Palestinian band Le Trio Joubran. Courtesy Le Trio Joubran
Palestinian band Le Trio Joubran. Courtesy Le Trio Joubran

Curtain rises on Fujairah International Arts Festival



Artists from all over the world descend on Fujairah on Friday, February 19 for the first edition of the 10-day Fujairah International Arts Festival. The free-to-attend event will include performances by international bands, one-man plays, shows by folklore groups, and traditional Gulf dancing as part of Al Saif Championship, along with cultural activities, art exhibitions and workshops. Here are some of the top attractions.

The Storyteller: Khokha’s Tale

You're never too old to enjoy listening to a good story, and Mohammed Al Arousi knows this well. The Tunisian writer's Khokha's Tale – adapted from a Tunisian folk story and narrated by storyteller, singer and poet Al Fedawi – is about the love that grows between orphan boy Khaled and his cousin, Khadeeja. As their romance blossoms, so does the plum (khokha) tree they planted together in the yard as children.

• Hear Khokha’s Tale on Sunday, February 21, 5.30pm, in the Monodrama House in Dibba, and on Tuesday, February 23, 7pm, Corniche Stage

Music: Le Trio Joubran Band

Palestinian group Le Trio Joubran – three brothers who have a magical touch with the oud – make their Fujairah debut. Samir, Wissam and Adnan Joubran are originally from Nazareth but have performed all over the world, from Paris and New York to Berlin, Munich, Melbourne and Jerash. The band are renowned for shows that are full of intricate compositions.

• Le Trio Joubran perform on Saturday, February 20, 9pm, Corniche Stage

Music: Mame Khan Manganiyar

Greatly respected Indian folk musician Mame Khan Manganiyar, together with his band, will perform a wide repertoire of traditional folk and Sufi songs. He focuses on Jangra, the folk music of his region, which includes a diverse range of songs for all occasions, from traditional wedding odes to songs meant to welcome a newborn child.

• Mame Khan is on Wednesday, February 24, 9pm, Corniche Stage

Competition: Al Saif Championship

Sword dancing in the UAE is an art in its own right, and Sheikh Mohammad bin Hamad Al Sharqi, the Crown Prince of Fujairah, has chosen to recognise the art through a competition.

Al Saif Championship will introduce audiences to the ancient art of almzafin in a festive, family friendly atmosphere that will highlight the heritage and culture of the country, while showcasing the traditional dance form. Watch troupes from across the UAE perform the various forms of desert dance incorporating swords or sticks.

• Performances will be held at the Fujairah Fort on Saturday, February 20, from 4pm to 8pm, and again on Friday, February 26, from 4pm to 8pm

Highlight: Kadhim Al Sahir

Big-ticket drawcard Iraqi superstar Kadhim Al Sahir – a big-ticket attraction known to his fans as The Caesar – is renowned as a singer, composer, poet and favourite judge on the talent shows The Voice and The Voice Kids. He will perform as part of the closing ceremony of the festival, backed by an orchestra, and his set will most likely feature a bit of everything – big romantic ballads, pop hits, beloved Iraqi folk songs and classical Arabic music.

• Catch Kadhim Al Sahir on Monday, February 29, 9pm, ­Corniche Stage

Monodrama: Marcel

This one-woman play from Armenia, performed by Mariam Ghazanchyan and written, produced and directed by Hakob Ghazanchyan, is based on the sufferings of the legendary French singer Édith Piaf. Ghazanchyan’s performance includes 12 songs from Piaf’s repertoire, but with a twist.

• Watch Marcel on Saturday, February 27, at 6:30pm in the Monodrama House in Dibba

The Fujairah International Arts Festival runs from Thursday, February 18 until February 29. Entry to all shows is free. For more information and ticket details, visit www.fiaf.ae

artslife@thenational.ae

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The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

RESULTS

Bantamweight

Victor Nunes (BRA) beat Siyovush Gulmamadov (TJK)

(Split decision)

Featherweight

Hussein Salim (IRQ) beat Shakhriyor Juraev (UZB)

(Round 1 submission, armbar)

Catchweight 80kg

Rashed Dawood (UAE) beat Otabek Kadirov (UZB)

(Round-1 submission, rear naked choke)

Lightweight

Ho Taek-oh (KOR) beat Ronald Girones (CUB)

(Round 3 submission, triangle choke)

Lightweight

Arthur Zaynukov (RUS) beat Damien Lapilus (FRA)

(Unanimous points)

Bantamweight

Vinicius de Oliveira (BRA) beat Furkatbek Yokubov (RUS)

(Round 1 TKO)

Featherweight

Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

(Round 1 rear naked choke)

Flyweight

Shannon Ross (TUR) beat Donovon Freelow (USA)

(Unanimous decision)

Lightweight

Dan Collins (GBR) beat Mohammad Yahya (UAE)

(Round 2 submission D’arce choke)

Catchweight 73kg

Martun Mezhulmyan (ARM) beat Islam Mamedov (RUS)

(Round 3 submission, kneebar)

Bantamweight world title

Xavier Alaoui (MAR) beat Jaures Dea (CAM)

(Unanimous points 48-46, 49-45, 49-45)

Flyweight world title

Manon Fiorot (FRA) v Gabriela Campo (ARG)

(Round 1 RSC)

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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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BEETLEJUICE BEETLEJUICE

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Director: Tim Burton

Rating: 3/5

Greatest of All Time
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