Jumaa Ibrahim Al Zaabi, left, and Ahmed Ibrahim in Going to Heaven. Image Nation Abu Dhabi
Jumaa Ibrahim Al Zaabi, left, and Ahmed Ibrahim in Going to Heaven. Image Nation Abu Dhabi

GCC Film Festival returns to Abu Dhabi with a focus on the region



Some much-missed film festival glamour returns to Abu Dhabi today, when a host of Arab film and TV stars will walk the red carpet at the opening of the GCC Film Festival.

Celebrities who will attend include Bahraini TV actress Haifa Hussein and her husband Habib Ghuloom Al Attar – who also leads the festival team, Kuwaiti comedian Tariq Al Ali, Bahraini actress Zahra Arafat, and Emirati actors Ahmad Al Jassimi and Jaber Naghmoosh.

This is the festival’s third edition and the first time it has been hosted by the UAE. It follows the inaugural edition in Doha in 2012, and a second in Kuwait the following year

It aims to showcase a selection of the best films made in the six-member countries of the Gulf Cooperation Council – the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia – in the three years since the last edition.

From today until Wednesday, there will be free screenings of 27 short and feature-length films, a mix of fiction and documentaries, at Novo Cinemas in Abu Dhabi Mall. Here is the lowdown on the five Emirati films that will be shown.

The Road

Emirati filmmaker Abdullah Al Junaibi's 2013 movie The Road kicks off the festival – organised by the Ministry of Culture and Knowledge Development – at 8.30pm tonight. The 35-minute film won awards at the Dubai International Film Festival and the Gulf Film Festival.

“Its about three boys who lose their path in life,” says Al Junaibi, who wrote, directed and starred in the film. “It poses the question: What if we choose the wrong path in life – what happens to us?

“It’s a great film, which reflects the high quality of movies being made in the UAE.”

Al Jumaibi chose a cast of first-time actors to star alongside him in the film.

“I taught them how to act and it worked out well,” he says. “I believe in making short films as an opportunity to teach and learn from beginners.”

Going to Heaven

This acclaimed feature film, by director Saeed Salmeen, screens at 4pm tomorrow. The movie, which won the Muhr Award at last year’s Dubai International Film festival, is about a young boy who flees from an abusive stepmum and goes on a road trip from Abu Dhabi to Fujairah with a friend, in search of his estranged grandmother.

The film's Emirati producer, Amer Salmeen Al Murry, says that the GCC festival marks a homecoming for Going to Heaven, after doing the rounds on the international festival circuit, where it scooped awards in Egypt, Portugal and Sweden.

“Our movie stays true to the culture of the UAE,” he says. “But at the same time, the theme – of kids going on an adventure to find a long-lost relative – is international. I think anyone can relate to it.”

Nearby Sky

A feature-length documentary from 2013 by Emirati director Nujoom Al Ghanem, Nearby Sky tells the story of Fatma Al Hameli, the first female Emirati camel owner to attend the UAE's camel beauty contests. You can catch it on Tuesday.

Al Ghanem is already a GCC Film Festival favourite, having won the award for best documentary feature at the last edition with her film Amal.

She spent two years filming Al Hameli and became a respected friend in the process.

“As a woman, for her persistence and her fight to be independent, she is a role model for many women,” says Al Ghanem. “For me, I enjoyed delving into her personal stories and challenges.

“Camel beauty contests are a very conservative field, and to be there as a woman among this sea of men was quite interesting and difficult.”

Also showing

Royal Love: A love story about two students, directed by Jamal Salem. It is screening on Tuesday.

A Tale of Water, Palm Trees and Family: A documentary feature by poet, novelist and journalist Naser Al Zahri about the people who toiled in the deserts of the UAE in the past. You can see it on Wednesday.

Insider views

Film festivals in the UAE have suffered in recent years.

The Gulf Film Festival, held in Dubai, was put on indefinite hiatus in 2014, and the curtains closed on the Abu Dhabi Film Festival for good last year. This year, the Sanad Abu Dhabi Film Fund – which offered US$500,000 (Dh1.8million) for film development – was shut down, as was the New York Film Academy Abu Dhabi.

Local filmmakers are therefore glad to see the revival of the GCC Film Festival.

“Having another festival in Abu Dhabi will definitely encourage young and upcoming filmmakers, whether they’re Emirati or just based in the UAE, to move forward and make more films,” says Abu Dhabi-based filmmaker Ahmed Lotfy, producer of the Emirati feature film Abdullah.

“Any addition to what has already been subtracted is really going to be positive, to further nurture filmmaking in Abu Dhabi. We currently have a film movement here in the UAE and we would love to turn that into a film industry – but that will take time.”

Mustafa Abbas, the Emirati director of Sunset State (2013) and Saraab (2015), says: "The festival goes to show the passion and importance of filmmaking in the Emirates. It's sending out a statement."

• Visit www.novocinemas.com for the full list of movies and screening times

artslife@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.”

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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

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Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

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