A man gets a haircut at Denny Moe's barbershop.
A man gets a haircut at Denny Moe's barbershop.
A man gets a haircut at Denny Moe's barbershop.
A man gets a haircut at Denny Moe's barbershop.

I'll have the usual: a haircut and a health check up


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NEW YORK // At Denny Moe's Superstar Barbershop, you can listen to some live music, check your blood pressure and sign up for a day trip out of the city. Or you can simply get a haircut. Dennis Mitchell, whose nickname is Denny Moe, founded his barber shop three years ago not just to help people look good but to serve as a focal point in his part of the historically African-American neighbourhood of Harlem. He has 12 barbers working in a shop on Frederick Douglass Boulevard, named after the 19th century former slave and reformer. On the walls hang photographs of black baseball players from the time of racial segregation and pictures of prominent African-Americans, including Colin Powell, the former secretary of state, and Marshall Thurgood, the first black Supreme Court justice. "It's all for the community because I want people to learn something when they come in here," said Mr Mitchell. "There's standing room only in here on a Friday and Saturday but I don't want to move to a bigger place. I want to keep the intimacy so people talk to each other." His emphasis on family and community echoes the principles of Barack Obama, the first African-American president, who has urged all Americans to volunteer and do what they can, no matter how small, to make a difference. Mr Mitchell's most passionate cause, however, is persuading reluctant black men to get regular health screening. As a group, they have higher blood pressure than whites while prostate cancer is a leading cause of cancer death, but too few of them ever get check-ups. "Men have a macho thing and are much more likely to look after their families than themselves," said Mr Mitchell, who is 43, has been married for 22 years and has four children. "As men, we take care of our people but we've got to take care of ourselves to do that." He has a personal stake in spreading the word. Cancer claimed his father and countless other relatives. His 19-year-old cousin was on his death bed in hospital after doctors failed to diagnose a lump on his knee as malignant. "He'd had an accident and the doctors kept telling him the lump would go away but it didn't. The cancer has spread all over his body and all they can do is try to make him comfortable," said Mr Mitchell. "He told his mother this week that he wished he could something to make things easier for her and that just tore me up." He was reluctant to blame racism as the cause of the doctors' failure to find the cancer early on. "I don't like to say everything is racial. It could be economics. The way they treat people if they don't have insurance, it's a sad situation," he said. "You can work all your life but if you have the wrong insurance, you get nothing. But you can be on welfare and get everything for free." He hopes to organise another health fair following the success of one last year at which people were offered free screening for blood pressure and diabetes. When chatting with customers as he cuts their hair, he drives home the message that check-ups are vital for everyone. There are similar programmes in Los Angeles, Baltimore and St Louis, where health workers are going to barbershops to provide screening and other health checks to those who pay not be able to afford regular check-ups or because of a distrust in the medical establishment. Mr Obama has promised health care reform with the aim of extending coverage to the more than 45 million people without insurance. Even routine visits to the doctor can cost at least US$125 (Dh458) and many people simply cannot afford it. Black unemployment has been double the rate for whites since at least the early 1970s, when the government started to collate figures for different racial groups. The gap is worsening. Under the current recession which started officially in Dec 2007, black unemployment has risen to 13.4 per cent while among whites it is 7.3 per cent, according to the labour statistics bureau. A recent report by the Centre for Social Inclusion said the recession was adding to the burden borne by minorities. "There also are all sorts of health-related issues connected with that," said Maya Wiley, the centre's director. "We could see higher rates of everything, from homicides to tuberculosis." Aaric White, one of the barbers who works at Denny Moe's, said he organised health insurance for himself with the help of one his clients. "Most of the people I know aren't covered. There is some free health coverage out there but so many guys don't like to apply themselves to it until it's too late," said Mr White, who is 36. "There's no valid excuse for it and I don't understand." He was proud of the barbershop's outreach efforts and said Mr Mitchell encouraged them all to come up with ideas for events. "We have nights of comedy, poetry and music. We cut hair while people enjoy the entertainments," he said. "It's great!" sdevi@thenational.ae

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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European arms

Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons.  Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.

UAE currency: the story behind the money in your pockets
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

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.”

What are the influencer academy modules?
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