• A woman takes a picture of herself at Clifton beach on the last day of the Eid Al Fitr holidays in Karachi. AFP
    A woman takes a picture of herself at Clifton beach on the last day of the Eid Al Fitr holidays in Karachi. AFP
  • Residents gather during the Eid holidays at Kota Tua in Jakarta, Indonesia. EPA
    Residents gather during the Eid holidays at Kota Tua in Jakarta, Indonesia. EPA
  • Libyans gather around performers at the Bab Al Jadid gate in the old city of the capital Tripoli. AFP
    Libyans gather around performers at the Bab Al Jadid gate in the old city of the capital Tripoli. AFP
  • A woman attends Eid Al Fitr prayers at Kashmiri Masjid in Kathmandu, Nepal. EPA
    A woman attends Eid Al Fitr prayers at Kashmiri Masjid in Kathmandu, Nepal. EPA
  • Muslims offer Eid Al Fitr prayers at the end of Ramadan in Karachi, Pakistan. AP
    Muslims offer Eid Al Fitr prayers at the end of Ramadan in Karachi, Pakistan. AP
  • People greet each other after offering a special morning prayer on Eid Al Fitr at Jama Masjid Khairuddin in Amritsar, India. AFP
    People greet each other after offering a special morning prayer on Eid Al Fitr at Jama Masjid Khairuddin in Amritsar, India. AFP
  • An elderly Muslim man exchanges greetings with children after special morning prayers on Eid Al Fitr in Karachi. AFP
    An elderly Muslim man exchanges greetings with children after special morning prayers on Eid Al Fitr in Karachi. AFP
  • Girls hold balloons during Eid Al Fitr celebrations in Karachi. AFP
    Girls hold balloons during Eid Al Fitr celebrations in Karachi. AFP
  • Women attend Eid Al Fitr prayers at Kashmiri Masjid in Kathmandu, Nepal. EPA
    Women attend Eid Al Fitr prayers at Kashmiri Masjid in Kathmandu, Nepal. EPA
  • People arrive for Eid Al Fitr prayers at the Baitul Mukarram National Mosque in Dhaka, Bangladesh. EPA
    People arrive for Eid Al Fitr prayers at the Baitul Mukarram National Mosque in Dhaka, Bangladesh. EPA
  • Worshippers offer a special morning prayer at Galle Face Esplanade in Sri Lanka. AFP
    Worshippers offer a special morning prayer at Galle Face Esplanade in Sri Lanka. AFP
  • Palestinian children play during Eid Al Fitr in Rahaf, southern Gaza Strip. AFP
    Palestinian children play during Eid Al Fitr in Rahaf, southern Gaza Strip. AFP
  • A boy plays during Eid Al Fitr festivities in Kolkata, India. AFP
    A boy plays during Eid Al Fitr festivities in Kolkata, India. AFP
  • People raft down the Hasbani River, a major tributary of the Jordan, near the Israeli kibbutz of Kfar Blum during Eid Al Fitr. AFP
    People raft down the Hasbani River, a major tributary of the Jordan, near the Israeli kibbutz of Kfar Blum during Eid Al Fitr. AFP
  • Worshippers offer special morning prayers on Eid Al Fitr in Pakistan's Sindh Province. AFP
    Worshippers offer special morning prayers on Eid Al Fitr in Pakistan's Sindh Province. AFP
  • People take part in an amusement ride at a funfair during Eid Al Fitr celebrations at Small Heath Park in Birmingham, UK. Reuters
    People take part in an amusement ride at a funfair during Eid Al Fitr celebrations at Small Heath Park in Birmingham, UK. Reuters
  • Little girls walk in the grass after attending Eid Al Fitr prayers in Bucharest, Romania. AP
    Little girls walk in the grass after attending Eid Al Fitr prayers in Bucharest, Romania. AP
  • Muslims perform Eid Al Fitr prayers in an outdoor area in Lagos, Nigeria. AP
    Muslims perform Eid Al Fitr prayers in an outdoor area in Lagos, Nigeria. AP
  • Children enjoy riding a roadside donkey during Eid Al Fitr celebrations in Peshawar, Pakistan. EPA
    Children enjoy riding a roadside donkey during Eid Al Fitr celebrations in Peshawar, Pakistan. EPA
  • Women perform Eid Al Fitr prayers in Rome. AP
    Women perform Eid Al Fitr prayers in Rome. AP
  • Children enjoy a swing ride during Eid Al Fitr in the port city of Sidon, Lebanon. Reuters
    Children enjoy a swing ride during Eid Al Fitr in the port city of Sidon, Lebanon. Reuters
  • Sudanese worshippers gather for the Eid Al Fitr prayer in Khartoum. AP
    Sudanese worshippers gather for the Eid Al Fitr prayer in Khartoum. AP
  • A man holds a child while attending the Eid Al Fitr morning prayers at a football stadium in Addis Ababa, Ethiopia. AFP
    A man holds a child while attending the Eid Al Fitr morning prayers at a football stadium in Addis Ababa, Ethiopia. AFP
  • Muslims praying at Skenderbej Square in Tirana, Albania, on the first day of Eid Al Fitr. AFP
    Muslims praying at Skenderbej Square in Tirana, Albania, on the first day of Eid Al Fitr. AFP
  • Worshippers listen to Eid Al Fitr morning prayers at a football stadium in Addis Ababa, Ethiopia. AFP
    Worshippers listen to Eid Al Fitr morning prayers at a football stadium in Addis Ababa, Ethiopia. AFP
  • Worshippers arrive for Eid prayers in Birmingham, UK. Reuters
    Worshippers arrive for Eid prayers in Birmingham, UK. Reuters
  • A cool young customer on the first day of Eid Al Fitr in Basra, southern Iraq. AFP
    A cool young customer on the first day of Eid Al Fitr in Basra, southern Iraq. AFP
  • Syrians in traditional Damascene dress perform in front of the Grand Mosque in the rebel-held north-western city of Idlib. AFP
    Syrians in traditional Damascene dress perform in front of the Grand Mosque in the rebel-held north-western city of Idlib. AFP
  • Kenyan Muslims stand for Eid prayers in Mombasa.
    Kenyan Muslims stand for Eid prayers in Mombasa.
  • Eid Al Fitr prayers at the Mevlana Mosque in Rotterdam, Netherlands. EPA
    Eid Al Fitr prayers at the Mevlana Mosque in Rotterdam, Netherlands. EPA
  • A worshipper prays in Bishkek, Kyrgyzstan. AFP
    A worshipper prays in Bishkek, Kyrgyzstan. AFP
  • Muslims attend Eid Al Fitr morning prayers outside Central Sobornaya Mosque in Moscow. EPA
    Muslims attend Eid Al Fitr morning prayers outside Central Sobornaya Mosque in Moscow. EPA
  • A vendor in Baghdad sells warm milk with honey on the first day of Eid Al Fitr. Reuters
    A vendor in Baghdad sells warm milk with honey on the first day of Eid Al Fitr. Reuters
  • Devotees perform Eid Al Fitr prayers at the Noor Mosque in Kampala, Uganda. AFP
    Devotees perform Eid Al Fitr prayers at the Noor Mosque in Kampala, Uganda. AFP
  • Worshippers wait in the rain for Eid Al Fitr prayers at the Mosque of Athens, Greece. AP
    Worshippers wait in the rain for Eid Al Fitr prayers at the Mosque of Athens, Greece. AP
  • Bosnians pray on the first morning of Eid Al Fitr, outside the mosque of Gazi-Husref Beg, in Sarajevo. AFP
    Bosnians pray on the first morning of Eid Al Fitr, outside the mosque of Gazi-Husref Beg, in Sarajevo. AFP
  • Thousands of people attended prayers in Makkah and Madinah, Saudi Arabia. Photo: SPA
    Thousands of people attended prayers in Makkah and Madinah, Saudi Arabia. Photo: SPA
  • People pray outside the historic Hagia Sophia Mosque, in Istanbul. AP
    People pray outside the historic Hagia Sophia Mosque, in Istanbul. AP
  • Thousands gather outside Al Seddik Mosque in Cairo, Egypt. EPA
    Thousands gather outside Al Seddik Mosque in Cairo, Egypt. EPA
  • Children play outside the King Abdulaziz Mosque in Riyadh, Saudi Arabia. Reuters
    Children play outside the King Abdulaziz Mosque in Riyadh, Saudi Arabia. Reuters
  • A boy follows proceedings at the Grand Mosque in Pristina, Kosovo. AFP
    A boy follows proceedings at the Grand Mosque in Pristina, Kosovo. AFP
  • People pray in Bishkek, Kyrgyz Republic. EPA
    People pray in Bishkek, Kyrgyz Republic. EPA
  • Kenyan Muslims offer prayers outside Masjid As Salaam, in Nairobi. AP
    Kenyan Muslims offer prayers outside Masjid As Salaam, in Nairobi. AP
  • People exchange greetings after prayers in Peshawar, Pakistan. EPA
    People exchange greetings after prayers in Peshawar, Pakistan. EPA
  • A man distributes sweets in front of the Dome of the Rock Mosque, in Old Jerusalem. AFP
    A man distributes sweets in front of the Dome of the Rock Mosque, in Old Jerusalem. AFP
  • Thousands worship at the Baiturrahman Great Mosque in Aceh, Indonesia. Reuters
    Thousands worship at the Baiturrahman Great Mosque in Aceh, Indonesia. Reuters
  • Albanian Muslims pray at Skanderbeg Square, in Tirana. Reuters
    Albanian Muslims pray at Skanderbeg Square, in Tirana. Reuters
  • Muslims attend mass prayers at Dian Al-Mahri mosque, also known as Golden Dome Mosque, during Eid al-Fitr, marking the end of the holy fasting month of Ramadan, in Depok, on the outskirts of Jakarta, Indonesia, May 2, 2022, in this photo taken by Antara Foto. Antara Foto/Asprilla Dwi Adha/ via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. INDONESIA OUT. NO COMMERCIAL OR EDITORIAL SALES IN INDONESIA.
    Muslims attend mass prayers at Dian Al-Mahri mosque, also known as Golden Dome Mosque, during Eid al-Fitr, marking the end of the holy fasting month of Ramadan, in Depok, on the outskirts of Jakarta, Indonesia, May 2, 2022, in this photo taken by Antara Foto. Antara Foto/Asprilla Dwi Adha/ via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. INDONESIA OUT. NO COMMERCIAL OR EDITORIAL SALES IN INDONESIA.
  • A man waits with his prayer mat before morning prayers in Bangkok, Thailand. AFP
    A man waits with his prayer mat before morning prayers in Bangkok, Thailand. AFP
  • Prayers at the Jakarta International Stadium, Indonesia. Reuters
    Prayers at the Jakarta International Stadium, Indonesia. Reuters
  • People enjoy a lighter moment at the Bani Hashim Mosque in Abu Dhabi, after Eid Al Fitr prayers. Victor Besa/The National
    People enjoy a lighter moment at the Bani Hashim Mosque in Abu Dhabi, after Eid Al Fitr prayers. Victor Besa/The National
  • Prayers were held across the UAE early on Monday to mark the start of Eid Al Fitr. Pawan Singh / The National
    Prayers were held across the UAE early on Monday to mark the start of Eid Al Fitr. Pawan Singh / The National
  • Women and children gather on the roof of a mosque for Eid prayers in Metro Manila, Philippines. EPA
    Women and children gather on the roof of a mosque for Eid prayers in Metro Manila, Philippines. EPA
  • Worshippers arrive at a mosque in Kuala Lumpur, Malaysia. EPA
    Worshippers arrive at a mosque in Kuala Lumpur, Malaysia. EPA
  • A child sleeps while people pray in Kuala Lumpur. EPA
    A child sleeps while people pray in Kuala Lumpur. EPA
  • A girl holds a balloon as women pray at Parangkusumo beach, Indonesia. Getty Images
    A girl holds a balloon as women pray at Parangkusumo beach, Indonesia. Getty Images
  • Thousands pray at Baiturrahman Grand Mosque, Banda Aceh, Indonesia. EPA
    Thousands pray at Baiturrahman Grand Mosque, Banda Aceh, Indonesia. EPA
  • Workers perform prayers in Malang, Indonesia. Getty Images
    Workers perform prayers in Malang, Indonesia. Getty Images
  • A Quran recital at the Lekamba mosque in western Sydney, Australia. AFP
    A Quran recital at the Lekamba mosque in western Sydney, Australia. AFP

Eid Al Fitr celebrations around the world - in pictures


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More from The National:

Eid Al Fitr 2022: UAE leaders offer greetings to Muslims worldwide

Eid Al Fitr morning prayers held at mosques across UAE

Thousands mark Eid Al Fitr with prayers in Makkah and Madinah

Eid babies are a joyous gift for parents

THE BIG MATCH

Arsenal v Manchester City,

Sunday, Emirates Stadium, 6.30pm

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

UAE currency: the story behind the money in your pockets
Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

The specs: 2019 GMC Yukon Denali

Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm​​​​​​​
​​​​​​​Fuel economy, combined: 12.9L / 100km

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

3%20Body%20Problem
%3Cp%3E%3Cstrong%3ECreators%3A%3C%2Fstrong%3E%20David%20Benioff%2C%20D%20B%20Weiss%2C%20Alexander%20Woo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBenedict%20Wong%2C%20Jess%20Hong%2C%20Jovan%20Adepo%2C%20Eiza%20Gonzalez%2C%20John%20Bradley%2C%20Alex%20Sharp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

MATCH STATS

Wolves 0

Aston Villa 1 (El Ghazi 90 4' pen)

Red cards: Joao Moutinho (Wolves); Douglas Luiz (Aston Villa)

Man of the match: Emi Martinez (Aston Villa)

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

In 2018, the ICRC received 27,756 trace requests in the Middle East alone. The global total was 45,507.

 

There are 139,018 global trace requests that have not been resolved yet, 55,672 of these are in the Middle East region.

 

More than 540,000 individuals approached the ICRC in the Middle East asking to be reunited with missing loved ones in 2018.

 

The total figure for the entire world was 654,000 in 2018.

Is it worth it? We put cheesecake frap to the test.

The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?

My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.

The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.

So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.

 

 

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
ABU%20DHABI%20CARD
%3Cp%3E%0D%3Cstrong%3E5pm%3A%3C%2Fstrong%3E%20Al%20Rabi%20Tower%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%201%2C400%0D%3Cbr%3E%3Cstrong%3E5.30pm%3A%3C%2Fstrong%3E%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E6pm%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Championship%20%E2%80%93%20Listed%20(PA)%20Dh180%2C000%20(T)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E6.30pm%3A%3C%2Fstrong%3E%20Hili%20Tower%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%202%2C200m%0D%3Cbr%3E%3Cstrong%3E7pm%3A%20%3C%2Fstrong%3EUAE%20Arabian%20Derby%20%E2%80%93%20Prestige%20(PA)%20Dh150%2C000%20(T)%202%2C200m%0D%3Cbr%3E%3Cstrong%3E7.30pm%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Championship%20%E2%80%93%20Listed%20(TB)%20Dh380%2C000%20(T)%202%2C200m%3C%2Fp%3E%0A
The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai

SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

Updated: May 02, 2022, 8:17 AM