Your daily guide to community and cultural activities across the Emirates for May 9, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE.
Want to see your event listed here? Email us with the details and contact information at listings@thenational.ae
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Abu Dhabi
Workshop
Get hands-on experience at a puppetry workshop at the New York University Abu Dhabi. Conducted by the puppeteers behind DJ Kid Koala's theatrical masterpiece Nufonia Must Fall, participants will be guided through techniques, using actual puppets from the performance.
Today, 7pm, free, The Arts Center, New York University Abu Dhabi, Saadiyat Island, Abu Dhabi, for more information and to book a spot, visit www.nyuad-artscenter.org
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Sharjah
Photo exhibition
See the exhibition Moments in the Lives of Muslims in China – Through the Lens of Peter Sanders. It features 50 photographs that reflect Muslims at work, school, rest and at worship around the Asian nation. Pictured: An untitled image by Peter Sanders
Daily until June 11, 8am to 8pm, Saturdays to Thursdays; 4pm to 8pm on Fridays, Dh10 entry fee, Sharjah Museum of Islamic Civilization, Sharjah, www.sharjahmuseums.com
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Abu Dhabi
Summer fair
Check out the Abu Dhabi Summer Fair, where you can shop for food, clothing, shoes and accessories from different countries, all under one roof. Explore the heritage of various nations, watch fashion shows, take part in recreational activities and enjoy dance shows from countries including India, China, Turkey, Serbia, Palestine, Lebanon, the UAE and more.
Daily until May 20, 3pm to 11pm, free, Abu Dhabi National Exhibition Centre, Al Khaleej Al Arabi Street, www.adnec.ae
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Abu Dhabi
Shopping
Head to the opening day of the second edition of Abu Dhabi Fashion Days Closets at Nation Towers in the capital. It features six UAE-based designers of different nationalities and backgrounds, showcasing a selection of their designs, all of which will be available to buy.
Starting today, daily until May 22, 10am to 10pm, free, Nation Towers, Corniche, Abu Dhabi, www.abudhabifashiondays.com
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Dubai
Art exhibition
See the exhibition Atelier M. Alliance Française Dubai presents paintings by UAE-based French artist Myriam Schrive that show the challenges faced by visually-impaired people. Pictured: An untitled image by Myriam Schrive
Daily until Monday, open all day, Plantation, Sofitel Dubai, JBR, Dubai, www.afdubai.org
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Dubai
Theatre
Buy tickets for Danu Theatre's Middle Eastern adaptation of Henrik Ibsen's 1879 play A Doll's House, about a woman who forges her father's signature to borrow money from her husband's colleague and foe, in order to pay for life-saving medical treatment for him. The play is performed in English with a local cast.
Tomorrow until Saturday, 7.30pm, Dh85 for early-bird tickets; then Dh100, Kilachand Theatre, Ductac, Mall of the Emirates, Dubai, 04 341 4777, www.ductac.org
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Dubai
Open mic night
Head to Alliance Française Dubai for an open-mic night in French, with theatre, stand-up, poetry, song and dance performances. French actress Morgane Gauvin welcomes six new talents every Tuesday. The first hour is a rehearsal with Gauvin, the second is open to the public.
Every Tuesday, from 7pm to 9pm, free, Alliance Française Dubai auditorium, Alliance Française Dubai, Oud Metha Road, to register email ossama@afdubai.org, for more information visit www.afdubai.org/open-mic
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Dubai
Comedy show
Book your tickets to have fun with the gang from The Laughter Factory. This month’s line-up includes “Spider-Man’s dad” Dominic Holland, whose son Tom plays Peter Parker in the Marvel Cinematic Universe; Geordie lad Kai Humphries (pictured); and the sharp, witty physical comedian Addy van der Borgh.
Thursday and Friday, 9pm, buffet package from Dh260, Mövenpick Hotel, JBR, Dubai; May 17, 8pm, Park Rotana, Abu Dhabi; May 18, 9pm, buffet package from Dh260, Grand Millennium Dubai, Barsha Heights, Dubai; May 19, 9pm, The Gramercy, DIFC, Dubai, Dh140, ages 21+, www.platinumlist.net
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Dubai
Fitness package
Buy a three-month summer membership package for Dubai Ladies Club and enjoy one extra month complimentary membership, six personal training sessions, plus a “Unique to You” massage.
Until May 31, Dh4,500, Dubai Ladies Club, Jumeirah 2, opposite Emirates Hospital, Dubai, www.dubailadiesclub.com
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Dubai
Art exhibition
Check out photographic works by Lebanese artist Fouad Elkoury in the exhibition Suite Egyptienne. The images document his travels through Egypt in the late 1980s, following in the footsteps of Gustave Flaubert and Maxime Du Camp 150 years earlier. Pictured: Oum Koulthoum
Daily until May 16, 10am to 7pm, Saturdays to Thursdays (closed Fridays), The Third Line, Alserkal Avenue, Al Quoz, Dubai, 04 341 1367, www.thethirdline.com
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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Sri Lanka squad for tri-nation series
Angelo Mathews (c), Upul Tharanga, Danushka Gunathilaka, Kusal Mendis, Dinesh Chandimal, Kusal Janith Perera, Thisara Perera, Asela Gunaratne, Niroshan Dickwella, Suranga Lakmal, Nuwan Pradeep, Dushmantha Chameera, Shehan Madushanka, Akila Dananjaya, Lakshan Sandakan and Wanidu Hasaranga
The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr
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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Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
HOW TO WATCH
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JAPAN SQUAD
Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa
COMPANY PROFILE
Name: Grubtech
Founders: Mohamed Al Fayed and Mohammed Hammedi
Launched: October 2019
Employees: 50
Financing stage: Seed round (raised $2 million)
