American academic Zachary Foster really likes maps. But not just any maps, particularly maps of the Middle East. He has collected them all his life, and has thousands of them.
Foster, who lives in San Francisco, has launched a website to share all of these maps with the wider public – from ancient geographic charts of Syria to a city plan of Beirut from 1909.
Though he is not entirely sure when the genesis of his map fascination can be traced back to, Foster believes it is something he has harboured since he was a child growing up in Detroit.
I think I was so drawn to them because they were both beautiful and informative and apparently I could use them to also tell a story about the past
"Since we were kids, my brother always knew everything about geography," he tells The National.
“He had memorised every country and every capital in the world by age 8. I think I’ve always been trying to play catch up.”
Foster recalls his upbringing being driven by his faith, attending Jewish schools, camps and youth groups. In high school, he travelled to Israel with a youth group, and he studied at the Hebrew University in Jerusalem during his undergraduate degree at the University of Michigan, where he studied political science and sociology.
"That was really an awakening for me, when my Hebrew class was half Palestinian, and I started learning the historian's version of history, rather than the version I was raised with," he says.
"Everything spiralled from there ... I grew more and more interested in not just [Arab-Israeli] history, but the history of the whole region, and I ended up doing a PhD in it."
He completed his doctorate in Near Eastern Studies from Princeton University in New Jersey.
But the collection of of maps only began when Foster started doing "serious historical research", as a graduate student in Arab Studies at Georgetown University in Washington.
"I was so drawn to them because they were both beautiful and informative and apparently I could use them to also tell a story about the past."
Foster's first batch was from a maps dealer in Washington DC; three 19th-century maps of Palestine. He remembers exactly when and where they were purchased: "One Sunday morning in a street fair in Burleith, just north of Georgetown".
That collection ballooned to include thousands, though he does not have an exact count. They are mostly sourced from historic books or old Atlases.
“During my PhD years I would scour old books for maps and scan them. Then, I started buying up old atlases and scanning them.
But when it comes to choosing a favourite, Foster finds it “very difficult”. However, if he was pressed to choose, it is probably an Ottoman map of Palestine from 1915.
“It is a real beauty. So unique as well. The colour profile is rich and saturated. It was also made during such a momentous moment in history – just two years before the Ottoman Empire was to retreat from Palestine, they printed this incredible map. Nothing was ever made quite like that one,” he says.
And perhaps best of all, this is a dynamic collection that he will keep adding to.
Foster is particularly proud of a recent acquisition: an old Ottoman atlas found on a recent trip to Istanbul and purchased for 200 Turkish lira (Dh106). It includes about 50 "beautiful" Ottoman maps, which he has not yet scanned and uploaded – but promises to do so soon.
Making knowledge freely available to the public is also part of Foster's day job as a product manager at Academia.edu, a US networking website for people in academia. The platform hosts about 25 million PDFs of research papers to download for free.
"I'm a huge advocate for sharing resources and making everything free and open and easy to access. Nothing was more enraging when I was a PhD student than not being able to get access to something. So now, I share everything I ever got my hands on."
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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Transmission: 8-speed auto
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England ODI squad
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.
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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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Starring: Siddhant Chaturvedi, Triptii Dimri
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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