Investcorp, Bahrain’s alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, unveiled an internship initiative in honour of Nemir Kirdar, who founded the firm in 1982 and died aged 83 in 2020.
The Nemir Kirdar Global Internship Programme will provide university students from the US, Europe, the GCC and Asia with practical experience and learning opportunities across Investcorp’s product lines, according to a statement from the company on Thursday. The internship lasts 10 weeks.
“Such initiatives are an essential opportunity to invest in future potential leaders by providing them with practical, hands-on experience,” Mohammed Alardhi, Investcorp’s executive chairman, said.
“It is also an opportunity for us to learn from smart young minds who see the world in a different way. Nemir always encouraged fresh thinking and new ideas.”
Kirdar, a former Iraqi-British banker who was called the "father of private equity", ran Investcorp with close confidants he worked with previously at Chase Manhattan Bank.
Investcorp came onto the world stage with its 1984 acquisition of Tiffany & Co, which it took public in 1987 and pocketed a profit of at least $100 million.
Over the years, Kirdar’s company made many other investments in companies such as Gucci, Chaumet, Saks Fifth Avenue, Circle K, Breguet, Ebel, Carvel Corporation and Tyrrells, where it restructured and turned businesses around.
Investcorp had $40.4 billion in total assets under management at the end of 2021, including assets managed by third-party managers.
Nineteen university students will take part in this year’s programme across Investcorp’s offices in New York, Bahrain, Mumbai and Beijing, where they will intern with different lines of businesses, including private equity, credit management, financial management, business support, legal and compliance, and corporate and investment accounting, according to the statement.
The internship will provide young, bright individuals with exposure and insights into working life to help shape their careers, said Jordana Semaan, diversity, equity and inclusion champion, and head of HR for Gulf and Asia at Investcorp.
UAE currency: the story behind the money in your pockets
Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Jurassic%20Park
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Everybody%20Loves%20Touda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nabil%20Ayouch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nisrin%20Erradi%2C%20Joud%20Chamihy%2C%20Jalila%20Talemsi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
RESULT
Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')
Man of the Match: Aaron Mooy (Huddersfield Town)
