An elephant at a temple in Sri Lanka. Kandy, the main character in Beggar’s Feast, works at a variety of jobs, including a stint as an elephant tender on a cargo ship. Palani Mohan / Reportage by Getty images
An elephant at a temple in Sri Lanka. Kandy, the main character in Beggar’s Feast, works at a variety of jobs, including a stint as an elephant tender on a cargo ship. Palani Mohan / Reportage by Getty images
An elephant at a temple in Sri Lanka. Kandy, the main character in Beggar’s Feast, works at a variety of jobs, including a stint as an elephant tender on a cargo ship. Palani Mohan / Reportage by Getty images
An elephant at a temple in Sri Lanka. Kandy, the main character in Beggar’s Feast, works at a variety of jobs, including a stint as an elephant tender on a cargo ship. Palani Mohan / Reportage by Gett

Shrugging off truths


  • English
  • Arabic

At the beginning of the 20th century, in the small Ceylon village of Sudugama, a young boy’s fate is decided by ancient traditions and superstitions. His birth chart divines a troubling future: he “would never give when he could take, never serve when he could be served”, in short, he will “ruin” his parents.

Thereafter abandoned at the local temple, he endures three years of abuse at the hands of the monks before, at 13, he strikes out for independence, making his way to the port city of Colombo. He travels as a “blank slate”, reborn and renamed Sam Kandy among the hustle and bustle, emerging fully formed but without family or history, only his future beckoning enticingly in front of him: a life of his own where he will answer to no one; a life of aspiration and achievement; a life in which he will always get his own way.

On these “bright and steamy knife-edge” city streets “you could always find something to eat so long as you had teeth for bones and a taste for marrow”, and Kandy’s teeth are sharp and his taste buds indiscriminate.

As other reviewers have pointed out, Sam Kandy, the hero of Canadian-born Sri Lankan Randy Boyagoda's luminous second novel Beggar's Feast, has been cast from the same mould as Fitzgerald's character Jay Gatsby and Mad Men's Don Draper. Kandy is a papier-mâché creation, each sticky strip of paper a different fiction to the last, he's a man always hiding from the truth: "his answers about birth date and birth hour had moved around like sea-crabs and wall lizards". From the moment he's uprooted from Sudugama, he continues to shrug off subsequent lives with the sinister ease of a snake shedding its skin: "And so he was taken to robes and shaved to skin to begin a new life of desire and suffering, defeat and triumph, from which would come another, and another, and another, and then, at last, after one hundred years of steel and pride, fever and speed, another."

Before long, he finds himself in the bowels of a cargo ship heading for Australia, looking after a troop of elephants being shipped across the ocean, taking the place of a boy trampled to death by one of the beasts in front of Kandy’s eyes on the quayside – yes, the metaphor is as heavy-handed as the animal’s powerful foot, but it works. After leading, then ruthlessly sacrificing a gang of young pickpockets, Kandy inveigles himself into the employ of a wealthy businessman, stepping, quite literally, into the shoes of the man’s deceased son. But this, Kandy soon discovers, doesn’t win him a place in the family, so he forsakes his benefactor, taking to the seas again. By route of the back rooms of the brothels of Singapore, he arrives back in Colombo, where he schemes his way into business as a shipping agent.

There is, however, a method to his conquest – the ultimate goal is Sudugama, the birth-village to which he eventually returns victorious but unrecognisable. Churning up the dust of the country tracks with his motor car, he heads straight for the Walauwa, the manor house of the head of the village, the Ralahami, and asks for the man’s daughter’s hand in marriage. Nothing, it seems, is beyond his conniving grasp, no underhanded means too low for Kandy, no one immune to ending up his victim – the tricks of his trade blackmail, bribery, even murder.

And so, too, just as Gatsby and Draper are nothing without the context of their time and place – Gatsby is the American Jazz Age and Draper is Madison Avenue in the 1960s – Kandy’s backdrop is his country’s often violent road to independence, the story of the nation reflected through the defeats and triumphs of this one man. These men are like shifting sands, permanent but ever-changing; just when you think you know them, they slip through your fingers.

Kandy dominates the book but, even at the end, he remains something of an enigma — a man who retains our sympathy despite the terrible things we’ve seen him do. He’s both instantly recognisable but fiercely unique — a creation of rare talent on Boyagoda’s part and an apt protagonist for a novel of such raw, bright brilliance.

Lucy Scholes writes for a variety of publications including The Independent, The Daily Beast and The Times Literary Supplement.

UAE currency: the story behind the money in your pockets
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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.”

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

CREW
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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.