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Bonaparte was no monster



As an architect, art lover and UAE resident since 2008, I am pleased by the recently announced opera house and contemporary-art museum project (Art lovers welcome plan for new music venue, April 1).

Apart from being a great tourist attraction, an enhancement for the community, and a venue for theatre, ballet and musical productions, this will be another Dubai icon - a truly original piece of architecture.

Gaye Caglayan, Dubai

Choose a beach without blood

I have a suggestion for the writer of Travelling with Kids: Sri Lanka worth throwing caution to the wind (March 31):

If you want to travel to some place where you can go from a guesthouse to the beaches, there are umpteen places in the world.

But Sri Lanka should not be on your list. It is run by a regime that has been responsible for killing its own citizens indiscriminately.

For your daughter and husband, a beach is a beach wherever it is.

Sandy Vadi, Canada

Was there a race at fashion show?

The Dubai World Cup is a wonderful social moment, as your photos of women in western fashions and silly hats show (Hats off (and on) to the World Cup, April 1).

The event is a real highlight of the social calendar. And I understand there was a horse race, too.

JP Asselin, Dubai

Short commute is the best one

As a veteran of commuting to work in Chicago and London, I was bemused by The daily commute brings us together and builds character (April 1).

I understand the writer's point, that some Emiratis need to learn the discipline of getting up and going to work each day.

But the idea that commuting is good for anyone reminds me of Friedrich Nietzsche's dictum that "anything that doesn't kill me makes me stronger".

Now I live six floors above my office, and that's just about the right commute for me.

Bernard Tremblay, Dubai

Napoleon was nothing like Hitler

I resent the suggestion, contained in Napoleon's next battle - with Mickey Mouse (March 29) that the Emperor Napoleon I can be compared with Adolf Hitler.

Bonaparte committed no genocide, no ethnic cleansing. Unlike Hitler he was a true military genius. He perhaps became mad with power in a way, but he was a creation of his times; a midwife of modernity who swept away so much that was old and moribund, making way for new and better ways of doing things.

The idea of a theme park may be foolish, but Napoleon deserves to be known, understood, and on balance respected.

James Meanie, Canada

Good riddance to car dealers

In my neighbourhood there are many used-car dealerships, and they make it nearly impossible for other residents to find parking. So I was glad to read Used-car dealers driven out of capital (April 1).

But exiling these people to a place where they must pay very much higher rents seems like a recipe for driving them all out of business.

All the new regulations on small retailers are making it harder and harder to do business unless you're a national brand and can afford to set up in a mall.

Sami Daoud, Abu Dhabi

If used-car dealers must pay higher rents to relocate to a new place far away from their customers, won't this drive up the prices they must charge?

Mohammad Al Masr, Abu Dhabi

Who will provide media content?

Alex Ritman used humour to make a serious point in The Future of Content (April 1). At this rate there truly will soon be only one "content provider" and countless channels for that trickle of content.

When Marshall McLuhan said "the medium is the message" he probably didn't foresee the time when media would be all medium and almost no message.

Bernard Kennedy, Dubai

'Ninja assassin' story was fiction

Iran kicks back over ninja assassins (April 1) reminded me of the 2009 movie Ninja Assassin by the Australian director James McTeigue.

Whether Iran is to be considered the world's foremost state sponsor of terrorism or not, this "she-ninjas" story is quite different and, like the movie, hard to take seriously.

Ali Sedat Budak, Abu Dhabi

Islamic%20Architecture%3A%20A%20World%20History
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Match info

Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

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.

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.

Florence and the Machine – High as Hope
Three stars

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
If you go

The flights

Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.

The car

Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.

Parks and accommodation

For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
LOS ANGELES GALAXY 2 MANCHESTER UNITED 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

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.”

RESULTS

Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.

Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.

Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.

Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.

Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.

Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.

Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.

Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.

Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.

Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.