A small cafe on the fringes of Hyde Park in London is keeping the memory of Princess Diana alive 25 years after her death, with photos of the venue's most famous customer adorning the walls.
The cafe was opened in 1989 by Iraqi-born entrepreneur Abdul Basit and serves a combination of Middle Eastern and British cuisines, including the “Diana burger”.
Mr Basit decided to change the name of his business after seeing the princess taking her young sons to school and perceived it as a good omen.
Cafe Diana is only a stone’s throw from the princess’s residence at the time, Kensington Palace, and before long, its namesake was a regular customer.
“Diana came from the palace at the foot of the road and brought the two boys, William and Harry, when they were small boys and apparently they had hamburgers,” John Harkness, one regular, told The National.
“I’ve been coming here for years and years.
“It’s good coffee. I have American friends and they think it’s good, strong coffee. It’s different from continental coffee.
“I always have the same thing. I have the falafel with hummus and salad.
“It’s very popular with tourists on their way to Portobello market or going the other way.”
As a treat, and a break from the confines of palace life, Diana would often go to the cafe for a coffee, cake, croissant or a full English breakfast. Keen to ensure her young sons did not miss out on normal childhood experiences, she sometimes took them with her.
Diana, who at the time was married to Prince Charles, could often be seen chatting with Mr Basit and servers. As a tribute to the royal guest of days gone by, a picture of the princess with the staff is still on display in the cafe.
Another image that stands out from the dozens of others is an elegant portrait of the princess, signed in gold, that Diana gave to Mr Basit, who has since sold the business.
Mr Harkness, 78, suggested Diana was drawn to the Bayswater cafe by its “unsophisticated and friendly” atmosphere.
Originally from Glasgow but having lived in London for more than 40 years, Mr Harkness said he once saw the princess driving near the cafe.
“I was just walking home along the road and the car came out and I stopped and looked down and there’s Princess Diana on her own. No protection officers or anything,” he said.
“Fortunately, she stopped for me, she let me pass. I just smiled at her.”
He recalls walking past the cafe shortly after the princess died in a car crash in Paris in 1997 and seeing the shopfront “surrounded with flowers” left in her honour.
Ken Aldous, 87, who has been a regular customer at the cafe for years, said the unique venue took on a new meaning after her death.
“A lot of people took a great interest in looking at all the pictures of her,” he told The National.
He said the cafe probably served as an oasis of calm for the princess and her two sons.
“She used to sit and talk to the owner,” he said.
“I live very close, just around the corner. It’s a very useful place to come and it’s a good environment and relatively peaceful.
“The best time to come not to find peace is in the evening because it’s very, very busy.
“I usually have coffee or herbal tea. Sometimes I have a snack but, being English, I’m not all that favourable towards some of these foreign menus. I’m more a person who loves lamb chops, chips and peas.”
The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press
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1,942 teams
116 pitches
76 nations
26 UAE teams
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2 Kuwaiti teams
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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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HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Results:
5pm: Maiden (PA) | Dh80,000 | 1,200 metres
Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)
5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m
Winner: Octave, Gerald Avranche, Abdallah Al Hammadi
6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m
Winner: Harrab, Richard Mullen, Mohamed Ali
6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m
Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani
7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m
Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel
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A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
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Tewellah by Nawal Zoghbi is out now.
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.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019