SA worker at Sahar Al Sharq Perfumes in Sharjah shows how to refill one of the perfume vending machines that can be found dispensing scents to worshippers outside mosques in the UAE. Pawan Singh / The National
SA worker at Sahar Al Sharq Perfumes in Sharjah shows how to refill one of the perfume vending machines that can be found dispensing scents to worshippers outside mosques in the UAE. Pawan Singh / TheShow more

Fragrant enterprise



Mitchell Lapenid suspected her boss had a brilliant idea when he started bombarding her with questions about vending machines. It was, he told her, extremely top secret.
"He said, 'Just tell me, but don't tell anybody [else]'," said Lapenid. "Afterwards he conceptualised."
The conversation was followed by Essam Al Wari locking himself in his Sharjah workshop for several weeks and taking apart and examining a cola dispenser.
Months later, the Syrian perfumer emerged victorious with the UAE's first luxury perfume vending machine.
It was no ordinary machine. In other places, perfume dispensers are flimsy and eject small plastic vials of cheap cologne in seedy public toilets. But in a country where vending machines dispense gold, Al Wari knew nothing but elegance would do.
Al Wari tinkered with the cola dispenser, adding what he needed and removing what he didn't. He put samples at the side with paper slip holders so people could sniff perfumes before committing to a 50 gram bottle.
"Now you will also see the sales lady there to explain to customers this machine because in 2010, people did not understand this machine," said Al Wari's son-in-law, Mohamad Al Hafar, who is the manager of the company's vending section. "Some people thought it was for cigarettes."
Each of Al Wari's 63 scents, which he promises will make you smell like a sheikh for a mere Dh50, are produced under secret conditions.
Al Wari competes in a country where perfume is not a luxury, but a daily essential nearly as indispensable as clothing. Al Wari does not just sell perfume, he is a second-generation Damascene perfumer who has spent decades of his life hunched over vials of musky oils and blends of crushed seeds and resins.
"In an Arab country, perfume is part of the basic needs," said Lapenid, a perfume expert at Sahar Al Sharq Perfumes.
As essential as perfume is, sales dropped during the recession. The vending machine enterprise provided just the financial boost Al Wari needed to survive the downturn, with his 14 machines generating average monthly sales of Dh20,000.
Al Wari, 47, started his perfume empire in a room in a Sharjah villa. He produced the perfume and his wife, Rosanne, took charge of sales. Once the business became established they opened their first UAE showroom in 2001. They now have 10 showrooms in the UAE, two in Oman and one in Syria.
"It was his hand only," said Al Hafar, 28. "I will tell you the story. Mr Essam was in a room, a small room. His wife was doing sales and then they grow up the company shops, one by one.
"His nose is really tired now, he always takes atropine," said Al Hafar. "He has his hand in everything. Mr Essam mixes everything, smells everything with his nose."
After years of experimenting with perfume production, Al Wari turned his attention to mechanics. The luxury vending machine was not his first.
His perfumes are sold at 250 mosques in five emirates. Small dispensers sell three grams of oil for Dh3, enough to cover the cost of the glass bottle. No profit is made from this. It's simply his way of giving something back to the community.
"Some people don't have money to buy perfume, and then when they go inside the mosque, it's a nice smell for the people," said Al Hafar.
"People go make ablutions and they go inside the mosque, but some people have a bad smell because they work outside. In our Islam there should be a nice smell."
The secret to perfume success is to know the people, Al Hafar says.
The company plans to sell Dh10 pocket perfume and Dh15 air freshener at petrol stations following its success at Dubai Metro stations.
Perfumes are made using secret formulas in a warehouse in Sharjah's industrial district.
In the UAE there is a strong preference for a mix of sutble European scents and heady oriental oils such as oud, an essential oil distilled from the resin of aquilaria trees.
"Arabic is always more strong," said Al Hafar. "Ah, you don't know oud? Let me check this one. Nice smell, totally you. This is the oud. This is the pure oud."
Just as major perfume brands use celebrity endorsements to sell perfume, in the UAE people want to smell like royalty.
"This is one of the best," Al Hafar said, pulling up bottle after bottle. "Sheikh Mohammed perfume. This is coming only for him before and this, this one is for Sheikh Zayed only."
The popularity of Turkish soap operas is making perfumes from that country increasingly popular with Gulf citizens.
Lapenid is a specialist in Turkish perfumes and she loves classics like Chanel No 5 but did not even know how to pronounce most of the product names before she joined the family business in 2006.
She began working for his family as a domestic employee and is now Al Wari's right-hand woman. The family supported her education and gave her the chance to prove herself as a sales associate.
"I applied for work as a servant but of course I will not be forever like that," said Lapenid, an MBA student. "I'm telling them what I want, I'm telling them what I can do. Then I think they saw me, that I'm capable. This is my humble beginning."
She has since declined many offers from rival companies.
"I am really attached to this family, I really love them and I really love the company and also I love my work," she said. "Mr Essam he's a typical man, he never talks too much.
"He's very conservative but at the same time very fashionable. I don't know how I will define him. He is mysterious."
azacharias@thenational.ae

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

ICC Intercontinental Cup

UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed

Fixtures Nov 29-Dec 2

UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi

Hong Kong v Papua New Guinea, Sharjah Cricket Stadium

Ireland v Scotland, Dubai International Stadium

Namibia v Netherlands, ICC Academy, Dubai