During the early hours of June 24, 2013, Raphael’s Son, a flashy, corrupt and much-hated Iranian émigré businessman, is murdered while sitting in his Aston Martin, just outside the gates of his $52- million, eight-bedroom mansion in one of the smartest neighbourhoods of Los Angeles.
Or maybe he isn’t.
Thus begins The Luminous Heart of Jonah S [Amazon.com; Amazon.co.uk], the newest novel by the award-winning Iranian-American author Gina Nahai. It's a sprawling and unlikely combination of Dickens, Gabriel García Márquez and Raymond Chandler, sweeping in the super-rich and the struggles of both Tehran and Los Angeles.
Thanks to an easy-to-read style and a page-turning plot, this odd concoction mostly works. There are also some fascinating cultural comparisons of Americans and Iranians and a bittersweet look back at pre-revolutionary Iran.
In one typical cross-cultural explanation, Nahai describes the Iranian concept of aabehroo: “It means making sure you do everything in compliance with society’s idea of what is right, that you live honourably and protect the sanctity of your family’s name and reputation … [But in the US] this land of perpetual hope and endless good fortune … there’s no awareness, perhaps no need, nor would there be any tolerance, of that kind of sacrifice.”
Unfortunately, Nahai goes on to repeat those thoughts for 13 more sentences and that’s typical of her biggest problem: the book desperately needs to prune its 400 pages by one-third.
Flashing back to 1950, Jonah S traces the generations of the Soleymans, a Jewish-Iranian family who built a fortune as fabric merchants. However, the heir, Raphael, is riddled with "insidious" intestinal worms that defy all medical treatments. Not only does he sleepwalk, but also at night "his heart glowed a pulsating blue-white colour that exposed all its veins and arteries".
An older woman from “a family of palm readers and sorcerers and harem maids” emerges from nowhere to (depending on one’s viewpoint) care for Raphael or trap him into marriage. In any case, five years after Raphael dies and his younger brother, Aaron, evicts her, the woman known as either Raphael’s Wife or the Black B**** of Bushehr returns to Tehran with a boy that she claims is Raphael’s child.
No one believes her claims of marriage or of Raphael siring an heir, least of all the Soleymans. So, for the next 45 years, Raphael’s Wife and her son will unceasingly curse and seek revenge on the family, even as the Iranian Revolution does its own job of depriving them of home and wealth. When Raphael’s Wife lets loose her widow’s sigh – “a black wind that blew from the darkest corners of the universe to punish those who broke a widow’s heart” – a flood ravages the Soleymans’ property, and a jealous husband murders Aaron.
Eventually, the surviving Soleymans – Aaron’s widow Elizabeth and their daughter Angela – as well as Raphael’s Son join the bustling Iranian émigré community in Los Angeles. There, Raphael’s Son (as he is always called) will make so many enemies, through extortion and a Ponzi scheme that collapses during the Great Recession, that almost the entire city population are suspects in what may be his murder.
One of the novel’s strengths as well as weaknesses is its rich but overflowing universe of characters. There’s Elizabeth’s childhood friend, Hussein, obsessed with his invention of a heat-detecting radar; and John Vain, the overly generous, cowboy-booted restaurateur who falls in love with Elizabeth; and Jimmy Lorecchio, the “half-bald, grossly overweight, never-learnt-how-to-button-up-his-pants” union boss; and Manzel, the mute and devoted servant whom Elizabeth teaches to read; and Mojtaba, her son, who avidly joins the revolution and... . Within just the first 36 pages, 11 characters come and go with either detailed physical descriptions or back stories, or both.
Luckily, the characters are engrossing and the book rarely flags until the unnecessary final chapter, which is basically a long explanation of what has already been implied.
Nahai – a finalist for the prestigious Orange Prize – clearly knows her émigré setting in all its gradations. While she has fun slathering on elite-brand names and luxurious descriptions, she is also sympathetic to the struggles of people like Dr Raiis, who had been a lauded doctor in Tehran but now is reduced to “stacking boxes of fresh coriander and fenugreek” in a tiny California grocery store.
At one point, an American woman compliments Elizabeth’s expensive watch, a gift from Aaron. Elizabeth responds as Iranian mores demand, saying: “It’s not worthy of your excellence”, and offering the watch to the American. But the woman, not realising that she is supposed to refuse the purported gift, greedily takes the watch.
With just those eight paragraphs, Nahai says more about Iranians and Americans than in dozens of the book’s other pages.
Fran Hawthorne is a US-based author and journalist who specialises in covering business, finance and social policy.
thereview@thenational.ae
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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.”
MAIN CARD
Bantamweight 56.4kg
Abrorbek Madiminbekov v Mehdi El Jamari
Super heavyweight 94 kg
Adnan Mohammad v Mohammed Ajaraam
Lightweight 60kg
Zakaria Eljamari v Faridoon Alik Zai
Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni
Light welterweight 64.5kg
Siyovush Gulmamadov v Nouredine Samir
Light heavyweight 81.4kg
Ilyass Habibali v Haroun Baka
Stats at a glance:
Cost: 1.05 billion pounds (Dh 4.8 billion)
Number in service: 6
Complement 191 (space for up to 285)
Top speed: over 32 knots
Range: Over 7,000 nautical miles
Length 152.4 m
Displacement: 8,700 tonnes
Beam: 21.2 m
Draught: 7.4 m
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Ads on social media can 'normalise' drugs
A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.
The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.
Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.
Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less