There is only one way Hanadi Mubarak Obaid feels limited in celebrating this National Day.
"We have a rule in our family - women cannot decorate their cars," says Hanadi, 25, explaining that the stickers and colours bring more attention to the drivers.
In every other way the Emirati feels free to express the love she feels for her nation on National Day.
"I feel like it's my own birthday and the nation is growing, maturing and becoming stronger with every year."
Hanadi sees National Day as an occasion when all Emiratis can express their affection for their country.
"Why do people decorate their cars, come up with creative ideas and form the biggest human flags?" she asks. "It is because there is a strong relationship between the country, Rulers and us."
Hanadi says she has met many of the leaders, who were accessible and welcoming.
"When I met them they told me to look at them as a father and that I was like a daughter to them.
"Their attitude was like they were your family and not unreachable, high Rulers.
"The Rulers are meeting everyday people where they work and live, which shows how genuinely concerned they are about their people. They want to reach us."
The rulers of countries in the region that have recently experienced troubles are a sharp contrast to those of the UAE, Hanadi says.
"I felt sorry for what happened around the Arab world but you cannot reach the government or rulers in those countries.
"I am so grateful to be in the UAE, and because of the strong bond of the society and between the Rulers and the people, this will not happen here."
Having graduated from Dubai Women's College in ebusiness management, Hanadi is a graduate trainee at a national energy company.
She feels the opportunities she has been given are available to all Emiratis.
"We have free school, medicine, open public places - we have everything here. Emiratis can build their own houses and villas. Not only does it come for free but it is also very high quality."
Hanadi says quality of life in the UAE is higher than that of 80 per cent of countries around the world.
And on National Day, she feels it is essential Emiratis represent their country's history, culture and advancements to expatriate residents.
"A lot of people think Arab ways are old ways and that nationals do not work hard," Hanadi says.
"But we have to show them we are capable and have a lot of locals who work hard for the country."
Although her car is off-limits, Hanadi intends to celebrate by decorating her family's villa, inside and out, and wear bracelets in the colours of the UAE flag.
She will drive around the country today and hopes to make it to the Northern Emirates to experience more than one celebration. "I will take my nephews with me because it is important to show them these things and build their appreciation for their country when they are kids," Hanadi says.
talsubaihi@thenational.ae
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Company%20Profile
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Company%20Profile
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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.”
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
A%20QUIET%20PLACE
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5