Natural history group pledges to show the real Fujairah



DUBAI // Cave paintings, the ecology of wadis and even a search for the legendary Arabian leopard are up for inclusion on the agenda for a new group in Fujairah.

The Emirates Natural History Group - Fujairah will hold its first meeting next week in a bid to open up the treasures of the emirate to residents.

"Fujairah is one of the richest emirates in terms of biodiversity, geological diversity and archaeological history," said David Edwards, the acting president of the group.

"There's so much to see here, especially in the wadis. We want to get people out and see what's here on their doorsteps.

"If people are heading out they often don't know where to go, or they're worried about trespassing. We want to open up the emirate to them."

Mr Edwards, a Canadian who teaches English at Fujairah Men's College, expects up to 60 people at the first meeting, which will be held at the college.

"We expect that to grow exponentially as more people hear about the group," he said.

The normal price of membership is Dh100 or Dh150 for families - on par with other chapters of the group in Dubai, Abu Dhabi and Al Ain. Some branches have been running for more than 40 years.

But Mr Edwards said the fee would be waived for new members in the first year, as the coolest, and therefore most active, period of the year was almost over.

"We were initially hoping to start in September, but as usual life gets in the way," he said.

The idea came up in March last year when about 15 people went on a tour of a camel farm in the Bithna area of Fujairah, said Geoff Pound, one of the organisers and the author of the popular Fujairah in Focus blog.

"A lot of people thought that we should do this on a more regular basis," said Mr Pound, from New Zealand. "When we asked around, we found that a lot of people were thinking the same thing."

He said the group's programme would be varied enough to appeal to people of all interests.

"We'll have a variety of speakers with many different specialities," Mr Pound said.

"We'll also have regular field trips where we go out and crash around in a wadi for a couple of hours, or go to a fort."

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26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

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36 - India v Australia at Adelaide, Dec. 2020

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42 - New Zealand v Australia in Wellington, March 1946

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Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.

The hotel

Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850

 Events and tours

There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com

For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art. 

More information

For ideas on planning a trip to Scotland, visit www.visitscotland.com

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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.”

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- Jimi Hendrix

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- Joan of Arc

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