Best-selling British author Jeffrey Archer and House of Cards screenwriter Andrew Davies are two of the top names heading to Dubai for next year's Emirates Airline Festival of Literature.
From March 3 to 11, more than 140 guests, including authors, poets, publishers, agents, editors, screenwriters, photographers, filmmakers and journalists will take part in panel discussions revolving around the festival theme of Journeys, at the InterContinental hotel in Dubai Festival City.
International draws
As has become the norm, the festival is able to attract the elite of the literary world to the UAE, and that trend certainly holds true this year.
Internationally renowned author Archer – a former British MP and the Right Honourable Lord Archer of Weston-Super-Mare – returns after taking part in the festival in 2013, when he also attended the Sharjah International Book Fair. Archer holds the distinction of being the only author to top the best-selling charts in three categories: fiction, non-fiction and short stories.
Lovers of the Netflix TV series House of Cards can rejoice in the inclusion of Davies, who will discuss the hit American drama and his original 1990 British TV adaptation. Davies will also shed light on his other successful projects, including reworking literary classics for television such as the 1995 version of Pride and Prejudice starring Colin Firth, 1998's Vanity Fair and 2008's Sense and Sensibility.
Fans of crime thrillers can look forward to hearing award-winning author Kathy Reichs. The American writer, also a forensic anthropologist, is responsible for 19 novels inspired by her work. Reichs is producer for Bones, the popular American television crime drama that will wrap up with a 12th and final season early next year.
Regional bigwigs
Renowned Palestinian writer Mourid Barghouti is no stranger to the festival. The 72-year-old, considered one of the Arab world's most celebrated authors, has attended twice before, as both novelist and poet. History buffs will be delighted to hear that Sudanese author Leila Aboulela is a guest of the festival. Choosing to write in English, Aboulela's five novels, which include Minaret, The Translator and The Kindness of Enemies, have been translated into 14 languages.
Algerian writer Mohammed Moulessehoul, better known by his pen name Yasmina Khadra, is also on his way. Previously an officer in the Algerian army, the author was forced to adopt his wife's name as a pseudonym to avoid censorship and did not reveal his identity until 2001, after publishing six novels. He has since written another 10, including award-winning works such as The Swallows of Kabul and The Sirens of Baghdad.
Local talent
Dr Sheikh Abdulaziz Al Nuaimi, better known as the “Green Sheikh” of Ajman for his work raising awareness of environmental issues, is another eminent guest of the festival. A member of Ajman’s royal family, Sheikh Abdulaziz is an environmental campaigner as well as author of four books and numerous articles on protecting natural resources.
Sultan Sooud Al Qassemi returns to the festival. The UAE-based columnist, whose articles have been published in The National, is a prominent commentator on Arab affairs, an influential figure on social media and a patron of the arts as founder of Barjeel Art Foundation.
Emirati writer, columnist and winner of this year's Emirates Novel Award for Guard of the Sun, Eman Yousef will also be attending.
Special events
New initiatives mixed with old favourites also make their way into the festival. Gulf historian Frauke Heard-Bey will launch her book Abu Dhabi the United Arab Emirates and the Gulf Region: Fifty Years of Transformation. Nadiya Hussain, winner of last year's BBC television show The Great British Bake Off, will also make an appearance. She'll talk about her trailblazing experience as a British Muslim on the culinary talent contest and discuss her new book, Nadiya's Kitchen.
The festival will also host a three-day intensive writing course, with lectures from literary agents, editors and authors such as Patrick Gale and Sue Moorcroft.
Poetry lovers are in for treat with the return of the popular Desert Stanzas. Held among the dunes of the Dubai desert, the event will feature celebrated poets, including Barghouti and Jamaica’s Kei Miller, who will join Emirati Zainab Al Blooshi to give readings of their work.
• The Emirates Airline Festival of Literature is from March 3 to 11 at InterContinental, Dubai Festival City. Tickets will be available online at www.emirateslitfest.com Main programme tickets from Dh40
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
Company Profile
Founders: Tamara Hachem and Yazid Erman
Based: Dubai
Launched: September 2019
Sector: health technology
Stage: seed
Investors: Oman Technology Fund, angel investor and grants from Sharjah's Sheraa and Ma'an Abu Dhabi
Dunbar
Edward St Aubyn
Hogarth
MATCH INFO
Inter Milan 2 (Vecino 65', Barella 83')
Verona 1 (Verre 19' pen)
UAE currency: the story behind the money in your pockets
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
GCC-UK%20Growth
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GROUP RESULTS
Group A
Results
Ireland beat UAE by 226 runs
West Indies beat Netherlands by 54 runs
Group B
Results
Zimbabwe tied with Scotland
Nepal beat Hong Kong by five wickets
Sunday's games
All times UAE:
Tottenham Hotspur v Crystal Palace, 4pm
Manchester City v Arsenal, 6.15pm
Everton v Watford, 8.30pm
Chelsea v Manchester United, 8.30pm
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.”
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
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Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
FA Cup fifth round draw
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
THE SPECS
GMC Sierra Denali 1500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp
Torque: 623Nm
Price: Dh232,500
Global state-owned investor ranking by size
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UAE
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Japan
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Norway
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Canada
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Singapore
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The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
The Written World: How Literature Shaped History
Martin Puchner
Granta
ASSASSIN'S%20CREED%20MIRAGE
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5