ABU DHABI // FNC candidates are adopting modern methods to convince voters that they should represent them.
While some are focusing on the traditional ways of promoting themselves – newspaper advertisements and billboards – others are turning to social media.
For his first attempt to be elected to the FNC, Khaled Al Qubaisi, 38, said he would not be advertising in certain newspapers as they are too expensive.
“I think spending a lot of money on a campaign sends the wrong message,” said Mr Al Qubaisi, a senior vice president at Abu Dhabi Marine Operating Company.
He said his campaign would focus on social media.
“I plan to run an ‘e-campaign’ which will have the greatest effect with the least amount of resources,” he said.
Mr Al Qubaisi said he will also be holding a daily majlis open to the public at his home, but it would not be the focus of his campaign.
He said voters had a responsibility to not only cast their vote but to use it wisely.
Before considering a candidate, Mr Al Qubaisi said, “voters should research the candidates, contact them, and ask them the right questions. Make your decisions based on the issues rather than advertisement or affiliation”.
Ajman candidate Eman Al Soom, 36, is using traditional electioneering techniques as well as social media.
“I am using everything in my campaign such as billboards on streets and leaflets distributed to voters,” she said. “But the main thing is social media such as Twitter, Instagram and a website, as well as the tents where I invite a group of women and discuss my electoral programme.”
She is awaiting confirmation from the National Election Committee as to whether she can use a YouTube channel to post videos about her message to the electorate.
Ms Al Soom, who is a media director for Ajman’s Executive Council, also agreed that big spending did not guarantee electoral success.
“Each candidate can spend as much as they want on their campaign. There is no minimum but the maximum is Dh2 million.
“But it is not necessary for a candidate to spend Dh2m to win. The attendance and voters are the essential things,” she said.
Ali Al Amri, a candidate from Dubai, said he would mostly use social media including Twitter and Instagram platforms to post videos and mission statements.
“I have already uploaded a video to make people familiar with who I am and what my plans are,” said Mr Al Amri, who has worked for Dewa and state security.
“I will rely on social media a lot. I also have friends in different areas who know different locations. I will later be going out with them to meet people and explain my programmes.”
tsubaihi@thenational.ae
roueiti@thenational.ae
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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.
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.”
Pearls on a Branch: Oral Tales
Najlaa Khoury, Archipelago Books
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine