As the city streets swell during the Ramadan nights, glinting scissors and unfurling tape measures can be seen through the windows of Al Qarveen Tailoring and Textiles.
This humble storebehind the Madinat Zayed Gold Souq in Abu Dhabi is in the vanguard of a contingent of about 15 tailoring shops in the neighbourhood.
Dellus Asirvatham, 30, is the manager of the small store - one of two outlets in the area that bear the name Al Qarveen.
He quickly assesses his customers needs, speaking in Hindi, or smatterings of Arabic, English and Urdu.
"Three piece or two piece?," he says. "Two buttons or three? Pleated? I'll give you a good deal."
Al Qarveen, which caters to men only, makes 100 tailored suits a month, more than three suits a day. At about 20 measurements a suit, that adds up to some 24,000 measurements in a year.
In quick motions, Mr Asirvatham takes the tape measure from around his shoulders, applies it to his customer and reads off the numbers.
He does not miss a measurement, including those that your average buyer of off-the-rack suits does not even know are relevant.
"It must fit perfectly," says Mr Asirvatham. When possible, he makes small talk and sends one of the team out to buy orange soda or tea to make the process seamless.
The store's second in command, Lyttus Asirvatham, 34, is a trouser specialist.
He jots down the measurements in a kind of tailor's code that includes measurements and small illustrations.
These suits are not just tailored to a customer's shape, but also to his minuscule preferences about pockets and cuts.
Indeed, the style choices tell a story about the working men of the city.
As the economy overheated in 2008 and money was sloshing around the Emirates, tuxedoes were in higher demand.
Sales of suits in general plummeted early last year, when companies laid off staff and pared back their growth plans.
Meanwhile, in a sign of a shift towards public-sector employment, demand for business uniforms increased.
During Ramadan, there is usually a dip in sales, but Al Qarveen says business is up compared with a year ago.
"Now things are picking up after a long time," says Mr Asirvatham, the manager. "More suits."
Getting a suit just right is more of an art than a science, says Mr Asirvatham, who figures he can assess a man's size down to a centimetre or two, but for safety he takes all measurements.
And no challenge seems beyond his scope. A semi-serious question about a finely tailored fedora was met with a serious nod.
"Neck ties, hats, jackets, vests," he says. "We can make them."
The confidence comes in part from dealing with a range of nationalities and their respective styles.
Requests vary widely, even including princely Jodhpuri suits with gold embroidery for weddings.
The cost of a suit can range from a few hundred dirhams for a uniform to thousands for a three-piece suitfashioned from expensive imported material.
The store is a textbook example of specialisation. Each of the 25 workers hailing from India, Bangladesh, Nepal and Pakistan has a particular skill that is developed over years.
One man focuses on shirts, another on trousers and a bespectacled Indian with a moustache standing at the window is an expert at cutting cloth with a giant pair of scissors.
"You have to be very careful," he says. "Very steady."
A trainee may start off running errands before graduating to ironing and basic sewing on trousers. Then he would move up to shirts and eventually to jackets.
A veteran can construct a full suit in less than a day, but an amateur would be doomed to a week of failures before producing a slipshod set of threads.
Al Qarveen has 18 Juki sewing machines, some in plain view and others tucked into corners of a small workshop above the sales room or a larger space at the second store.
Some of the workers are responsible for buying the material, sourcing their best product from Dubai's fabric district in Deira.
There, traders bargain over cloth shipped mostly from India and Europe for the finer garments.
Mr Asirvatham the manager and Mr Asirvatham his deputy, who are not related, hail from the Kanyakumari district in Tamil Nadu state in south-eastern India.
The district, formerly known as Cape Comorin, has two major cities, Nagercoil and the denser Thiruvananthapuram, which has a vibrant textile trade.
For these two, tailoring is a vocation inherited from their forefathers.
Both men arrived in Abu Dhabi about six years ago after a recruiter interviewed them in India.
They say they could stay as long as 25 years, enough to support their families back home at a salary higher than they could get in the textile trade there.
So, do Al Qarveen's tailors all have tailored suits?
They tailor their own collared shirts but tend to make suits for themselves only when they are about to get married.
An alteration specialist who gives his name only as Manoharan looks up from his sewing machine. "Hopefully, soon I'll need a suit," he says with a smile.
Life in the tailoring shop is fast-paced, and there is little room for mistakes. Customers do not respond well to ill-fitting suits, and one wrong measurement often means a time-consuming alteration.
For Mr Asirvatham, the manager, this job, with its demands for care and precision, is well worth doing.
And someday, he might even have saved enough to return home and open his own store.
"But that's just dreams," he says.
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Prophets of Rage
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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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