Emirates Red Crescent volunteers distribute iftar boxes and water to motorists waiting at red lights in the Mushrif area of Abu Dhabi. Ravindranath K / The National
Emirates Red Crescent volunteers distribute iftar boxes and water to motorists waiting at red lights in the Mushrif area of Abu Dhabi. Ravindranath K / The National
Emirates Red Crescent volunteers distribute iftar boxes and water to motorists waiting at red lights in the Mushrif area of Abu Dhabi. Ravindranath K / The National
Emirates Red Crescent volunteers distribute iftar boxes and water to motorists waiting at red lights in the Mushrif area of Abu Dhabi. Ravindranath K / The National

The volunteers who hand out iftar meals to fasting motorists


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ABU DHABI // Being stuck at a red light as the minutes slowly tick down to iftar time can be frustrating for fasting motorists, especially if they do not have food or water on hand.

Hunger and fatigue behind the wheel can result in road rage and dangerous driving as people rush to make it home in time.

But help is at hand – Emirates Red Crescent volunteers are spending their evenings distributing iftar boxes to drivers at traffic signals throughout Ramadan.

Emirati Falah Al Harthi, 20, said he understood what people were going through being stuck in traffic close to maghreb prayers.

“I know what it feels like in that situation when you are fasting and are out at iftar time,” said the student, who was handing out boxes on Airport Road. “There is an eagerness to get home quickly and break your fast.

“People tell me I saved their life when I hand them these boxes at the signals, because they all want to get home early. There have been instances where people go really fast and I feel bad for them.

“I ask them to slow down and hand them a box and tell them even you drive at 80kph or 20kph, you will get home eventually.”

Handing out food boxes to weary drivers is great way to do good during Ramadan, Mr Al Harthi said.

“Ramadan is a time to do good deeds and as a Muslim it is a great thing to do, to help people break their fast. This is why I do this every evening I have free.”

Moroccan Sukaina Bouijourar agreed that helping fasting drivers was in keeping with the spirit of the holy month.

“This is the month of giving and helping people. It is my passion to help people and see them happy, especially when they are fasting,” said Ms Bouijourar, an Etihad flight attendant said.

“As soon as you give them water, they feel so happy and instead of rushing home quickly they lower their pace and are not in a rush any more.”

Volunteers hand out iftar boxes to every driver, whether they are fasting or not.

“The purpose of this service is to break our fast with someone, so we do not choose who to give the iftar boxes to, Muslim or non-Muslim. It is all the same to us and we want to break our fast with them,” Ms Bouijourar said.

The volunteers are accompanied by Abu Dhabi Police to ensure their safety as they walk between cars.

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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.”