A 94-year-old Palestinian poet has been named Cultural Personality of the Year as part of the coveted Sheikh Zayed Book Award.
The Sheikh Zayed Book Award, one of the region's largest literary prizes, today announced its winning authors for 2020, despite the prize-giving ceremony not going ahead due to the coronavirus pandemic.
The winners of the nine award categories hailed from six countries: the UK, the US, the Netherlands, Iraq, Tunisia and Palestine. The winner of each category received a prize of Dh750,000.
The annual Sheikh Zayed Book Award has been referred to as "the Arab world's equivalent to the Nobel prize", and recognises work from the region, including both literary and scholarly works. Writers, translators, academics and publishers from around the world are awarded for their contributions in advancing Arabic literature and culture.
The Cultural Personality of the Year award was awarded to Palestinian poet, writer, translator and anthologist Salma Khadra Jayyusi. Jayyusi is the founder and director of academic projects East-West Nexus and the Project of Translation from Arabic (PROTA).
She has also edited several important anthologies of Arabic literature, including Modern Arabic Fiction: An Anthology and Modern Arabic Poetry.
Born to a Palestinian father and Lebanese mother, Jayussi studied English and Arabic Literature at the American University of Beirut before launching into a literary career.
This incredibly successful 14th edition boasts a roster of talented and distinguished winners
She released her debut poetry collection, Return from the Dreamy Fountain, in 1960, and has taught Arabic literature in various institutions including the University of Khartoum in Sudan and the universities of Algiers and Constantine in Algeria. In 1975, she moved to the US, where she worked at various academic institutions, including as visiting professor of Arabic Literature at the University of Utah.
The Literature award was won by Tunisian poet Moncef Ouhaibi for his 2019 book Belkas ma Qabl Al Akheera (The Penultimate Cup). This marks the first time the award has been given to a work of poetry.
Iraqi writer and academic Hayder Qasim took out the Young Adult award for his book ilm Al Kalam Al Islami fi Derasat al Mustashrikeen Al Alman (Islamic Theology in the Studies of German Orientalists). His book reviews the work of notable German theologist Josef van Ess, investigating how German academics have interpreted and represented Islamic theology through the lens of Orientalism.
The award for children's literature was won by Palestinian-American author Ibtisam Barakat for her book Al Fatat Al Lialakia (The Lilac Girl). The beautifully illustrated story is about a young Palestinian girl who loves to paint but has lost her home due to war.
When it came to the Arabic Culture in Other Languages category, a field which honours international Arabists, this year's prize went to Dutch author and scholar Richard Van Leeuwen. His 2018 book, The Thousand and One Nights and Twentieth Century Fiction: Intertextual Readings, looks at how the famed Arabic story collection (first published in English in the 17th century) provided 20th-century western authors – from scholars to popular authors – with inspiration for their works.
In the field of translation, the award went to Tunisian academic Mohamed Ait Mihoub for his Arabic translation of 1984's L'Homme Romantique by French philosopher Georges Gusdorf. Published in 2018 under the Arabic title Al-Insan Al-Romantiq, Mihoub brings to light Gusdorf's analysis of romanticism and its impact on western thought, ranging from culture to physics and medical science.
Finally, literary magazine Banipal picked up the award for Publishing and Technology. Founded in 1988 by British publisher Margaret Obank and Iraqi author Samuel Shimon, the magazine, published three times a year, is dedicated to the promotion of contemporary Arabic literature. Its annual literary award – Saif Ghobash–Banipal Prize for Arabic Literary Translation – is partly named after the late Saif Ghobash, the UAE's first Minister of State for Foreign Affairs.
Mohamed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism – Abu Dhabi, said of the awards: “This incredibly successful 14th edition boasts a roster of talented and distinguished winners who have made significant contributions to the cause of furthering and disseminating Arabic culture. It is our hope that this recognition will open further opportunities to them, and we look forward to seeing what they do next."
It was a record-breaking year for the 14th Sheikh Zayed Book Award across its categories, with a total of 1,900 nominations from 49 countries (split across 22 Arab and 27 foreign countries). The two categories with the highest number of nominations were Young Author (498 nominations) followed by Literature (438 nominations).
The prize-giving ceremony was originally slated to run in April as part of the Abu Dhabi International Book Fair, which has been cancelled due to the pandemic.
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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- Individuals must register on UAE Drone app or website using their UAE Pass
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What are the regulations?
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Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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