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It's a buyer's market: the Dubai Shopping Festival



When faced with a sale, the fight or flight reaction often kicks in. While many may be sceptical about the actual bargains to be had, DSF should not be overlooked, especially when it comes to furnishing a home. While shopkeepers remain coy about the discounts they plan to offer, especially this year when business has been down on previous ones, you can be sure that they are keen to get rid of stock ordered during the good old pre-recession days. And that's good news for us, the buyers.

Generally you can be guaranteed discounts from 30 per cent to as much as 80 per cent off retail prices, so many items will actually be at cost price. Add to that the incentive of raffles and special draws if the store is located in a mall, and you start wondering how anyone will be able to pay full retail price for anything ever again. While retailers will be hoping for a bumper sales season, cautious buying is a sign of the times. As a rule of thumb it's usually best to stick with some basic guidelines rather than sallying forth aimlessly. That's true whether you're buying lingerie, linen or lighting.

The One
The first day of the sale in The One's flagship store in Jumeirah is the nearest the UAE gets to the annual Harrod's sale in London. A surge of people and a sense of drama is heightened by the heaped trolleys of customers buying all manner of items. Discounts can be up to 70 per cent and some things are ridiculously cheap for the quality. Sofas and chairs are great here but it's also useful to stock up on art and photo frames. As for unexpected presents - this is the place you'll find lots of reserve gifts for friends and family to keep you going throughout the year.

At: Mall of the Emirates, Wafi City, Jumeirah Beach Road and in Khalidiya and Abu Dhabi Mall The White Company
The beauty about The White Company is that the stock rarely changes as it's always, well, white. So you won't have the feeling you are buying last season's colours. This store works particularly well with our climate, so whether you want to rock the Hamptons beach house look or revamp your romantic boudoir, you'll find all that you need. The bed linen washes well and feels like Frette but at a fraction of the price. The nautically-themed children's accessories are also great for nurseries.

At: Deira City Centre, Wafi City, Mall of the Emirates and The Dubai Mall.Also in Abu Dhabi Mall. Geneviève Lethu
The "art of the table" is a particularly French skill and, while a host of companies has set up in UAE (among them, Guy Degrennes in Festival City), Geneviève Lethu's selection of table and kitchenware remains a favourite. It's not just that the stock includes perennial collections (L'Amour du Voyage for instance) but the colour ways are inspiring. This is a store that is good for Wedding List purchases as well as splurging on new dinner sets.

At: Mercato Mall and Wafi City Iwannagohome!
We think the vogue for high-gloss furniture can be traced to this store, since it opened in Dubai Mall a few months ago. Its fun, on-trend fashion colours make it a firm favourite for apartment dwellers. They have some accent pieces that we also spied at Graham & Greene in London - for instance, inlaid bone chairs and a funky hot pink chaise longue. This is the store in which to purchase a talking point - not a whole house though.

At: Dubai Mall Under One Roof
If you've decided that this is the year to 'do something' with your kitchen or bathroom but are stuck for ideas, head down to Under One Roof. They've got a host of ideas that will inspire you. Perhaps all you need is your kitchen units resprayed? Let their Permaglaze team advise you on fashionable glosses. If your bathroom needs to be opened up, why not ditch the dingy shower curtain and get a sleek Roman shower screen or cubicle. You may well also be tempted by a Metris kitchen. Either way, with the special discount during DSF, the spend will feel a lot less.

At: Al Quoz, behind Dubai Garden Centre Laura Ashley
One of the best stores to visit to get the feel of a complete look - and you'll be pleasantly surprised to find that this quintessential British brand is not just about pretty florals. Its current collection embraces sleek minimal looks as well as contemporary classics. It's a great place to find lighting and mirrors too, and we suggest that these may be their best bargains on sale - as well, of course, as the fabrics and wallpapers.

At: Mercato Mall One World
Often overlooked, this store stocks mainly white wooden furniture, such as Welsh dressers, writing desks and kitchen tables. The selection lends a colonial air to the store - hence its name. The accessories are original, too, but we recommend that you stick with larger items and shelving units that can fulfil a multitude of purposes, from bookcases to bathroom units.

At: Town Centre Mall Hollands & Burton At Home
Already a favourite among the coffee morning set in Dubai, dynamic duo Carolyn Hollands and Debbie Burton owe their success mainly to their choice and stock of fabrics. Jane Churchill, Colefax & Fowler and Manuel Canovas are among the ranges on offer. Their DSF discount also includes their white china range and beautiful Côté Bastide wares from France, which are perfect for presents or for giving yourself a treat.

At: Al Manal Clubhouse, Palm Jumeirah Debenhams
As a one-stop shop, you can't beat Debenhams' home section for kitchen basics. The store's "designer section" is growing and includes John Rocha, Jasper Conran, Kylie Minogue and Julien MacDonald bed linen. We recommend that you also check the Esprit collection of rugs - they look luxurious and come in a great range of sizes, but are surprisingly affordable. The beauty of Debenhams is that, in addition to its DSF discounts, you can get an additional 20 per cent discount on special days.

At: Deira City Centre, Dubai Mall, Mall of the Emirates And So To Bed
Surprisingly, you'll find a lot more than just beds in And So To Bed. There's a huge range of bedroom furniture - from cabinets finished in gold leaf, to eclectic prints, as well as silk and lace bed linen. However, if you want an heirloom bed or have longed to have a four poster, this is one store with great bargains on big-ticket items.

At: Beach Road, Dubai Baituti
For design aficionados, Baituti is not to be missed; indeed the word translates as "the person who loves to stay at home". Sharp lines, modern materials and muted colours make for chic style statements. Baituti's sale usually yields big ticket items at more palatable prices and, for discerning shoppers, the value of the item lies in its longevity and design history. So if you are looking for labels such as Mooi, B&B Italia, Casamilano, Serralunga and Promemoria, this is the place to come.

At: Zabeel Road, Mall of the Emirates Carpetland
Discounts of up to 50 per cent could be enough to sway you towards the zebra skin rug, the sisal carpet or the parquet floor of your dreams. Do not be mislead by the name: the showroom offers traditional Persian rugs as well as a variety of wood floors ranging from laminates to hardwood. Carpetland is best known, though, for its contemporary carpets in bold colours and is well worth investigating if you want to make a style statement in your hallway or living areas.

At: Pyramid Building, Zabeel Road and Village Mall.

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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Company%20profile
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

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.”

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

EA%20Sports%20FC%2024
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MATCH INFO

FA Cup fifth round

Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

PROVISIONAL FIXTURE LIST

Premier League

Wednesday, June 17 (Kick-offs uae times) Aston Villa v Sheffield United 9pm; Manchester City v Arsenal 11pm 

Friday, June 19 Norwich v Southampton 9pm; Tottenham v Manchester United 11pm  

Saturday, June 20 Watford v Leicester 3.30pm; Brighton v Arsenal 6pm; West Ham v Wolves 8.30pm; Bournemouth v Crystal Palace 10.45pm 

Sunday, June 21 Newcastle v Sheffield United 2pm; Aston Villa v Chelsea 7.30pm; Everton v Liverpool 10pm 

Monday, June 22 Manchester City v Burnley 11pm (Sky)

Tuesday, June 23 Southampton v Arsenal 9pm; Tottenham v West Ham 11.15pm 

Wednesday, June 24 Manchester United v Sheffield United 9pm; Newcastle v Aston Villa 9pm; Norwich v Everton 9pm; Liverpool v Crystal Palace 11.15pm

Thursday, June 25 Burnley v Watford 9pm; Leicester v Brighton 9pm; Chelsea v Manchester City 11.15pm; Wolves v Bournemouth 11.15pm

Sunday June 28 Aston Villa vs Wolves 3pm; Watford vs Southampton 7.30pm 

Monday June 29 Crystal Palace vs Burnley 11pm

Tuesday June 30 Brighton vs Manchester United 9pm; Sheffield United vs Tottenham 11.15pm 

Wednesday July 1 Bournemouth vs Newcastle 9pm; Everton vs Leicester 9pm; West Ham vs Chelsea 11.15pm

Thursday July 2 Arsenal vs Norwich 9pm; Manchester City vs Liverpool 11.15pm

 

Company%20Profile
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Fixtures

Sunday, December 8, Sharjah Cricket Stadium – UAE v USA

Monday, December 9, Sharjah Cricket Stadium – USA v Scotland

Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland

Thursday, December 12, ICC Academy, Dubai – UAE v USA

Saturday, December 14, ICC Academy, Dubai – USA v Scotland

Sunday, December 15, ICC Academy, Dubai – UAE v Scotland

Note: All matches start at 10am, admission is free

COMPANY%20PROFILE%20
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What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
Company%20Profile
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Brief scores:

Barcelona 3

Pique 38', Messi 51 (pen), Suarez 82'

Rayo Vallecano 1

De Tomas Gomez 24'

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The biog

Born: near Sialkot, Pakistan, 1981

Profession: Driver

Family: wife, son (11), daughter (8)

Favourite drink: chai karak

Favourite place in Dubai: The neighbourhood of Khawaneej. “When I see the old houses over there, near the date palms, I can be reminded of my old times. If I don’t go down I cannot recall my old times.”

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.

Stamp%20duty%20timeline
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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  


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