The Man Booker shortlist is announced


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Drum roll please, the Man Booker Prize shortlist has just been announced. From a long-list of 13 novels, we're down to six competing for the big £50,000 prize (Dh290,000). The six runners are: Parrot and Olivier in America by Peter Carey; Room by Emma Donoghue; In A Strange Room by Damon Galgut; The Finkler Question by Howard Jacobson; The Long Song by Andrea Levy and C by Tom McCarthy. Surprising, some will doubtless say, that David Mitchell's The Thousand Autumns of Jacob de Zoet didn't make it. Nor did another well-established writer, Rose Tremain, earn herself a spot with Trespass. Missing from the list, too, is Christos Tsiolkas' controversial The Slap, much discussed recently for its opening scene in which a father at a suburban barbecue hits a child that isn't his own.

Carey and McCarthy are now the joint favourites for the prize. If the former takes it, he will make history as the first author ever to win the prize three times, having won in 1988 and 2001. So, if you've only just finished reading last year's Booker winner, Hilary Mantel's Wolf Hall, now is not the time to sit back and congratulate yourself. Get going with this lot. You only have just over a month until October 12 when the victor will be announced at the usual black-tie dinner in London.

To say it's been a controversial year for the Booker Prize is something of a misnomer. For the Booker, every year is riven by spats and barbs about who makes which list and who doesn't, as befits a prize often referred to as the most important literary nod in the English-spoken world. This year, there were general murmurings of surprise when the two-time nominee Martin Amis failed to make even the long-list for his latest opus, The Pregnant Widow. And, a few erudite eyebrows were raised when six-time nominee and one-time winner Ian McEwan failed to make it with his eco-novel, Solar. Still, you can't win them all, chaps.

Since the Booker's beginnings, in 1969, there have been plenty of those who have lost out when perhaps they were more deserving, and vice versa. One of the most controversial of all Booker judgments remains Keri Hulme's the bone people about the Maori people and which contains graphic detail about child beatings. Picked as the 1985 winner, it caused two of the judges (Nina Bawden and Joanna Lumley) to publicly distance themselves from the decision. On the other hand, there are those who claim that one of the Booker's greatest success stories, Thomas Keneally's Schindler's Ark, should never have been allowed because it wasn't technically a work of fiction. And yet it still swiped the prize and went on to sell well over a million copies.

The judges themselves have been known to make news. In 1991 Nicholas Moseley walked off the jury on the basis that his fellow judges were not interested in novels "of ideas". In 1971, Malcolm Muggeridge complained that it was impossible to get through the long-list and withdrew his services, complaining that the "sex bits" were upsetting him. In 1994, the critic and novelist James Wood forgot to tell his fellow panel that one of the books being considered for the shortlist was by his wife, Claire Messud.

Then there's the evening of the announcement, also often the scene of a drama. In 1980, Anthony Burgess said he wouldn't attend the ceremony unless his book won (it didn't), reportedly because he hated wearing black tie. In 1983, Fay Weldon's literary agent was smacked by the chairman of the Publishers' Association because of a speech she gave reproaching publishers for the deals they offered writers. In 1998, the jury's chair, Douglas Hurd, made a speech so long that the UK's 10 O'Clock News nearly missed out on hearing that Ian McEwan had won.

And what to do with the prize money? In 1972, John Berger won with G and promptly announced that he was giving half his money to the Black Panthers. In 1990, AS Byatt said it would go on a longed-for swimming pool in Provence. In 2003, the enfant-terrible turned writer DBC Pierre said it would go straight to those he owed. Not long now to find out whether this year's victor has similarly lofty aims.

Sophia Money-Coutts

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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.”

WISH
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The%20specs
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The specs: 2018 Genesis G70

Price, base / as tested: Dh155,000 / Dh205,000

Engine: 3.3-litre, turbocharged V6

Gearbox: Eight-speed automatic

Power: 370hp @ 6,000rpm

Torque: 510Nm @ 1,300rpm

Fuel economy, combined: 10.6L / 100km

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Essentials

The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes. 
 

Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes. 


In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes. 
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.

The specs

Price, base / as tested Dh12 million

Engine 8.0-litre quad-turbo, W16

Gearbox seven-speed dual clutch auto

Power 1479 @ 6,700rpm

Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

UAE currency: the story behind the money in your pockets
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Ready Player One
Dir: Steven Spielberg
Starring: Tye Sheridan, Olivia Cooke, Ben Mendelsohn, Mark Rylance