Mariam al Saedi, left, and Rania Mamoum have taken part in workshops sponsored by Sheikh Hamdan bin Zayed Al Nahyan. Their work was celebrated yesterday at the Sharjah International Book Fair.
Mariam al Saedi, left, and Rania Mamoum have taken part in workshops sponsored by Sheikh Hamdan bin Zayed Al Nahyan. Their work was celebrated yesterday at the Sharjah International Book Fair.

Works inspired by workshop sessions make it to the page



SHARJAH // Eight Arab writers who took part last year in a writing retreat sponsored by Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in the Western Region, have released a compilation of their work, launched last night at the Sharjah International Book Fair.

Emerging Arab Voices, Nadwa 1: A Bilingual Reader was released in English and Arabic by Dar Al Saqi Books.

The writers spent 10 days last November at the Sir Ban Yas nature reserve under the patronage of Sheikh Hamdan in a workshop - called Nadwa - organised by the International Prize for Arabic Fiction (Ipaf) and the Emirates Foundation for Philanthropy.

The publication of the compilation coincides with the second Nadwa writing workshop, which hosted seven authors in the Western Region's Qasr al Serab resort from 18-26 October.

Over the course of both workshops the writers not only laboured on their own projects, but also critiqued the work of their colleagues and receiving guidance from a mentor.

By the end of the workshop each writer produced a novel or a short story of around 3,000 words, all of which were included in the compilation.

The writers were recommended for the workshops by their publishers.

Peter Clark, an Ipaf trustee and Nadwa's coordinator, said the workshop and the resulting publication were vital to identifying the future "giants" of Arabic literature.

"The prize is about more than just one winner; we are interested in the activity of literature in a more general way," Mr Clark said last night in Sharjah.

"Having young writers with already-blossoming reputations coming together at the threshold of their careers is very interesting and fruitful. The result is a remarkable happening in the Arab world, and I think in 10 to 20 years these will be the future giants of Arabic literature."

He also praised the vision of the Emirates Foundation for supporting the project from the beginning.

Nasser al Dhaheri, the only Emirati who attended last year's workshop, said he was at first hesitant about the idea of a writing retreat, because it would take him away from the lights of the city, which he loves and finds inspirational.

He said, however, that during the 10 days he was inspired to complete a story, The Stone of Desire, which is included in the compilation.

Jabbour Douaihy, who served as a mentor at both workshops, said it would be impossible not to be impacted by such an experience and that every writer helped create a "surprising and astonishing ambience" during the sessions.

Mariam al Saedi, an Emirati who took part in the workshop this year, said she had moved from seeing writing as a hobby to taking it as a serious career.

Another participant, Wajdi al Ahdal, said novels in Arabic are often not focused on suspense or passion, but that the workshop dealt with these elements specifically. Al Ahdal, who is a novelist from Yemen and part of the Beirut 39, a group of Arab writers under the age of 39, said the experience was integral to the development of his latest novel, which is set in Yemen and deals with the rape of a young girl.

He added he hopes to eventually be short listed for the Ipaf.

"Thanks to the Nadwa, I now believe it is possible," he said.

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Formula Middle East Calendar (Formula Regional and Formula 4)
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Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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If you go
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Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
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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.”

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.