The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr
“I live in Al Ain but I’d die for Al Wasl.” Salem Alkarbi is only (half) joking. But what’s no joke is his dedication to Al Wasl Football Club.
The Emirati superfan holds the Guinness World Record for the world’s longest fan scarf; received a letter from US president Barack Obama when he sent him an Al Wasl club jersey; and even gave a present of a baby camel to Diego Maradona’s grandson when he was manager.
Alkarbi is from Al Ain and works for Tawazun in Abu Dhabi. Why does he support a Dubai-based club? “Many people from Dubai support Al Ain and many from Abu Dhabi like Al Ain and Al Wasl. It’s normal. Even if it’s a long time since we won a title, it’s in the heart.”
His connection to one of the most decorated football clubs in the country goes back to 1992. The previous season of the UAE Football League, now the Arabian Gulf League, was disrupted because of the Gulf War. But the following year it went down to the last game of the season.
Every day after school, seven-year-old Alkarbi would watch cartoons or wrestling. But on this day, every channel was showing a certain football match.
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“I watched it because I had no choice. Afterwards, I saw the players jumping and happy! What happened? Al Wasl had won.”
Al Wasl had beaten Kalba to clinch the 1992 title and so began Alkarbi’s enduring affiliation with the team known as the Cheetahs. Based at the Zabeel Stadium in Dubai, the team has a glittering history, winning seven league titles (the last in 2007), two UAE President’s Cups and the GCC Club Cup in 2010. Al Wasl’s Fahad Khamees is the Arabian Gulf League’s all-time top scorer.
Life as an ordinary supporter was never for Alkarbi, especially when all his brothers support Al Ain.
“To be a fan is not only to go to the stadium, show tickets, eat popcorn and say “hey pass the ball” and leave. No. I want to be creative.”
So in August 2008, Alkarbi created a fan website. It’s hard to believe now but then there was no Instagram. Twitter had been launched two years before and the widespread use of social media had yet to reach the UAE. The website was a place where fans could talk, argue and reminisce about the club. But this was not enough. When AlKarbi watched Barack Obama give his inauguration address in Washington DC in January 2009, he imagined the president wearing an Al Wasl jersey. So he made him a personalised one with 44 emblazoned on the back, sent it to him via the US embassy here and about eight months later came back a letter from Obama wishing the club well.
But he was not finished. “After Obama, everyone asked what’s next? That pushed me. Do something new and crazy and don’t copy things. I saw the Guinness book and thought why don’t I have a page inside?”
So after four years planning, a tailor in Sharjah made the world’s longest fan scarf in 12 days. It measures 1,192.5 metres and was certified by the Guinness Book of World Records at Al Wasl Sports Club on March 27, 2014.
“Every day, I say good morning. It’s like my baby,” he says with a chuckle.
Alkarbi’s mind is never far from the fortunes of Al Wasl and the greatest ire is reserved for neighbours and great rivals Al Nasr. This is the game that everyone wants to win – equivalent to Manchester City v Manchester United.
Before a big match the taunting starts on social media. "We have a special song for Al Nasr – we named them penguins. Why? Because they have penguins at Nasr Leisureland and they are small. But we are the cheetahs."
Now Alkarbi has started his own football charity. Called "Beyond the Boundaries of Football", he tries to help disadvantaged children, especially orphans and victims of domestic violence. So far he's been to 18 countries including Somalia, Saudi Arabia, Zimbabwe, Belarus, Egypt, Uganda, the Philippines and Bangladesh bringing Al Wasl and UAE jerseys, organising games, giving out toys and awarding trophies to help these youngsters find some joy in their lives again. Alkarbi works with local clubs and charities, runs it on his Instagram page and a website is set to follow.
But for the moment, all roads lead to Zabeel Stadium on Friday night where Al Wasl host Abu Dhabi’s Al Wahda in a crunch tie. “It will be crazy and whoever wins will be top.”
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.”
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
UAE currency: the story behind the money in your pockets
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
The biog
Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr