Controversy over awards on eve of Dubai International Advertising Festival


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Regional advertising awards are attracting entries based on work that was not properly commissioned by clients, executives claim.

Most reputable advertising awards insist entrants submit evidence that their work was commissioned by a genuine client, and actually appeared in print media, on TV or radio.

Yet some agencies submit work that is designed purely to win awards, rather than to generate business for the advertiser, executives say.

Elie Haber, the managing director of the media planning agency Mindshare in the UAE, claims that many submissions to regional advertising awards are not genuine.

"I'm not sure it's rewarding creativity and excellence. It's about showing muscle," said Mr Haber.

Although advertising-award submissions may meet the entry criteria, he said, many appear only a couple of times in the media.

The benefit of making such entries is that it allows agencies to show off their artistic skills, but in a way that is not directly beneficial to an advertiser. Winning advertising awards helps agencies pick up work from genuine clients, said Mr Haber. "It helps agencies [make] the shortlist when it comes to the pitches."

The issue will be high on the agenda during the Dubai Lynx advertising awards, which are being held this week as part of the Dubai International Advertising Festival.

Two years ago, several Dubai Lynx awards were revoked after it emerged that a number of submissions involved adverts that either were not created for actual clients or did not appear as paid adverts in genuine publications.

The organisers of the event then imposed stricter entry criteria.

Elie Khouri, the chief executive of Omnicom Media Group in the Mena region, said these measures had been largely effective in stopping fake entries. "I think the Lynx organisers and jury have created the right mechanisms to filter this."

However, Mr Khouri added that the fake, or "ghost", entries are still there.

"Ghost work should represent 5 to 10 per cent of the total entries. It's a benign way of demonstrating creativity," he said. "It's OK when it is fantastic work that is producing results … However, it should not be representing the bulk of your work."

Raja Trad, the chief executive at Leo Burnett in the Mena region, said there was now more scrutiny on entries to the Dubai Lynx awards.

"I know the organisers are really looking deeply into all the entries," said Mr Trad. "I hope all the entries … are real work for real clients. It shouldn't be art for the sake of art. It should be art for the sake of communication."

MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

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A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

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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.”

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
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  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."