“UAE book trends tend to follow global book trends, in that what is fashionable abroad becomes fashionable here,” says Christopher Clothier, a senior book buyer at Virgin Megastore Middle East.
“UAE book trends tend to follow global book trends, in that what is fashionable abroad becomes fashionable here,” says Christopher Clothier, a senior book buyer at Virgin Megastore Middle East.
“UAE book trends tend to follow global book trends, in that what is fashionable abroad becomes fashionable here,” says Christopher Clothier, a senior book buyer at Virgin Megastore Middle East.
“UAE book trends tend to follow global book trends, in that what is fashionable abroad becomes fashionable here,” says Christopher Clothier, a senior book buyer at Virgin Megastore Middle East.

A book buyer explains the process of choosing which books go on sale in the UAE


  • English
  • Arabic

Being a book buyer might sound like a dream job for book lovers, but it involves a lot more than just reading. A buyer must be good with numbers and managing budgets. They need sales and negotiation skills, and there’s the responsibility of finding new titles – usually about 100 each month – to add to the shelves.

Christopher Clothier is a 32-year-old from the United Kingdom who’s a senior book buyer at Virgin Megastore Middle East. He moved to Dubai in January, with more than a decade of experience in the industry, having worked as a book buyer for the British book retailer Waterstones. Clothier, together with Walter Santos, a junior book buyer, purchase the range for the 12 branches of Virgin Megastore in the UAE, as well as those in Egypt, Bahrain, Qatar and Jordan, with the support of local booksellers. He answers our questions about his role, the industry and why colouring books are so popular in the UAE.

How did you become a book buyer?

By working in a bookstore right after college – I graduated with a bachelor of arts in philosophy and ancient history. I had worked in different roles at Waterstones, a big book chain in the UK, where I would interact with the customers, recommend books I had read, as well as work in the commercial and business side of the industry, before becoming a book buyer. It wasn’t a set-out plan, it just happened. But reading lots of books and loving books is at the heart of the profession.

How are books selected for the shelves?

So much of the approach to buying a book is subjective. What you’re passionate about reading is a very personal subject. However, I always try to put myself in the shoes of our customers and consider what they would be looking for in a book. Experience in the trade and staying up to date with the latest trends in reading are the best aids in this.

While I will keep in mind which categories or genres of book are the most popular, it’s important to judge each title on its own merit. It’s not like buying toothpaste; if we’re missing the book a customer is looking for, they won’t necessarily pick up one that looks similar.

Describe your role in how a book ends up on the shelf.

If we think about my part in the journey of a book, from the author and publisher to the shelves, it will start either with a meeting with a publisher to discuss forthcoming titles or an email with bibliographic detail, jacket image and plot synopsis. From this point, I will make a shortlist of titles that are the best fit for our customers’ tastes.

There’s simply no way to read every book that comes out or even the entirety of every book we stock. However, I do try to read as many of the new titles coming in as I can before making decisions.

Once a book has been selected for our range, I will look at genre performance and sales for similar titles in our different shops before building an order. After this, it’s largely a case of waiting for the stock to arrive and seeing how people react to it.

Outside of work, I spend a lot of my free time reading upcoming titles – it is essential to the role; you can see me most mornings with my head in book as I walk along the Marina towards the office. Being so new to Dubai, I have to find a balance between getting to know the city and burying myself in a good book.

Have you noticed a formula that helps a book become successful?

I’ve spent the past decade in the trade, and I’m still astounded by the volume of quality titles that are being published and how there is no real way to guarantee success. There are always going to be success stories that no one predicted, such as the current boom in colouring books. Likewise, there will be titles you believe in with all your heart that fail to gain any traction.

Many factors affect the success of a book, but the biggest change in recent years has been the impact of social media. People are very savvy to when and how they are being marketed to; the honest support of bloggers on platforms such as YouTube or Instagram can bring attention to an amazing book that may never have been heard of otherwise.

An interesting fact that has held true for a long time is that books about cats tend to sell better than books about dogs.

Are there any UAE-specific book trends that you have noticed?

UAE book trends tend to follow global book trends, in that what is fashionable abroad becomes fashionable here. At the same time, we have noticed a particular interest for business books, and autobiographies of successful business people, perhaps reflective of the entrepreneurial nature of customers in the UAE.

Having said that, our top five best-selling books of 2016 so far [at Virgin Megastore] are colouring books, which probably reflects the great need for stress and anxiety relief.

I have also noticed that most people don’t read on the Metro in Dubai. One of the best places to check out what people are reading is to look at what commuters are reading on public transport. Here, I haven’t seen many people read books – mostly they are checking their smartphones while waiting or riding the Metro.

What are your thoughts on the Year of Reading initiative?

Although there are a great number of people of all ages who devour books, it’s clear that reading is something that needs addressing, and fostering a generation of voracious readers will pay dividends for the UAE – there is no downside, and it’s been great seeing people get behind the idea.

I can’t list all the ways that a childhood of reading books has made me a better person; books have kept me company on long journeys, helped me through life’s problems, and even meant I can sound smarter than I am in social situations.

Anything that motivates reading, particularly in schools, is more than just a good cause, and it is essential that enthusiasm for reading extends to the home environment, too. Like so many others, my passion for books can be traced directly back to my parents reading to me as a child and to growing up knowing that reading is something you do for fun and relaxation, as well as for study.

Self-publishing has become increasingly popular in recent years. What advice do you have for budding writers?

The bad news is that writing your book is just the first step; get it checked by someone who will be brutally honest, or be willing to get an editor to carefully check the text before going to print. Often, you’re too close to your own work to see the simple, easy-to-miss mistakes. Make sure your book looks like something you would see in a bookshop. Buy a bestseller, look at the way they’ve approached production.

Top-selling books of 2016 so far

Virgin Megastore UAE

1. Querkles by Thomas Pavitte

2. Querkles Masterpieces by Thomas Pavitte

3. Secret Garden by Johanna Basford

4. Keep Calm and Colour for Mums by Huck & Pucker

5. Lost Ocean by Johanna Basford

Borders

1. Secret Garden by Johanna Basford

2. Cometh the Hour by Jeffrey Archer

3. Me Before You by Jojo Moyes

4. Peppa Plays Football by Ladybird

5. Lady Midnight by Cassandra Clare

Kinokuniya

1. Me Before You by Jojo Moyes

2. Who Moved My Cheese? by Dr Spencer Johnson

3. Thinking, Fast and Slow by Daniel Kahneman

4. Coco Chanel by Megan Hess

5. Fat Dad, Fat Kid by Shay Butler and Gavin Butler

Don't miss the Abu Dhabi International Book Fair at Adnec until May 3. For more information, visit www.adbookfair.com.

rghazal@thenational.ae

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Price: base / as tested: Dh335,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 400hp @ 5,800rpm

Torque: 560Nm @ 4,000rpm

Fuel economy, combined: 12.1L / 100km

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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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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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WBO Light Welterweight champion - 2004-06
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WBO Light Middleweight champion – Aug 2017-Dec 2017

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

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