The wonders of Naguib Mahfouz’s novels are central to discussions at this year's Abu Dhabi International Book Fair.
The late Nobel laureate for literature is designated as this year's focus personality, and a series of panel discussions featuring authors and academics are being held to assess and celebrate the impact and legacy of Mahfouz’s work.
An exhibition dedicated to Mahfouz is also on-site at the event, which runs at the Abu Dhabi National Exhibition Centre until Sunday. It features video footage of previous interviews and a detailed timeline of his career. These sessions run in tandem with Egypt's designation as the guest of honour. There is a national pavilion dedicated to the country's literary history.
“You can't think of Egypt without Naguib Mahfouz and vice versa,” Berlant Qabeel, head of programming for the Abu Dhabi Arabic Language Centre, the organisation behind the book fair, told The National. “This was the reason behind the rare move to have this year's focus personality from the same country that is designated as guest of honour.
“Mahfouz represents the best of Arabic literature and he is the only Arab author to receive the Nobel Prize for literature. So we want to honour his work while showing how it remains relevant today.”
Ahmed Zayed, director of Egypt’s grand library Bibliotheca Alexandrina, believes Mahfouz’s keen eye on Egyptian society’s quirks and ills defines his work. “They portray beauty and imagination through a philosophical lens, which is exceptional,” he said at a panel discussion.
“This is evident in his depiction of societal images, beginning with the neighbourhood. He delves into the conflicts and yearnings for justice and revolution prevalent within it.”
Through family sagas such as The Harafish (1977) and the Cairo Trilogy series of novels (1956-1957), Zayed explained how Mahfouz used the plight of Egypt’s middle class to discuss the broader shape of Arabic society.
“It is evident in his trilogy, which elucidates the emergence and evolution of this social class,” he said. “The middle class serves as a gateway for him to provide some broader commentary about the world he was living in at the time.
“He writes about the improvements and developments of Egyptians, and in turn Arab societies, over the generations while at the same time alarms us about the present and upcoming difficulties they will face.”
Mohammed Afifi, professor of modern and contemporary history at Cairo University, described Mahfouz as being “obsessed” with history. He points to Beyond the Throne, the 1983 nonfiction work where Mahfouz recalls nearly 60 influential Egyptian leaders from Pharaoh Ramesses II to president Anwar Sadat as an example of how the past informed his work.
“It powered his narratives throughout his career and this is not really surprising considering the context in which he lived in that he was part of the generation that grew up through the Egyptian revolution of 1952,” he said.
“He continually sought to explore history and its significance and he became so adept and incisive that his work became a reference point into the Egyptian psych during his time.”
While Thebes at War (1996) and Arabian Nights and Days (1982) have a historical backdrop, Moroccan author and academic Said Bensaid Al Alaoui is reluctant to classify some of Mahfouz’s work as historical fiction.
“I have strong reservations regarding that term because the novel, in itself, serves to reflect history and society and Mahfouz's work does that regardless of its settings,” he said.
“For example a novel like 1966's Adrift on the Nile spans three quarters of the 20th century. It's a modern novel but also skilfully recalls Egypt's historical trajectory.”
Besides the life and times of Mahfouz, sessions with a distinct Egyptian flavour spanning culture, music, poetry performances and culinary exhibitions, are also taking place during the book fair.
“The choice of selecting Egypt for the first time as guest of honour at the Abu Dhabi International Book Fair is due to the strong relations between Egypt and UAE in all aspects, especially in the sphere of culture,” said Egypt’s minister of culture Nevine El Kelany at the national pavilion’s launch on Monday.
“Egypt’s participation at the book fair aims to reflect the culture and humanity of Egyptian civilisation for all.”
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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.”
Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE