China's pulsing commercial capital is a heady place to visit at any time. But as host of the World Expo 2010 from May to October, Shanghai has hit full throttle.
In the months leading up to the May 1 curtain raiser, the city underwent one of the largest scale metropolitan makeovers ever witnessed and is now home to the biggest metro system in the world, two revamped international airports, a high-speed intercity rail hub, a redeveloped Bund waterfront and a multitude of new skyscrapers and gentrified entertainment districts.
It's a return to the global spotlight for a city that was associated with glamour and good times in the early part of the last century, too. During its 1930s heyday, the "Paris of the Orient" was divided into self-governing foreign concessions, filled with dancing halls, opium dens and one of the world's largest collections of art deco architecture. These global influences mixed with traditional Chinese customs created an exotic blend that captured the imagination of visitors to the Far East.
There are rich pickings for visitors, with a rush of hotel openings ahead of the Expo. One of the newest is Ritz-Carlton Shanghai, Pudong (www.ritzcarlton.com) atop the new Shanghai IFC tower in the Lujiazui financial district. Shanghai's second Ritz-Carlton boasts a mod-deco design and a 58th-floor al fresco rooftop bar with sweeping views of the Huangpu River and heritage Bund mansions. Double rooms cost from US$293 (Dh1,076) plus taxes.
Across the Huangpu River on the Bund, Shanghai's riverfront boulevard, is The Peninsula Shanghai (www.peninsula.com ) which opened last year. It features 235 fully-wired rooms, a Peninsula Spa by ESPA and several fine dining options, including the palatial Cantonese Yi Long Court helmed by the Michelin-starred chef Tang Chi Keung. Double rooms start from $468 (Dh1,719) plus taxes.
Tucked away in a 1930s art deco apartment building in the former French Concession, the 39-room boutique guesthouse @Gallery Suites (www.artgalleryhotels.com) features stylish period decor, free-standing bathtubs and hi-tech amenities. The Annexe building next door is home to an art gallery and teahouse. Double rooms cost from $175 (Dh643) plus taxes.
Built in the mid-19th century as a racecourse, People's Square is the geographical centre point of Shanghai, ringed with landmark buildings including the Shanghai Museum, Grand Theatre, Shanghai Exhibition Centre, MoCA, and the Shanghai Art Museum in the old Shanghai Jockey Club. From here, follow the throngs of domestic tourists along the pedestrianised shopping strip of Nanjing East Road. At the eastern end of the road is the Bund. Take in the stunning string of neoclassical, Romanesque, Chinese and art deco gems along this historic waterfront, then turn around and be equally mesmerised by the futuristic skyline of Pudong on the opposite riverbank.
Rise early and hit the streets for a typical Shanghainese breakfast. Streetside vendors - often using wheelbarrow-mounted kitchens - prepare a delicious array of made-to-order snacks. Be sure to try jian bing, a large burrito with fried egg, coriander, chives, preserved vegetables, and a salty cruller (you tiao); pan-fried dumplings; and steamed buns (baozi) filled with meat, vegetables or sweet red bean paste. Breakfast is usually packed away by 10am.
Another cherished local tradition is hewu cha (or yum cha), when families and friends congregate over steaming baskets of snacks and pots of longjing tea. Crystal Jade (www.crystaljade.com) and Lynn (see below) are popular venues for Cantonese and Shanghainese dim sum, served from late morning until early afternoon.
From Michelin-starred chefs to makeshift holes in the wall, you can eat well in Shanghai on any budget. Mr & Mrs Bund (www.mmbund.com) is one of the trendiest tables. The Bund-side dining room and river views are a treat, but the main draw is the acclaimed French chef Paul Pairet's classic French comfort fare and trademark quirky creations. Dinner for two will set you back around $65 (Dh239) without drinks.
In a heritage villa in the French Concession, Lost Heaven (www.lostheaven.com.cn) serves up folk cuisines of the ethnic hilltribes along the Ancient Tea Horse Trail through China's Yunnan province and into Burma and Laos. The richly spiced curries are complemented by a seductive setting, upbeat vibe and reasonable bill - around $29 (Dh106) for two without drinks.
For local fare, Lynn offers traditional and updated Shanghai classics, like hong shao rou (red-cooked pork) and shizi tou (giant meatballs) in a comfortable downtown locale. Book ahead for the popular $13 (Dh48) unlimited weekend dim sum.
The residential alleys and former factory buildings around Taikang Road have been transformed into an artsy enclave, perfect for a morning of souvenir shopping and people watching from sidewalk cafes. Check out local designer boutiques such as La Vie for fashions, Shokay for yak-wool knits, whimsical homeware at Platane, men's jewellery at JIP, and Nest, an eco-design collective of locally based brands. For contemporary Chinese art, head to the burgeoning art district of Moganshan Road. ShanghART, m97, Vanguard and Island 6 are the top gallery picks.
If someone approaches you offering a "genuine" Rolex watch or LV bag "at a good price", walk on. These are most certainly not genuine, and it is not advisable to follow hawkers into the back blocks to their secret stashes of bootleg gear. They can be pesky, but a firm "no thank you" while walking on usually does the trick.
Shanghai is at its best after dark, when the neon lights sparkle and cocktail lounges and jazz clubs start swinging. Glamour Bar (www.m-theglamourbar.com) on the Bund lives up to its name with a sophisticated vibe, classic cocktails and live entertainment, from literary discussions to top DJs. For seductive sipping, Constellation II (5465 5993) in the French Concession is a throwback to the Thirties, with leather armchairs and cocktails courtesy of the Japanese-trained owner. Shanghai and jazz are synonymous, and JZ Club (www.jzclub.cn) hosts a fusion of the top local and foreign talents and late-night jam sessions - the perfect end to those legendary Shanghai nights.
travel@thenational.ae
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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
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
THE BIO
Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.
Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.
Personal motto: If something’s meant for you it won’t pass you by.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Fatherland
Kele Okereke
(BMG)
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
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.”
PAKISTAN v SRI LANKA
Twenty20 International series
Thu Oct 26, 1st T20I, Abu Dhabi
Fri Oct 27, 2nd T20I, Abu Dhabi
Sun Oct 29, 3rd T20I, Lahore
Tickets are available at www.q-tickets.com
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Griselda
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Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
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Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai
COMPANY%20PROFILE
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Specs
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Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
Fifa%20World%20Cup%20Qatar%202022%20
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