Tariq Al Hosani from Zero Gravity. Courtesy Image Nation
Tariq Al Hosani from Zero Gravity. Courtesy Image Nation

Bopcorn & Sawaalef gives budding filmmakers a chance to meet like minds



On Tuesday, you may hear punches and kicks emanating from the twofour54 offices in Abu Dhabi. But don't call the police. It's all part of Bopcorn & Sawaalef, Image Nation's new film club. Alex Ritman dons special padding and investigates

The background

Wondering exactly what Bopcorn & Sawaalef is? "It's for the film community here at large," explains Mohammed Al Otaiba, the head of Image Nation Abu Dhabi (which is owned by Abu Dhabi Media Company, owner of The National). He's the moderator of the group and a filmmaker himself. "It's a place where we can talk about films. It's for everybody who wants to sit down and share other people's stories."

Details

Bopcorn & Sawaalef is a free monthly event usually held towards the end of each month. This week's meeting is the group's third so far. Each session has different guest speakers and screenings. "We could get a producer based in the UAE to talk about what it entails to be a good producer, whether these qualities are inherent or acquired with experience," says Al Otaiba. "We'd watch a short film from a filmmaker based in the UAE and we'd dissect it and discuss the challenges that person faced in making the film."

Previous sessions

In the last meeting, a discussion arose about making feature-length films on zero budget, with two filmmakers, Abdulla Al Kaabi (whose film, The Philosopher, screened at the 2010 Dubai International Film Festival and was one of the most expensive shorts made that year) and Khalid Al Abdulla, who has made several low-budget shorts (one, Ice Cream, screened at the most recent Gulf Film Festival), sharing their experiences. "I realised we had two very different kinds of filmmakers," says Al Otaiba. "Hopefully we're going to catch up with them both in six months or a year and see where they got to."

Future plans

The Bopcorn & Sawaalef meet-ups will hopefully cover the various aspects of filmmaking - from financing to set design and make-up - as they move forward and grow. "We're also hoping to do something on animation," says Al Otaiba. "It's all about less of the talk and more of the showcasing. Don't talk, just show."

Who can come

It's open to anybody interested in filmmaking. "Anybody living in the UAE who wants to get to know other people in the film world, wants to network, wants to make their own low-budget film. This is the place to get to meet others."

What's with the fighting?

This week's session sounds particularly interesting. Tariq Al Hosani of the local "fight specialists" Zero Gravity will screen his choreographed fights and provide a behind-the-scenes look into how they film their show. "He's going to talk about where to place the camera, how to direct action sequences, it's very real and very interactive," says Al Otaiba. "We're all very excited."

How to get involved

This week's session is from 6-8pm at twofour54 in Abu Dhabi. But it changes each time, so it's worth checking the Bopcorn & Sawaalef Facebook group and Twitter feed.

Anything else to know?

There's free popcorn.

LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

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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.”

Results

Light Flyweight (49kg): Mirzakhmedov Nodirjon (UZB) beat Daniyal Sabit (KAZ) by points 5-0.

Flyweight (52kg): Zoirov Shakhobidin (UZB) beat Amit Panghol (IND) 3-2.

Bantamweight (56kg): Kharkhuu Enkh-Amar (MGL) beat Mirazizbek Mirzahalilov (UZB) 3-2.

Lightweight (60kg): Erdenebat Tsendbaatar (MGL) beat Daniyal Shahbakhsh (IRI) 5-0.

Light Welterweight (64kg): Baatarsukh Chinzorig (MGL) beat Shiva Thapa (IND) 3-2.

Welterweight (69kg): Bobo-Usmon Baturov (UZB) beat Ablaikhan Zhussupov (KAZ) RSC round-1.

Middleweight (75kg): Jafarov Saidjamshid (UZB) beat Abilkhan Amankul (KAZ) 4-1.

Light Heavyweight (81kg): Ruzmetov Dilshodbek (UZB) beat Meysam Gheshlaghi (IRI) 3-2.

Heavyweight (91kg): Sanjeet (IND) beat Vassiliy Levit (KAZ) 4-1.

Super Heavyweight ( 91kg): Jalolov Bakhodir (UZB) beat Kamshibek Kunkabayev (KAZ) 5-0.