The group were picked based on how well their projects reflect the mandate of Zayed National Museum, which is expected to open next year. Pawan Singh / The National
The group were picked based on how well their projects reflect the mandate of Zayed National Museum, which is expected to open next year. Pawan Singh / The National
The group were picked based on how well their projects reflect the mandate of Zayed National Museum, which is expected to open next year. Pawan Singh / The National
The group were picked based on how well their projects reflect the mandate of Zayed National Museum, which is expected to open next year. Pawan Singh / The National

Recipients of Zayed National Museum's Dh1 million research fund named


Razmig Bedirian
  • English
  • Arabic

The 10 recipients of a Dh1 million fund to bolster research on the UAE's history and culture have been revealed.

The group includes academics and professors from respected institutions in the UAE and around the world.

The Zayed National Museum Research Fund, which also aims to expand the legacy of the UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, is awarded across categories such as his social, cultural and economic impact on the UAE; the country’s history and archaeology; and its intangible heritage, which spans oral history, customs, stories and music.

It will also focus on how the UAE and its ancestors developed connections with countries across the Arabian Peninsula and Indian Ocean, dating back thousands of years.

The researchers were picked based on how well their projects reflect the mandate of the country's national museum, which is expected to open next year.

“The selected projects will support the creation of an extensive body of scholarly works on the traditions of the UAE through an international lens with diverse perspectives,” said Mohammed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism – Abu Dhabi.

“Contributing to our intangible culture and unlocking possibilities for upcoming generations, the Research Fund underscores Zayed National Museum’s objectives of advancing knowledge, inclusive public engagement and harnessing the power of research and science to deepen our understanding of the UAE’s layered history.”

A panel of experts from the department and museum picked the recipients from a pool of 77 applicants from 19 countries.

From the UAE, the list includes Mohamed Almarri, an assistant professor at Dubai's Mohammed bin Rashid University of Medicine and Health Sciences; Maryam Al Shehhi, who is part of the UAE Permanent Mission to the UN; Reynold James, an associate professor at Zayed University; and Ali El Keblawy, a professor at the University of Sharjah.

International recipients include Sumaya Al-Weheibi, an international relations specialist at the Oman National Commission for Education, Culture and Science; Suhaib Alam, a professor at New Delhi's Jamia Millia Islamia; Ran Zhang, an assistant at the UK's Durham University; Seth MN Priestman, an honorary research fellow, also from Durham University; Lesley Gregoricka, a professor at the University of South Alabama; and Agnieszka Lic, an assistant professor at the Polish Academy of Sciences.

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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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.”

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

On the menu

First course

▶ Emirati sea bass tartare Yuzu and labneh mayo, avocado, green herbs, fermented tomato water  

▶ The Tale of the Oyster Oyster tartare, Bahraini gum berry pickle

Second course

▶ Local mackerel Sourdough crouton, baharat oil, red radish, zaatar mayo

▶ One Flew Over the Cuckoo’s Nest Quail, smoked freekeh, cinnamon cocoa

Third course

▶ Bahraini bouillabaisse Venus clams, local prawns, fishfarm seabream, farro

▶ Lamb 2 ways Braised lamb, crispy lamb chop, bulgur, physalis

Dessert

▶ Lumi Black lemon ice cream, pistachio, pomegranate

▶ Black chocolate bar Dark chocolate, dates, caramel, camel milk ice cream
 

Results

United States beat UAE by three wickets

United States beat Scotland by 35 runs

UAE v Scotland – no result

United States beat UAE by 98 runs

Scotland beat United States by four wickets

Fixtures

Sunday, 10am, ICC Academy, Dubai - UAE v Scotland

Admission is free

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

The Sand Castle

Director: Matty Brown

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

Rating: 2.5/5

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Updated: March 26, 2024, 2:33 PM