Cosplayers at Middle East Filom & Comic Con.  Victor Besa for The National
Cosplayers at Middle East Filom & Comic Con. Victor Besa for The National

Middle East Film & Comic Con was the best yet



Following three days of mayhem, with many a Blam! Boff! and Kerpow!, the 2015 Middle East Film and Comic Convention drew to a close on Saturday, April 11 after what was almost certainly the most successful, and definitely the best-attended event to date.

Exact visitor numbers were still unavailable, although estimates suggest more than 30,000 during the three-day festival of films, comics and all-round geekery.

Co-organiser Arafat Ali Khan says: “I still really don’t know where all these people come from – it’s insane. But we’ve already met our targets, so anything else is a bonus.”

Considering this year’s event had expanded into an extra hall at Dubai World Trade Centre’s after last year’s convention attracted about 22,000 eager film and comic fans, not to mention in addition to the well-attended and expanded outdoor stage and food and drink area, that’s quite an achievement.

The celebrity guest list this year was undoubtedly the strongest to date, from Star Trek legend William Shatner to X-Files star Gillian Anderson and Marvel's Agent Carter, Hayly Atwell and many, many more.

The convention could even be credited with challenging stereotypes about the region. We heard from more than one global celebrity that they were a little unsure of what to expect from a convention in the Middle East, only for their jaws to drop on walking onto the stage and being greeted by hordes of screaming fans dressed as their favourite characters.

This was Dubai, though, so things were still a little different at this comic con compared with more-established cousins such as those in San Diego and New York.

Almost every A-lister we spoke to or watched on stage seemed amazed that the audience in the Reel Cinema Lounge, which hosted the panels and question-and-answer session – was sitting in comfy leather seats. Gillian Anderson said: “I think this is the first Comic Con I’ve ever appeared at where the audience aren’t on folding plastic chairs.”

The final day carried on in the same manner as the template that had been set during the previous two days. Somehow, those who had managed to brave day one and two's 30-plus degree heat in a Chewbacca outfit, or dressed as a winterland lord from Game of Thrones, were still there in full costumes, presumably fighting dehydration by now.

Perhaps one of the most touching things we saw on the final day was the popularity of the Superhope stand. Superhope is a charity that aims to assist children with cancer all over the world, in part by helping them to develop their imaginations by creating their own superhero, then dressing them up for a photo shoot. Their stand had wisely employed a DJ pumping out hip-hop and trap, which attracted a huge crowd of dancing furry animals and superheroes, as well as plenty of onlookers who we hope took it on themselves to learn more about the charity (visit www.super-hope.org for more information) while they watched the bizarre scene unfold.

In other fundraising news, Yasser Alizera, the artist on teh new Arab superhero comic Wayl sold several original pages of art and did indeed finish his cover, which we reported on last week, but not in time to sell it at the event which is good news for collectors as you can still buy it by getting in touch through Facebook (www.facebook.com/Wayl.Comic).

There’s no question this year’s event was a success, and I can’t wait to see what new heights the organisers reach next year.

In sci-fi terms, I'm not sure how you top William Shatner headlining your bill. Perhaps Harrison Ford, with his triple-whammy attraction of Star Wars, Indiana Jones and Blade Runner.

Then again, with a new Star Wars (that you may have heard about) due in December, not to mention Avengers: Age of Ultron later this month, a whole new crop of A-listers may be about to be available to the event's booking team next year.

Bring them on.

cnewbould@thenational.ae

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

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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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

Our legal consultants

Name: Hassan Mohsen Elhais

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