Attention book lovers: prepare for winning literature festivals in the UAE


Saeed Saeed
  • English
  • Arabic

The Emirates Airline Festival of Literature may be fast approaching with the recent release of the authors' lineup, session times and ticket information, but festival director Isobel Abulhoul is already talking about it like it is old news.

The recent Order of British Empire honoree and co-founder of the Magrudy's book shop chain explains that her team started working on locking in this year's authors - featuring best-sellers such as Nicholas Sparks, David Nicholls and Mark Billingham, as well as Arabic literary stalwarts Mourid Barghouti and Nawal El Saadawi - and organising panel events as far back as the beginning of last year's festival.

Such is the work of a literary director, a job requiring a visionary zeal and supreme organisational skills, along with the deft ability to re-juggle everything in an instant.

"Every year is completely different," Abulhoul says. "I know that something is going to happen that I will have no idea about when I start. We don't know what's coming but we have to be ready, open to welcome it and change our plans to accommodate things that fall into our lap."

Abulhoul uses the festival appearance of the UAE-based architect Sandra Piesik as a case in point.

After reading a proof of Arish: Palm Leaf Architecture, Abulhoul was so impressed, she cast aside a carefully organised panel and session time plan to accommodate her.

Michael Curtis, a former member of the legendary Trucial Oman Scouts, is another example. Curtis will present Arabian Days, a detailed account of the scouts who this year celebrate their 40th anniversary.

"These scouts were here before the Emirates were born," Abulhoul says. "They were happening to come back to the UAE for their reunion, so what can I do except say 'please come!' This is a fantastic opportunity."

Bigger names need little coaxing, she said, as a recommendation by a fellow writer is more effective than any marketing campaign.

"The writers who came to the festival to date, I would say 98 per cent of them have had a wonderful time," Abulhoul says. "They were very helpful in spreading the word to other authors. So the word is out there that Dubai is a lovely place for a literary festival, they will get looked after and they will have a great audience and people are interested in books."

Abulhoul describes this year's lineup as "bursting at the seams" with more than 100 international writers from 25 countries and 150 sessions ranging from the conversational to masterclasses, literary lunches and cooking demos.

No matter how successful the author, Abulhoul won't bring them over unless they are compelling in person, too.

"They must be good speakers," she says. "Being a good writer, we take that for granted, but are they a good speaker? Do they enjoy coming to festivals? Most writers are very intelligent, they will not say yes to coming to the festival if they weren't good speakers because they won't enjoy it."

Close to Abulhoul's heart are the festival's two education days, where more authors travel to different schools in the UAE and hold free informal sessions discussing the importance and inspiration of literature.

Last year saw more than 3,000 students participate, with some students coming from Oman to attend.

Abulhoul explains that it's not only the students who are thrilled by the exchange.

She recalls a bittersweet moment during the inaugural festival when the late Irish author Frank McCourt spoke to students from Dubai Women's College about his Pulitzer Prize-winning memoir Angela's Ashes - it proved to be the author's last festival appearance. He died months later in July 2009.

"He was worried if there was going to be a language barrier and how was he going to talk about his work," Abulhoul says. "He said, 'My book talks about my Catholic upbringing and alcoholism, et cetera'. I said just tell it like it is, Frank."

As often happens, Abulhoul says the festival works to educate the writers as much as those who attend.

"He had an audience of probably six to eight hundred Emirati ladies and he had the most wonderful time. He sent an email saying it was one of the most interesting sessions he had ever been to, so his misconceptions were laid to rest."

  • The Emirates Airline Festival of Literature runs from March 6-10 at Mamzar & InterContinental Hotel, Dubai Festival City. Tickets and information on session times can be found at www.eaifl.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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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

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Profile of RentSher

Started: October 2015 in India, November 2016 in UAE

Founders: Harsh Dhand; Vaibhav and Purvashi Doshi

Based: Bangalore, India and Dubai, UAE

Sector: Online rental marketplace

Size: 40 employees

Investment: $2 million

New process leads to panic among jobseekers

As a UAE-based travel agent who processes tourist visas from the Philippines, Jennifer Pacia Gado is fielding a lot of calls from concerned travellers just now. And they are all asking the same question.  

“My clients are mostly Filipinos, and they [all want to know] about good conduct certificates,” says the 34-year-old Filipina, who has lived in the UAE for five years.

Ms Gado contacted the Philippines Embassy to get more information on the certificate so she can share it with her clients. She says many are worried about the process and associated costs – which could be as high as Dh500 to obtain and attest a good conduct certificate from the Philippines for jobseekers already living in the UAE. 

“They are worried about this because when they arrive here without the NBI [National Bureau of Investigation] clearance, it is a hassle because it takes time,” she says.

“They need to go first to the embassy to apply for the application of the NBI clearance. After that they have go to the police station [in the UAE] for the fingerprints. And then they will apply for the special power of attorney so that someone can finish the process in the Philippines. So it is a long process and more expensive if you are doing it from here.”

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500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

U19 World Cup in South Africa

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

UAE squad

Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon

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- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
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  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
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ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

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Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho