Hiba Balfaqih at her villa in the Springs in Dubai. Pawan Singh / The National
Hiba Balfaqih at her villa in the Springs in Dubai. Pawan Singh / The National
Hiba Balfaqih at her villa in the Springs in Dubai. Pawan Singh / The National
Hiba Balfaqih at her villa in the Springs in Dubai. Pawan Singh / The National

Portrait of a Nation: The woman who turned her grief into a 'smashing' success


Salam Al Amir
  • English
  • Arabic

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

After feeling like she was stuck in rut for years, it took Hiba Balfaqih a chronic disease and the loss of two of her closest family members before she decided to change her life and live it the way she wants to.
In 2016, Ms Balfaqih lost her father and then, last year, her grandmother. A diabetes diagnosis followed, and the entrepreneur, psychologist and self-proclaimed storyteller became determined to make the most of life and channel her energies into something she was passionate about.

The 31-year-old holds a masters degree in psychology from the University of Arizona and has studied Neuro-Linguistic Programming, which is the use of inner dialogue to influence positive thinking and behavior. She used her knowledge to launch The Startup Factory – a "one stop shop for all your business needs". It focused on helping the average person get all the knowledge and support they need to start a business.
"For every client we take on, we create a tailored plan suited for their specific and special situation and personality. I'm not interested in creating a one-size-fits-all guidebook to business, because that doesn't get real results," she said.

Hiba Balfaqih with her The Smash Room co-owner Ibriham Abudyak in Al Quoz, Dubai. Chris Whiteoak / The National
Hiba Balfaqih with her The Smash Room co-owner Ibriham Abudyak in Al Quoz, Dubai. Chris Whiteoak / The National

"Our philosophy is to add value and help, before we think about profit. If we can help one person avoid making a business mistake, we've done our job well. If we work together, we're doing it for the long run. There are no quick fixes for sustainable, long-term change."
The Yemeni-Canadian also has a much more unusual way to help others: earlier this year, she co-founded The Smash Room in Dubai, offering people the chance to vent their pent up rage and anger by demolishing things using their weapon of choice, such as a baseball bat, in a safe and controlled environment.
The 31-year-old does not consider herself a vandal or an anarchist, but life has taught her that sometimes we all need to lash out to help ourselves heal emotionally.
In January, Ms Balfaqih launched another project – her own YouTube channel offering "therapy in 45 seconds" in video form. She offers viewers a dose of encouragement and self-confidence to help them overcome their personal obstacles and struggles.

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“The feedback from people has been heartwarming. I slowly began to build followers on YouTube and got into motivational speaking and coaching,” she said.

Her family were skeptical in the beginning but now they are all proud fans. They come to all her talks and speeches and always ask her to help their friends. 
It's not all been plane sailing, though. Ms Balfaqih has had some serious setbacks and failures in life and business, but she has been able to bounce back and leverage this experience to help guide others.
"I want to arm people with a roadmap for life and the successful habits they need to navigate it," she said.

Her life philosophy is "self improvement is a journey with no set end".

“It’s my intention to help as many people make it the best, most rewarding journey possible.”

Company%20profile
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Blonde
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Racecard

2pm Handicap Dh 90,000 1,800m

2.30pm Handicap Dh120,000 1,950m

3pm Handicap Dh105,000 1,600m

3.30pm Jebel Ali Classic Conditions Dh300,000 1,400m

4pm Maiden Dh75,000 1,600m

4.30pm Conditions Dh250,000 1,400m

5pm Maiden Dh75,000 1,600m

5.30pm Handicap Dh85,000 1,000m

 

The National selections:

2pm Arch Gold

2.30pm Conclusion

3pm Al Battar

3.30pm Golden Jaguar

4pm Al Motayar

4.30pm Tapi Sioux

5pm Leadership

5.30pm Dahawi

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)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.”

'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.

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball