Potential tour guides flock to Sharjah for culture classes



ABU DHABI // The biggest attraction in Sharjah these days seems to be the job of telling others about the attractions in Sharjah. Training courses for tour guides at the Islamic Museum have become so popular that classes are booked up, and additional lectures have had to be scheduled this month to cope with demand. Since the programme was announced last year, the Sharjah Museums Department has trained 150 guides.

Although much of Sharjah's tourism is made up of visitors trying to save money in cheaper hotels away from Dubai, the emirate is a growing cultural and historical centre. It is the only emirate with a historical district dedicated to preserving the white coral and gypsum buildings that once dominated the city. About 85 of these structures are standing in the city's Heritage and Arts area. The emirate also offers more than a dozen museums of Arabic calligraphy, culture and art.

Because its cultural offerings are so varied, the Islamic Museum began to better educate its tour guides. "Due to the great demand and to reach more guides, we'll be conducting future sessions," said Conny Boettger, the emirate's tourism marketing manager. "The training is a half-day programme which consists of three in-depth lectures, each one lasting one hour. The presentations are about Islamic civilisation, Islamic art and guiding techniques at museums."

The courses are conducted by the Sharjah Islamic Museum's collection adviser, Ulrike al Khamis, and by an accredited tourist guide trainer. "The guides that underwent the course became more confident in terms of guiding through this extensive collection as their knowledge about Islamic civilization increased," Ms Boettger said. Sharjah announced yesterday that more than 35,000 Kuwaiti families had visited the emirate on holiday last year. The figures were released as the Sharjah Commerce and Tourism Development Authority stopped in Kuwait as part of its 8th promotional road show in the GCC.

The show is intended to promote the emirate's attractions and encourage more GCC tourists to visit. Other destinations include Doha, Dammam, Riyadh and Jeddah. The road show precedes the launch of the Sharjah Summer Promotion 2009, which will include special discounts, prizes and offers to encourage shopping in the summer. Bucking downward trends in other emirates, Sharjah saw a five per cent increase in the number of tourists in 2008. About 1.5 million people visited last year, about the same number who visited Abu Dhabi, a significant increase from 600,000 the previous year. The number of hotel facilities in the emirate has increased to 103 - 37 hotels and 66 hotel apartments - with 8,000 hotel rooms. According to the Sharjah Commerce and Tourism Development Authority, hotel occupancy was about 86 per cent in 2008.

Most of the guides who underwent Sharjah's training programme were either hired on a freelance basis or employed by the main Destination Management Company or by tour operators in Dubai, Abu Dhabi and Sharjah. Ms Boettger said people interested in hiring a trained guide should seek one through a reputable Sharjah city tour. The next training sessions will take place on April 19 and 20. jgerson@thenational.ae

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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

 

 

Fire and Fury
By Michael Wolff,
Henry Holt

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

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.”

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The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
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