Mohammed al Zaabi, a volunteer supervisor for Takatof, greets visitors as they arrive at the Abu Dhabi airport yesterday.
Mohammed al Zaabi, a volunteer supervisor for Takatof, greets visitors as they arrive at the Abu Dhabi airport yesterday.

The public face of the Grand Prix



ABU DHABI // Theirs will be the very public and very Emirati faces of the Abu Dhabi Grand Prix this week, welcoming the thousands of people arriving in the city for the race at the Yas Marina Circuit. A team of 850 volunteers, 95 per cent of them UAE citizens, will ensure that the wheels of the Abu Dhabi Grand Prix turn smoothly. The grass-roots effort, which includes housewives as well as students and is co-ordinated by Takatof, the volunteering programme of the Emirates Foundation for Philanthropy, represents something of a cultural breakthrough in the UAE: people coming forward in large numbers to work, without pay, at a multicultural event. Visitors will see Emiratis welcoming guests at airports and hotels, and at transportation hubs on Yas Island and in the grandstands. They will be crucial to the event's organisation. "This is a historic opportunity for the UAE to communicate its cultural heritage to all nations," said Dr Abdulrahman Mohammed, a guest speaker at an orientation session for volunteers. He added that "voluntary work is first-class national duty" and said that when an Emirati volunteered his or her time and effort for such an international event, without expecting anything in return, it was proof of their love of country. It is expected that the Grand Prix will attract thousands of first-time guests to the UAE, and Dr Mohammed urged the volunteers to treat the visitors as if they were welcoming them into their homes. "Don't dishonour your guest in your greater home as you would not dishonour him in your small home," he said. Fatima Hassan, 40, a mother of four, is a volunteer who answered the call to national duty. "We are doing this to serve our country," she said. Volunteering for the Grand Prix will be her first foray into the workplace, Mrs Hassan said, as well as her first experience in a mixed environment. The volunteer programme is the biggest in Takatof's history. It is hoped it will boost Emiratis' engagement in voluntary work. Forty per cent of the volunteers are women. "When we first entered the [training] hall, they were all men," said Salwa Ateya, 32, a mother of five who accompanied Mrs Hassan. "We were the only women. Usually the places we go to have a women-only section, so this is new to us. It will give us good experience." Mrs Hassan and Mrs Ateya will be working on Yas Island, leaving their children at home. "I believe we are supporting our country by doing this," Mrs Ateya said. "We will be welcoming visitors, helping them out." Volunteering isn't only about giving; valuable job and social experience can be gained, organisers say. Mohammed Fuwad, 19 and a student at the Adnoc Technical Institute, said he believed this "challenging" event would provide him with organisational skills that would help develop him as a person and as a citizen. "The purpose is to keep the name of the country high," he said. "We can do this through good manners, hard work and respecting our guests. Working hard and for long times will definitely help [us] strengthen." Mr Fuwad said this would be his first time volunteering. He would continue volunteering only if he found there was proper organisation on the part of those who run the programme and if they treat the volunteers well. Maytha al Habsi, the head of Takatof, said Abu Dhabi Motorsports Management had assured her that volunteers were "not there to fill a gap or to be a completion of a number". "We are working hard as a programme to make every opportunity an attractive one and every opportunity a fulfilling one for each volunteer," said Ms al Habsi. "It is not easy, by the way. How do you make it meaningful, attractive and something that a volunteer will be interested in taking?" Training of volunteers was overseen by the Crown Prince's office and covered topics such as hospitality, customer service, protocols, safety and skills needed for a volunteer to give the visitor the "best experience". Volunteering will provide intangible benefits to the workers, according to Ms al Habsi. There is value, she said, in interacting with people in a multicultural environment, and suggested that volunteers would learn about event and team management, acquire communication and leadership skills and learn the basics of dealing with emergencies. Haitham Sheheimi, 20, an aviation engineering student at the Higher Colleges of Technology, said the moment he saw the announcement for the volunteering opportunity at his college, he "did not hesitate". "This is a golden opportunity and every Emirati should grab it," he said. "This is an opportunity that came to our doorsteps and everyone should volunteer their time, effort and should not ask for anything in return. Many people don't realise the significance of such opportunities. The country has given us a lot." hhassan@thenational.ae hdajani@thenational.ae For an Inside the National interview with the F1 volunteers, visit www.thenational.ae/multimedia

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

if you go

The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.

The trip 

Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.

Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
UAE currency: the story behind the money in your pockets

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

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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.”

Our legal consultant

Name: Hassan Mohsen Elhais

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

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.