The Abu Dhabi Film Festival is not only about big names and features, it is also home to the Emirates Film Competition, which gives young students a chance to show their short films to an international audience
The competition
The aim is to find the next generation of regional filmmakers. Launched in 2001, the Emirates Film Competition was one of the earliest film initiatives in the UAE. After early success, in 2008 and 2009 the competition was incorporated into the first two years of the Middle East International Film Festival (which was rebranded as the Abu Dhabi Film Festival in 2010).
This year the competition returns with 40 selected shorts by Gulf-based filmmakers. The entries will compete for the twin prizes of Best Short Documentary and Best Short Narrative Film. Both titles are divided into streams catering for student and adult filmmakers. The winning directors stand to receive handsome cash prizes of Dh30,000 and Dh20,000 for first place in the adults and student streams respectively.
Growing local talent
More than the glitz and glamour of being associated with a global film festival, the Emirates Film Competition head Saleh Karama says the event is about introducing festival-goers to the latest talent from the region.
“This is really what is important to me,” he explains. “The best moments from this competition are seeing some of the international directors and actors walking in to have a look at the competition. That kind of exposure is brilliant and I find they enjoy some of the stories they see on the screen.”
Karama, who was part of the film selection panel, says that this year’s batch of films deals largely with relationships. “A lot of the stories are about how people interact with each other and society in general,” he says. “It reflects to some extent the troubled times we live in.”
Karama knows first-hand the impact this kind of grassroots competition can have on a filmmaker’s career. He won a judges award in the 2003 edition for his short film What’s Left. That achievement enabled him to direct his 2008 debut feature film, Henna, which won a Best Director award at the Middle East International Film Competition later that year.
Cultivating new visions
Karama hopes the Emirates Film Competition will inspire viewers to pick up the camera themselves. “That would be a great achievement for us,” he says. “I urge people who are interested to use the competition as a chance to meet and learn from the filmmakers. Then they should go out and start planning.”
But make sure you plan it well, says Aisha Abdulla, one of the student filmmakers. She says enthusiasm alone is not enough to make a decent short film. “A lot of people who just do a film quickly end up making mistakes and not doing their best work,” she says.
“I say take your time, don’t always worry about competition deadlines. Use as much time as you need to work on the script, find the right crew and equipment and shoot the film. It takes patience but, trust me, it’s worth it.”
The filmmakers
Deena Stevens
Get used to seeing this name on the big screen. The 22-year-old Dubai filmmaker has three films in the student stream, chosen from nearly a dozen shorts produced while she was earning her Visual Communication degree at the American University of Sharjah.
Stevens says she took her filmmaking more seriously after doing well in last November’s 48 Hour Film Project in Dubai. “The people in the competition said I should make more films,” she recalls. “So this year I enrolled in classes at school to really learn more about it.”
With her new knowledge she produced the documentary short Beewun, about a local hip-hop dancer, and two narrative shorts: a musical called Freshman and the drama Love Impaired. “Whatever happens, I am just glad to be part of it all,” she says. “It doesn’t matter whether I win or not, the chance to meet other filmmakers is all worth it.”
Rashid Al Nuaimi
The 21-year-old Dubai student is tipped to do well this year. His Hessa already screened in the Short Film Corner at Cannes this year.
The film is a tribute to Al Nuaimi’s grandmother and her generation of Emiratis. “The story is about learning from history,” he explains. “Youth today have a tendency to forget the accomplishments of the older generations.”
Al Nuaimi says he is proud that his story could reach an international audience. It proves, he says, that good stories can be shared.
“The film is about our culture, but everyone can learn something,” he says. “My grandmother didn’t take life for granted. I wanted to take that story and show these lessons to a new generation.”
Aisha Abdulla
The Emirati filmmaker and student is excited to be on the world stage. The 24-year-old has had four films screened in local and regional competitions, including the Gulf Film Festival. However her Emirates Film Competition submission, the short documentary Against the Wind, is her first time at an international film festival.
“This is definitely a milestone for me,” she says. “This what you aim for and to have an international crowd to see my film is a wonderful feeling.”
Her short follows a female sports photographer and her entry into this male-dominated profession.
Abdulla says the festival will present plenty of networking opportunities. “The chance to spend time with international filmmakers and directors from the Gulf and Middle East is invaluable,” she says.
• The shorts will screen in batches, beginning with the EFC Short Narrative Competition 1 on Friday at 6pm in Marina Mall Vox 3. For more details, visit www.adff.ae
sasaeed@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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• Buy second hand stuff
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• Get a health card and vaccinate your child for free at government health centres
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Daniella Weiss and Nachala
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Harel Libi & Libi Construction and Infrastructure
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Coco’s Farm and Neria’s Farm
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But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
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