Dubai Municipality labourers carry away their Ramadan care packages, donated by the Adopt-A-Camp charity. Ravindranath K / The National
Dubai Municipality labourers carry away their Ramadan care packages, donated by the Adopt-A-Camp charity. Ravindranath K / The National
Dubai Municipality labourers carry away their Ramadan care packages, donated by the Adopt-A-Camp charity. Ravindranath K / The National
Dubai Municipality labourers carry away their Ramadan care packages, donated by the Adopt-A-Camp charity. Ravindranath K / The National

Workers given surprise Ramadan care packages


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  • Arabic

DUBAI // The charity Adopt-a-Camp surprised about 2,000 municipality workers on Thursday with special Ramadan packages.

Saher Shaikh, the organisation’s founder, said about 300 volunteers, from children to chief executives of companies, participated in helping to distribute the hampers at the Repton School Dubai in Nad al Sheba.

While hundreds took part in helping to assemble the packages on Tuesday and Wednesday, only those individuals and companies sponsoring them were present on Thursday at the school’s gymnasium.

“It was a beautiful day,” Ms Shaikh said. “The heat outside was matched by the warmth of people’s hearts and their smiles.”

Volunteer Zahra Bawany helped to form a human chain, passing the hampers to each of the queuing workers.

People changed places in the line so that each person had a chance to give a hamper in person to one of the men, all of whom are employed by Dubai Municipality as gardeners and cleaners.

Each hamper contained more than 50 items, including new pillows, bed linen and socks. Other items included toiletries, cups and plates and energy biscuits, all amounting to a total of Dh125.

Many of the men, Ms Bawany said, appeared moved by the gesture. They had not been told of the event until buses that were supposed to take them back to their accommodation at 11am, the end of their shift, made a detour to the school instead.

“It was completely out of the blue for them,” said Ms Bawany, 18, a high-school graduate who has been volunteering since she was 12.

“We were not expecting for everyone to be so calm and so happy,” she said. “I was trying to hold back my tears and I am not an emotional person.”

Ms Shaikh called the event an opportunity for the community to show its appreciation to the men “who work behind the scenes to keep our city beautiful”.

In previous years the charity has distributed thousands of care packs to construction workers across the emirate. So far, more than 35,000 such packages have been distributed.

The charity is currently working in 53 labour compounds where more than 57,000 men are housed.

Besides the basic aid, it also provides English-language classes, vocational training, hygiene workshops and counselling to the labourers.

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vtodorova@thenational.ae

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

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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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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Famous left-handers

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

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Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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