The control tower of Al Maktoum International Airport at Dubai World Central, which is a strategic initiative of the Dubai Government to promote the emirate as a global trade centre.Sonza Gabriel / EPA
The control tower of Al Maktoum International Airport at Dubai World Central, which is a strategic initiative of the Dubai Government to promote the emirate as a global trade centre.Sonza Gabriel / EPShow more

Majestic Wings to land in Dubai World Central



Majestic Wings, a private jet charter services company based in Dubai, has signed an agreement with Dubai World Central (DWC) to establish a fixed-base operators facility within the project's Aviation District.

The company, which provides VIP air transportation, executive handling, charter and land services for business aircraft, is owned by Sheikh Hamad bin Tahnoon Al Nahyan and Sheikh Khalifa bin Hamad Al Nahyan.

It will occupy a 7,360 square metre plot on one of the most premium locations in the district, within walking distance of the newly announced permanent venue of the Dubai Airshow, from next year.

As well as a class "A" hanger, the site will have a dedicated apron measuring 4,738 sq metres in front of the hangar facility, providing space for several aircraft and ensuring easy access for clients. The company hopes to move in within 12 months.

"Majestic Wings' movement to the facility at DWC is in line with our strategic growth plans to position the company among leading global players in the general aviation industry," Sheikh Hamad said. "The landside and airside integration is in sync with facilitating our general aviation business."

"The addition of Majestic Wings to Dubai World Central's aviation district is a positive step towards bolstering DWC's long-term strategy and the aviation industry in general," said Khalifa Al Zaffin, the executive chairman of the Dubai Aviation City Corporation.

Under the agreement, Majestic Wings will build its own facilities to offer a full range of fixed-base operator (FBO) services with a focus on business jets. The company's two Gulfstream G200 aircraft will be based there and be available for sub-lease to corporate clients, freight transport and special large-group flights.

DWC is a strategic initiative of the Government of Dubai to promote the emirate as a leading international trade centre.

Describing itself as, "the Middle East's first aerotropolis", it occupies an area of 140 sq kilometres close to the Jebel Ali container terminal, and includes specialised free zones focused on logistics and aviation industries, and the new Al Maktoum International Airport. Once the airport is completed it will handle up to 120 million passengers and 12 million tonnes of air cargo per year, making it the world's largest airport.

The Aviation District, spread over 6.7 sq km within DWC, is designed as a one-stop centre for all aviation-related operations, including regional headquarters, FBOs, maintenance repair and operations, aviation support services, design and consultancy, research and development, aviation training, products and parts distribution, light manufacturing units and high-technology industries.

"Majestic Wings' moving to DWC is among the first of many expansions in the aviation sector. DWC continues to energise the industry with opportunities for business growth," said Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Dubai Aviation City Corporation.

"DWC is positioned to meet the present and future needs of aviation, air transport, commercial and logistics businesses, being the world's first purpose-built aerotropolis.

"Dubai World Central will continue to play an important role in the long-term strategic growth plans of the emirate as we aim to establish Dubai as a premier hub for the aviation and logistics industries in the [Middle East, North Africa and south Asia] region and around the world," he said.

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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

No more lice

Defining head lice

Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.

Identifying lice

Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.

Treating lice at home

Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.

Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially

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

Company%20profile
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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.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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In%20the%20Land%20of%20Saints%20and%20Sinners
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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800