Live updates: Follow the latest news on Modi's visit to the UAE
A festival atmosphere has taken over the venue where Indian Prime Minister Narendra Modi is due to speak to Indian citizens in the UAE on Tuesday.
Mr Modi will address 40,000 Indian expats and citizens at 6pm at the Alhan Modi event at Zayed Sports City stadium in the capital.
It is part of his two-day UAE tour during which he will speak at Dubai's World Governments Summit on Wednesday, before inaugurating Abu Dhabi's landmark Hindu temple later that day.
Modi has a global reputation of being a dependable leader in a time of crisis
Srinivas Kini
Thousands of Indian citizens descended on the stadium ahead of Mr Modi's speech on Tuesday evening.
The event began with families from across the emirates chanting, “Modi, Modi” hours before his arrival.
Some told The National that they had arrived at the venue as early as 10.30am.
“I wanted to be here early because I'm so excited and happy to get a chance to hear him speak,” said Shilpa Shenoy, an Abu Dhabi resident who works in the oil and gas sector.
“Modi's message is vasudeva kutumbhbhava (the whole world is one family).
“I really believe that you can be from any part of India but the message is for the world and for all Indians to unite.”
Families and people from all over India danced and sang along with popular Bollywood songs at the Ahlan Modi community event.
A colourful parade and performances by dancers kept crowds entertained. Some of those attending wore the colours of the Indian flag, or had it painted on their faces.
Wearing a sari with the colours of the Indian tricolour, Neha Pandey described the prime minister as a “great leader” who worked to build good relations with the UAE, other Gulf nations and the rest of the world.
“He is incredible because of his vision not only for India but for the world,” said Ms Pandey, who owns a small fashion business in the UAE.
“For so many years, he has been building more friendship between the UAE and India, and all over the Gulf.
“This is something I feel we can all learn from him.”
Srinivas Kini, an engineer who has lived in the UAE for nearly 30 years, said there were lessons to be learnt from Mr Modi.
“Modi has a global reputation of being a dependable leader in a time of crisis – he always has a solution.
“This is very much like what we see in the UAE with the leadership of Sheikh Mohamed bin Zayed.
“We are blessed that both leaders are close friends and really proud to see how the relationship has grown.”
Part of a large group of friends sporting bright orange Indian kurtas (long shirts), Mr Kini said: “He has shown us his road map for India and how he wants our country to progress.
“India is currently fifth in the world and he has spoken about taking us to number three.
“I would like to know how we as NRIs can actively help in reaching these objectives,” Mr Kini said, referring to India ranking fifth in the world's GDP rankings in 2024.
People who had travelled from India were in the vocal audience who cheered cultural performances and shouted slogans such as, “Bharat mata ki jay (Long live Mother India).”
Chethana Prabhu, a housewife from southern India's Mangalore, is in Abu Dhabi to hear Mr Modi speak and for the inauguration of the capital's first Hindu temple.
“I'm just proud to be Indian and to have a prime minister who has a great vision for India and big plans for the country and us as people,” Ms Prabhu told The National.
Ms Prabhu lived in the UAE for more than 30 years with her banker husband before he retired and returned to India.
“The UAE and India having such a close friendship is important and a big thing for us,” she added.
The%20specs
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Director: Ruben Fleischer
Cast: Tom Hardy, Michelle Williams, Riz Ahmed
Rating: 1.5/5
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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THE SPECS
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Transmission: Eight-speed Steptronic transmission
Power: 462hp
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Price: Dh600,000
The specs
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Power: 240hp at 5,500rpm
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FIGHT CARD
From 5.30pm in the following order:
Featherweight
Marcelo Pontes (BRA) v Azouz Anwar (EGY)
Catchweight 90kg
Moustafa Rashid Nada (KSA) v Imad Al Howayeck (LEB)
Welterweight
Mohammed Al Khatib (JOR) v Gimbat Ismailov (RUS)
Flyweight (women)
Lucie Bertaud (FRA) v Kelig Pinson (BEL)
Lightweight
Alexandru Chitoran (BEL) v Regelo Enumerables Jr (PHI)
Catchweight 100kg
Mohamed Ali (EGY) v Marc Vleiger (NED)
Featherweight
James Bishop (AUS) v Mark Valerio (PHI)
Welterweight
Gerson Carvalho (BRA) v Abdelghani Saber (EGY)
Middleweight
Bakhtiyar Abbasov (AZE) v Igor Litoshik (BLR)
Bantamweight:
Fabio Mello (BRA) v Mark Alcoba (PHI)
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magemedsultanov (RUS)
Bantamweight
Trent Girdham (AUS) v Jayson Margallo (PHI)
Lightweight
Usman Nurmagomedov (RUS) v Roman Golovinov (UKR)
Middleweight
Tarek Suleiman (SYR) v Steve Kennedy (AUS)
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
MATCH INFO
Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)
Man of the match Harry Kane
UAE currency: the story behind the money in your pockets
More from Neighbourhood Watch:
Afghanistan Premier League - at a glance
Venue: Sharjah Cricket Stadium
Fixtures:
Tue, Oct 16, 8pm: Kandahar Knights v Kabul Zwanan; Wed, Oct 17, 4pm: Balkh Legends v Nangarhar Leopards; 8pm: Kandahar Knights v Paktia Panthers; Thu, Oct 18, 4pm: Balkh Legends v Kandahar Knights; 8pm: Kabul Zwanan v Paktia Panthers; Fri, Oct 19, 8pm: First semi-final; Sat, Oct 20, 8pm: Second semi-final; Sun, Oct 21, 8pm: final
Table:
1. Balkh Legends 6 5 1 10
2. Paktia Panthers 6 4 2 8
3. Kabul Zwanan 6 3 3 6
4. Nagarhar Leopards 7 2 5 4
5. Kandahar Knights 5 1 4 2
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
Specs
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Range: 400km
Power: 134bhp
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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.”
Five ways to get fit like Craig David (we tried for seven but ran out of time)
Start the week as you mean to go on. So get your training on strong on a Monday.
Train hard, but don’t take it all so seriously that it gets to the point where you’re not having fun and enjoying your friends and your family and going out for nice meals and doing that stuff.
Think about what you’re training or eating a certain way for — don’t, for example, get a six-pack to impress somebody else or lose weight to conform to society’s norms. It’s all nonsense.
Get your priorities right.
And last but not least, you should always, always chill on Sundays.
'Midnights'
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
F1 2020 calendar
March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.
