Shattered: Inside Hillary Clinton’s Doomed Campaign by Jonathan Allen and Amie Parnes. Courtesy Penguin Random House
Shattered: Inside Hillary Clinton’s Doomed Campaign by Jonathan Allen and Amie Parnes. Courtesy Penguin Random House
Shattered: Inside Hillary Clinton’s Doomed Campaign by Jonathan Allen and Amie Parnes. Courtesy Penguin Random House
Shattered: Inside Hillary Clinton’s Doomed Campaign by Jonathan Allen and Amie Parnes. Courtesy Penguin Random House

My favourite reads: Cody Combs


Cody Combs
  • English
  • Arabic

As a social media journalist for The National, it's my job to try and keep an interest in a wide variety of topics, so in hindsight it's no surprise that my list of favourite reads is relatively diverse. Some of the books will never be knocked off my list, while others are currently in the top rotation and may not withstand the test of time.

Steve Jobs and the Next Big Thing by Randall E Stross (1993)

I’ve always had an affinity for the history of the tech industry, so this book fit like a glove. By now almost everyone knows about former Apple CEO Steve Jobs and how he turned around the company he co-founded after being ousted in 1985. However, this book takes a close look at Jobs’ endeavour after his dismissal from Apple when he founded NeXT Computer. Don’t let the 1993 publishing date fool you. It’s a nice forgotten treasure.

A Fire In Their Hearts: Yiddish Socialists in New York by Tony Michels (2005)

I picked this up before a long bus ride to New York. It's a rare look inside a very underreported movement in US history. A Fire In Their Hearts explains how the Jewish working class and German Socialists created one of the most progressive political movements in the US during the early 1900s. It also explains how a lot of the ideas from the movement remain relevant in US policy.

Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou (2018)

I closely followed the developments of Theranos ever since the company’s former CEO graced the cover of countless magazines. Theranos hoped to revolutionize the blood testing industry, and its key product seemed too good to be true. Well, it was -- and this book follows how the company fooled investors across the US until one reporter followed up on a tip that helped send the start-up careening toward reality.

Shattered: Inside Hillary Clinton’s Doomed Campaign by Jonathan Allen and Amie Parnes (2018)

The shock of the 2018 US Presidential election was still reverberating when I read this book. Although the title is a bit sensationalized, the content is not. The authors had unprecedented access to Hillary Clinton’s Presidential campaign. It goes into great detail about the constant consternations the campaign faced and how it tried to deal with a candidate who was anything but conventional, Donald Trump. It’s a must-read to see how Clinton’s once seemingly inevitable candidacy was de-railed.

The Cay by Theodore Taylor (1969)

I was assigned to read this book in elementary school. It’s about a boy who gets stranded on an island after losing his eyesight and later confronts his own learned bigotry when his life depends on another man who his stranded with him. It’s a timeless tale that teaches a lesson to readers of all ages. If I were stranded on an island, I’d take this book.

Cody Combs is a social media journalist for The National

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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.”

WE%20NO%20LONGER%20PREFER%20MOUNTAINS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Inas%20Halabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENijmeh%20Hamdan%2C%20Kamal%20Kayouf%2C%20Sheikh%20Najib%20Alou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5

Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory