Bourbon Street and the French Quarter, marked by lusciously coloured buildings and cast iron balconies, are best explored on foot. Don Klumpp /Getty Images
Bourbon Street and the French Quarter, marked by lusciously coloured buildings and cast iron balconies, are best explored on foot. Don Klumpp /Getty Images

Offbeat and colourful, New Orleans maintains an independent streak



Why New Orleans?

Jazz, Mardi Gras, shrimp Creole, steamboats on the Mississippi... New Orleans is one of those celebrated cities that comes with an instant snapshot of expectations.

The good news is it delivers the dream - and if you're worried about the aftermath of Hurricane Katrina, forget it. The Big Easy has moved on. Last year more than nine million visitors flocked there.

The big surprise is how small the place is. The population is a mere 350,000, which means it's a cinch to explore. Sensual and bohemian, it has always lived to its own rules, and offers a rich and intriguing culture born out of African slavery, European colonialism and American brio. You can see the best of it in three days; you may well want to stay forever.

A comfortable bed

New Orleans has a thriving hotel scene but steer clear of the raucous Bourbon Street and big modern boxes aimed at conventioneers.

In the French Quarter, the romantic 13-room Soniat House (www.soniathouse.com, doubles from $335 [Dh1,232]) is formed from two elegant 1830 townhouses. In the Central Business District, International House (www.ihhotel.com, from $134 [Dh495]) is a grand 1906 bank turned contemporary hotel. The city is also well stocked with upmarket guesthouses such as Terrell House (www.terrellhouse.com, from $169 [Dh621] with breakfast), a 1857 cotton broker's mansion in the Lower Garden District that has been gorgeously restored.

Find your feet

New Orleans rests beside a venerable bend in the Mississippi River. Most of the action lies on its northern bank, where the city is split by the long run of Canal Street. To its east lies the French Quarter, an atmospheric grid of streets with lusciously coloured buildings adorned with cast iron balconies gushing with flowers. Jackson Square is its hub, and the best way to explore is on foot.

West of Canal Street you'll find the Central Business District, a standard ensemble of skyscrapers, big name hotels, landmark museums and a gentrifying warehouse district.

Best reached on a rattling wooden streetcar, the Garden District is home to overblown antebellum mansions and the dreamy Lafayette Cemetery with ornate 19th century tombs. Another appealing neighbourhood is Bywater, lined with wooden "shotgun" houses now colonised by creative types. The best way to see it is on a guided bike tour (www.confederacyofcruisers.com). For more information see www.neworleanscvb.com.

Meet the locals

New Orleans is all about enjoying live music. This is the birthplace of jazz, with homegrown stars stretching from Louis Armstrong and Fats Domino to Wynton Marsalis. The city has more than 50 venues, principally in the French Quarter but also on the less commercial Frenchmen Street in Faubourg Marigny.

You can check out what's on at www.offbeat.com, but also seek local advice. If it's Thursday, many people will head to Vaughan's in Bywater (4229 Dauphine St), where the jazz trumpeter Kermit Ruffins plays regularly with this Barbecue Swingers.

Several engaging museums offer an introduction to local life. Two to seek out are the small Backstreet Cultural Museum (www.backstreetmuseum.org) in Tremé and the Ogden Museum of Southern Art (www.ogdenmuseum.org).

Book a table

New Orleans cuisine is rich and filling. Note the difference between dishes described as Creole (influenced by Europe and Africa, fancy and often seafood-centred) and Cajun (rustic, meat-based and spicy).

The city has a lively restaurant scene and it's wise to make a few reservations ahead of your trip, particularly for Sunday and Monday when many places are closed. Top of the list should be Herbsaint (www.herbsaint.com), where the Cajun chef Donald Link serves superb Louisiana fare including a daily gumbo, shrimp with grits and dirty rice. An average two-course evening meal costs around $37 (Dh136) per person. Head to Galvez (www.galvezrestaurant.com) to dine on local bouillabaisse ($30; Dh110) close to the Mississippi, and Galatoire's (www.galatoires.com, jacket required) to enjoy elaborate shrimp and crabmeat dishes in an animated, old school setting.

Shopper's paradise

Chartres Street, in the French Quarter, is well supplied with sassy women's boutiques such as Trashy Diva, which specialises in vibrantly coloured reproduction vintage dresses and shoes.

Men should smarten up at the classic outfitters Rubensteins and Meyer the Hatter (102 and 120 St Charles Ave).

New Orleans has inspired much great literature, from the sultry dramas of Tennessee Williams to punch-packed stories about Katrina, so go browsing at the friendly Garden District Bookshop (www.gardendistrictbookshop.com). International visitors can claim back nine per cent sales tax (www.louisianataxfree.com).

What to avoid

At weekends Bourbon Street becomes an intense party zone that is not for the faint-hearted. If you like to sightsee rather than dance avoid visiting during popular celebrations such as Mardi Gras, Jazz Fest and Halloween, when the city is packed.

Don't miss

New Orleans is merely the best-known city in Louisiana, a state that offers rewarding exploration by car. You can whizz around on the freeways or follow little-used scenic by-ways that wind through a delightful countryside of woods and farms.

Head northwest to St Francisville to visit stately plantation houses such as Rosewood and Oakley, where the naturalist John James Audubon painted 32 of his famous Birds of America series. For more information see www.louisianatravel.com.

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 

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.”

SPECS

Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

Power: 306hp

Torque: 450Nm

Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500