In his poem The Pages of Day and Night, renowned Arab poet Ali Ahmad Said Esber – known by his pen name Adonis – refers to a woman as a lighthouse waiting in madness.
“I have dwelt in the face of a woman / that murders me, one that loves to inhere / as an unlit lighthouse in my blood that keeps sailing / to the extremity of madness,” he writes.
Adonis, considered one of the greatest living Arab poets, isn’t the only one to use the lighthouse as a poignant symbol.
In English modernist author Virginia Woolf’s novel To the Lighthouse, the tower comes to represent unattainability and illumination. In the film The Lighthouse, directed by Robert Eggers and starring Willem Dafoe and Robert Pattinson, the lighthouse symbolises enlightenment, knowledge and truth.
This week’s Arabic word of the week is manaara, which means lighthouse. It has similarly powerful symbolic resonance in Arabic culture and language.
Manaara is a noun that has several meanings. The first is a single lit candle, illuminating a space. It also means a lighthouse, or specifically, a tower of light to show the way for sailors and ships out at sea. Also, perhaps most commonly used colloquially, manaara refers to a mosque’s tower. In fact, the English word for the tower, minaret, originates from the word manaara.
The manaara in this context is a tower used as a means to call Muslims to prayer. There, the muezzin, a designated caller, announces the call to prayer through the practice of the adhan, which he does five times a day. Manaaras have become a prominent symbol of Islam, given their unique architectural design features that have evolved over time, influenced by different styles, periods, cultural contexts and regional preferences.
Manaara can also have other more specific meanings.
Manaara al radaria, refers to the practice and means of sending and receiving radar signals while manaara aa’ama is a ship that is placed in a dangerous area to warn other ships of impending danger.
Across all these various meanings, however, there is a common thread. Manaara is a rooted place, a centre or structure from where a message of hope is sent either through sound or light.
In fact, this thread stretches back to the root of the word.
Manaara comes from the word manar, which means centre, source or place of light. Manar can also refer to the marks that create a border between lands. It can be used to refer to a knowledgeable person such as a professor who educates and bestows knowledge on students.
Manar is considered a word that can reveal and enlighten a concept in various ways given the context it is used in.
From the root word nara – derived from the three Arabic letters noon, alif and rah – the verb refers to the action of light enveloping a space and driving darkness out.
There are other words that are derived from nara and manar, similar to manaara, that convey a similar meaning connected to the idea of a beacon of light or knowledge.
Manawir refers specifically to markers, such as plants or rocks, that reveal the right path in a desert.
Anara is a verb that refers to something maturing or becoming enlightened. For example, a tree when it bears fruit or a flower that blooms, or even a topic or problem that becomes clear in someone’s mind.
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Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision
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More than 2.2 million Indian tourists arrived in UAE in 2023
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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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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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