SHARJAH // If stamps are visual records of a nation's history, then penguins from Umm al Qaiwain, space ships and astronauts from Dubai, and various illustrations of Jesus and the Virgin Mary from Sharjah paint an interesting portrait of the UAE.
Some of the oddest stamps issued throughout the history of the country, before and after its unification, are explained in the book Tarekh Tawabee al Emirate, the first stamp history book of its kind to be published in the UAE. Released earlier this month in Arabic, an English version is due to follow within three months.
"It was very difficult putting it all together, as there was no point of reference, and some stamps have been lost forever," said the book's author, Moutaz Mohammed Othman.
In a letter to the author, Dr Sheikh Sultan bin Mohammed, Ruler of Sharjah, hailed the book as an important "historic tool".
"It documents the history of stamps in the UAE and is a great tool for collectors of this fun hobby," he wrote.
An avid stamp collector for more than 27 years, Mr Othman has made it his life mission to find the story behind the various stamps issued over the years.
"A stamp is more than art work," he said. "It is a story and often a rare one."
The 41-year-old businessman is an active member of the Emirates Philatelic Association, which has grown to more than 250 members since it was established by ministerial decree in 1996. Postage has a much longer history in the Emirates, however, dating back to 1909, when the Indian Branch Post Office opened in Dubai. In 1932, the first official stamped letter was sent out from Dubai, via the Sharjah airport.
"Before the union, it was more chaotic, with each emirate printing its own sets of stamps by commissioning them abroad, like in UK or US," said Mr Othman. "And so often the stamps had nothing to do with the actual emirate and were quite irrelevant to local culture."
That would explain the images of ancient Greek and Roman statues, religious figures and biblical images, such as Adam and Eve, and depictions of the latest advances in technology, including space ships and metros that graced local stamps.
Flowers and insects were frequently used as images. And while those older stamps included indigenous creatures, such as gazelles, sometimes they featured other animals, including the Russian dog Laika, the first living creature sent to space in 1957.
"After they issued stamps of birds and animals of all kinds, like all breeds of cats and dogs, and wild elephants and panthers, they turned to international events and figures, as not much was happening here in the UAE before it united," Mr Othman said.
The 35th US president, John F Kennedy, was such a popular figure on local stamps that each of the trucial states printing their own version of JFK. In 1964, the year following his assassination, Sharjah printed stamps featuring JFK with the Statue of Liberty.
Another series featured the politician with his family, "Ajman" printed clearly across the bottom. Other figures found on 1960s local stamps included the leader of the US civil rights movement, Martin Luther King Jr, and the "father of India", Mahatma Gandhi. Others that were used during the era were too inappropriate to be included in the book.
"I had to omit a large collection of pre-union local stamps, especially nude ones, like a popular one of Marilyn Monroe, as I didn't want to offend anyone," said Mr Othman.
The 375-page book is broken down into two sections, before and after the union, with each of the emirates having its own collection of rare and odd stamps in the appendix. When the UAE formed in 1971, its stamps also changed dramatically.
"After the union, the stamps were more uniform and controlled, with careful images of the rulers and various national events," said Mr Othman.
Under the UAE appendix, Mr Othman included a collection from 1980 that was pulled immediately from circulation: it had an illustration of an open Koran on the stamp, and others with the wrong dates and names on it. One stamp misspelled the town of Al Dhaid, as "Al Lazez," which means delicious.
Mr Othman plans to publish a separate book on the errors, "as there are so many of them".
Stamp collecting has been enjoying a surge in popularity of late. And Mr Othman believes the general public, and not just stamp enthusiasts, will buy his book.
"People think stamps are boring, and stamp collectors are geeky," he said. "But honestly, a stamp that once cost less than a dirham is now worth thousands of dirhams. What is so geeky about such a lucrative hobby?"
rghazal@thenational.ae
Spaceships
With space travel big in the international news, Dubai decided to issue a wide collection of "space stamps" in 1964 in honour of astronauts. Dubai was one of the first emirates to have a post office, and being an important port on the trade routes, its stamps were among the most diverse. Costs were about 2 rupees.
Dinosaurs
Fujairah used to issue extensive collections of stamps on animals, birds and insects, including mosquitoes and butterflies. Dinosaurs and mammoths were also popular, issued up until 1972. Even after the unification, some animal collections continued to be issued due to popularity. Costs were all about 1 riyal, or less.
Penguins
Umm al Qaiwain did not issue as many stamps as other emirates, but it had distinctive ones, including some featuring penguins. Costs were about 1 riyal.
Get Out
Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
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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
MATCH INFO
England 2
Cahill (3'), Kane (39')
Nigeria 1
Iwobi (47')
The Gentlemen
Director: Guy Ritchie
Stars: Colin Farrell, Hugh Grant
Three out of five stars
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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
Jurassic%20Park
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
A%20Little%20to%20the%20Left
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
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How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
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.”