The Sharjah International Book Fair began on Wednesday, marking one of the first literary events in the region to completely reprise an in-person format.
Taking place until November 13, the fair is being held at the Expo Centre Sharjah under the theme "there is always a right book". It is free to attend.
For almost two years, book festivals and fairs have had to take a bulk of their programming online as a way of adapting to pandemic measures and health concerns. This offered a welcome respite during periods of lockdown, and also expanded the reach of regional literary events. But there’s one thing you can’t emulate through virtual talks and gridded Zoom panel discussions: the experience of meeting some of the world’s leading writers in person, to have them sign a copy of their books.
More than 85 local and international literary figures are scheduled to take part in this year’s SIBF, including Nobel Prize winner Abdulrazak Gurnah, Jnanpith Award-winner Amitav Ghosh, Algerian author Ahlam Mosteghanemi and The Pursuit of Happyness author Chris Gardner.
All of them are scheduled to appear in person at the event.
So if you’re planning on making your way to the Expo Centre to meet some of the authors, here are five things you need to know before your visit:
1. Download the app
To best navigate and make the most of the event, we recommend you download the SIBF smartphone app, available for iPhone and Android.
The app will give you immediate access to the fair’s programme, as well as a list of exhibitors. A search function also allows you to browse the fair’s book collection, providing detailed information on where you can find a particular title. You can also plan your itinerary and receive notifications about sessions you are interested in.
2. Find a Book Guide
The fair is hosting more than 1,600 publishers from around the world. To better help visitors navigate through the fair’s offerings, volunteers designated as Book Guides have been stationed around the site. With specialised knowledge of the range of titles at the fair, they can help in catering to or creating your reading list.
3. Visit the Spain pavilion
Spain is the guest of honour at this year’s fair. The country’s pavilion is hosting a range of talks and workshops with several Spanish talents, including a workshop led by Javier Gomez Santander and Diego Avalos, writers from the popular Netflix show Money Heist.
On that note, it is also worth visiting the pavilions of countries participating for the first time, including Cameroon, Colombia, Kenya, Malawi, Rwanda, South Sudan, Tanzania, Uganda and Zimbabwe.
5. Children's workshops
The book fair includes a vibrant children’s programme with more than 355 scheduled activities, from tower-building challenges to a “Crazy Science School”.
Workshops in photography, art, leaf-printing and robotics catering for different ages are also being held across the 11-day event. More information on the workshops and their times is available on the SIBF app.
5. Cookery Corner
The SIBF has always been known for its robust cooking section. After a hiatus because of the pandemic, the section is once again offering live cooking masterclasses by world-renowned chefs and restaurateurs.
Some of the celebrity chefs taking part in the SIBF’s Cookery Corner programme include MasterChef India judge Kunal Kapur, Korean Food made Simple writer and host Judy Joo, founder of Zina’s Kitchen Zina Abboud, and Malaysian celebrity chef and television host Sherson Lian.
RESULTS
5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel
Race card
4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m
4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m
5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m
5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m
6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m
6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m
7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m
The National selections:
4pm Zabardast
4.35pm Ibn Malik
5.10pm Space Blues
5.45pm Kimbear
6.20pm Barney Roy
6.55pm Matterhorn
7.30pm Defoe
Results
5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m; Winner: Mcmanaman, Sam Hitchcock (jockey), Doug Watson (trainer)
6.05pm: Handicap (TB) Dh87,500 (T) 1,400m; Winner: Bawaasil, Sam Hitchcott, Doug Watson
6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m; Winner: Bochart, Fabrice Veron, Satish Seemar
7.15pm: Handicap (TB) Dh105,000 (T) 1,200m; Winner: Mutaraffa, Antonio Fresu, Musabah Al Muhairi
7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m; Winner: Rare Ninja, Royston Ffrench, Salem bin Ghadayer
8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m; Winner: Alfareeq, Antonio Fresu, Musabah Al Muhairi
9pm: Handicap (TB) Dh105,000 (T) 2,410m; Winner: Good Tidings, Antonio Fresu, Musabah Al Muhairi
9.35pm: Handicap (TB) Dh92,500 (T) 2,000m; Winner: Zorion, Abdul Aziz Al Balushi, Helal Al Alawi
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
Barbie
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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
Champions League quarter-final, first leg
Liverpool v Porto, Tuesday, 11pm (UAE)
Matches can be watched on BeIN Sports
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