YouTube has significant plans to help boost emerging and existing Arab content creators in the year ahead.
The regional branch of the video-sharing platform is reinforcing several of its initiatives, as well as launching new ones, with the aim of bolstering a diverse range of voices from the Arab world.
“We’re going to continue to support and give millions of Arabic speakers the tools they need to tell the stories they tell,” Tarek Amin, director of YouTube in the Middle East and North Africa, tells The National.
When YouTube launched its Partner Programme in Mena in 2012, a whole ecosystem of content creators, viewers and advertisers came alive in the region, Amin says. The programme, which rolled out in the US in 2007, helped creators earn revenue from the advertisements shown on their content. The initiative was the springboard for a new generation of storytellers and talents, many of whom have gone on to become widely successful across several media platforms, including the smart-talking comedy puppet Abla Fahita, and the youth-led Saudi show Takki.
“Since then, we’ve added a lot of tools along the way to support creators, and to help them be able to breakout and monetise through the platform,” Amin says.
YouTube Shorts
YouTube Shorts is the latest addition to that toolbox, Amin says.
“We’re very excited about it, and we believe it will play a big role as we see that shift to mobile, and see a whole new generation of creators coming into YouTube.”
Earlier this month, YouTube made its global $100 million fund available to short-form video creators from the UAE, Saudi Arabia, Bahrain, Kuwait, Egypt, Algeria, Iraq, Jordan, Lebanon and Morocco.
Channels can earn anywhere between $100 to $10,000 each month, with bonus amounts adjusted based on the channel’s Shorts' total performance and audience location.
“The advantage of this fund is that anybody is eligible to participate,” Amin says. “Each month, there will be hundreds of creators that are going to receive from the fund and that is based on engagement and views.”
The YouTube Shorts Fund, Amin says, is the first step towards supporting the next generation of mobile content creators.
Shorts rolled out in July 2020 and allows people to create 60-second clips on their mobile phones. As of July 2021, YouTube says the feature receives more than 15 billion daily views.
While bite-sized videos have only recently gained mass appeal, Amin says the form has a foundational significance in YouTube’s history.
“An interesting fact is that the first YouTube video, which came out in 2005, was an 18-second video,” he says. “So it seems we’ve been at this for a while.”
Gaming
Over the past two years, Amin says there has been a marked growth in gaming-related content on YouTube from the Arab world. According to a post the company published on its blog, YouTube logged more than 800 billion gaming-related views in the first half of 2021, with over 90 million hours live-streamed and more than 250 million uploads.
The Arab world is a notable contributor to these numbers, Amin says. “We’ve got the likes of AboFlah and creators from across the region that are currently in the top 10 in the global lists,” he says.
The Mena region, he says, is one of the few markets where there are more women making content for gaming than lifestyle, with prominent creators such as Saudi YouTuber Meshael MR, who has more than 400,000 subscribers on her channel.
Amin says it is a trend that is expected to grow and contribute to the overall expansion of gaming content coming out of the region.
“Gaming creators are actually spearheading a lot of the launches that are coming across the platform. It’s exciting to see.”
Batala
Among the initiatives aiming to support female content creators from the region is Batala, a platform that showcases content created by Arab women.
When the channel was first launched in 2016, there were only five female creators from the region. According to a YouTube blog post published in October 2021, there are now more than 150 channels run by women from the Arab world, with a combined following of more than a million subscribers.
The channel was revitalised earlier this year to embrace a new generation of creators, highlighting channels that provide divergent content include gaming, music, books, cooking and lifestyle.
“It wasn’t about starting fresh as much as it was giving it more focus and adding more components to the programme,” Amin says. “This year, we had the most number of sessions that ran for Batala. We’re hoping to do more next year.”
Monetisation
A big component of supporting new and existing creators is building a monetisation programme that helps them diversify their revenue, Amin says.
In 2018, YouTube launched its channel memberships feature, which allowed creators to offer extra content and video previews to subscribers for a monthly fee. This year, the video platform launched Super Chat and Super Stickers, a new revenue stream that helps creators boost their earning potential through the YouTube Partner Programme.
Viewers watching a YouTuber’s live stream or premiere with live chat enabled can purchase Super Chats or animated Super Stickers that get pinned to the top of the chat. The higher the purchasing amount, the longer it stays at the top of the feed.
“These are additional ways and opportunities for [creators] to continue to diversify their revenue,” Amin says. “We see the ecosystem growing and the greater economy growing and we’re constantly looking at how we can support them and help grow their businesses on YouTube.”
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The specs: 2017 Dodge Ram 1500 Laramie Longhorn
Price, base / as tested: Dhxxx
Engine: 5.7L V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 556Nm @ 3,950rpm
Fuel economy, combined: 12.7L / 100km
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
UAE currency: the story behind the money in your pockets
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'Spies in Disguise'
Director: Nick Bruno and Troy Quane
Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones
Rating: 4 out of 5 stars
UAE WARRIORS RESULTS
Featherweight
Azouz Anwar (EGY) beat Marcelo Pontes (BRA)
TKO round 2
Catchweight 90kg
Moustafa Rashid Nada (KSA) beat Imad Al Howayeck (LEB)
Split points decision
Welterweight
Gimbat Ismailov (RUS) beat Mohammed Al Khatib (JOR)
TKO round 1
Flyweight (women)
Lucie Bertaud (FRA) beat Kelig Pinson (BEL)
Unanimous points decision
Lightweight
Alexandru Chitoran (ROU) beat Regelo Enumerables Jr (PHI)
TKO round 1
Catchweight 100kg
Marc Vleiger (NED) beat Mohamed Ali (EGY)
Rear neck choke round 1
Featherweight
James Bishop (NZ) beat Mark Valerio (PHI)
TKO round 2
Welterweight
Abdelghani Saber (EGY) beat Gerson Carvalho (BRA)
TKO round 1
Middleweight
Bakhtiyar Abbasov (AZE) beat Igor Litoshik (BLR)
Unanimous points decision
Bantamweight
Fabio Mello (BRA) beat Mark Alcoba (PHI)
Unanimous points decision
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magomedsultanov (RUS)
TKO round 1
Bantamweight
Trent Girdham (AUS) beat Jayson Margallo (PHI)
TKO round 3
Lightweight
Usman Nurmagomedov (RUS) beat Roman Golovinov (UKR)
TKO round 1
Middleweight
Tarek Suleiman (SYR) beat Steve Kennedy (AUS)
Submission round 2
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
TKO round 2
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
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yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.