
“Fujairah was picked for the beach resorts and five-star hotels,” she said.
“Mostly the tourists come to rest and spend time on the beach, especially in the winter when in Poland it's really cold. It’s a new destination for the clients and most are coming for the first time – but we have a lot of repeat customers – 10 to 15 per cent.”
Back outside on the apron as the passengers arrive into the terminal is the airport’s acting general manager, Charles Hajdu.
“I really like to see this type of activity at an airport like this,” said Mr Hajdu, who is from the UK. “It makes me feel very happy.
“We have feedback forms [from the tourists] and all are very positive. This time of year it’s the weather. Coming from Northern Europe, this is exactly what you want.”
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
The%20specs
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'The Ice Road'
Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne
2/5
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
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
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.”
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Company%20Profile
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Sweet%20Tooth
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The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
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
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh132,000 (Countryman)
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now