This is a big week for Star Wars fans, as the toys, models and figures that tie in to Episode VII: The Force Awakens arrive in shops around the world – but sadly not yet in the UAE. We investigate why ‘Force Friday’ is such a big deal.
A long time ago, in a galaxy far, far away — well, in Cincinnati, Ohio in 1976 — a relatively small toy company took a gamble on securing a license to produce tie-in toys for an upcoming film that was by no means a guaranteed smash hit.
Twelve months later, Kenner Toys was having to tell devastated children that they wouldn't be getting their Luke Skywalker action figures for Christmas because it could not meet the phenomenal demand for all things Star Wars-related.
But you could have, ahem, a special certificate that guaranteed Kenner would send you a 10cm-high plastic R2-D2 or Chewbacca when it had made enough.
Nearly 40 years and hundreds of millions of Star Wars-branded action figures and toys later, it's safe to say that Hasbro — which bought Kenner in 1991 — are not likely to underestimate the overwhelming clamour for tie-in toys and figurines for the long-awaited sequel, Star Wars Episode VII: The Force Awakens, which was partly filmed in Abu Dhabi last year.
This is not least because even in 2013, without the benefit of the hype surrounding the release of a new film, Star Wars products generated a staggering US$2.2bn (Dh8bn) in retail sales — and it is estimated that more than half of the buyers were adults. Toys are big business and anything but child's play.
In fact, the unveiling of the countless varieties of customisable lightsabers, Nerf guns, action figures, space vehicles and, yes, Chewbacca Furbies that tie in with the new film is arguably almost as much of an event as the premiere of the movie itself in December.
They even get their own special release day on Friday, with some stores opening at midnight — complete with the now-obligatory hashtag: #forcefriday.
And, just in case we have somehow missed the news, we are also invited to "join the epic global event" that is the Star Wars "live unboxing" the day before.
So what can we expect from the new ranges of The Force Awakens toys? Some American websites have published pages from the Hasbro catalogue and they contain plenty of new characters we've seen in the trailers, lovingly recreated in 10cm, plastic form, including John Boyega's rogue Stormtrooper Finn and Gwendoline Christie's villainous Captain Phasma. Old favourites are in there, too, including golden droid C-3PO, who now has a red arm.
Elsewhere, the X-Wing fighter craft from the original movies — which fortysomethings who still have the originals they were given as children are now delighted to find sell for big money on eBay (although who, honestly, still has the box it came in, which is what you need to get the really big bucks?) – have been redesigned, as have the TIE fighters piloted by those who followed the path to the Dark Side with Darth Vader.
Back in the day, lightsabers were the must-have toy for anyone with designs on being a Jedi — or Sith lord — when they grew up and now there is a whole range of customisable glowing swords, while the new Stormtrooper masks look incredibly cool.
Then there's the Lego Star Wars range. The Danish plastic building-brick company undoubtedly gave Star Wars a new lease of life when it began producing its own unique take on the franchise in 1999 — and what is interesting is that its new packs reveal two new characters that have not yet been announced anywhere else.
And that’s another important aspect to Force Friday — while it will excite collectors and fans, it also offers new clues and subtle hints about the direction of the film. Not plot spoilers, perhaps, but the black X-Wing in the catalogue, for example, is seen against the backdrop of a hitherto undiscussed ice planet. The football-like BB-8 droid, meanwhile, comes packaged with odd aliens of mysterious provenance.
It’s all very exciting. You might have to use The Force to get to the front of the queue at the shop before everyone else, however, or if you are in the UAE, order online.
Unboxing is an epic global event
Force Friday might be the subject of the hashtag, but it is the previous day that is likely to grab all the headlines.
Tomorrow, Star Wars fans around the world will get their first proper look at Episode VII: The Force Awakens toys and merchandise, as they are taken out of their boxes, examined and talked about online by a range of experts, fans and guests.
For 18 hours, each of the 15 cities around the world that Disney and Hasbro have chosen to livestream unboxing events from will reveal a new product line.
The excitement starts with Sydney in Australia at 7.45am (1.45am UAE time), before moving through Japan, Korea and China and landing in London at a much more palatable 2.30pm UAE time (11.30am GMT). The stream finishes with a suitably Star Wars-esque fanfare at 8am in San Francisco (7pm UAE time), by which point Star Wars fans will be as excited as an Ewok after the Battle of Endor.
Hosted by the Star Wars YouTube channel, the concept of toy "unboxing" – in which fans film themselves opening up prized new possessions for the first time and share their initial impressions – might seem odd, to the uninitiated.
But consider this: 18 of the top 100 YouTube channels are dedicated to unboxing, accounting for a staggering 8.1 billion views in the first three months of this year alone.
No wonder tomorrow’s Star Wars Unboxing is being called an epic global event.
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Name: Kumulus Water
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(Aston Villa advance 1-0 on aggregate)
Fulham 2
Sessegnon (47'), Odoi (66')
Derby County 0
(Fulham advance 2-1 on aggregate)
Final
Saturday, May 26, Wembley. Kick off 8pm (UAE)
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Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
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Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
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Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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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What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
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Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
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