Luke Jerod Kummer reports from Ethiopia, where the new millennium has literally just begun.
Since humans learnt language and maths, time has been ours to divide, number and name. And to these increments, cycles and things we call beginnings and endings, we have ascribed meaning. Last month Ethiopia - the birthplace of one of the world's oldest civilisations - marked the end of a much trumpeted yearlong celebration of the "Ethiopian Millennium", according to the country's own reckoning of time.
The Ethiopian calendar - whose roots are in ancient Egypt - divides each year into 13 months. The first 12 have a uniform 30 days each, and the13th, a pause just before the new year, has five days most years and a sixth "leap" day every fourth year. The current date in Ethiopia remains seven or eight years behind the standard Gregorian calendar, owing to a centuries-old disagreement about the year Jesus was born. So while the rest of the world celebrated the millennium eight years ago, Ethiopia only ushered in 2000 a year ago on the holiday known as Enkutatash, which falls on September 11 or 12.
For Ethiopians the arrival of the third millennium was a symbol of pride - in the only African nation to have fought off a European coloniser - that its recorded history dated back thousands of years, and that Christendom had come to Ethiopia before many parts of Europe. For the government, however, the uniquely late celebration was an opportunity to promote Ethiopia abroad - and solidify the standing of the ruling party after a hotly contested election. The state declared 2000 a jubilee year, announcing a host of new public works projects and a line-up of high-profile concerts from the likes of the Black Eyed Peas, and promising an increase in tourism and an economic revival spurred by returnees from the Ethiopian diaspora.
But after a grand party to kick off the year at the new Millennium Hall in Addis Ababa - reported to have cost $10 million (Dh37 million) - construction projects were halted, only a few concerts took place and tourists failed to arrive in droves. As the jubilee year drew to a close in September, the big illuminated "2000" signs and fibreglass white doves that remained in Addis Ababa's Meskel Square looked like they had been forgotten by a carnival that had left town. The ceaseless toasts to the millennium in the local media had produced a kind of fatigue, compounded by a looming food crisis and an inflation rate topping 25 per cent.
But by the morning of New Year's Eve, the sprawling capital was gearing up for another turning of the clock - if with rather less fanfare. On city sidewalks, two-metre long branches joined together like tepee frames were being sold as easy-ignition bonfires. Churches were filled with petitioners, and alms seekers - the aged, the maimed and the mothers with their tiny, frail proxies - waited outside the gates with outstretched hands.
Across Ethiopia small ceremonies of celebration were underway, looking to the new year as a time of renewal. Those who could afford it fitted their children in new clothes, repainted their houses and purchased clay coffee pots and knives in the belief that goods bought for the new year will stay shiny and sharp for the next 13 months. Markets bustled as people prepared to celebrate with family and friends. At the Shiro Meda market women squatted on tarpaulins with umbrellas cradled on their shoulders while they bundled cut grass with adayababa, the little yellow daisies for which the city is named; Ethiopians decorate their homes and businesses with these flowers, which only bloom at the end of the rainy season in September. But inflation has taken its toll: bunches that cost 0.50 birr (18 fils) last year sold for 2 to 4 times as much last month.
Inside Shola market the smells of beriberi, must and animals mixed in a crisscross of hectic aisles. Chickens crammed together in cages were placed beside baskets of their own eggs - with the two likely to be reunited soon in doro wot, a stew traditionally cooked on New Year's Eve and served the next day. At the nearby sheep market, an uphill path of ankle-deep mud crowded with damp flocks and thousands of herders and shoppers, sheep were going for between 450 and 700 birr (Dh168 to Dh261). Sheep are an important symbol of plenitude at the New Year, and prices had risen for the occasion.
In a grassy patch in front of Saint Gabriel's Church the priest's sermon floated from a loudspeaker while several men bound the legs of a bull, twisted its horns until it fell to the ground and then slit its throat and stood back as the beast deflated and twitched. They divided the meat among families who could not afford to purchase their own animal. Across town in the upper-class Bole area, the floors of the shiny new Getu mall were decorated with flowers and grass. Though shop owners and mallgoers described business as brisk, it barely compared to a slow day at any mall in the UAE; customers for store-bought goods are scarce in a country where 80 per cent of the population lives on less than $2 per day.
A few sharply dressed youths sat in the atrium drinking coffee, using wifi and listening to Abebayehosh, sung by Teddy Afro. A traditional New Year's song carolled by children, the reworked version crooned by Afro was ubiquitous this year, as were discussions of the singer's recent jailing on charges of vehicular homicide, with some alleging he had been targeted for the political criticisms that have recently coloured his reggae-inflected songs.
A few minutes' drive from the silver-and-glass mall, the houses in the Aware neighbourhood were largely patched together from scraps of corrugated metal. The smoke from stoves and bonfires crept from the settlements like a fog. Paved roads wound through the slums and then dead-ended where construction had abruptly ceased. Here and there new condominiums could be seen rising from the shanties like crystal vases in a pile of crushed soda cans.
At Jan Meda race ground, whose entrance was heavily guarded by rifle-toting federal police, a mucky trail led through knee-high grasses towards a stage beckoning with a skyward spotlight. The government had sent out a press release saying 100,000 people were expected to watch a free line-up of local musicians starting at 6pm. However, by 7pm there were only a couple thousand people lining a barricade set away from the stage, and the show had not begun. Meanwhile, at Millennium Hall, where a much-hyped event with DJ Slush from Dubai cost 200 birr (or 500 birr for VIPs), the cavernous building remained almost empty an hour after start time.
On a section of Chechnya Street where the sidewalks are studded with dozens of tiny cement houses, each a bar adorned with a different design of Christmas lights, a woman was strutting in a bikini despite the evening's rainy-season chill. These bars are a well known place to procure a "business woman", and inside one such bar called Sister House about seven ladies seemed eager for a dance partner.
Three of them, however, had donned the traditional white Abaysha camise dress for the holiday. The floors were blanketed in flowers and grass. At another cell-like bar, guests could not lean back on the couch because the walls were wet with fresh paint. Because Ethiopians believe the New Year starts at sunrise - not midnight - there is no Times Square-style countdown. The next morning the normally clogged streets were mostly empty. As people woke up to the first New Year of the third Ethiopian Millennium, they gathered with their families. Women put on traditional dress and outfitted their children in their best clothes so they could make the rounds of relatives' houses, singing and presenting hand-copied pictures of angels; sheep, goats and chickens met with brand new knives.
lkummer@thenational.ae
Scream%20VI
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
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.”
THE BIO
Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
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The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
The biog
Family: Parents and four sisters
Education: Bachelor’s degree in business management and marketing at American University of Sharjah
A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls
Likes reading: autobiographies and fiction
Favourite holiday destination: Italy
Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning
Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes
Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure
More from our neighbourhood series:
The specs: 2018 Chevrolet Equinox
Price, base / as tested: Dh76,900 / Dh110,900
Engine: 2.0L, turbocharged in-line four-cylinder
Gearbox: Nine-speed automatic
Power: 252hp @ 5,500rpm
Torque: Torque: 352Nm @ 2,500rpm
Fuel economy, combined: 8.5L / 100km
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
KILLING OF QASSEM SULEIMANI
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Global state-owned investor ranking by size
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UAE
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
The five pillars of Islam
Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
The specs
Engine: 3.9-litre twin-turbo V8
Transmission: seven-speed
Power: 720hp
Torque: 770Nm
Price: Dh1,100,000
On sale: now
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort: