There's just one thing missing in our big cities: a sense of fun


  • English
  • Arabic

New Yorkers are renowned for their prickliness, Parisians for being aloof, Cairenes for their shouting. Big cities are stressful places, and the defence mechanisms of the citizenry are many. However, in my experience, the best antidote to the frantic pace of city life is humour. As the UAE's cities evolve into genuine metropolises, a liberal sense of humour and a willingness to jest need to be encouraged.

There can be little doubt that humour has significant value as a way of making sense of the world, often by poking fun at entrenched ideas or stereotypical behaviour. Many of my Arab friends have wonderfully developed senses of humour, and are delightfully puckish. Observing the quantity of laughter and mirth emitted from groups in public spaces here confirms a robust appreciation for playfulness and levity.

Yet more often than not, humour seems to be constrained by the boundaries of race, nationality or ethnicity. Although humour naturally flowers within the context of familiarity and trust, it has the potential to improve and enhance relationships between widely different types of people. Given the obvious diversity of the major cities in the UAE, humour can serve as a bridge between different groups, as well as to function as a technique to gently modify behaviour. Sharing a laugh produces a simple bond between people, but there is also a subconscious desire to avoid being the object of laughter. Perhaps gentle teasing, in a good-natured fashion, is an easy way to address some of the petty annoyances that seem to punctuate everyday life.

I must confess that I personally have an infantile sense of humour that finds vulgarity hilarious, slapstick compelling, and pranks irresistible. For nearly a decade, a large - and realistic - inflatable snake accompanied me on every journey. On one occasion, I found myself camping in the desert with a mixed bunch of friends with a limited quantity of shared language. Two of the Emirati men seemed to be particularly out of conversational options, so I performed a flanking manoeuvre and leopard-crawled my snake out of the darkness from under their chairs. One leapt like a scalded cat, but the other, graceful as a ballerina, moved his leg a few centimetres to the side, took a drag from his cigarette, and turned his head to look me in the eye. Then he roared with laughter, as did we all.

It proved to be the beginning of our friendship, and he obviously told his friends - perhaps to beware of me as a fool - so that I became known as "the man who loves snakes". Years later, our friends still chuckle at the story. Humour brought us closer together and livened up the party considerably. Since childhood, I have found "candid camera" style pranks endlessly enjoyable. The quantity of these whizzing around the web is enormous, and they are approachable because they often need no language or cultural context. Imagine producing such a show here in the UAE, playing jokes on all levels of our multicultural society. It would be hilarious to watch, yet I suspect that indignation and fury would be the likely response of the victims. But it would make us all that little more aware that we can laugh at ourselves, and that our "serious" lives can be injected with levity.

In Boulder, Colorado, a small university town where I lived for seven years, we had a town fool who wore a jester's cap and who poked good-natured fun at people's behaviour. Mostly on the bustling pedestrian mall, the fool mimed and mimicked, engaged in witty banter, and teased relentlessly those who littered, parked unacceptably, or behaved antisocially. It was street entertainment with a purpose: to modify behaviour gently, and humorously.

Festivals around the world allow humorous play to sprout in the public domain. The splashing colours of Holi, the dousing water festival of Songkrang in Thailand (and elsewhere) and various carnival celebrations provide inversions of normalcy that provoke public merriment. In such festivals, the established social order is suspended temporarily, and everyone who chooses to appear in public is equally part of the fun. To be out and about during these times is to accept that fact, and to welcome being tinted, splashed, smeared with foam or even having your necktie cut off.

During such festivals, play rules the day and laughter is not confined to precise categories of people or cliques of individuals. The result is a generalised and egalitarian laughter that suggests that many of us take ourselves too seriously for too much of the time. As the stress and alienation of burgeoning cities takes its toll on the populace, we need to remember to laugh, to play and to acknowledge that all of this pomp is just a little bit silly.

Christopher K Brown is associate professor of English language and literature at Zayed University

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

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Specs – Taycan 4S
Engine: Electric

Transmission: 2-speed auto

Power: 571bhp

Torque: 650Nm

Price: Dh431,800

Specs – Panamera
Engine: 3-litre V6 with 100kW electric motor

Transmission: 2-speed auto

Power: 455bhp

Torque: 700Nm

Price: from Dh431,800

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

The Little Things

Directed by: John Lee Hancock

Starring: Denzel Washington, Rami Malek, Jared Leto

Four stars

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

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.

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

UAE currency: the story behind the money in your pockets

Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke​​​​​​​
​​​​​​​Two stars

Fourth Arab Economic and Social Development Summit

As he spoke, Mr Aboul Gheit repeatedly referred to the need to tackle issues affecting the welfare of people across the region both in terms of preventing conflict and in pushing development.
Lebanon is scheduled to host the fourth Arab Economic and Social Development Summit in January that will see regional leaders gather to tackle the challenges facing the Middle East. The last such summit was held in 2013. Assistant Secretary-General Hossam Zaki told The National that the Beirut Summit “will be an opportunity for Arab leaders to discuss solely economic and social issues, the conference will not focus on political concerns such as Palestine, Syria or Libya". He added that its slogan will be “the individual is at the heart of development”, adding that it will focus on all elements of human capital.

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Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

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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.”

UAE currency: the story behind the money in your pockets
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Results

2.30pm: Handicap (PA) Dh40,000 1,700m; Winner: AF Mezmar, Adam McLean (jockey), Ernst Oertel (trainer).

3pm: Maiden (PA) Dh40,000 2,000m; Winner: AF Ajwad, Tadhg O’Shea, Ernst Oertel.

3.30pm: Handicap (PA) Dh40,000 1,200m; Winner: Gold Silver, Sam Hitchcott, Ibrahim Aseel.

4pm: Maiden (PA) Dh40,000 1,000m; Winner: Atrash, Richard Mullen, Ana Mendez.

4.30pm: Gulf Cup Prestige (PA) Dh150,000 1,700m; Winner: AF Momtaz, Saif Al Balushi, Musabah Al Muhairi.

5pm: Handicap (TB) Dh40,000 1,200m; Winner: Al Mushtashar, Richard Mullen, Satish Seemar.