The Sheikh Zayed Book Award has announced its shortlists for this year.
The award honours seven categories: Literature; Publishing and Technology; Translation; Contribution to the Development of Nations; Arab Culture in Other Languages; Young Author; and Editing of Arabic Manuscripts.
Awards for Children's Literature and Art & Literary Criticism will be omitted this year.
There were 4,240 submissions from 74 countries, including 19 Arab nations. It is organised by the Abu Dhabi Arabic Language Centre, a part of the Department of Culture and Tourism – Abu Dhabi, of which Ali bin Tamim is the chairman.
The winners will be announced next month. The shortlists are below.
Literature
Fursa L-Gharam Akheer (A Chance for One Last Love) by Hassan Dawood, Lebanon
Al Halwani...Thulathiyat al-Fatimiyeen (Al Halwani: The Fatimid Trilogy) by Reem Bassiouney, Egypt
Nasheej al-Duduk (The Duduk’s Whimper) by Jalal Barjas, Jordan
Young Author
Na’eesh li-Nahki: Balaghat al-Takhyeel fi Kalila wa Dimna (Living to Narrate: The Eloquent Imagination in Kalīla wa-Dimna) by Mustapha Rajouane, Morocco
Simya’iyat al-Qira’a: Dirasa fi Shurooh Diwan al-Mutanabbi fi al-Qarn al-Sabe’ Hijri (The Semiotics of Reading: A Study of the Seventh Hijri Century Interpretation of the Al-Mutanabbi's Diwan), by Alawi Ahmed Al Malgami, Yemen
Al Mashhad al-Moriski: Sardiyat al-Tard fi al-Fikr al-Espani (The Morisco Landscape Narratives of Expulsion in Modern Spanish Thought), by Houssem Eddine Chachia, Tunisia
Translation
Al-Aalam Iradatan wa-Tamathulan (Die Welt als Wille und Vorstellung – The World: Will and Imagination), written by Arthur Schopenhauer, translated from German to Arabic by Said Tawfik, Egypt
Limatha Naqraa’ al-Adab al-Classiki? (Perche Leggere I Classici – Why Do We Read Classic Literature?), written by Italo Calvino, translated from Italian to Arabic by Dalal Naserallah, Kuwait
Al-Ilm al-Jadeed (La Scienza Nuova – The New Science), written by Giambattista Vico, translated from Italian to Arabic by Ahmed Somai, Tunisia
Contribution to the Development of Nations
Al-Asmaa’ al-Jughrafiya – Thakirat Ajyal (Geographical Names – Legacy of Generations), by Khalifa Alromaithi, UAE
Tareeq al-Hadatha Marra bi-Dimashq (Tramway Railway: The Path of Modernity Passed Through Damascus), by Sami Marwan Moubayed, Syria/UK
Al-Arabiya Lughat al-Aayn: Dirasa Dalaliya Uurfaniya (The Arabic Language: A Study of Cognitive Semantics), by Fatima Bakouch, Tunisia
Arab Culture in Other Languages
The Formation of Post-Classical Philosophy in Islam by Frank Griffel
On Earth or in Poems: The Many Lives of al-Andalus by Eric Calderwood
Warum es kein islamisches Mittelalter gab (Why There Was No Islamic Middle Ages) by Thomas Bauer
La letteratura d’adab (The Literature of Adab) by Antonella Ghersetti
Louis Massignon et la mystique musulmane: Analyse d’une contribution à l’islamologie (Louis Massignon and Islamic mysticism: An analysis of a contribution to Islamology) by Florence Ollivry
Editing of Arabic Manuscripts
Sharh Diwan Thi-Al Rimma li Abi al-Hasan Ali bin Mohammed bin Ali bin Kharouf Al-Eshbili Al-Andalusi (Interpretation of the Diwan of Thi Al Rimma by Abi Al Hassan Ali bin Mohammed bin Ali bin Kharouf Al-Eshbili Al-Andalusi) by Awad bin Mohammed Salem Al Daheel Al Awlaqi, Saudi Arabia
Al-Fawa’id al-Sunniya fi al-Rihla al-Madaniya wal-Rumiya, Tathkirat al-Nahrawali (Sunni Benefits in the Madani and Roman Journey Nahrawali Diary) by Al-Mahdi Eid Al-Rawadieh, Jordan
Safinat al-Mulk wa-Nafisat al-Fulk (Shehab al-Din) al-Muwashah wa-Musiqa al-Maqam al-Natiqa bil-Arabiya bayn al-Tantheer wal-Maras (The Ship of Possession and the Precious Ship (Shehab al-Din) Muwashah and Arabic-speaking Maqam Music between Theory and Practice) by Mustafa Said, Egypt
Publishing and Technology
The International Youth Library (Internationale Jugendbibliothek) in Munich – Germany
Spanish National Research Council (Consejo Superior de Investigaciones Cientificas) – Spain
Bayt Elhekma for Creative Industries – China
Finjan Podcast – Saudi Arabia
More information is available at zayedaward.ae
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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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