Egypt’s capital is gearing up for the opening of one of the most anticipated events of its annual roster, the 43rd Cairo International Film Festival, which returns this month.
The festival will run from November 26 to December 5, with the usual round of screenings, talks, masterclasses, panel discussions and networking events.
This year, 98 films from 63 countries will participate in the event. Of the films being screened, 12 will be singled out with a red carpet event. Thirty-four films will be making their world debuts, while 44 others will have their Mena premieres at the event, said festival president Mohamed Hefzy at a press conference in Cairo on Sunday.
The festival will mostly take place at Cairo’s famed Opera House, in the district of Zamalek. However, this year, a couple of new venues have been added to the roster, including the newly renovated Ewart Hall, at the American University in Cairo’s Tahrir Square Campus, and the nearby Zamalek Cinema.
The opening film is Official Competition, starring Penelope Cruz and Antonio Banderas, which will be screened for the first time in the Middle East after garnering critical acclaim at this year’s Venice Film Festival.
A number of Arab films are also expected to make their debuts in each of the four competitions. There is an international competition, a regional competition titled Horizons of Arab Cinema and one for short films. The most illustrious of all is the Critics Week competition.
“Cinema is a mirror for our culture, and one of the most important ways that we share that culture with the rest of the world,” said Hefzy.
A highlight of this year's festival is the number of short films participating, which surpasses all submissions from previous years. Hefzy said the short films competition is the only one in the Mena region and also doubles as an Oscars qualifier. The winner of the shorts competition takes home the festival’s prestigious Youssef Chahine Award.
The festival is also expected to hand out a number of other awards this year to single out different facets of filmmaking, including for best actor and actress.
The recipient of the prestigious Faten Hamama Award, given each year to a prominent figure in the Arab world's film industry for outstanding achievements, will be Egyptian superstar Karim Abdel Aziz, who is being recognised for a three-decade career during which he has played a number of beloved roles.
The festival’s highest honour, the Golden Pyramid Award, will be given to veteran actress and performer Nelly, one of the most recognisable Egyptian celebrities of the 1970s, '80s and '90s.
Internationally, Cannes Film Festival artistic director Thierry Fremaux and Oscar-winning film composer AR Rahman will be honoured for their contributions to the global film industry.
One of the festival's main partners this year is Netflix, which will hold a number of lectures and panel discussions.
The streaming company will also run Because She Created, an initiative that is predominantly focused on works by female directors. It will explore the growing role of women in the region’s film and entertainment industry as well as some of the challenges they face. One of the panel discussions will feature award-winning Tunisian actress Hend Sabri.
This year also marks the return of Cairo Industry Days, a subsection of the festival that helps budding filmmakers from the Mena region get into the industry.
Through the festival’s Cairo Film Connection platform, which pledges cash prizes through various sponsors to support new film projects submitted to the festival, $300,000 worth of prizes from 22 sponsors are expected to be doled out. That is in addition to the cash prizes awarded by the festival’s competitions.
In a bid to boost the country’s tourism sector, the festival is being supported by state-run and affiliated entities as it’s being overseen by the country’s culture ministry and Experience Egypt, the digital arm of Egypt’s tourism promotion authority.
The 43rd Cairo International Film Festival will take place from Friday, November 26 to Sunday, December 5. More information is available at ciff.org
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
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
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Profile of Hala Insurance
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