Etihad is among the airlines affected by the ban. Kamran Jebreili / AP
Etihad is among the airlines affected by the ban. Kamran Jebreili / AP

Breathe easily, the electronics ban is in our interests



The news has been full of the United States’ ban on personal electronics on direct flights from 10 airports in countries that include the UAE. It’s an announcement that sent airlines and passengers into a tizzy, as everyone scrambled to manage this sudden limitation.

The ban reveals the deeply autocratic nature of the Trump administration, which has decided that it knows what’s best for everyone. We may grumble, but let’s face it: we all know we need a digital detox, and this ban is Donald Trump’s way of ensuring that we all learn how to unplug.

Truly, this out-of-the-blue prohibition presents an opportunity. We can now put into practise all those articles we’ve been reading about “mindfulness” and “breath”. On that long-haul flight from Dubai to New York, instead of catching up on work email or planning for the incredibly important meeting waiting at the end of your flight, you can focus on your meditation.

Teach yourself to shut out the sounds of the yowling toddler who has clicked through all the available inflight entertainment before the plane has taken off and is now demanding snacks, the potty, a chance to run around. “Breathe,” you tell yourself, “breathe”.

Don’t you feel better? All that nice slow breathing has totally relaxed you. And if the breathing hasn’t helped yet, don’t worry: you’ve got about 14 more hours to practise.

Sometimes, when we’re away from the office, anxiety about work can kick in, but now, without your personal electronics, you can unwind with an inflight movie. The electronics ban means you now have time to watch those movies you didn’t want to pay to see in the theatres. Even better, given that the man in front of you has reclined to the utmost, you don’t need your reading glasses to see the screen, because the action is taking place essentially at the end of your nose. Added plus? The headphones help to cancel out the noise of the still furious toddler.

Granted, some people are saying that these restrictions on flights from the UAE in particular aren’t about a government-imposed digital detox, but are Mr Trump’s attempt to placate US airlines who have insisted that the Gulf carriers are getting unfair government subsidies (which the Gulf carriers deny).

These naysayers point out that on US carriers such as Delta, passengers can have all the electronics on board that they want, even on long-haul flights – which does seem a little odd. If personal electronics batteries can be weaponized, which is the stated reason for the ban, can’t they also be weaponized on US carriers? And on flights from, say, Brussels or Paris to the US, as well as from the UAE?

But surely the US government wouldn’t be so petty; surely this ban is intended as a restorative, even nostalgic action. Mr Trump’s actions will return us to the golden age of air travel, when people boarded the plane with nothing but a book and a packet of cigarettes. People made conversation with their seatmates and puffed away to pass the time. I’m sure it’s only a matter of time before cigarettes are reintroduced as a travel aid.

The ban also means we can return to “real books”, as my children call them. Who needs a Kindle containing an entire library, plus several newspapers and magazines, when you can choose a single book for the entire flight? Focus, people, the ban is all about focus. I’m a pretty fast reader, so I’ll be carrying two books, but that means I’ll get a bit of a workout schlepping them in my on-flight bag. Clearly, Mr Trump not only shares my love of reading, but also wants to help me get fit.

Let’s not grumble about this ban, let's embrace it as a long-haul gift, enabling us to become calmer and more well-read. And for parents of unhappy toddlers, who are less sanguine about digital detox, I have two words of advice: sticker books. Lots of sticker books, whipped out at strategic intervals (like when everyone around you wants to sleep). Intersperse the stickers with lollipops and everyone will be happy.

Deborah Lindsay Williams is a professor of literature at NYU Abu Dhabi

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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

UAE currency: the story behind the money in your pockets

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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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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
Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

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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
 
If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

Company%20Profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
'Operation Mincemeat' 

Director: John Madden 

 

Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton

 

Rating: 4/5

 
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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5