They may be far from home, but the UAE's sizeable South Indian community can now celebrate the Onam Festival in true Kerala style.
Organised by the Dubai-based The Country Club, The Middle East's Biggest Onam Festival has Abu Dhabi and Dubai concerts featuring some of the Indian state's leading music and film stars.
Vijay Prakash - who along with AR Rahman was part of the team behind 2008's global smash hit Jai Ho - will pair up with the actress, singer and dancer Meera Nandan in Abu Dhabi's National Theatre tonight before joining the actress and dancer Rima Kallingal at Dubai's World Trade Centre on Saturday.
Already held in India on August 29, Onam is a cultural festival celebrating the homecoming of the legendary Indian emperor Mahabali.
Kallingal explains that it's usually marked with family gatherings.
"It is definitely a huge day for us," she says. "We put flower patterns in our home and we make, like, 14 different kind of dishes. It is a time for us to get together and have a blast."
This is what Prakash hopes when hitting the Dubai stage next week.
A regular performer in the UAE, Prakash says sharing the occasion with thousands of homesick souls is a responsibility he doesn't take lightly.
"For the audience it is truly a special moment," he says. "They connect to the memories of the songs and from the part of India they come from. The songs are a kind of bridge to their home."
The same cannot be said about Jai Ho, however.
The signature song from Slumdog Millionaire, composed by Rahman and featuring Prakash's vocals, was celebrated globally and wracked up awards including an Oscar and a Grammy.
Prakash, a composer in his own right, says no one involved in the song predicted such a reaction.
"Never did we think it would be an international hit," he recalls.
"But even then you can tell the song had a sense of happiness about it. The song talks about victory and it actually went on to win so many awards." But there is something to say about coming second.
Kallingal couldn't come any closer to victory in 2008 than when she lost in a tie-break for the Miss Kerala beauty pageant.
Her competition performance, however, was spotted by some of Malayalam cinema's top directors and Kallingal went on to star in nearly 20 films, including this year's successful revenge thriller 22 Female Kottayam.
Kallingal will exhibit her evocative dance repertoire with a band playing classical songs from Malayalam cinema.
She explains that unlike Bollywood's pop song-heavy approach, soundtracks in Malayalam cinema are moody, and only used to service the script.
"We are more into blues and melody," she states.
"If you look at Tamil, Telegu or Bollywood for that matter, even though they care about melody, there are a lot of fast-paced numbers, which you wouldn't find in Malayalam films.
"Our music is very situational and that is why it stands apart. That is also why I find the lyrics are more meaningful."
It is the chance to gauge such audience reactions that keeps Nandan on the road.
The singer and dancer has toured all across the Gulf, including Dubai, and is excited to make her Abu Dhabi debut.
"Whenever I travel I never feel like I am coming to a different nation," she says. "I see Malayalis everywhere."
Nandan made an immediate impact on South Indian cinema with her 2008 debut Mulla, earning her a South Filmfare Award for best debut actress. The year later she picked up an Annual Malayalam Music Award (AMMA) for best supporting actress in a ceremony held at the Sharjah Cricket Ground.
Nandan says her travels confirm to her that the Malayalam entertainment industry has a spreading influence in the Gulf.
"I've been to Doha, Bahrain and other places, because as an artist it is very important for me to see the audience feedback," she says. "What I find is, first is Bollywood, then it's Tamil and then it's Malayalam, but the scene is going and growing."
Kallingal describes the Abu Dhabi and Dubai performances as a great way to sample Kerala's rich music scene as well as being a homecoming of sorts for the audience.
"They are people who couldn't go to Onam for a long time because they are stuck at work," she says.
"But I feel that what I am doing is that I am taking it with me from Kerala and bringing it here for them."
• The Middle East's Biggest Onam Festival, featuring Vijay Prakash, Rima Kallingal and Meera Nandan, will be held at Abu Dhabi's National Theatre tonight and the Dubai World Trade Centre on Saturday. Free passes to the event can be picked up from either The Country Club's Abu Dhabi or Dubai offices. For office locations and further details visit www.countryclubdubai.ae.
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Global state-owned investor ranking by size
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UAE
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Norway
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Canada
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Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
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Based: Riyadh
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Founded: September, 2020
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Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
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Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
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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
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
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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.”