Detail of Shah Jahan from the miniature painting of the wedding of Dara Shikoh, Awadh, 1740, National Museum, New Delhi, India. (Photo by: IndiaPictures/UIG via Getty Images)
Detail of Shah Jahan from the miniature painting of the wedding of Dara Shikoh, Awadh, 1740, National Museum, New Delhi, India. Getty Images

How Kashmir's courtly poets came from abroad



Roughly eight million people every year visit the Taj Mahal, the soaring marble marvel on the bank of the Yamuna river in India’s Uttar Pradesh, and countless millions more all over the world savour its beauty via the internet. Some of those onlookers might be aware (or might learn in the process) that they’re admiring the most famous extant example of the art or architecture of the ­vanished Mughal Empire – the Taj Mahal was commissioned in 1632 by the Mughal ­Emperor Shah Jahan, and as all those millions of visitors are dutifully informed, the building’s heart is a mausoleum to Shah Jahan’s beloved consort Mumtaz Mahal, the daughter of an Agra-based family of Persian royalty.

The confluences at work there – beauty and nostalgia, commerce and sentiment, Persian and Indian – are important in understanding not only the Mughal period but also, equally fascinatingly, how the Mughals understood themselves. Mughal Arcdia: Persian Literature in an Indian Court, by Sunil Sharma, a Boston University professor of Persian and Indian literature, delves into just these kinds of confluences, studying not only the mechanics of how the Mughal Empire welcomed and honoured poets to its courts and regional capitals but also how those poets and their successors characterised the Mughal world, particularly when it was in the relatively abrupt process of vanishing into the past.

The empire was born in conquest: in 1526 the Timurid warlord Babur, outcast from the vast Central Asian power-structures that had descended from Genghis Khan, won the first battle of Panipat in present-day Haryana and established the territorial ­foothold that he and his descendants would quickly extend to virtually the entire Indian subcontinent.

One of those descendants, Akbar the Great, ruled for half a century and ushered India into the 17th century, made attempts at systematic moderate rule, made attempts to reform his law codes and tax codes for greater fairness and, perhaps most famously, really began the Mughal's extensive court patronage of the arts. Akbar was succeeded by Shah Jahan, who took imperial encouragement of the arts to the highest point it would reach in the Mughal period.

Even before the advent of the Mughals, word had spread to the literati that court positions and patronage might be found in the Muslim kingdoms already established in Central and South India; once the Mughals opened that same kind of welcome in the north, the flow of Persian artists of all kinds only increased. For its poets besotted with the natural beauty of the valley of Kashmir, for instance, the place became "Little Iran" (Iran-i saghir), a kind of nourishing paradise-on-Earth.

This process only accelerated as successive Mughal rulers continued to marry into the ranks of Indian nobility.

With lean and unobtrusive scholarship, and with a prose-line far more accessible than most of his fellow academics, Sharma studies the ways in which that broader paradise-on-Earth was first created and then enshrined in Indo-Persian literature, even among those who didn't take the gamble of trusting their luck in a foreign land.

"Persian poets who chose not to leave their homes to start a new life in India were entertained by dazzling tales of the liberal patronage of Indian rulers and the strange customs and cultures of India," and the poets who did leave home sometimes encountered the extremely heady mixture of exoticism and familiarity, beauty and strangeness – and they wrote about it voluminously.

The beauty of the region those poets encountered certainly encouraged paradisaical thinking. Kashmir’s streams and whispering trees and exquisite gardens were temptingly easy to associate with the generosity and seeming benevolence of the Mughals who ruled the land, and this naturally gave rise to characterisations of a Promised Land.

“The valley lent itself perfectly to being viewed as a Persianate Arcadia for Mughal poets and others,” Sharma writes, “especially given its salubrious climate, serene gardens that skillfully combined the natural and artificial, and a seemingly bucolic way of life, all of which exemplified perfectly what the empire stood for.”

With comprehensive scholarship and a good deal of subtle wit, Sharma teases out the role that Safavid poets played in shaping the culture of the Mughal nobility at its heyday.

Of course, paradise found leads to paradise lost and Sharma's story extends to the twilight of his Mughal Arcadia. When Shah Jahan's son and successor, Aurangzeb, (referred to by Sharma, with endearing understatement, as "rather austere") left Dehli in 1688, the court-poet ­atmosphere that had ­flourished under Akbar and Shah Jahan had already ­withered almost to nothing, partly owing to a shift in economic conditions.

"The tumultuous decade also witnessed a shift in the power dynamics among court poets as fewer men of letters came looking for patronage at the imperial level," Sharma writes. "No longer assured of a lucrative career in India, and with the improvement in the economic conditions in late Safavid Persia, the tide of migrants was greatly reduced."

Mughal kings and princes could instruct their heirs in the refinement of learning Persian letters but the boom times for expatriate artists of all kinds was inexorably waning.

In a remarkably short amount of time, this Mughal Arcadia had faded not only from memory but from legend. In the 1760s, a scholar of Persian literature named Azar Begdili made brief mention of long-ago colonies of Persian poets writing in other lands. Of India he wrote:

"Because of its great distance, people of Persia have no complete information about the circumstances of this land."  

Sharma is entirely right to conclude his important study by giving his readers the same kind of reminder those millions of Taj Mahal visitors get every year: the arts of Persia hugely shaped the Mughal Empire whose magnificent fragments still amaze the modern world. The empire and the artists are long gone, but their stamp on their world is still very much with us.

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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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July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

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Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

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Favourite exercise: The snatch

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When: November 14 (from 10am)
Where: Warehouse421,  Abu Dhabi
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WHY AAYAN IS 'PERFECT EXAMPLE'

David White might be new to the country, but he has clearly already built up an affinity with the place.

After the UAE shocked Pakistan in the semi-final of the Under 19 Asia Cup last month, White was hugged on the field by Aayan Khan, the team’s captain.

White suggests that was more a sign of Aayan’s amiability than anything else. But he believes the young all-rounder, who was part of the winning Gulf Giants team last year, is just the sort of player the country should be seeking to produce via the ILT20.

“He is a delightful young man,” White said. “He played in the competition last year at 17, and look at his development from there till now, and where he is representing the UAE.

“He was influential in the U19 team which beat Pakistan. He is the perfect example of what we are all trying to achieve here.

“It is about the development of players who are going to represent the UAE and go on to help make UAE a force in world cricket.” 

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Founders: Karthik Mahadevan and Karthik Kannan
Based: The Netherlands
Sector: Technology/Assistive Technology
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Investment stage: Seed
Investors: 4impact, ABN Amro, Impact Ventures and group of angels

Four scenarios for Ukraine war

1. Protracted but less intense war (60% likelihood)

2. Negotiated end to the conflict (30%)

3. Russia seizes more territory (20%)

4. Ukraine pushes Russia back (10%)

Forecast by Economist Intelligence Unit