Madagascar
Enjoy a diving holiday while taking part in an environmental conservation project in the remote fishing village of Andavadoaka on Madagascar's south-west coast, home to some of the most biologically diverse marine systems on Earth. Volunteers with no diving experience will be given instruction at the project site (PADI certification level "Advanced Open Water" or higher), and all volunteers will be trained in marine research and on-the-ground conservation. The dives are led by international researchers.
The three-week trip costs Dh8,160 per person, including accommodation, dive training and expeditions, transport, meals and activities such as bird watching and hiking. International flights not included. For more details, visit http://blueventures.org.
Borneo
Steppes Discovery has a 10-day holiday to Borneo that offers the opportunity to go behind the scenes of orang-utan conservation in Tanjung Puting National Park. Volunteers will stay in en suite rooms at Rimba eco-lodge, which offers great views over the Sekonyer River, and enjoy private river cruises, explore the small, winding waterways that criss-cross the tropical forest, and go wildlife spotting from Camp Leakey, the base camp. Besides orang-utans, you'll also see proboscis monkeys, as well as kingfishers and monitor lizards. Visitors have the option of taking a trip extension to Bali and exploring its beaches, temples and the volcano at Mount Bromo.
The 10-day conservation holiday costs from £2,695 (Dh15,715) per person, including accommodation, based on two sharing, some meals, instruction in conservation and research, hikes and treks. International airfare not included. Visit www.steppesdiscovery.co.uk for more details.
Colombia
Colombia, South America's fourth-largest country, offers a cultural mix of Indian, Spanish and African influences. This journey put together by Bales Worldwide starts with an excursion to the renowned museums of the capital, Bogota, and includes a visit the old town of Villa de Leyva in Ricaurte province, treks through the coffee-growing region in the foothills of the Andes, and a tour of the colonial streets and beaches of the seaside resort of Cartagena.
The 11-day trip costs Dh15,595 per person, including domestic flights, accommodation (based on two sharing), meals as outlined in the itinerary, local transport, some sightseeing, entrance fees to the sites and the services of English-speaking guides. International airfare not included. Visit www.balesworldwide.com for more information.
Thailand
Rediscover Bangkok with Mandarin Oriental Bangkok's "Bangkok Four More" package. Starting from 9,243 Thai baht (Dh1,100) per night in a superior room (based on two sharing), the package includes personal butler service, an upgrade to the next room category, a Thai buffet lunch for two (per stay), late checkout at 6pm, and taxes. The offer is valid until September 30. Visit www.mandarinoriental.com to book.
travel@thenational.ae
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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.”
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 258hp from 5,000-6,500rpm
Torque: 400Nm from 1,550-4,000rpm
Transmission: Eight-speed auto
Fuel consumption: 6.1L/100km
Price: from Dh362,500
On sale: now
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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Score
New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs
New Zealand win by 47 runs
New Zealand lead three-match ODI series 1-0
Next match: Zayed Cricket Stadium, Abu Dhabi, Friday
Our legal columnist
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