Some familiar Sesame Street characters will soon be talking Arabic on television screens. Courtesy Iftah Ya Simsim
Some familiar Sesame Street characters will soon be talking Arabic on television screens. Courtesy Iftah Ya Simsim

Talent sought for Arabic Sesame Street



ABU DHABI // Do you have what it takes be a puppeteer for a favourite children’s character, such as Elmo or Cookie Monster?

If so, the producers of Iftah Ya Sim Sim, an Arabic-language version of the long-running children’s TV show Sesame Street, want to hear from you.

Bidaya Media, a subsidiary of the Abu Dhabi media free zone twofour54, is seeking talented Emiratis to complete the cast and crew.

The original Iftah Ya Sim Sim was produced in Kuwait and was broadcast for 11 years until 1990, when the First Gulf War halted filming for good.

The new version will be made at twofour54. It will differ from Sesame Street but feature the same mix of puppets and real actors, and seek to educate through entertainment.

This week a team of 15 Emirati producers and writers has been at the Sesame Street studios in New York for training and development.

“We are at the most exciting stage and we want people to realise that there are doors opening now for people who want to be puppeteers, producers and actors,” said Cairo Arafat, executive producer at Bidaya Media.

“We are looking for people who are artists and have creative ideas, or want to work behind the scenes.”

Ms Arafat said the time spent with the New York team had been invaluable.

“We brought a mixed group of people with us to New York because we wanted to expose the team to the philosophy and culture of what Sesame Street is,” she said.

“We have been looking at it from a global education perspective and how to incorporate those principles into the storylines for children. We have to learn how to take education and make it humorous.”

More workshops are planned in New York as production progresses.

“What we are trying to do is create the capacity for quality programming that Sesame Street is known for, said Robert Knezevic, senior vice president of Sesame Workshop, the non-profit organisation that produces the programme.

“The mission that we set for ourselves was to create something that is as it was to the kids who grew up on it 30 years ago. This is why we are looking for the best of the best talent.”

Mr Knezevic said a major challenge was to make Iftah Ya Sim Sim relevant to Arabian Gulf audiences by looking at culture and history, without deviating from the show’s model.

“This is one big lovefest in creative brainstorming right now,” he said. “Watching the New York talent and the Emirati and GCC talent come together is great to see. Sparks are flying.”

One of the team in New York was the Emirati children’s author, Maitha Al Ali, who has been hired as a writer for the show.

“I was overwhelmed when I was asked to join the creative-writing workshop,” Al Ali said.

“I thought I didn’t have the right skills but I found that I blended in naturally, and it was such a great experience to work with such wonderful writers and to write for Sesame Street.”

Iftah Ya Sim Sim is due to begin broadcasting late next year.

A decision has not been taken as yet as to which of the programme’s famous characters, such as Bert and Ernie, Elmo and Cookie Monster, will make the transition to Iftah Ya Sim Sim.

Announcements on this are planned for early next year.

ksinclair@thenational.ae

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

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Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

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
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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
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million