“I am part man, part metal,” Omar Al Busaidy says, with a chuckle.
The Emirati author and entrepreneur is referring to the metal plates in his back, the result of a near debilitating bout of spinal tuberculosis in 2008.
Sitting in the InterContinental Abu Dhabi’s suhoor tent, a Ramadan-only extension to the hotel’s Lebanese fine-dining restaurant Byblos Sur Mer, the 29-year-old calmly discusses that painful period.
He explains that the condition was a part of tumultuous four years that finally ended in 2012.
“It was a very tough time, man,” he says. “I divorced and that triggered a depression that pretty much made me lose my job. I also had a few businesses that didn’t work. Then this TB thing came and that nearly crippled me.”
Al Busaidy says that his innate optimism got him through.
“There were moments on that hospital bed where I was thinking ‘why me?’” he says. “But at the same time, I have always been a positive person. I have been blessed with that, so I just kept being patient and saw that through. It really taught me that if you have good health, then all other worries don’t really matter.”
By this stage of our conversation we are tucking into a colourful selection of cold mezzes. There are a few gourmet additions to the culinary usual suspects of tabbouleh and hummus. The Ajami dip can best be described as a five-star baba ghanoush, as it’s topped with chunky pieces of fried aubergine and walnuts.
Another winner was the Zehlweiyeh Bil Batrakh, a zesty potato salad and fish roe drizzled in garlic dressing.
This was followed up with the hot dishes, the standout being the Mwardeh, a rather creative take on the kibbeh that resembled a mini-muffin and was stuffed with mince meat, cherries, vegetables and molasses. A close second was the Btata Jabaliyeh – fried potato cubes seasoned with coriander and green chilli.
It’s a meal fit for champions, yet Al Busaidy is more than happy to talk about failures – specifically his own. Ironically, they are what propelled him to become an inspiring youth motivator and formed the basis of his debut English-language book, the digitally published Just Read It.
Digging into stuffed vine leaves with pomegranate dip, Al Busaidy, who lives in Abu Dhabi, recalls touring UAE high schools in 2011 as part of government-organised workshops, called Akoun, during which he was part of a panel of Emirati entrepreneurs.
“Everyone spoke about their road to success,” he says. “That’s great but there wasn’t anyone talking about the setbacks. So I decided to focus on that.”
His presentation about his failed business ventures and the lessons he learnt struck a chord with the young students.
“They realised that the sky is not going to fall when you fail and your parents will still love you,” he says. “We have to get over this big fear of failure because what it does at the end of the day is stifle creativity.
“So many young Emiratis have great ideas and big dreams but they don’t want to start on them because of what others may say if they fail. I want to tell them that nothing bad will happen – it results in more wisdom.”
Buoyed by the reactions to his talks, he decided to compile his motivational tips in a book, the colourful and engaging Just Read It.
Published this year and available from iTunes and Kobo, Just Read It contains more than 50 concepts accompanied by explanations.
The topics include United We Stand, Divided We Fall, Miscommunication is the Mother of All Screw-Ups and The Only Disability is a Bad Attitude.
Understandably, the latter strikes a deep chord with Al Busaidy. Slicing up another shred of the tender shawarma bil katayef (shawarma-flavoured spare ribs), he advises those struggling during tough times to stay the course.
“Sometimes things have to get worse before getting better,” he says. “Ramadan is a great time to learn that, as it builds patience. When things get bad, trust me, just wait and see – things will eventually improve.”
• Suhoor at Byblos Sur Mer begins from Dh60, inclusive of dates, dry apricot, tourmos, almonds foul and water on the table
sasaeed@thenational.ae
• Every Thursday during Ramadan, we sit down to iftar or suhoor with well-known personalities to discuss life lessons and reflections gleaned during the holy month
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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.”
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
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
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
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
Results
1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47
2. David Dekker (NED) Jumbo-Visma - same time
3. Michael Morkov (DEN) Deceuninck-QuickStep
4. Emils Liepins (LAT) Trek-Segafredo
5. Elia Viviani (ITA) Cofidis
6. Tadej Pogacar (SLO UAE Team Emirates
7. Anthony Roux (FRA) Groupama-FDJ
8. Chris Harper (AUS) Jumbo-Visma - 0:00:03
9. Joao Almeida (POR) Deceuninck-QuickStep
10. Fausto Masnada (ITA) Deceuninck-QuickStep
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.
Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
Pakistan World Cup squad
Sarfraz Ahmed (c), Fakhar Zaman, Imam-ul-Haq, Abid Ali, Babar Azam, Haris Sohail, Shoaib Malik, Mohammad Hafeez(subject to fitness), Imad Wasim, Shadab Khan, Hasan Ali, Faheem Ashraf, Junaid Khan, Shaheen Shah Afridi, Mohammad Hasnain
Two additions for England ODIs: Mohammad Amir and Asif Ali
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THE DETAILS
Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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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.