Malala Yousafzai, who executive produced the film, says that what really matters is its ability to touch people's hearts. AP
Malala Yousafzai, who executive produced the film, says that what really matters is its ability to touch people's hearts. AP
Malala Yousafzai, who executive produced the film, says that what really matters is its ability to touch people's hearts. AP
Malala Yousafzai, who executive produced the film, says that what really matters is its ability to touch people's hearts. AP

For Malala Yousafzai, the Oscar-nominated Stranger at the Gate goes beyond awards


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The Oscar-nominated film executive produced by Malala Yousafzai, Stranger at the Gate, may have missed out on the award for Best Documentary Short on Saturday night, but for Nobel Peace Prize laureate and activist Yousafzai, the disappointment was likely to be short-lived.

Speaking online ahead of the film’s pre-Oscars Paris screening last week, Yousafzai told The National: “This film is about being open to love and being willing to change, So while it’s an honour that the film has been nominated for an Oscar and all of that, this documentary can change lives. It can touch people's hearts. If this documentary can change one person's life, that would make me happy.”

The short film tells the incredible story of former US marine Richard McKinney. Through numerous tours of the Middle East, Islamophobia had become McKinney’s default setting. On returning to the US, the ex-soldier found himself so incensed when a child in a burqa joined his stepdaughter’s class that he began assembling bomb-making equipment and hatched a plan to put his military skills to use by bombing the local mosque in his Indiana hometown.

In a turn of events that his own stepdaughter admits in the film’s opening “most people don’t believe,” McKinney took a trip to the mosque to scope out his intended target. While there, he was met with such kindness that over the course of the next eight weeks, he gradually became a part of the mosque’s community.

He dined and debated with his new friends and abandoned his murderous ambitions. By the time the FBI showed up at his house suspicious over his purchase of explosives, the materials were long gone along with the plan — McKinney converted to Islam and would even go on to serve two years as president of the mosque.

Stranger’s director Joshua Seftel, who is Jewish, says the hatred expressed by McKinney at the story’s start is all too familiar: “When I was a little boy growing up in upstate New York, I faced a lot of anti-Semitism,” he explains. “Kids made fun of me, called me names, threw pennies at me in the hallway to see if I picked them up to show that Jews are cheap. Someone even threw a rock through our front window — things that stayed with me.”

In the wake of 9/11, Seftel says he started seeing a similar kind of hatred being directed towards his Muslim friends, inspiring him to start making films about American Muslims and ultimately leading him to McKinney’s story. “To me, that story is so inspiring, especially right now, when we live in a time where there's so much division and hate,” he says.

The director singles out Bibi Bahrami, one of the first members of the mosque to take McKinney under her wing and a key figure in the film, for particular praise: “When you come across someone like Bibi, when she finds out someone hates Muslims, the first thing she does is invite them over to her house for dinner. That to me that is a new kind of hero,” he explains.

“Someone who wants to connect with people that disagree with them to educate them, to build bridges. The world needs more Bibi Bahramis because it would be a better world if that were the case.”

Yousafzai agrees that at its heart, the film is a universal one — returning to her themes of love and understanding. She says: “I was attacked by a Muslim gunman and this documentary is not just about a Muslim family and a white guy. The story applies to so many communities where minorities are vulnerable to violence, where ethnic and religious groups are targeted because of their beliefs."

“I want people to learn from the story but also think about what is happening around them in their community, who are the vulnerable people,” she says.

“Sometimes we don't know what to do or how to address these problems. Bibi has shown us the power of conversation, of sharing love. The power of sharing a meal with a stranger who doesn't see you as an equal human. That’s really powerful and I believe in these values. It's really easy to preach about them, but it's harder to practice them.”

Stranger at the Gate is available to view for free on YouTube

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Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

What vitamins do we know are beneficial for living in the UAE

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Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

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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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%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Updated: March 14, 2023, 12:56 PM