Portuguese author and diplomat André Oliveira’s book has been translated into Arabic. Henrik Montgomery
Portuguese author and diplomat André Oliveira’s book has been translated into Arabic. Henrik Montgomery

Arabic translation of novel about first Portuguese Olympic marathon runner debuts at Sharjah International Book Fair



A novel about the physical and mental trials of an Olympic athlete will be launched at the Sharjah International Book Fair on Thursday, November 12.

I Run To Eternity, translated from Portuguese into Arabic by Dar Noon publishing house in Ras Al Khaimah, is set during the 1912 Stockholm Olympic Games and is heavily inspired by the real-life tragedy of Portuguese athlete Francisco Lázaro.

Written by Portuguese career diplomat André Oliveira, 37, who is currently serving at the Embassy of Portugal in Sweden, the debut has also been translated into Swedish.

Oliveira says his work packs in themes of love, passion, friendship, migration, culture, perseverance “and the endless ambition of Lázaro, a youngster who does everything he can to win a gold medal and may set an example for many of us”.

Lázaro was the first Portuguese to compete in the Olympics marathon race. The 22-year-old from Lisbon had already won three national championships, so hopes were high that he would bring a medal home, where he worked as a carpenter in an automobile factory.

But at the 30-kilometre mark of the race, Lázaro suddenly collapsed and died. It was later discovered that Lázaro had covered himself with wax to prevent sunburn and this had fatally restricted his ability to sweat.

Oliveira was moved to write the novel because of what he saw as Lázaro’s steadfast perseverance.

“He was humble, with no financial means, but still with the strongest will to become the best,” he says.

I Run to Eternity is now a government-recommended book, taught in Portugal schools. Oliveira hopes it will also widen the world's interest in Portuguese sportsmen.

“Everyone knows Eusébio, Cristiano Ronaldo and José Mourinho,” he says. “So why not learn a bit more about Lázaro?”

It took Oliveira one Swedish winter to write the story. “It may sound like a short time,” he says. “But if you think that in Sweden in wintertime there is no daylight after 3pm, then you can imagine how feasible it was.”

Oliveira spent those long, dark evenings researching Olympic history in Stockholm’s libraries and exchanging views with historians, to get as close as he could to the real story.

“The humble Francisco Lázaro wanted to win and be the best, for his family and for his country. But Lázaro was also deeply emotional. He was in love with his wife, he loved sports to the utmost, and while preparing for the marathon he got confused, and sometimes angry,” says Oliveira.

“He smiled and laughed loudly, but also cried quietly standing alone at his dorm room. He was emotional, while being the most rational and competitive of the athletes to run the marathon in the Olympic Games that year.”

• I Run to Eternity will be launched at the Sharjah International Book Fair on Thursday, November 12, from 6.30pm to 7pm, at the Expo Centre in Sharjah. Visit www.sharjahbookfair.com

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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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