Dubai International Film Festival charity gala raises more than $1 million for Syrian refugees


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DUBAI // More than US$1 million was raised at the Dubai Film Festival’s annual charity gala on Wednesday night.

Now in its third year, the dinner and auction were held under the patronage of the UN messenger of peace, Princess Haya bint Al Hussein, wife of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

Proceeds from the One Night to Change Lives fundraiser went to Dubai Cares and Oxfam to support their work in Syria.

“This charity event presents a great opportunity to everyone interested in supporting Syria’s displaced children and their families,” said Tariq Al Gurg, chief executive of Dubai Cares.

“We currently are reaching more than eight million children in 31 developing countries, promoting quality primary education through integrated, sustainable and impactful programmes that eliminate the obstacles that prevent children from going to school and learning.”

Television presenter Raya Abi Rached and British musician Goldie helped with the auction, taking to the microphone to encourage attendees to dig deep for a good cause.

One guest at the event, at the Armani Hotel in the Burj Khalifa, paid US$430,000 (Dh1.58m) for a limited-edition Aston Martin Vanquish. The customised silver car bore the 007 logo on the headrests and had diamond-turned gloss-black wheels.

Another lot was the clapperboard from the film Skyfall, signed by star Daniel Craig, which sold for $27,000.

Hollywood and Bollywood stars were out in force at the event, with actress Naomie Harris, star of Mandela: Long Walk to Freedom, stealing the show in a Monique Lhullier tangerine lace gown. The actress Rooney Mara chose a custom-made Lanvin creation and styled the look with slick-backed hair and dark red lipstick.

Although not present in person, Hollywood star Scarlett Johansson was there in spirit. Her picture was projected on to the screen and a guest successfully bid $55,000 for the opportunity to meet her.

The prize includes a trip for two to the US and a red-carpet experience at the premiere of Johansson’s new movie, Captain America: The Winter Soldier.

“Scarlett has donated this incredible prize because she has travelled with Oxfam and met refugees from other crises herself and always supports this event,” said Mark Ruffalo, her co-star in The Avengers, as he took bids.

“She is a passionate advocate for humanitarian aid and I know she will be hoping that this prize will raise big, big money for vital work with Syrian refugees. So please, please make this a really big one – bid whatever you can for this amazing prize.”

Other lots snapped up during the three-course dinner included a painting, Requiem, by the Iranian artist Abolfazl Lireh, which went for $60,000. Fellow artist Afsaneh Taebi’s acrylic masterpiece was donated by the Farjam Foundation and sold for $35,000.

The highly anticipated donation of a night’s stay at Highclere Castle, the house where the popular television series Downton Abbey is filmed, raised $35,000.

Ticket sales also boosted funds, with guests paying Dh2,000 each to attend the black-tie function held in conjunction with the 10th edition of the festival.

Over the past two years the charity event has raised more than $2m for worthy causes and has been supported by global stars including Colin Firth, Kristin Davis, Amr Waked, Freida Pinto, Ronan Keating and Rahul Bose.

“The money raised will make a real difference in bolstering Oxfam’s response to the deepening crisis in Syria,” said Oxfam’s chief executive, Mark Goldring.

“To date, Oxfam has helped more than 220,000 people and we are continuing to expand our response to meet increasing needs but more vital funds are desperately needed.”

rduane@thenational.ae

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2012-2015

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May 2017

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October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

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November 2025

180 Petrofac employees laid off in the UAE

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Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2

Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers

 

Opening fixtures

Thursday, December 5

6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles

7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers

7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles

7pm, Pitch 5, Bahrain v Dubai Eagles 2

 

Recent winners

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Director: Athale

Rating: 4/5

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Avatar: Fire and Ash

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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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Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

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Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.