emirati columnist Fatima for columnist picture. Photographed in New York city.
photo by Matt Carr *** Local Caption *** emirati columnist Fatima for columnist picture. Photographed in New York city.
photo by Matt Carr
Photograph by Matt Carr

The unifying power of Mecca



With summer coming to an end, I decided it was an absolute must to make a pit stop in Abu Dhabi to see my family, because I hadn't had the chance to experience Ramadan in the Emirates for nine years. Before I got back, my mother called, asking if I would be interested in going to Umrah after visiting the family. So, with the same sense of anticipation with which I had trekked off to Barcelona and Venice in recent weeks, I packed up my all-too-travel-ready bag and braced myself for my first trip to Mecca. The Umrah is a pilgrimage that, unlike Haj, can be undertaken any time of the year; it is not compulsory but highly recommended. The pilgrim (mu'tamir), sometimes referred to as a Haji, performs a series of rituals symbolising the lives of the prophet Abraham (Ibrahim) and his wife Hagar (Hajar) and demonstrating solidarity with Muslims worldwide. These acts of faith include performing the following:

Tawaf, which consists of circling the Kaaba seven times in a anticlockwise direction; Sa'i, which means rapidly walking seven times back and forth between the hills of Safa and Marwah, in a re-enactment of Hagar's frantic search for water before the Zamzam Well was revealed to her by God; Halq or taqsir, meaning cutting the hair, ranging from cutting off a snippet to shaving the head (an option for men).

At 4.30am, when I walked with my family through the mosque towards the Kaaba, I was filled with such emotion that I struggled to hold back tears. I was so used to seeing the familiar black cube on television, but seeing it surrounded by thousands of pilgrims all united in prayer was overwhelming. On my first night, I overheard people speaking in Turkish, French, Arabic, English and Farsi. Oddly enough, it made me think of New York and how the city is made up of a mass of people from all parts of the world. The Big Apple's multinational population can reinforce people's individualism, but in Mecca, the atmosphere is much more conducive to creating a sense of community. You couldn't help but feel at home as people shared their food to break fast and tried to accommodate one another's space during prayer, despite the crowds.

In a study last year, American researchers surveyed 1,600 Pakistanis to see whether doing Haj made them more "moderate" (consistent with the favourite American pastime in recent years, which has been to speculate that any Muslim gathering could be a potential breeding ground for fanatical extremism). Half of those surveyed performed Haj, and the other half wanted to go but didn't get visas to go.

The researchers concluded that those who went came back with more moderate views on a range of issues, both religious and non-religious. Not surprising: after all, wasn't going to Mecca the experience that transformed the racial perspective of Malcolm X, when he saw that people of all skin colours could be Muslims? How could standing for hours during taraweeh prayer among thousands of people not help promote tolerance and understanding?

I am not proposing that mass prayers be organised in New York City, but I think the one thing it and Mecca have in common is exposure to different cultures, which is so essential to tolerance. So while New York has exposed me to all races, religions and nationalities, Mecca showed me that all these different people can come together as one.

 

 

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

MATCH INFO

Chelsea 0

Liverpool 2 (Mane 50', 54')

Red card: Andreas Christensen (Chelsea)

Man of the match: Sadio Mane (Liverpool)

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

Results

6.30pm Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m, Winner Bandar, Fernando Jara (jockey), Majed Al Jahouri (trainer).

7.05pm Meydan Classic Listed (TB) $175,000 (Turf) 1,600m, ​​​​​​​Winner Well Of Wisdom, William Buick, Charlie Appleby.

7.40pm Handicap (TB) $135,000 (T) 2,000m, ​​​​​​​Winner Star Safari, Mickael Barzalona, Charlie Appleby.

8.15pm Handicap (TB) $135,000 (D) 1,600m, Winner Moqarrar, Fabrice Veron, Erwan Charpy.

8.50pm Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m, Winner Secret Advisor, William Buick, Charlie Appleby.

9.25pm Curlin Stakes Listed (TB) $175,000 (D) 2,000m, ​​​​​​​Winner Parsimony, William Buick, Doug O’Neill.

10pm Handicap (TB) $135,000 (T) 2,000m, Winner Simsir, Ronan Whelan, Michael Halford.

10.35pm Handicap (TB) $175,000 (T) 1,400m, ​​​​​​​Winner Velorum, Mickael Barzalona, Charlie Appleby.

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.”

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Match info

Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Arabian Gulf Cup FINAL

Al Nasr 2

(Negredo 1, Tozo 50)

Shabab Al Ahli 1

(Jaber 13)

Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

How champions are made

Diet
7am - Protein shake with oats and fruits
10am - 5-6 egg whites
1pm - White rice or chapati (Indian bread) with chicken
4pm - Dry fruits
7.30pm - Pre workout meal – grilled fish or chicken with veggies and fruits
8.30pm to midnight workout
12.30am – Protein shake
Total intake: 4000-4500 calories
Saidu’s weight: 110 kg
Stats: Biceps 19 inches. Forearms 18 inches

EA Sports FC 24

Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, PC and Xbox One
Rating: 3.5/5


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