Hesham Selim, pictured at Dubai International Film Festival in 2010, worked with Egypt’s biggest names in TV and film during his five-decade-long career. Photo: Getty Images For Dubai International Film Festival
Hesham Selim, pictured at Dubai International Film Festival in 2010, worked with Egypt’s biggest names in TV and film during his five-decade-long career. Photo: Getty Images For Dubai International Film Festival
Hesham Selim, pictured at Dubai International Film Festival in 2010, worked with Egypt’s biggest names in TV and film during his five-decade-long career. Photo: Getty Images For Dubai International Film Festival
Hesham Selim, pictured at Dubai International Film Festival in 2010, worked with Egypt’s biggest names in TV and film during his five-decade-long career. Photo: Getty Images For Dubai International Fi

Egyptian actor Hesham Selim dies aged 64


Kamal Tabikha
  • English
  • Arabic

Veteran Egyptian actor Hesham Selim died on Thursday, at 64, after battling cancer for a few months.

Selim’s lifelong friend and the Egyptian actors’ guild president Ashraf Zaki broke the news on Thursday morning on Instagram. Zaki’s tribute post was followed by many others from Egypt’s A-list.

According to Zaki, a funeral procession for the actor will be held later on Thursday in the Greater Cairo district of Sheikh Zayed, the affluent suburb where Selim had lived.

News that Selim had been diagnosed with cancer first broke in May and was confirmed by him in a televised phone-in, during which he said he was staying in Ain Al Sokhna, a Red Sea beach town outside Cairo.

Following the diagnosis, which was met with sadness from the country’s acting community, Selim became a recluse for months while receiving treatment, leaving many in the media wondering how he was doing.

Zaki, in an interview two months ago, said he had been unable to reach Selim but was hoping for the best.

“Thank god, I am fine and everything will be OK," Selim told Al Tase'a, a national talk show. "And maybe these days cancer is preferable to getting Covid or any of these other diseases that kill a person in three days. Anything that God brings is fine and I am doing well until now."

Born in 1958, the actor made his acting debut in 1972 alongside renowned actress Faten Hamamah in the hit film Emberatoriet meem (or “M” Empire in English) and delivered a memorable performance for which he continues to be praised for until today.

Selim’s five-decade career has had him working with some of Egypt’s biggest names on many successful films and TV series.

His latest work, Hagma Mortada (Counterattack), a spy thriller series released during Ramadan last year, was also highly praised and became one of the most-watched shows of that season.

He was the son of Saleh Selim, a football legend-turned-actor who died in 2002.

Selim is survived by three children, Nour, Zein and Esmat.

Scroll through the gallery below to see other stars we've lost in 2022 so far

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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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.

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Updated: May 09, 2023, 12:56 PM