Naseer Shamma has launched his debut book at the Frankfurt Book Fair.
Written over a space of six years, the Iraqi oud virtuoso and founder of the Bait Al Oud music conservatory has managed to distil over three decades worth of knowledge in the immensely readable Al Uslubia Al Mousiqiyah: Muftah Al Sir.
Written in Arabic and translated to Styles of Music: The Secret Key by Abu Dhabi's Department of Culture and Tourism publishing arm Kalima, the work is as much an introduction to music appreciation to an argument on the important role the arts can play in society.
“I wanted to discuss the many ways that made these big personalities great and what they contributed to their respective forms,” Shamma said, during his panel session at the book fair on Wednesday, October 16.
“I also wanted to show how many of them came from societies where there is a love for culture in general.”
What made Um Kulthum great?
At 180 pages, the book is brisk and split into numerous chapters. In prose both knowledgeable and evocative, Shamma explores various aspects of music composition in addition to providing advice on how the general listener can appreciate the best the form has to offer.
“Let’s take a look at someone like Um Kulthum for example. What I find interesting about her is that she is probably the only thing where there is unanimous appreciation about her from the Arab world. Everything else we argue about, from music to the way we pronounce words, but with her there is an understanding that she is the best,” he says.
“So I wanted to shed light on why she was great and how, through her strong personality and power of her voice, she managed to influence composers to create songs in her mould. She created a music tradition that lives to this day.”
This is the biggest feature of the book. Shamma is at pains to show how the music we love today comes from both pioneers and a wider music tradition.
Poetry’s role in advancing Arabic music
A fascinating chapter discusses the important role poetry has played in the evolution of classical Arabic music.
“It’s involvement with music really began about 1,300 years ago in the Levant were there was no real interesting music being produced,” he says.
“So a lot of composers, in need for expressing themselves, started getting into poetry. The poetry, especially in Iraq, would be sung and from there the Maqam music tradition was born. That revitalised the spirits of the composers who went back to creating music but in a new and exciting way.”
More than just music
As interesting as they seem, Shamma says there is more to the book than a series of colourful historical takeaways. He wants the work to act as a plea to reinstate the importance of music and the creative arts in Arabic societies.
“Music should not be viewed as simply a hobby,” he says.
“If you approach it right and understand its effects, it can change people’s lives for the better.”
This is a message that has essentially become Shamma’s life mission. In addition to raising the profile of the oud through his concerts and albums, he has mentored a new generation of creative Arab minds in his music conservatory, which has various branches including Abu Dhabi, Cairo and Baghdad.
“I have seen the effect of such a creative education first hand,” he says. “We did a study in our conservatory and we find that nearly all of our students are in the top percentages of their high schools and institutes. What does that tell you? The knowledge and appreciation of creativity has benefits in many ways.”
What is next for Naseer Shamma?
Shamma is looking to take that approach further. Through his various roles as a solo artist, conservatory founder, and UNESCO Artists for Peace, he is looking to developing a musical therapy plan for hospitals in Iraq.
He states it is a concept he has been developing for years, part of which is also explored in the book’s chapters about spiritual music.
“The healing properties of music is something that is important and that I have witnessed first-hand,” he says.
“Two decades ago in Baghdad, I helped get some young players to perform to patients in various hospitals and we found their recovery rate increased. I also found this to be true about when visiting refugee camps as part of my Unesco role. When we set up these programs for displaced women, it helped them get back their sense of self and move away, slowly, from their trauma.”
This all goes to show, Shamma states, that music and the arts are a serious pursuit.
“I keep telling rulers and powerful people that I meet that if you buy ten tanks, then give me the price of one tank to make a music school in your country and let’s see who will have a bigger effect,” he says.
“All conflicts eventually lead to peace talks. Why can’t we begin there in the first place, I want to provide that short cut.”
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
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Sector: Entertainment/Streaming Video On Demand
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
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- Choose cars with GCC specifications
- Get a service history for cars less than five years old
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Match info
Uefa Champions League Group C
Liverpool v Napoli, midnight