The Amman International Film Festival has returned for the third time — but Jordan’s premier cinematic event is still all about firsts.
Debut films by Arab and international talents make up the core of the festival’s programming. This has been a focus and a distinctive characteristic of the event since its inception in 2020. However, as the festival emerges from the challenges of the pandemic, it breaks free from the restrictions that hampered previous years to deliver a charged and bustling programme.
It started on Wednesday and runs until July 27; the festival will be screening 49 films, most of which are led by first-time directors. The programme includes recent international festival favourites such as Darin J Sallam’s Farha and Al Hadi Ulad-Mohand’s Life Suits Me Well, alongside a range of fresh documentary and narrative titles.
The festival launched with a ceremony at Al-Hussein Cultural Centre in Ras Al Ain. More than 100 filmmakers, actors, producers and industry professionals from around the region flew in for the event. Stars on the red carpet included Lebanese actor and writer George Khabbaz, Tunisian actor Dhafer L’Abidine, Jordanian actress Saba Mubarak, AlRawabi School for Girls stars Noor Taher and Rakeen Saad and Lebanese actress Carmen Lebbos. Prince Ali bin Al Hussein and his wife, Princess Rym al-Ali, the festival’s president, were also present.
“Third time lucky they say,” Princess Rym said in her opening speech. “We are indeed very fortunate to have received the immense support that has made this festival not only exist but also grow.”
“This year’s films are diverse and tackle different topics, I will not go into their details, but I would like to refer here to a saying by the famous French-Swiss filmmaker Jean-Luc Godord: ‘Every film is the result of the society that produced it.’ During the seven days of the festival, we will witness a confirmation of this saying especially through the eyes of the Arab filmmakers. May the festival begin!”
The festival opened with Peace by Chocolate. The debut feature of Canadian filmmaker Jonathan Keijser, the film tells the story of a Syrian refugee in a small Canadian town who is caught between his desire to pursue a medical career and his chocolatier father’s expectation to help in the family business.
The film stars the late Syrian director and actor Hatem Ali in one of his final performances.
While the opening film screened at Al-Hussein Cultural Centre, the rest of the films in the festival’s program will be showing at three locations: the open-air theatre at the Royal Film Commission — Jordan in Jabal Amman, as well as Taj Cinemas in Abdoun and Drive-in Cinema in the Abdali District, specially built for the festival. Most screenings are followed by a discussion with the filmmakers.
For the second consecutive year, the festival is hosting the special non-competitive section Franco-Arab Rendez-Vous. Four French-Arab co-productions will be screening as part of the festival, including Bonne Mere, The River, You Resemble Me, and Mariner of the Mountains.
The festival will also host the renowned Egyptian director Yousry Nasrallah in the First and Latest segment, highlighting his journey from his debut film Summer Thefts to his most recent works.
The Amman Film Industry Days launched in tandem with the festival, presenting a series of workshops, seminars and discussions with directors and film professionals. The segment also provides three pitching platforms for Jordanian and Arab projects in development or post-production. An independent jury will select the winning projects to receive cash and in-kind awards. The winners will be announced in a ceremony on July 26.
The festival will conclude with the Black Iris Awards ceremony. Three juries, made up of international film experts, will select the winning titles in categories including Arab feature-length narrative, Arab feature-length documentary and Arab short narrative.
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.”
TOUR RESULTS AND FIXTURES
June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15 (First Test)
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24 (Second Test)
July 8: New Zealand v Lions (Third Test) - kick-off 11.30am (UAE)
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
United States Championship
Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
The years Ramadan fell in May
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5