Rain soaks the Croisette. It battered through the night and has been gusting fitfully all morning. It drums on the roof of the Abu Dhabi pavilion in the international village. "How do you find Cannes?" I ask Edward Borgerding, the CEO of Imagenation Abu Dhabi, the UAE-based film company and Abu Dhabi Media Company, parent of The National. "I find it wet," he says. It isn't only the weather that is dampening the festival mood: the economic climate is showing, too. "Attendance is down," says Borgerding. "Companies, instead of sending 10 people, are sending five. We saw the same thing in Berlin."
But the Abu Dhabi team is in buoyant spirits. It has just announced a partnership with the Circle Conference, which programmes film-industry panels and masterclasses to support film production in the UAE. As Borgerding explains, Imagenation will help to "develop the programme for the Circle itself, so that what's being discussed is relevant and topical. Of course they know these things, but we also bring a different perspective to it." Imagenation will expand the Circle's circle, so to speak, supplementing and complementing its existing range of business contacts. And it will offer its expertise to the Shasha Grant, a screenwriting prize open to entries from all over the world. "The best screenplay will win $100,000," says Borgerding. "Also, Imagenation will guide that filmmaker for the film to be developed into something that can eventually be produced and distributed worldwide."
As David Shepheard, the director of the Abu Dhabi Film Commission which now runs the Circle Conference, explains, the chosen writers will receive "lots of assistance from the film commission for development producers or script editors to help them shape the budget. And once the project is at a certain stage, it goes to Imagenation for a first-look deal." In the current climate, he notes: "A very generous scriptwriting award, plus a first-look deal for the winner, is quite unheard-of."
The Circle deal slots neatly into Borgerding's sense of his company's purpose. "The motivation for setting up Imagenation itself was to create an environment where people can learn the professional skills of the film industry," he says. "It's sort of that old saying of, if you feed a guy he's not hungry for a day but if you teach him how to fish he'll never be hungry again... The idea with Imagenation is really to train a generation of media executives who understand how to finance movies, develop them, make them, get your money back and do it all over again."
And it couldn't be a better time to professionalise the UAE's movie industry. Around the world, sources of funding for filmmakers are drying up. Abu Dhabi remains one of the few buyers in a falling market: witness the keen interest that the movie trade press has take in the emirate. Variety alone has published a barrage of stories just over the past fortnight, covering Imagenation's forthcoming projects with Participant Media and National Geographic, the development of the Abu Dhabi Film Commission, the Shasha Grant and more. The studio head Harvey Weinstein was reportedly sighted at parties hosted by Imagenation and the Middle East International Film Festival in Cannes on Friday night. All of which goes to suggest that, as Borgerding says: "there's greater access to talent".
This ought to benefit all sectors of the local industry. Local projects will be able to attach big names, with their attendant benefits to publicity and expertise. And local talents will have the opportunity to observe the best in the business first-hand. Shepheard explains: "We all share the same ambition, which is that if there are international projects that come into Abu Dhabi or are kind of assisted in some way, we want to gain the best benefit for the local filmmakers. So, in discussion with Imagenation, if there are certain projects that are coming to the region, and we have interns or trainees that we can attach to that project, that's one of the ways we can work together." In a stormy climate, the burgeoning Abu Dhabi film industry represents a rare ray of hope for all concerned.
Company%20Profile
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Company%20Profile
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THE NEW BATCH'S FOCUS SECTORS
AiFlux – renewables, oil and gas
DevisionX – manufacturing
Event Gates – security and manufacturing
Farmdar – agriculture
Farmin – smart cities
Greener Crop – agriculture
Ipera.ai – space digitisation
Lune Technologies – fibre-optics
Monak – delivery
NutzenTech – environment
Nybl – machine learning
Occicor – shelf management
Olymon Solutions – smart automation
Pivony – user-generated data
PowerDev – energy big data
Sav – finance
Searover – renewables
Swftbox – delivery
Trade Capital Partners – FinTech
Valorafutbol – sports and entertainment
Workfam – employee engagement
ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Company%20Profile
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COMPANY%20PROFILE
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COMPANY%20PROFILE%20
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COMPANY%20PROFILE
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Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
The%20specs
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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COMPANY%20PROFILE%20
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY%20PROFILE
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The%20specs
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY%20PROFILE
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ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)