Marco Gantenbein is the managing partner of Swiss international consulting firm Henley & Partners Middle East, which specialises in property, residency and citizenship services. Mr Gantenbein, 40, a private client specialist in residence and citizenship planning from Switzerland, moved to the UAE since 2011.
Describe your financial journey so far.
I started earning money early in life. From the age of 12, as a natural entrepreneur, I earned an income picking fruit in my father’s garden and selling these on to friends and families in my neighbourhood. I earned from several small jobs while completing my studies, which supplemented the money from premiums and payments I earned playing football. After completing my duty to the Swiss military service, I secured a place in sales at the largest Swiss insurance company which only selected two young motivated novices as part of programme designed to deliver a specialist sales team. I was 20 and immensely proud of this achievement. It was here I learnt a vital business lesson that would help shape my financial future: it was only through sales that I was able to control my income and that the bigger the effort on my part, the bigger the earnings in my bank account. I’ve never forgotten this simple but vital business lesson and choose to keep one foot very firmly entrenched in sales. Although the product [I sell in my current role] is slightly different from the fruit I sold as a boy, or the insurance programmes, the principles remain the same. I love sales, and I love the direct correlation to my earning potential. I earn by living by my No 1 rule: always come in first, second place is not an option.
Are you a spender or saver?
I am unquestionably a saver. The Swiss are taught the fundamentals of financial planning early in life; they tend to err on the side of caution with regards to spending and are usually very careful when it comes to investments. Armed with war cry “look before you leap”, we evaluate our possibilities carefully, then reconsider before making a commitment.
What is your philosophy towards money?
Only spend what I have. I have only borrowed money once for private reasons, and that was 15 years ago when I was living in Switzerland and needed money for a down payment on a home. I’ve settled and repaid the mortgage already.
Have you made any financial mistakes along the way?
Yes. I was young and thought I’d earn a quick buck playing the stock market. It was a tough lesson to learn but I’ll never spend on something again without knowing its ins and outs intimately. It was fortunately a relatively insignificant amount of money.
If you won Dh1 million, what would you do with it?
After saving what I need to, I would donate a large percentage to a cause close to my heart – the treatment and development of medication for ALS, a serious muscular degenerative disease. Giving back costs little and collectively makes a difference.
What has been your best investment?
The time I invest for family and loved ones. There are a few things that money can’t buy and one of those is time. I dedicate a lot of my personal time to my 15-year-old daughter. A solid and happy family foundation coupled with the best education possibly takes top spot.
Do you plan for the future?
Absolutely, the trick is defining when the future is. For me, the future is now. Although it’s impossible to plan for every eventuality, living wisely and making the best possible choices today paves the way for the best possible future.
What do you enjoy spending money on?
There is one thing that sees me reaching for my wallet more than I’d like – books. In my opinion, all great “leaders are readers”, a guilt-free way to justify my spending.
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THE SPECS
Jaguar F-Pace SVR
Engine: 5-litre supercharged V8
Transmission: 8-speed automatic
Power: 542bhp
Torque: 680Nm
Price: Dh465,071
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
more from Janine di Giovanni
The biog
Name: Fareed Lafta
Age: 40
From: Baghdad, Iraq
Mission: Promote world peace
Favourite poet: Al Mutanabbi
Role models: His parents
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
The specs
Engine: 4.0-litre flat-six
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
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
The%20specs
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Napoleon
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Day 2, Dubai Test: At a glance
Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.
Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.
The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.
UAE currency: the story behind the money in your pockets
Walls
Louis Tomlinson
3 out of 5 stars
(Syco Music/Arista Records)
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Emirates Cricket Board Women’s T10
ECB Hawks v ECB Falcons
Monday, April 6, 7.30pm, Sharjah Cricket Stadium
The match will be broadcast live on the My Sports Eye Facebook page
Hawks
Coach: Chaitrali Kalgutkar
Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish
Falcons
Coach: Najeeb Amar
Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh
Abu Dhabi Sustainability Week
BRIEF SCORES
England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)
Result: England won by 239 runs
England lead four-match series 2-1
