It’s been almost three years since Waleed Zuaiter first received an email from Hany Abu-Assad – the Golden Globe-winning and Oscar-nominated director of Paradise Now – about a new Palestinian feature film he was planning. While the words “emotional roller coaster” are perhaps cliched, Zuaiter experienced deep lows and unbelievable highs since he came aboard as the film’s producer and one of its main cast members.
The film is, of course, Omar, the West Bank thriller that has captivated audiences in Cannes and Toronto and, in December, opened the Dubai International Film Festival (which helped finance the picture). Having only opened across the US commercially earlier this month, its journey will peak tonight, when Abu-Assad, Zuaiter, the lead star Adam Bakri and several other cast and crew members stroll down the red carpet for the Academy Awards, where it’s up for Best Foreign Language Film. Adding to the sparkle of the occasion, both Zuaiter and Bakri are being kitted out in free Prada suits for the occasion.
“My manager’s sister does hair and make-up for celebrities and reached out to various companies,” says Zuaiter, laughing. “A lot of them said no, but Prada said yes, and I was, like: ‘That’s who I wanted anyway!’”
Bakri, who plays a militant in the film and calls the growing noise surrounding it “amazing and terrifying at the same time”, was also pleased with the deal.
“I was going to buy myself something cool anyway, but now that Prada has stepped in I have to accept the offer,” he says.
The timing of Omar’s US release, just days before the Oscars voting stopped, could well boost its chances of winning. “It gives us that exposure compared to the other films. A lot of people didn’t know about us for a very long time, we kind of snuck under the radar,” says Zuaiter.
The Arab-American actor, who has also had roles in The Men Who Stare At Goats and Sex and the City 2, and plays an Israeli military officer in the film, has had very little sleep recently having flown around the US promoting the film.
As he is based in Los Angeles and much of the film’s delegation are not, Zuaiter’s house has turned into a temporary hotel. “I have a whole Omar family staying with me. Leem [Lubany], who plays Nadia, and her sister, who is a designer, are staying here. Our editor and director of photography are coming, too, and they’re going to be staying with us. The excitement is definitely bubbling.”
But it wasn’t always Prada suits and red carpets. As the producer, Zuaiter had to help find the film’s financing. Most Palestinian productions get their money from European government funds or contributions from foundations, but Omar became the first to source 95 per cent from private Palestinian equity. And when one chunk of money pulled out just days before shooting, he had to frantically jump into action.
“I remember being on Hany’s rooftop in Nazareth,” he says. “His production offices are in the basement and his mother lives upstairs. But I had a very bad cellphone reception so had to go up to the rooftop so I wouldn’t drop a call. I was there fighting street noise, traffic, fire alarms, mosques, it was a cacophony. And I had to stand in the same place so not to drop the call while trying to raise a quarter of the funds for the movie.”
But even once made, the struggle didn’t stop and last summer saw the film push Zuaiter – who along with Hany and another producer had loaned out some of their wages to raise money – into a deep depression.
“It really derailed me emotionally. I just remember everything crashing at the same time,” he says. “As it’s a full-equity production, there’s a big responsibility on me to make all of our investors whole because part of the dream is that we want them to continue doing this and to help create a Palestinian film fund.”
Thankfully, with a US distributor and Oscars nod, Zuaiter’s efforts have paid off, although he admits that there’s still work ahead of him to help keep the film’s financiers happy. And for him and Bakri, Omar’s young star, there are more projects in the pipeline.
For Bakri, the success of Omar – his first feature – means he now has to measure every step.
“There’s interesting stuff coming up,” says Bakri. “I’ve been offered a couple of features now that I would definitely have taken if I was just starting out with a less big deal of a movie.” Zauiter has a role in the NBC sci-fi television series Revolution.
“It’s great. Most of the characters I’ve played are Middle Eastern, but this guy is called Martin Shaw, he could be Irish for all I know!” he laughs.
He also has a part in his friend and Axis of Evil star Maz Jobrani’s forthcoming comedy Jimmy Vestvood: Amerikan Hero.
“It’s kind of like Mr Bean meets Ace Ventura meets Peter Sellers.”
And even after the drama that has been (and still is) Omar, Zuaiter does not think he will be able to resist taking on another producing role.
“I swore a million times that I’d never produce again. And my wife has sworn that I’ll never produce again. But I’ve made so many mistakes along the way and learnt so much, that I think it would be a waste not to. I have a love/hate relationship with producing and now I’m back on the love side. I’m going to start actively looking once I can devote my attention to it.”
artslife@thenational.ae
ZAYED SUSTAINABILITY PRIZE
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
UAE v Ireland
1st ODI, UAE win by 6 wickets
2nd ODI, January 12
3rd ODI, January 14
4th ODI, January 16
Fast%20X
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Louis%20Leterrier%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Vin%20Diesel%2C%20Michelle%20Rodriguez%2C%20Jason%20Statham%2C%20Tyrese%20Gibson%2C%20Ludacris%2C%20Jason%20Momoa%2C%20John%20Cena%2C%20Jordana%20Brewster%2C%20Nathalie%20Emmanuel%2C%20Sung%20Kang%2C%20Brie%20Larson%2C%20Helen%20Mirren%20and%20Charlize%20Theron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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.”
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
%3Cp%3EInstances%20of%20violence%20against%20Syrian%20refugees%20are%20not%20uncommon.%3C%2Fp%3E%0A%3Cp%3EJust%20last%20month%2C%20security%20camera%20footage%20of%20men%20violently%20attacking%20and%20stabbing%20an%20employee%20at%20a%20mini-market%20went%20viral.%20The%20store%E2%80%99s%20employees%20had%20engaged%20in%20a%20verbal%20altercation%20with%20the%20men%20who%20had%20come%20to%20enforce%20an%20order%20to%20shutter%20shops%2C%20following%20the%20announcement%20of%20a%20municipal%20curfew%20for%20Syrian%20refugees.%3Cbr%3E%E2%80%9CThey%20thought%20they%20were%20Syrian%2C%E2%80%9D%20said%20the%20mayor%20of%20the%20Nahr%20el%20Bared%20municipality%2C%20Charbel%20Bou%20Raad%2C%20of%20the%20attackers.%3Cbr%3EIt%20later%20emerged%20the%20beaten%20employees%20were%20Lebanese.%20But%20the%20video%20was%20an%20exemplary%20instance%20of%20violence%20at%20a%20time%20when%20anti-Syrian%20rhetoric%20is%20particularly%20heated%20as%20Lebanese%20politicians%20call%20for%20the%20return%20of%20Syrian%20refugees%20to%20Syria.%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital