Farida Siddiqui, a past winner and ambassador of the Abu Dhabi Awards, says: "I just see people in need and I can't leave them."
Farida Siddiqui, a past winner and ambassador of the Abu Dhabi Awards, says: "I just see people in need and I can't leave them."

Searching for the selfless



Abu Dhabi // Farida Siddiqui can remember wanting to help others even as a child. If she saw an injured bird she would try to nurse it back to health. If she heard of anyone in trouble, she would do her best to offer whatever assistance she could. Now, decades later, the grandmother is one of the country's best known humanitarians. Every morning, she packs a few parcels of frozen water bottles, chopped fruit and boiled eggs and hands them out to those in need - usually construction workers, street cleaners or gardeners.

She visits the sick in hospitals, teaches refugee children and, through a vast network of friends and family, raises funds to lift the capital's desperate cases out of poverty. The tales of those Mrs Siddiqui has helped are countless. Last month, she came across an unidentified Bangladeshi patient at Sheikh Khalifa Medical City. The man was in a coma and had no identification or documents. Touched by his plight, she contacted an influential executive from Adnoc, who agreed to help track down the man's family.

After four weeks his wife and children were located on a remote island, starving to death. Mrs Siddiqui came to their rescue and now regularly sends money so they can buy food. Another Abu Dhabi woman, whose husband is brain-dead, relies on Mrs Siddiqui's charity for her rent and her son's schooling. "I just see people in need and I can't leave them," she said. "My main source of help is my husband, God bless him, then my large group of friends."

Mrs Siddiqui does not have to go directly to friends and acquaintances for money to fund her activities. She does not need to. People who hear of her work regularly leave anonymous donations with the watchman at her villa. A volunteer with the Red Crescent Society, she has worked with injured soldiers, negotiated with employers on behalf of labourers and raised money for patients who needed life-saving surgeries.

Her good deeds have not gone unnoticed. Last year, she was one of nine people given an Abu Dhabi Award, which recognises individuals who have made a positive contribution to society through their kindness and generosity. The awards, now in their fourth year, are presented under the patronage of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi. The campaign to find this year's winners will begin during Ramadan, during which the spirit of giving is as important as the act of fasting. Maryam Amiri, from the Abu Dhabi Awards organising committee, said: "We are trying to locate the unsung heroes. People who do good deeds rarely talk about it themselves so we want to encourage their friends, colleagues and family to put them forward. We want to honour those outstanding people in society who go above and beyond the call of duty. People like Mrs Siddiqui." Mrs Siddiqui is now an official ambassador for the Abu Dhabi Awards, as is Emad Saad, another of last year's winners. Mr Saad is an engineer with Abu Dhabi Municipality, but he spends his spare time on an "environmental mission". When he arrived in Abu Dhabi 12 years ago, Mr Saad decided to spearhead his own campaign to raise awareness about the environment. His main focus was to teach younger people about the importance of looking after the planet for future generations. "I believe we are all partners in sharing the task of protecting our environment," he said. "Every individual and every governmental office has a responsibility towards it." Mr Saad has organised beach clean-up campaigns, taken students on desert camping trips, and written opinion columns in various newspapers. His message attracted a lot of attention and, in 2001, Abu Dhabi Municipality partnered with Mr Saad to launch Al Bee Al Sagheer, or The Young Environmentalist - an online information portal and printed newsletter that informs people about ways to be eco-friendly. The newsletter is also distributed to public schools in Abu Dhabi. Since winning the award in 2007, Mr Saad has contributed even more hours to the cause. "Giving to society through volunteer work is one of the most noble aspects of humanitarian work," he said. "In the end, I believe in a message. This message is more important to me than an award. "My intention was not to win anything because any individual who has a passion for giving, doesn't do it for a prize." Mr Saad, who has a large family, believes charity begins at home and says the spirit of giving is fostered first and foremost within the family. Three of his children Adones, 17, Tyama, 14, and Naya, 11, have won awards for volunteer work in Sharjah. "Of course I am very proud of them and I believe I have taught them the key to volunteer work - time management," he said. "We all have 24 hours in a day - nothing more and nothing less. But the crucial part, the key, is managing your time wisely. Volunteer work cannot be successful and all-encompassing if it is haphazard. "You have to set up a plan. Know your strengths and channel your efforts, but also be wise with your time." For people like Mr Saad and Mrs Siddiqui, it seems like there are never enough hours in the day and, if the number of nominations received each year by the awards committee is anything to go by, there are many people carrying out similar acts of charity on a daily basis. Ms Amiri made it clear the awards were not a popularity contest: "We want to recognise the actual deeds rather than the person, so we do not make this a voting process, it is simply a nomination campaign. "A winner need only be mentioned by one other person. We make sure we dedicate plenty of time to investigate every nomination and that way we are sure we are locating the true local heroes. It is really important that others help us to find these people." Last year, 34,000 nominations were received, the majority from men. However, Ms Amiri wants to encourage women, students, executives and westerners to put forward their suggestions this year. "We want to hear from all ages and nationalities," she said. "As well as through word of mouth and media advertisements we are trying to reach as many people through the internet. "There will be a group on the networking site Facebook and a new website called the Wall of Goodness where people will be able to pledge their good intentions." Nominations open on Sept 7 for four weeks. Anyone wanting to put someone forward can do so by telephone, fax, mail or email. There will also be 111 collection points located across the emirate in malls, banks, government departments, hospitals and ministries. A fleet of small Smart cars will also tour the streets of Abu Dhabi and Al Ain as roaming nomination stations and can be flagged down by pedestrians or other drivers. "The idea is that we open up the nomination channels to absolutely everyone," said Ms Amiri. "I'd hate for someone to have wanted to put someone forward but wasn't able to find a way. The fact that we are opening up the nominations during Ramadan is also really important. People are even more giving at this time and it is a perfect time to appreciate the most charitable people in our community." @email:aseaman@thenational.ae @email:talramahi@thenational.ae

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

The Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Liverpool’s fixtures until end of 2019

Saturday, November 30, Brighton (h)

Wednesday, December 4, Everton (h)

Saturday, December 7, Bournemouth (a)

Tuesday, December 10, Salzburg (a) CL

Saturday, December 14, Watford (h)

Tuesday, December 17, Aston Villa (a) League Cup

Wednesday, December 18, Club World Cup in Qatar

Saturday, December 21, Club World Cup in Qatar

Thursday, December 26, Leicester (a)

Sunday, December 29, Wolves (h)

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

UAE finals day

Friday, April 13
Rugby Park, Dubai Sports City

3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

GROUPS

Group Gustavo Kuerten
Novak Djokovic (x1)
Alexander Zverev (x3)
Marin Cilic (x5)
John Isner (x8)

Group Lleyton Hewitt
Roger Federer (x2)
Kevin Anderson (x4)
Dominic Thiem (x6)
Kei Nishikori (x7)

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

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.”

The%20specs
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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
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RESULTS
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Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”