A view across the city of the famous jet d’eau, or water fountain, and Lac Léman, seen from the cathedral of St Peter.
A view across the city of the famous jet d’eau, or water fountain, and Lac Léman, seen from the cathedral of St Peter.

My kind of place: Geneva



Why Geneva?

This small and expensive Swiss city remains a zone of polite refinement, where ladies wear cashmere, the pooches are pure-bred and everyone has time to chat at cafe tables. It's not buzzing - highlights include the International Museum of the Reformation, the Patek Philippe Museum, a large water jet and a floral clock, after all - but Geneva is undeniably a very pleasant place to while away time. Tourists leave with a shining new wristwatch or 10, boxes of rich chocolates or delicately flavoured macaroons and pleasant memories of floating across Lac Léman, as well as a taste for the local cheese served up in dishes such as creamy fondue moitié-moitié - half Gruyère, half Vacherin Fribourgeois cheese - completely delicious.

A comfortable bed

Given that visitors here need deep pockets, it's not surprising that big-name five- star hotels such as Kempinski and Four Seasons crowd its lakeside promenade. For a slightly more intimate welcome, try the Hotel d'Angleterre (www.dangleterrehotel.com; 00 41 22 906 55 05), a boutique five-star hotel on the Quai du Mont Blanc looking out towards that famous mountain. A double room costs from 470 Swiss francs (Dh2,260) per night, including taxes. The hotel can organise gastronomic tours to nearby Gruyères, home of the nutty-tasting hard cheese, as well as visits to a chocolate factory.

Boutique hotel, La Cour des Augustins (www.lacourdesaugustins.com; 00 41 22 322 2100), behind the cathedral square, is more modern in style, with stark white "open space" double rooms costing from 275 francs (Dh1,274) including taxes. Its spa boasts a hammam and a shocking pink, neon-lit sauna.

For a more affordable stay, try the plain but comfortable Hotel Lido (www.hotel-lido.ch; 00 41 22 731 5530) near the railway station, where double rooms cost from 160 francs (Dh741), including taxes and breakfast.

Find your feet

Geneva sits on the south-west shore of Lake Geneva, also known as Lac Léman, divided by the River Rhône River as it flows into France. Stroll along the promenade by the water's edge, looking out towards imperious snow-capped Mont Blanc and the green ridge of the Jura mountains. Paddle steamers and small boats, such as the tiny yellow public ferries or mouettes, will criss-cross your line of sight between the banks. Turn away from the water's edge opposite the floral clock in the Jardin Anglais and head up into the Old Town and the cathedral of St Peter; looking left and right you will see a barrage of well-known designer names as you cross the Rue du Rhône.

The cathedral square marks the heart of the old city and is home to the International Museum of the Reformation, which explains the city's role in cementing the Protestant Reformation in the mid-16th century. Opposite is the appropriately plain chapel of John Calvin, the French theologian who is credited with transforming the city into an autonomous state under the new religion and a centre for learning. Keep heading up the narrow streets lined with tall, shuttered town houses and stop to catch your breath in the cobbled Place du Bourg-de-Four opposite the Palais de Justice. Grab a table at La Clémence (www.laclemence.ch), a reasonably priced cafe and local institution where both the clientele and staff are friendly, before exploring the mix of clothing boutiques and fine arts shops and galleries nearby.

Meet the locals

Take a tram from Cornavin Station on the right bank to the weekend flea market at Plaine de Plainpalais, where local traders hawk everything from kitchen appliances to Swiss-army surplus. On a Saturday, continue your journey to the trendy suburb of Carouge, where a farmer's market transforms the lovely main square. You can buy all sorts of fresh produce, meats and cheeses here. After the day's business is done, the stall holders get together to enjoy the afternoon sunshine.

Book a table

Geneva is well known for fine dining, but for a table with a changing view, book a gourmet lake cruise aboard the Savoie paddle steamer. From May until September, diners can experience the talents of chef Philippe Chevrier, who normally oversees the kitchens at the two Michelin-starred restaurant Domaine de Châteauvieux outside the city. A four-course evening meal costs 103 francs (Dh486) per person (www.cgn.ch).

Shopper's paradise

Chanel, Hermès, Fendi, Dior, Yves St Laurent, Patek Philippe ... the list of design houses, jewellers and watchmakers offering VIP service along the Rue du Rhône is formidable. Fabergé has its one and only boutique in Geneva, which should tell you something.

What to avoid

Pâquis, the area directly behind the Quai du Mont-Blanc on the right bank, is where you'll find shisha cafes and authentic Middle Eastern restaurants - but be warned that it's also home to some seedy-looking, heavily curtained bars.

Don't miss

A small white tower jutting out into the lake off the right bank marks the Jetée des Pâquis, and a private beach known as Bains des Pâquis (www.bains-des-paquis.ch). For two francs (Dh9), you can unroll a towel on the shingle and take a dip in the lake.

Return flights on Etihad Airways (www.etihadairways.com) from Abu Dhabi to Geneva cost from Dh2,870, including taxes.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
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
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

ASIAN%20RUGBY%20CHAMPIONSHIP%202024
%3Cp%3E%3Cstrong%3EResults%3C%2Fstrong%3E%3Cbr%3EHong%20Kong%2052-5%20UAE%3Cbr%3ESouth%20Korea%2055-5%20Malaysia%3Cbr%3EMalaysia%206-70%20Hong%20Kong%3Cbr%3EUAE%2036-32%20South%20Korea%3Cbr%3E%3Cbr%3E%3Cstrong%3EFixtures%3C%2Fstrong%3E%3Cbr%3EFriday%2C%20June%2021%2C%207.30pm%20kick-off%3A%20UAE%20v%20Malaysia%3Cbr%3EAt%20The%20Sevens%2C%20Dubai%20(admission%20is%20free).%3Cbr%3ESaturday%3A%20Hong%20Kong%20v%20South%20Korea%3Cbr%3E%3C%2Fp%3E%0A

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.”

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5