Opening my mind to all kinds of journalism


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Throughout my life, I have always been keen about what goes on around me in the world. Even though I eventually want to specialise in sports journalism, especially football, I am still keen to keep an open mind.
With this in mind, I decided to attend a talk by Jim Schaefer an investigative editor for the Detroit Free Press, who was giving a lecture to The National journalists.
He has worked for about 10 years to investigate crimes and felonies, including a perjury case involving the Detroit mayor, Kwame Kilpatrick.
Jim stressed to us that the most important thing for reporters to do is to get the facts right, instead of focusing on gossip and rumours.
I was glad I attended as I want to learn about every type of journalism. It was an eye opening experience.
Back to the newsroom, I have been working ona story about the first Emirati students to train for a local archaeology course. This report has been my favourite so far. I am really interested in Emirati archaeology. I keen to find out more about our heritage and culture in the UAE.
I have also been in contact with Peter Hellyer, an expert in the archaeology of the country as I wanted to include his opinions about the course.
I also interviewed Dr Timothy Power, who is responsible for archaeology training course. Dr Power is an archaeologist specialising in Arabia and the Islamic world, especially focusing on the Gulf region.
I am beginning to realise that journalism is all about contacts. The more contacts you have, the easier it is to finish stories.
I have also been learning a lot from Asma Al Hameli and Ayesha Al Khoori about their experience during the time they were trainees. We talked about how to find stories and what are the topics I am interested in writing about.
I feel comfortable opening up with them and getting to learn the steps of journalism. I really appreciate the fact that they are giving their time to teach me.
Also this week, I decided to join reporters Jennifer Bell and Anam Rizvi in Dubai to cover the Arab Health conference.
I was impressed with the way they reported on the event, especially in Jennifer's case where she had to immediately exit the hall room after a speech by Princess Haya to type up the article.
Princess Haya's speech really moved me when she posed two questions to the audience: "If you lost a respected elder early on in life, what would you be most proud of if they came back today?
And: "As you progress in life what is the truest lesson, one that maybe stemmed from regret, that you have learnt?"
I couldn't help myself to think about those two questions and reminisce about my grandmother who passed away a few years ago.
To her, I would say I am proud of all the support my mother has given me.
To the second question, I would say that learning will always be an ongoing process in my life. I try to regret nothing and I always try to look on the bright side. There is always a light at the end of the tunnel.
malshamsi@thenational.ae

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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

JUDAS AND THE BLACK MESSIAH

Directed by: Shaka King

Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons

Four stars

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Conservative MPs who have publicly revealed sending letters of no confidence
  1. Steve Baker
  2. Peter Bone
  3. Ben Bradley
  4. Andrew Bridgen
  5. Maria Caulfield​​​​​​​
  6. Simon Clarke 
  7. Philip Davies
  8. Nadine Dorries​​​​​​​
  9. James Duddridge​​​​​​​
  10. Mark Francois 
  11. Chris Green
  12. Adam Holloway
  13. Andrea Jenkyns
  14. Anne-Marie Morris
  15. Sheryll Murray
  16. Jacob Rees-Mogg
  17. Laurence Robertson
  18. Lee Rowley
  19. Henry Smith
  20. Martin Vickers 
  21. John Whittingdale

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.”

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.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5