ABU DHABI // A group of women are appealing for more Emiratis to join them on their mission to relive history, as they walk across the dunes from Al Ain to Abu Dhabi.
The Emirati and expatriate women will set across the desert for a six-day, 140-kilometre Women’s Heritage Walk starting on March 7.
Twenty-two expats and eight Emiratis participated in the first walk last year, but this time, organiser Jody Ballard, 59, wants to have equal numbers of Emiratis and expats on board.
“Finding expat women was easy, but Emirati women are harder to convince,” said Ms Ballard, an American women’s wellness coach.
“To get equal numbers, we require eight more Emirati ladies, which will bring our numbers up to 44 in all. This walk has added significance for Emiratis, because they are walking in the footsteps of their grandmothers.”
One Emirati woman who has signed up is Noor Al Tamimi, 36, managing director of the beauty company Dashing International Group. She first heard about the walk from her younger sister Bodour, who completed the trek last year.
“When Bodour first told me about the walk, I thought it was a crazy idea,” said Noor. “Going without civilisation, without bathrooms for six days – I thought, ‘No way!’
“But I realise that unless we push ourselves out of our comfort zones, we will never progress our personalities. I’m a mother of five with three sisters, and I have more than 200 lady staff in my company. I want to be a good role model to all of them.”
Another Emirati walker is Salama Al Shamsi, 31. As the head of the project to build the Zayed National Museum on Saadiyat Island, she has spent plenty of time dwelling on the hardships that Emiratis endured on such journeys between desert communities, before the advent of cars.
“It was a harsh life for them,” Ms Al Shamsi said. “Only 50 years ago, people would spend the summer in Al Ain because it was cooler, and the winters in Abu Dhabi.
“They used to walk for a long time in caravans of camels, with just a little food. I remember hearing stories of how they’d count the number of drops of water they allowed themselves to drink each day.”
Ms Al Shamsi’s grandfather was a pearl diver, and used to tell his granddaughter about his exploits at sea. She recalled that he wore traditional socks to trek across the desert, in the days before sandals. “I want to follow in the footsteps of my grandparents and my great-grandparents, to know what it was like for them,” she said.
Unlike her ancestors, Ms Al Shamsi and her fellow walkers will have the luxury of comfortable trainers, modern walking poles and an ambulance trailing them should an emergency arise. But in other ways, their trip will mirror those undertaken by past generations.
Participants will learn about Bedouin star gazing, coffee making and traditional music. Maj Ali Saqar Al Suweidi, president of Emirates Marine Environmental Group, will teach the walkers songs his grandfather taught him as a child.
“We Emiratis used to sing songs like Wa’ale Wa’ale, which means ‘we help each other’,” he said. “The words mean, ‘May God help us, make it easy for us’.”
His grandfather used to walk from Dubai to Al Ain, and Maj Al Suweidi did the trek on foot himself during his army training.
Ms Ballard said the walk will bring the women together as a team.
“They move from a shy, respectful watching each other to creating a lifelong connection. It is a beautiful process to observe.”
Information is available at www.womensheritagewalk.com
newsdesk@thenational.ae
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
Essentials
The flights
Emirates flies direct from Dubai to Seattle from Dh6,755 return in economy and Dh24,775 in business class.
The cruise
UnCruise Adventures offers a variety of small-ship cruises in Alaska and around the world. A 14-day Alaska’s Inside Passage and San Juans Cruise from Seattle to Juneau or reverse costs from $4,695 (Dh17,246), including accommodation, food and most activities. Trips in 2019 start in April and run until September.
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.”
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Game is on BeIN Sports
Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel