Social distancing and stay-at-home directives have given us all time to take on housekeeping jobs such as financial health checks and decluttering our wardrobes.
With holidays on hold, the extra time has also offered a chance to review photographs of past adventures or draw upon our creative side – in turn unlocking a potential passive income source during the uncertainty caused by the coronavirus pandemic.
Globe-spanning online image libraries such as UK-based Alamy or Getty Images, in the US, are hungry for inspirational content and present a route to extra money.
A contributor could make sales from simply uploading their images and doing nothing else. It can provide a nice boost, for very little work.
Among those familiar with such platforms is Murrindie Frew, who is planning to turn more of her pixels into dirhams.
A freelance photographer who specialise in food and lifestyle, her assignments centre largely on shooting for hotels and restaurants – venues which were closed to customers during the heavier Covid-19 safety advisories.
“My last job was on March 24 and I have had no work since,” says the Briton, 39, who “luckily” has no family to support.
Besides planning her move to a cheaper apartment in her Palm Jumeirah complex, Ms Frew has placed images with libraries such as Alamy, Picfair and Offset, and is looking to them to provide earnings.
“With lots of spare time on my hands, I've been going through old hard drives and pulling out potential sellable images to upload. I've also been shooting in my apartment – food I have made or raw ingredients,” she says.
“I have been learning to shoot video and capturing the mundane, everyday life of isolation which I need to start attempting to edit. Being a creative, it's hard not being able to work.”
You do not have to be a professional to feed this sector; subject, locality or destination often matter most, not qualifications behind the shutter.
As holidays and business trips remain absent from diaries, existing images have become a commodity.
Picfair gives photographers two ways to sell images – as digital downloads, usually for commercial use, or as prints, often for domestic consumption.
The London firm already claims thousands of camera-handy Middle East contributors, but welcomes more, offering various subjects.
“It’s not what we’re looking for, it’s what the world of image buyers is looking for, and the answer is … a lot,” says Picfair spokesman Joseph Hobbs.
“Every photographer gets their personal store from which to sell images, meaning whatever your style, and however niche your photography, as long as you promote in the right places, you can find buyers interested in your work.”
Images listed in Picfair’s "marketplace" are scoured by image buyers everywhere for use in everything from editorials and online publishing to advertising and design. The site hosts everyone from seasoned professionals to hobbyists with a good eye.
"We've had amateurs who've never sold a photo before featured on the likes of National Geographic Traveller's front cover," says Mr Hobbs.
While some images are bought as prints for homes, bigger fees can be derived from commercial sales; Picfair reveals many transactions are with art directors, advertisers, media buyers and publishers, including Google, Ogilvy and Elle magazine.
Picfair lets photographers set prices “to make sure all photographers find a price point they’re comfortable with”, says Mr Hobbs.
“If you set $20 (Dh73), you get $20, and we add a small commission to the buyer. What’s more, if you sell an image for advertising, you get 10 times the price you set. We’ve seen some images sold for advertising usage for up to $500.”
Many photographers also join US-based Shutterstock, a leading global provider of high-quality licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organisations.
With a community of more than 1.2 million contributors, it currently has 330 million-plus images available, reaching nearly 1.9 million active customers from 150 countries.
Contributors earn royalties each time an approved image is downloaded by a Shutterstock customer, although figures can depend on factors such as the usage licence purchased by the customer for each download and the contributor’s earnings tier.
Kristen Sanger, senior director of contributor marketing, says the amount people make can depend on their “dedication to the craft”.
“It can sometimes take a few months to get the hang of the process, to understand and uncover their niche,” she says.
“Stock imagery is a long-term investment, a volume game. The more images you have in the collection, the more can be found and chosen.
“People are making money on images they took seven or 10 years ago. Small amounts of extra income can turn into something more substantial over time.”
These can include pictures taken on smartphones and while Shutterstock does not reveal geographical contributor numbers, Ms Sanger cites a 29 per cent increase in earnings for UAE contributors in 2018-19.
“Creators have tonnes of content collecting dust on their hard drives, and it could be out there making money for them,” she says.
Although for most amateurs uploading to libraries is a hobby extension, it could be advisable they check their employer approves of the activity and whether an NOC (no-objection certificate) is required.
Photography is not the only creative means to generate passive income, of course.
Canadian teaching assistant Trena Gabert, 48, is a digital artist in her spare time. She started a photography business eight years ago, pivoting a hobby to help pay school fees.
Following courses with Dubai’s Gulf Photo Plus, she evolved to blending photography and digital painting “to create artwork that showcases the beauty and humour of the UAE’s camels and birds, as well as people”.
Ms Gabert sells canvas prints, greetings cards, coasters, tea towels and more, usually at community creative arts markets such as Dubai's Arte, and has been boosting her online marketing during crisis restrictions, including her virtual store on e-commerce marketplace Saffron Souk.
“I have been trying to get my online presence up to speed and join more online sale sites,” says the Abu Dhabi mother of 18-year-old twin boys.
“I am also spending time looking forward, for stores willing to sell my items when we go back to shopping at real stores.”
While she and her full-time teacher husband Michael have not had their pay affected by the Covid-19 situation, she is wary that may change.
“Schools are making cuts to costs for next year and sadly this does affect my husband because he is an experienced teacher who earns more than small private schools want to pay,” says Ms Gabert.
“He's finding many schools have closed their hiring process until there is more certainty of next year's enrolment numbers – many families are leaving due to job losses or moving back to their home country because of uncertainty in job security.”
Additionally, she says her family could face summer hotel or Airbnb fees when they go home because of Canadian quarantine rules.
“This is not something we have factored in for this year,” adds Ms Gabert, who aims to increase her creative business to help fill fiscal gaps.
”We aren’t, as of this moment, being affected, but at any point my job may be cut as the schools are also having to give discounts to families that can't pay," she says. "My side business needs to bring in extra money for any and all bumps that come.”
Artists can also pursue sales through platforms such as Drawdeck, a Dubai business that offers their work to customers that want to display it on home and office walls, including producing framed prints with delivery on behalf of contributors.
In the meantime, with demand for online content strong as millions remain grounded, Picfair’s Mr Hobbs says keen UAE-based travellers hoarding photographs should mobilise potentially dirham-friendly images.
“We often hear from photographers who’ve been sitting on hundreds or thousands of images for years, now starting to use Picfair to get them out there,” he adds.
“A contributor could make sales from simply uploading their images and doing nothing else. It can provide a nice boost, for very little work.”
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
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.”
'Nope'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jordan%20Peele%0D%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Daniel%20Kaluuya%2C%20Keke%20Palmer%2C%20Brandon%20Perea%2C%20Steven%20Yeun%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
Easter%20Sunday
%3Cp%3EDirector%3A%20Jay%20Chandrasekhar%3Cbr%3EStars%3A%20Jo%20Koy%2C%20Tia%20Carrere%2C%20Brandon%20Wardell%2C%20Lydia%20Gaston%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
SPEC SHEET
Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support
Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine
Memory: 64/256GB storage; 8GB RAM
Main camera: 12MP wide, f/1.8, Smart HDR
Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps
Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps
Audio: Stereo speakers
Biometrics: Touch ID
I/O: USB-C, smart connector (for folio/keyboard)
Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular
Finish: Space grey, starlight, pink, purple, blue
Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)
The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
South Africa squad
Faf du Plessis (captain), Hashim Amla, Temba Bavuma, Quinton de Kock (wicketkeeper), Theunis de Bruyn, AB de Villiers, Dean Elgar, Heinrich Klaasen (wicketkeeper), Keshav Maharaj, Aiden Markram, Morne Morkel, Wiaan Mulder, Lungi Ngidi, Vernon Philander and Kagiso Rabada.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars
AT%20A%20GLANCE
%3Cp%3E%3Cstrong%3EWindfall%3C%2Fstrong%3E%3Cbr%3EAn%20%E2%80%9Cenergy%20profits%20levy%E2%80%9D%20to%20raise%20about%20%C2%A35%20billion%20in%20a%20year.%20The%20temporary%20one-off%20tax%20will%20hit%20oil%20and%20gas%20firms%20by%2025%20per%20cent%20on%20extraordinary%20profits.%20An%2080%20per%20cent%20investment%20allowance%20should%20calm%20Conservative%20nerves%20that%20the%20move%20will%20dent%20North%20Sea%20firms%E2%80%99%20investment%20to%20save%20them%2091p%20for%20every%20%C2%A31%20they%20spend.%3Cbr%3E%3Cstrong%3EA%20universal%20grant%3C%2Fstrong%3E%3Cbr%3EEnergy%20bills%20discount%2C%20which%20was%20effectively%20a%20%C2%A3200%20loan%2C%20has%20doubled%20to%20a%20%C2%A3400%20discount%20on%20bills%20for%20all%20households%20from%20October%20that%20will%20not%20need%20to%20be%20paid%20back.%3Cbr%3E%3Cstrong%3ETargeted%20measures%3C%2Fstrong%3E%3Cbr%3EMore%20than%20eight%20million%20of%20the%20lowest%20income%20households%20will%20receive%20a%20%C2%A3650%20one-off%20payment.%20It%20will%20apply%20to%20households%20on%20Universal%20Credit%2C%20Tax%20Credits%2C%20Pension%20Credit%20and%20legacy%20benefits.%3Cbr%3ESeparate%20one-off%20payments%20of%20%C2%A3300%20will%20go%20to%20pensioners%20and%20%C2%A3150%20for%20those%20receiving%20disability%20benefits.%3C%2Fp%3E%0A
INDIA SQUAD
Rohit Sharma (captain), Shikhar Dhawan (vice-captain), KL Rahul, Suresh Raina, Manish Pandey, Dinesh Karthik (wicketkeeper), Deepak Hooda, Washington Sundar, Yuzvendra Chahal, Axar Patel, Vijay Shankar, Shardul Thakur, Jaydev Unadkat, Mohammad Siraj and Rishabh Pant (wicketkeeper)
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
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
Results
6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m | Winner: ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer)
7.05pm: Maiden (TB) Dh165,000 1,400m | Winner: Al Shamkhah, Royston Ffrench, Sandeep Jadhav
7.40pm: Handicap (TB) Dh190,000 1,200m | Winner: Lavaspin, Richard Mullen, Satish Seemar
8.15pm: Maiden (TB) Dh165,000 1,200m | Winner: Kawasir, Dane O’Neill, Musabah Al Muhairi
8.50pm: Rated Conditions (TB) Dh240,000 1,600m | Winner: Cosmo Charlie, Pat Dobbs, Doug Watson
9.20pm: Handicap (TB) Dh165,000 1,400m | Winner: Bochart, Richard Mullen, Satish Seemar
10pm: Handicap (TB) Dh175,000 2,000m | Winner: Quartier Francais, Fernando Jara, Ali Rashid Al Raihe
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
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
The specs
Engine: 1.6-litre 4-cyl turbo and dual electric motors
Power: 300hp at 6,000rpm
Torque: 520Nm at 1,500-3,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.0L/100km
Price: from Dh199,900
On sale: now
UAE currency: the story behind the money in your pockets
Company Profile
Company name: Fine Diner
Started: March, 2020
Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka
Based: Dubai
Industry: Technology and food delivery
Initial investment: Dh75,000
Investor: Dtec Startupbootcamp
Future plan: Looking to raise $400,000
Total sales: Over 1,000 deliveries in three months
The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.5-litre%2C%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E410hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E495Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Estarts%20from%20Dh495%2C000%20(Dh610%2C000%20for%20the%20F-Sport%20launch%20edition%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A