How is a great story told? How does a great storyteller make the story so unforgettable that it remains etched in people’s minds? What's the secret behind telling a great story?
These were the questions going through my mind as I opened my laptop to search for tickets to see my first Broadway show. After some research, I chose seats in the middle section at the end of a row. I printed them out, put them in my coat pocket and headed out into the streets of New York, a city that has a kind of magic about it at night. Times Square sparkles as if a million stars have descended on it.
On a recent visit to Orlando, Florida, a cab driver from New York told me that his city is busy, and when you go there, you only ask a New Yorker one question, because they don't have the time to answer a second one.
People arrived at the theatre in big groups. While I was standing among this theatrical maze, again I wondered what makes someone a great storyteller – not in the sense of being the author of a best-selling book, but a Broadway storyteller. I was about to find out.
It was a cold night in New York – the sign flashed and lit up with Aladdin scribbled across it in gold lettering on a bright purple background. The line was so long, we joined it out on the pavement. My first thought as I walked into the theatre was that it looked like it was from the past.
Turns out my instincts were right: the New Amsterdam Theatre was built during the 1900s, and it's still beautiful. I was transported back in time – the tapestries, seats and boxes all felt surreal. I found my seat, and sat waiting for the show to begin. I was so excited that I was already on the edge of my seat.
The lights dimmed, sand dunes appeared at the back of the stage, and Arabian Nights started playing. Immediately, I was whisked away from the theatre into the world of Aladdin. The Genie appeared decked out in a bright, colourful costume, cracking jokes and singing amazingly.
The dancers were always smiling and in perfect sync. The props were gorgeously and elegantly constructed, which helped set the mood for the city of Agrabah. The show was alive, bursting with colour and song.
As the lights came back on at the end of the show, I felt hazy – for the past two hours, I was in another world. I was so taken by this show that I forgot I was sitting in a Broadway theatre. Broadway had brought a story to life in a magical way worth waiting in line for.
Now I know what a great story is, and that a great storyteller is someone who puts in a touch of magic, passion and a whole load of hard work to bring a story to life.
Mariam Al Qubaisi is a journalism student at Zayed University.
If you have a good story to tell or an interesting issue to debate, contact Melinda Healy on mhealy@thenational.ae.
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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Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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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