Travellers can register and store their biometric data by taking a selfie on a mobile phone. Ravindranath K / The National
Travellers can register and store their biometric data by taking a selfie on a mobile phone. Ravindranath K / The National

Selfies help travellers clear immigration at Dubai International as border control goes biometric



Travellers can now take a selfie with their mobile to help fly through immigration at Dubai International Airport’s terminal 3 (T3).

Two new features have been launched for passengers flying out of T3 – biometric technology and new automated border control gates – Emirates said yesterday.

The biometric technology will allow for facial recognition integrated with the UAE Wallet. Travellers can register and store their biometric data by taking a selfie on a mobile phone as well as using registration kiosks placed at check-in points and Emirates lounges.

After registering, users can access their data to hasten their trips through those often long immigration lines or other points throughout the airport. It also includes automated access to Emirates’ first and business class lounges.

Smart immigration gates, or One Gate, will be installed at departures to supplement existing e-gates and manned immigration counters. It will use the passengers’ biometrics, slashing time grabbing passport and boarding passes.

These additions, involving Emirates Airline, Dubai Customs, Dubai General Directorate of Residency and Foreign Affairs (GDFRA), Dubai Police and Dubai Airports, will help streamline the check-in and immigration points at departure.

Adel Al Redha, the Emirates executive vice president and chief operations officer, said the investment for equipment, training and changing operations, was to benefit the end users.

“We are all on the same page when it comes to wanting to deliver the best experience for visitors coming to and through Dubai, and we look forward to bringing these projects to fruition and introducing more enhancements in the coming months,” he said.

These two projects, which fall under the Together Initiative, are expected to be completed within the next 12 to 18 months. Launched in May, the Together Initiative is working to improve traveller experience at T3 with focus smart, speed, saving, service, safety and security.

“We believe this will make our operations more efficient, free up our valuable manpower to focus on other responsibilities, and ultimately improve traveller experience,” said Mohammed Al Marri, the director of the GDFRA.

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Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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6.15pm: Al Wahda v Hatta

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9pm: Al Wasl v Baniyas

9pm: Fujairah v Sharjah

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Company profile

Name: Fruitful Day

Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie

Based: Dubai, UAE

Founded: 2015

Number of employees: 30

Sector: F&B

Funding so far: Dh3 million

Future funding plans: None at present

Future markets: Saudi Arabia, potentially Kuwait and other GCC countries

UAE currency: the story behind the money in your pockets

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.”

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 
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