ABU DHABI // The city's leading hypermarkets have hired undercover security staff in an effort to combat a recent spate of shoplifting.
At least two shoplifters were caught each day at Lulu Hypermarket in Al Wahda Mall, said PV Ajay Kumar, the store's general manager.
"We have one person who roams the sales floor," said Mr Kumar. "If he sees someone stealing, he notifies management and the uniformed guards, who detain the shoplifter until the police arrive."
Last month, police arrested a woman in her 40s for stealing Dh400 (US$108.90) worth of merchandise from Lulu at Al Wahda Mall.
"One of our security personnel saw her stealing," said Mr Kumar. "As she was leaving the store, she was detained by uniformed guards and brought up to management, who called the police. A short time later, the police arrived and took her to the police station."
Also last month, two women who stole goods worth Dh4,000 from three shops at Al Wahda Mall were sentenced to one year in prison.
Both Lulu and Carrefour have hired undercover security personnel to patrol their aisles.
At Carrefour in Marina Mall, a security guard employed by Al Jaber Co., which is under contract with Carrefour, said two store detectives patrolled the sales floor at all times, resulting in the apprehension of four shoplifters on most days.
A Carrefour security manager, who was identified only as Imad, confirmed that store detectives were used by the company, but declined to reveal how many shoplifting incidents occurred each day.
Stores in Abu Dhabi have only recently started using plainclothes security personnel, who are not regulated by the Private Security Business Section (PSBS) of the Abu Dhabi Police's government and diplomatic protection department, which oversees the licensing of uniformed security guards.
Rory Mallon, the regional manager for Group 4 Securicor, which has been operating in the UAE since 1994 and is one of the largest security service providers in the world, said: "Store detectives operate in a grey area which has yet to be regulated. The current laws regulate uniformed security guards, which have to pass an exam in order to be licensed."
Plainclothes officers from the Shabbya police station were assigned to Al Wahda Mall and called upon as needed, said Ibrahim Zaki, the mall's security manager.
Each of the malls have similar agreements with the police.
While individual stores hire undercover security staff, Al Wahda Mall does not.
"Some stores in the mall have store detectives," said Mr Zaki. "Last month, two women were spotted stealing from one store. When mall security was notified, the two women were confronted by uniformed security personnel.
"Upon being searched, the women were found with over Dh4,000 worth of unpaid for merchandise, which had been stolen from three different stores. The police were notified and the women were prosecuted and sentenced to one year in prison.
"Both women were teachers at a local college. They were dressed nicely and didn't look like thieves."
A manager at Abu Dhabi Mall, who asked not to be named, said they dealt with about 10 shoplifting cases each month. "We simply ask the shoplifter to pay for what he has taken. If he cannot, we call the police."
Abu Dhabi Mall claims to have the most advanced closed-circuit television system of any mall in the UAE, with 200 cameras and a security control room that is continuously monitored by two guards.
Mr Zaki said he would like to see a law similar to that used in some parts of the US enacted here, allowing merchants to sue shoplifters to recuperate some of the costs associated with hiring security.
"Merchants often raise their prices to compensate for items that are stolen, so we all, as consumers, end up paying out of our own pockets for what dishonest people steal."
@Email:ealghalib@thenational.ae
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
The biog
Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"
Match info
Uefa Champions League Group B
Tottenham Hotspur 1 (Eriksen 80')
Inter Milan 0
Defending champions
World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack
Terminal High Altitude Area Defense (THAAD)
What is THAAD?
It is considered to be the US' most superior missile defence system.
Production:
It was first created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.
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.”
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UAE currency: the story behind the money in your pockets
Match info
What: Fifa Club World Cup play-off
Who: Al Ain v Team Wellington
Where: Hazza bin Zayed Stadium, Al Ain
When: Wednesday, kick off 7.30pm
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Poacher
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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
The%20specs
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
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