Peter Hellyer, the author, columnist and cultural historian, died peacefully on Sunday. He was 75.
Over the course of a decades-long association with the UAE he was a key figure in the development of the country’s English-language media, a prolific author of books and research, and a great explorer of the Emirates' heritage and champion of its national story.
He was granted UAE citizenship for his services to the country in 2010 and was later the recipient of an Abu Dhabi Award, the highest honour that can be bestowed upon a civilian in the emirate, in recognition of his years of historical research.
His professional links with the region began when he moved to the UAE in 1975, initially to develop documentaries about the overseas visits of Sheikh Zayed bin Sultan Al Nahyan, the nation’s Founding Father.
In 1977, he helped establish the English-language service of Wam, the government news agency. He also headed foreign language broadcasting for Abu Dhabi and served as managing editor of Emirates News for many years.
After the paper closed, he continued his work in news and communications, becoming an information adviser to the National Media Council, and had an office at its headquarters.
Visitors fondly remember the piles of newspapers stacked around its perimeter and the assorted papers that cluttered his desk. Hellyer was always generous with story ideas and contacts for journalists and foreign correspondents.
He was the author and editor of numerous books, including Waves of Time, a maritime history of the UAE, and volumes on Al Ain, Abu Dhabi and Fujairah.
Hellyer had a passion for heritage and history – one of his books, Hidden Riches, provided an archaeological guide to the country – and he was chairman of the Emirates Natural History Group for many years. He was editor of the group’s journal, Tribulus, for several decades. A keen student of nature throughout his life, he once took the UK's Prince of Wales, now King Charles, birdwatching.
In 1992, Hellyer also cofounded and led the Abu Dhabi Islands Archaeology Survey that identified some of the most important historical sites in Abu Dhabi.
These included the 1,400-year old monastery site on Sir Bani Yas Island and Neolithic villages on the islands of Dalma and Marawah and many more finds that underlined the rich archaeological history of the UAE.
It was for this work that he later received an Abu Dhabi Award in 2013.
The testimonial video that accompanied the gala awards ceremony described him as a “real life Indiana Jones” and featured footage of Hellyer at the Sir Bani Yas site wearing his signature look of light-coloured shirt, multi-pocketed explorer’s gilet and broad brimmed floppy hat.
His interest in documenting the rich and, at times, forgotten history of the country, never dulled.
He was a frequent participant at commemorative events in Fujairah at the memorial to a RAF airman who died during the Second World War.
And as adviser on culture heritage with the Ministry of Culture and Youth, supported the archaeological work in Umm Al Quwain that has revealed further striking finds such as another ancient monastery in 2022 and the Arabian Gulf’s oldest pearling village in 2023.
He also wrote the history of The Club in Abu Dhabi for its 40th anniversary in 2002 and remained one of its members throughout his life.
Hellyer’s connection with the Middle East began in the late 1960s, several years before he moved to the UAE.
As international vice chairman of the National League of Young Liberals in the UK during his student days in Sussex, he followed the unfolding tensions of the 1967 Arab-Israeli conflict closely, leading him to campaign for greater support for the Palestinian cause within the political party’s policies. He subsequently served as an aide to David Steele, who later became leader of the Liberal party.
He also never lost his deep affection for Jersey, one of the Channel Islands, where he had spent large parts of his upbringing. He often summered there and helped facilitate trade missions from the island to the Gulf.
From 2008, he began writing a fortnightly column in The National, having earlier provided advice to the organisation in the months before the newspaper’s first issue was published in April that year.
Regular readers will remember he pursued a wide range of interests in his contributions to the opinion pages, although his central themes were often heritage, archaeology, the environment, politics and society.
One of his early columns was critical of a textbook used in schools, which prompted the commissioning and development of a new Arabic and English language history volume, co-authored by Hellyer with Mohamed Al Mubarak and Peter Magee, that was later entered into the curriculum.
A multipart, five-hour TV documentary series – History of the Emirates – was also developed and narrated by Academy Award winner Jeremy Irons.
Another column recalled the time when, as a member of the Executive of the Anti-Apartheid Movement in the UK, he invaded the pitch during a 1969 rugby test match between England and South Africa at London’s Twickenham stadium, to protest against Apartheid-era South Africa.
He wrote that he managed to get a long way onto the muddy turf before being brought to the ground by a Springbok player. The policeman who escorted him from the pitch reportedly told him: “I won’t bother to arrest you, I think you’ve been dealt with already.”
Hellyer also took great pride in reminding his commissioning editors at The National that he never missed a deadline, something he said he had learnt from his late father, Arthur Hellyer, who wrote a weekly gardening column for the Financial Times for more than 30 years.
It was Hellyer’s own decision to step back from regular contributions to The National in 2022 and it was, perhaps, fitting that his last column reflected on a “golden year” for archaeology in the Emirates. He signed it off with the words: “There’s still much more to learn about the history of this land.”
Few people have devoted as much time as Hellyer did to developing and articulating such a deep understanding of this nation’s rich and fascinating history.
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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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