Sonja Allen says her business Big Fish Entertainment, which she set up in 2018, was taking off until the pandemic hit. Pawan Singh / The National
Sonja Allen says her business Big Fish Entertainment, which she set up in 2018, was taking off until the pandemic hit. Pawan Singh / The National
Sonja Allen says her business Big Fish Entertainment, which she set up in 2018, was taking off until the pandemic hit. Pawan Singh / The National
Sonja Allen says her business Big Fish Entertainment, which she set up in 2018, was taking off until the pandemic hit. Pawan Singh / The National

Money & Me: 'We're not going out and we're not spending'


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Sonja Allen founded Dubai-based live comedy and events company Big Fish Entertainments in 2018. The second youngest of nine children, including seven older brothers, she was a professional dancer in the UK, Japan and on cruise ships until an ankle injury forced a career change into publishing. A family tragedy then led her to become a professional comedian in 1998. Five years ago, Ms Allen, 49, moved to Dubai when her husband David landed an air-traffic controller role. They live in Arabian Ranches with their two sons, aged 9 and 10.

How did your upbringing shape your attitude towards money?

We lived in a four bedroom council house, 11 of us. Dad was in the merchant navy. It was tough with a lot of mouths to feed. We didn’t have a lot of money. I remember going to school once and mum had cut the toes out of my shoes because they couldn’t afford another pair.

Mum and dad went into the pub trade when I was about 13 and the older ones had fled the nest. Fortunes improved and my younger brother and I benefited, but mum and dad instilled the value of money. We were never given pocket money – we had to earn it. When I got my first car, dad made me save and he paid for insurance. He never told me he was going to do that – he wanted to see if I would save.

Everyone says I'll never be a millionaire because I'm too generous.

How much were you paid in your first job?

Every day, we used to do the ‘bottling up’, getting empty bottles into the crates and then filling the [pub] shelves. We were paid £5 (Dh23) a week.

My first adult job was as a holiday camp dancer in Blackpool in the late ‘80s. I was 16, doing shows and calling bingo, for £56 a week. I went from there to Japan as a dancer and used to send money home every month, that’s where I started thinking ‘I like this saving lark’. If I didn’t have it there, I wouldn’t spend it.

How did you become a professional comedian?

My brother Michael was a comedian, just breaking into the big time, being looked at to host TV shows and I used to do writing for him. Then in 1995 he died of a massive heart attack, only 34 years old. It was devastating. I left my job, sold the house, bought a PA system and went out and did showcases – I knew two gags and three songs.

Was it tough to make a living?

It takes a while to get going. I was terrible at first; I’d do a gig and after 20 minutes they’d go ‘you’re no good, there’s your money, go home’ … any comedian will have stories like that. That taught me to never stop listening or learning and ‘don’t chase the stardom, chase the work’. As long as you’re working on a regular basis, you’re a good comic. I was working six/seven nights a week, earning a very good living.

When I could regularly pay my bills was a huge milestone. I would hate to go back to worrying how I’m going to pay for something, where you can’t sleep because you don’t know where your next gig’s coming from.

How did Big Fish Entertainments happen?

I went with friends to watch a Dubai comedy show. They set me up, got me up out of the audience without warning. I hadn’t been on stage for four years, but did about 20 minutes and started getting my mojo back.

Big Fish was born in November 2018. It’s tough to start anything, whatever the business. You’ve got your flights [to buy for visiting acts], permits, accommodation, marketing, fees, staging, lighting. There’s risk. Last year we lost on a few shows but we expected to in our first year because that’s when you learn. It’s about building a reputation.

Has the pandemic affected you?

Massively. We were off and running in January, then could hear what was happening with Covid-19. We were proactive and chose early on to postpone [shows] – we could see where it was going. Everything from September onwards is staying in place for now.

We’d started building momentum, followers, regular ticket purchasers and needed to stay connected to our audience, so we created on our Facebook and Instagram page exclusive recordings from comedians that go out every Saturday, free of charge. We’ve built a cushion into our plan – it’s not huge, but it will keep the ball rolling.

At home, because we’re not going out we’re not spending, although the shopping spend and AC bill has gone through the roof.

Are you a saver or a spender?

I’m a spender and a saver. Everyone says I’ll never be a millionaire because I’m too generous. But I do save. It’s in the back of my mind, ‘you never know when you’re going to need it’. It’s not a huge amount, but it’s coming in handy now and does set in motion a mindset to continue to save even when we come out of this pandemic, if not more so, because you never know what’s around the corner.

From a professional point of view I don’t scrimp – I want shows to look and sound good, but will always look for the cheapest flight, try to cut down on fees. There’s a balancing act to be done. If I don’t have to spend it, I won’t.

Ms Allen is of 11 children and said the family did not have much money when she was growing up. Pawan Singh / The National
Ms Allen is of 11 children and said the family did not have much money when she was growing up. Pawan Singh / The National

Where do you save?

Savings accounts and we’ve got UK pensions. I don’t think I’d put money into a high interest account I can’t touch for five years at the moment and I’m glad we didn’t go locking away our money. We also put money into bricks and mortar. We have property in the UK, our four-bedroom family home that we rent out.

What is your most cherished purchase?

The Peavey mixer amp I first bought [to do shows] 22 years ago. Half the knobs are missing, but I didn’t want to get rid of it. It was a lot of money then, about £1,200.

A Renault Laguna was my worst purchase, in 1998, for £8,500. It cost me more to keep it going than to buy. I was going to do three UK shows one weekend and the cam belt snapped. It cost £3,500 to get it back on the road and I lost the gig fee.

What are you happiest spending on?

Family time. Before all this happened, every three months we’d do a little staycation, just go and stay in a hotel in Abu Dhabi or Ras al Khaimah. We have a proper little holiday when we’re there.

If I’ve learnt anything from the experience with my brother it's that life’s for living. As long as I can pay the school fees, go on a decent holiday and we’re comfortable, that’s good.

Do you plan for the future?

Hopefully, we’re here for the next 15-20 years, at least until the boys have done their schooling. Our plan is to purchase more property, ideally one overseas. In terms of retirement, we want to go between a property in the UK and somewhere else in winter. And as long as I’m still enjoying comedy, I will continue to do it.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Expert input

If you had all the money in the world, what’s the one sneaker you would buy or create?

“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett

“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche

“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox

“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite

 “I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy

“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra

RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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

'Outclassed in Kuwait'
Taleb Alrefai, 
HBKU Press 

Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
MATCH INFO

Manchester United 1 (Greenwood 77')

Everton 1 (Lindelof 36' og)

The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

The specs: 2018 Alfa Romeo Stelvio

Price, base: Dh198,300
Engine: 2.0L in-line four-cylinder
Transmission: Eight-speed automatic
Power: 280hp @ 5,250rpm
Torque: 400Nm @ 2,250rpm
Fuel economy, combined: 7L / 100km

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Crime%20Wave
%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A

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.”

Match info:

Manchester City 2
Sterling (8'), Walker (52')

Newcastle United 1
Yedlin (30')

Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
WORLD RECORD FEES FOR GOALKEEPERS

1) Kepa Arrizabalaga, Athletic Bilbao to Chelsea (£72m)

2) Alisson, Roma to Liverpool (£67m)

3) Ederson, Benfica to Manchester City (£35m)

4) Gianluigi Buffon, Parma to Juventus (£33m)

5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

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

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Brief scores:

Toss: Kerala Knights, opted to fielf

Pakhtoons 109-5 (10 ov)

Fletcher 32; Lamichhane 3-17

Kerala Knights 110-2 (7.5 ov)

Morgan 46 not out, Stirling 40