• Actors perform in the play “Hongdo” on the first night of the annual Korea Festival held at the National Theatre in Abu Dhabi. The festival will run until November 11. Delores Johnson / The National
    Actors perform in the play “Hongdo” on the first night of the annual Korea Festival held at the National Theatre in Abu Dhabi. The festival will run until November 11. Delores Johnson / The National
  • Wan Holland (right) , director of the Arab-Korean Women Society, supports some of the women participating in the Korean speech contest on Thursday night. Delores Johnson / The National
    Wan Holland (right) , director of the Arab-Korean Women Society, supports some of the women participating in the Korean speech contest on Thursday night. Delores Johnson / The National
  • Yasser Al Gargawi is happy to get his photo taken in a Korean booth on the first night of the Korea Festival in Abu Dhabi. Delores Johnson / The National
    Yasser Al Gargawi is happy to get his photo taken in a Korean booth on the first night of the Korea Festival in Abu Dhabi. Delores Johnson / The National
  • Actors perform in the play “Hongdo” on the first night of the Korea Festival which will run until November 11. Delores Johnson / The National
    Actors perform in the play “Hongdo” on the first night of the Korea Festival which will run until November 11. Delores Johnson / The National
  • Actors perform in the play “Hongdo” at the Korea Festival in Abu Dhabi on Thursday night. Delores Johnson / The National
    Actors perform in the play “Hongdo” at the Korea Festival in Abu Dhabi on Thursday night. Delores Johnson / The National
  • Visitors of the Korea Festival check out a photo exhibition. Delores Johnson / The National
    Visitors of the Korea Festival check out a photo exhibition. Delores Johnson / The National

Different nations become friends again as Korea Festival kicks off in Abu Dhabi


Haneen Dajani
  • English
  • Arabic

ABU DHABI// Authentic food, games, martial arts and theatre plays were on show as the 16-day Korea Festival kicked off in the capital on Thursday.

The much-expanded event aimed to offer the people of the UAE a glimpse of Korean culture, said Park Kang-ho, the country’s ambassador.

“This year it kicks off at the National Theatre, but later it will go to the Corniche, so we will show Korean culture more vibrantly.”

An audience, mostly Emirati, flocked to the National Theatre to participate in the festival.

Sadeeq bin Abdullah, 72, said he had attending the festival since it started in 2013.

“Before we did not know any Koreans, now many of our youth speak Korean,” he said.

“Now the people around the world should come closer together. As the Quran says, we were created as different nations and tribes to get to know each other.”

The opening day included a Korean speech contest for Emiratis, where they are tested on articulation, performance and content coherence.

Nema Mahad, 24, was crowned winner for her speech about a Korean palace.

“I did not expect to win, I only participated for the experience. I think the theme this year revolved around history and that is why they liked it,” she said.

She began learning Korean while studying at Zayed University four years ago. “It was the first foreign language introduced, and I enrolled as a hobby.”

Her prize was a return flight to Seoul. “This will be my first visit there,” she said.

Another highlight of the evening was a performance of the play Hongdo starring Yeh Ji-won, a famous actress in South Korea.

She will also be holding a Q&A session when her film Hanji is screened on Saturday.

The play, which is set in the 1930s during the Japanese occupation of Korea, has been receiving critical acclaim over the past two years, picking up several awards.

“It tells the story of a woman during that time, it is a tragedy,” said Eunjee Kim from the Korean embassy.

Humaid Al Hammadi was one of the first visitors after the festival opened its doors at 4pm. He took photos and videos of the booths, which he said he would then be sharing with his 1,223 followers on Instagram.

As the founder of the Emirati-Korean friendship society and a frequent visitor to South Korea, Mr Al Hammadi’s dedication to bringing the two cultures closer together is not new.

“I studied in Korea for a while, and I noticed the lack of familiarity between the two cultures,” he said.

“I then became a social media celebrity because I focus on Korea. I give detailed media reports where I tell the story of the place or icon and its history, or when I demonstrate a popular dish I explain its story and why they love it.”

He has also been paying visits to hospitals there which are treating Emirati patients, as there were 3,000 such patients there in 2015.

His plans include interviewing the imam of the first mosque in South Korea.

Mona Al Buloushi, who co-founded a Korean club at the UAE University, said this year’s festival was better than before.

“We used to come every year and help the club’s members participate in the speech contest,” said the 25-year old.

“We help them train, and I think it is very important that the embassy every year develops [the contest]. Especially in terms of the audience, this time it was full and even the side chairs were occupied.”

hdajani@thenational.ae

Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

Company%20profile
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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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.”

Start times

5.55am: Wheelchair Marathon Elites

6am: Marathon Elites

7am: Marathon Masses

9am: 10Km Road Race

11am: 4Km Fun Run

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

TYPES%20OF%20ONLINE%20GIG%20WORK
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Your Guide to the Home
  • Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
  • Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
  • Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
     
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Oscars in the UAE

The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am

Ronaldo's record at Man Utd

Seasons 2003/04 - 2008/09

Appearances 230

Goals 115

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200