Three years ago, when the Australian playwright Alex Broun visited Dubai to set up a theatre festival that would be managed wholly by resident-artists, it wasn’t so easy to get support.
Back then, big international productions were the order of the day at the few 2,000-seat venues in the city.
Launching a Dubai edition of the well-established international short-plays festival Short+Sweet, which began in Sydney in 2002, proved to be a challenge for the writer, who is known as the “Shakespeare of short plays”, much more so than he had anticipated.
“Many times it looked like the whole thing would fall over,” says Broun, who was making short trips to the Emirates at the time to teach theatre courses.
“The cost of theatres was very high and the government fees to start something like this were weighing us down.”
Eventually, his hard work hustling to attract sponsors paid off and Short+Sweet found a place in the fledgling local performing arts scene, with the inaugural event in 2013. It has become an annual event, with the third edition successfully staged in February this year.
But even as the sector has expanded and theatregoers are attracted to intimate, locally-produced content, the growth of small theatre groups and independent productions continues to be limited by several factors, including a lack of donors, the cost of government licensing and venue hire, and the lack of acceptance of theatre as a legitimate profession.
Yet Broun believes the country’s emphasis on its identity, while maintaining a multicultural environment, opens up great opportunities to create original shows unlike those in any other country.
He moved to the UAE in November last year to become the artistic director of Constellation Dubai, a company that creates shows and runs the Dubai Playwrights' Studio.
“In the arts, you have to go where your skills are needed,” says Broun, who has written more than 100 10-minute plays, which have been performed in more than 40 countries.
“In Australia, the market is flooded with many talented actors, writers and directors, but performing arts still works on the fringes and most of it is run by professional companies. It is a tough market and well catered for. Whereas in Dubai, there is a tremendous need for the particular skill that I have.”
Broun’s vision is designed around that of English theatre and film director Peter Brook, who promoted the idea of “interculturalism”, where actors from different cultures make theatre for the community.
“If there is one place to create a cultural understanding, it is the UAE,” says Broun. “And approaching the Expo 2020 we certainly want to create a style of theatre that is indigenous to this place.
“There is very little work in film or theatre where the Arabic work is translated into English and vice versa. The Middle East is the hot spot of the world and we can create more cultural understanding between the Arabic world and western world through the arts.”
That ambition can only take flight in an environment conducive to supporting theatre groups working on a shoestring budget. But the government and venue fees, and getting permissions, are daunting.
“There are certain checks and balances by Dubai Culture and Dubai Tourism, that understandably need to be there to weed out illegitimate operations, but they can hurt the progress of small, honest theatre companies.”
What hurts most start-ups and amateur theatre groups are the daily fees for hiring a space such as Ductac or Madinat Theatre, which can start from Dh800, in addition to a 10 per cent performance fee.
“If there was a way that locally based companies and events that enrich the culture of Dubai could be given a waiver of those fees, that would be helpful,” says Broun.
He says there also needs to be an initiative to set up more theatres for rehearsals, workshops and cost-efficient productions, much like Courtyard Playhouse in Al Quoz. Al Serkal Avenue has announced plans to set up The Junction, a space for performing arts in the industrial area.
Broun has a clear idea of how he wants performing arts to develop, beginning with recognition of theatre as a profession supported by a national theatre company.
“Right now, you cannot have an actor, writer or director visa,” he says. “It would be wonderful if we can have a professional theatre company in Dubai where actors are paid and we start producing local bilingual plays. It would be a company where shows would be translated and would have a strong Emirati tradition. We would create shows from scratch and tour them around the world.
“It’s not about building another building but funding a company of 15-20 people to create modern western theatre in fusion with Emirati stories.
“We have the Dubai International Film Festival for film, the Literature festival for writing, Sikka for art. It’s a matter of theatre establishing that place and the Government getting excited about it.”
aahmed@thenational.ae
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Company%20Profile
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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.”
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
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KILLING OF QASSEM SULEIMANI
Kamindu Mendis bio
Full name: Pasqual Handi Kamindu Dilanka Mendis
Born: September 30, 1998
Age: 20 years and 26 days
Nationality: Sri Lankan
Major teams Sri Lanka's Under 19 team
Batting style: Left-hander
Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
MATCH INFO
Europa League final
Marseille 0
Atletico Madrid 3
Greizmann (21', 49'), Gabi (89')
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
ENGLAND WORLD CUP SQUAD
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jos Buttler (wicketkeeper), Tom Curran, Joe Denly, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood
UAE currency: the story behind the money in your pockets
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Company%20profile
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Need to know
The flights: Flydubai flies from Dubai to Kilimanjaro airport via Dar es Salaam from Dh1,619 return including taxes. The trip takes 8 hours.
The trek: Make sure that whatever tour company you select to climb Kilimanjaro, that it is a reputable one. The way to climb successfully would be with experienced guides and porters, from a company committed to quality, safety and an ethical approach to the mountain and its staff. Sonia Nazareth booked a VIP package through Safari Africa. The tour works out to $4,775 (Dh17,538) per person, based on a 4-person booking scheme, for 9 nights on the mountain (including one night before and after the trek at Arusha). The price includes all meals, a head guide, an assistant guide for every 2 trekkers, porters to carry the luggage, a cook and kitchen staff, a dining and mess tent, a sleeping tent set up for 2 persons, a chemical toilet and park entrance fees. The tiny ration of heated water provided for our bath in our makeshift private bathroom stall was the greatest luxury. A standard package, also based on a 4-person booking, works out to $3,050 (Dh11,202) per person.
When to go: You can climb Kili at any time of year, but the best months to ascend are January-February and September-October. Also good are July and August, if you’re tolerant of the colder weather that winter brings.
Do not underestimate the importance of kit. Even if you’re travelling at a relatively pleasant time, be geared up for the cold and the rain.
THE%20STRANGERS'%20CASE
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Teri%20Baaton%20Mein%20Aisa%20Uljha%20Jiya
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SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now