World leaders will be served an all-vegetarian meal at the official dinner of the G20 Summit in New Delhi.
New Delhi is to host about 40 global leaders, as well as the heads of international organisations, for the final summit of India's presidency.
No meat or eggs will be on the menu of Saturday's official dinner, which will be served on specially made tableware plated with gold and silver.
The meal will feature traditional vegetarian dishes, as well as others made using millet – a small-seeded grain that has been promoted by Prime Minister Narendra Modi's government for its high protein content and health benefits.
India grows more than 17 million tonnes of millet grains a year, accounting for 80 per cent of Asia’s production and 20 per cent of global production.
A vegetarian lunch will also be served to the partners of heads of state and officials at the summit.
The dinner will be presented as a thali, with dishes served together on a large plate.
Foods from across the country will be on offer, including south Indian masala dosa – crepes made from ground rice and lentil with a spicy potato filling, Bihar state's litti chokha, balls of roasted wheat dough served with herbed mashed potato or aubergine, and rasgulla – spongy cottage cheese balls soaked in sugar syrup – from West Bengal.
The delegates will also be given samples of New Delhi’ street food, collectively known as chaat.
As many as 200 artisans have created more than 15,000 pieces of tableware with floral and animal motifs that reflect India's cultural heritage.
Most of the pieces are a made of steel or brass and plated with silver. Welcome drinks will be served in gold-plated vessels, according to Iris Metalware, the company that produced the tableware.
About 70 per cent of India’s 1.4 billion population eat meat, but the national diet is predominantly vegetarian.
Mr Modi is vegetarian and leaders and members of his Hindu nationalist Bharatiya Janata Party have often spoken against eating meat.
Since the party swept to power in the 2014 general election, BJP-led governments in several states have banned the slaughter of cows, considered sacred by most Hindus.
Some officials have also banned the consumption of beef altogether and in some cases removed eggs from the midday meals provided to schoolchildren by state authorities.
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
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Recycle Reuse Repurpose
New central waste facility on site at expo Dubai South area to handle estimated 173 tonne of waste generated daily by millions of visitors
Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site
Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area
Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent organic waste and 13 per cent general waste.
About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor
Recycling at Ras Al Khor unit:
Plastic items to be converted to plastic bags and recycled
Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays
Glass waste into bowls, lights, candle holders, serving trays and coasters
Aim is for 85 per cent of waste from the site to be diverted from landfill
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.”
Look north
BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.
WOMAN AND CHILD
Director: Saeed Roustaee
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Rating: 4/5
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The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
Killing of Qassem Suleimani
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Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
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Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
