ABU DHABI // The Abu Dhabi Tourism and Culture Authority has announced that Sheikh Zayed will be the focus personality of the 25th Abu Dhabi International Book Fair.
“The Silver Jubilee could not pass without remembering this great man who ignited the first spark of the UAE’s book industry and urged us to write and promote culture,” said Juma Al Qubaisi, the Abu Dhabi book fair director and executive editor of the National Library.
“It is only natural that the late Sheikh Zayed be commemorated as ADIBF 2015 focus personality,” he said.
The focus personality recognises figures who have had a lasting effect on world culture and last year featured Arab poet Abu at-Tayeb Al Mutanabbi.
Mr Al Qubaisi said honouring the late Sheikh Zayed was an act of pride and an attempt to pay tribute to his legacy. The announcement was warmly received by Emirati intellectuals and literature fans.
Shaikha Al Jaberi, an Emirati author: “I’ve been attending the book fair for many years because I feel that it represents me and a great outlet for me to showcase my books. This year is going to be even more special because of Sheikh Zayed’s link to it.”
“Sheikh Zayed’s selection is a cause of pride to all Emiratis because culture is a big part of this nation’s identity and cultural values,” said Mariam Mohamed Al Rumaithi, the general manager of the Family Development Council, which participates in the fair each year.
“He was a poet himself and had a big effect on cultural family development. The fair provides us with a great avenue to promote our programmes and directly interact with consumers,” she said.
Concerts, art exhibitions, documentary screenings and a poetry evening are among the events scheduled for this year.
The history of the book fair itself and its cultural effect on Abu Dhabi will also be celebrated through a new publication.
Dr Ali bin Tamim, secretary general of the Sheikh Zayed Book Award and executive director of the National Library, said: “The Silver Jubilee edition of ADIBF will feature seminars highlighting parts of his biography and achievements, as well as dedicated pavilions and publications that offer glimpses of Sheikh Zayed’s personality as a leader and the founder of the UAE.”
The event was first held in 1981 at the Cultural Foundation and became an annual event in 1993. About 250,000 people visited ADIBF last year and sales grew to Dh35 million.
Last year, it attracted more than 1,125 publishing houses, with more than 100 international authors and intellectuals participating in its seminars and discussions.
“As a researcher, the book fair is an important source for my work and a chance to interact with authors and intellectuals that I don’t get a chance to do throughout the year,” said Saeed Khamis Al Suwaidi, a researcher at the National Archives.
“As Emiratis, books enjoy such a special status in our lives because of Sheikh Zayed’s vision,” Mr Al Qubaisi said.
The fair will run from May 7-13 at Abu Dhabi National Exhibition Centre.
nalremeithi@thenational.ae
If you go
The flights
Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes.
The car
Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.
The hotels
Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes.
More info
To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest.
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Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
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.
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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.
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“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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There are about 3.1 million NRIs living overseas
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Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
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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
Honeymoonish
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Name: Hassan Mohsen Elhais
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Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
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- Mastery of audio-visual content creation.
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- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
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- 600-seat auditorium
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