DUBAI // Jeffery Deaver teased the crowd yesterday, holding up an envelope and slowly revealing the white card within.
Carte Blanche is the name of the new James Bond novel, which has been set amid the skyscrapers and blue waters of Dubai and is due for release in May.
Deaver, speaking during a press conference in Dubai’s Festival City yesterday announcing details of March’s Emirates airline Festival of Literature, said he was inspired by the city when he visited for last year’s event.
“When I thought about the setting for the new book I thought immediately about Dubai,” said Deaver. “Not only is it an incredibly fun, wonderful and exhilarating place but it retains at its heart an exotic core.
“If Ian Fleming had lived to write more books I’m sure this would have been the place he would have chosen to set at least one of them,” he added.
Deaver has written more than 28 thrillers including The Bone Collector and Garden of Beasts, which won the UK based CWA Ian Fleming Steel Dagger award for best thriller in 2004.
With Carte Blanche he joins a long line of high-profile authors who have penned 007 novels since Ian Fleming died in 1964. They include Kingsley Amis, John Gardner and Raymond Benson. The most recent, Devil May Care, was written in 2008 by Sebastian Faulks.
Corrine Turner, the managing director of Ian Fleming Publications, said she was delighted to welcome Deaver to the Bond family.
"With Jeffery we decided to bring James Bond's literary adventures into the 21st century," she said. "Dubai is a wonderfully
Bond-esque location and it was a great thrill to work with [Deaver] on producing 007’s newest mission.”
Isobel Abulhoul, the director of the festival said she was “over the moon” to welcome Deaver and the news of the Bond novel.
“I have a very vivid imagination and from the first e-mail I received about this project I have been imagining plot lines for the book,” she said. “I am just so delighted that a real story has come out of the festival and that Jeffery was touched by what he saw in Dubai and he is giving back something so positive.
"This is a great thing for Dubai and it shows the rest of the world we do have a cultural heart and we are alive and kicking."
Deaver added that during his visits to Dubai, when he was writing the novel, he was drawn to the juxtaposition of the ancient culture and modern skylines. He likes Port Saeed and Deira in particular, because they have "soul", he said.
Literary enthusiasts in Dubai were excited by the news. Bonita Carr, a 33-year-old South African, who has been hosting her own informal book club for the past two years, is eager to get her hands on the novel.
“I’ve read all Jeffery Deaver’s books and I think Dubai will be a really interesting setting,” she said. “We have the tallest tower in the world and lots of amazing infrastructure and landmarks. I can just imagine James Bond whizzing round the fronds of the Palm. As long as it’s accurate and Dubai doesn’t get misinterpreted, I look forward to reading it. It is most definitely something to add to the book club list.”
Deaver said Sheikh Mohammed bin Rashid, Vice-President of the UAE and Ruler of Dubai, had expressed a great interest in the book. The possibility of a film version has already been raised, with the two having already “made plans to pursue the connection further”.
The Emirates Airline Festival for Literature will take place from March 8-12 and feature more than 120 authors from around the world. It will also include workshops for aspiring writers, poetry readings, book signings and a gala evening with highly respected authors such as Margaret Atwood, Michael Palin and Wole Soyinka.
Tickets go on sale today from all Magrudy's outlets or from the festival's official website www.emirateslitfest.com
aseaman@thenational.ae
The best #dubaijamesbond tweets
The #dubaijamesbond hashtag went wild on Twitter this afternoon, with users suggesting joke names for a Bond story set in Dubai. Here are some of the best:
Dhow Another Day
The Spy Who Treated Me In a Culturally Appropriate Manner That Reflected Local Traditions
The Spy Who Loved Mezze
The Man With The Golden Tissue Box
From Barsha With Love
Dubai World Is Not Enough
Tomorrow Never Dies, Inshallah
Octo
Dr No, Pharmacist Yes
Drive and Let Die
Books set in Dubai
The Witch of Portobello, Paulo Coelho
Coelho's 2007 novel tells the story of Athena, a Romanian orphan who grew up in Beirut. She flees to London when war breaks out, then moves to Dubai.
Camels Love Dubai, Stephen Wilkins
This 2009 book tells the story of a Sri Lankan man who loses his family in the 2004 tsunami and then moves to Dubai to go to university.
The Rainbow that Never Was, Ayadh Farooq
A 2002 tale of love and loss, centred on an American woman who is drawn into adventure when she visits Dubai.
The Sand Fish, Maha Gargash
A 1950s-era story about a teenaged girl who becomes the third wife to an aging and wealthy businessman before falling in love with his servant.
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The%20specs
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Dubai Rugby Sevens
November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures
Thursday, November 30:
10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders
Friday, December 1:
9am, Pitch 4, v SBA Pirates
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.9-litre, V6 twin-turbo
Transmission: seven-speed PDK dual clutch automatic
Power: 375bhp
Torque: 520Nm
Price: Dh332,800
On sale: now
SUZUME
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Killing of Qassem Suleimani
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
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.”
The%20specs
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Fight card
- Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
- Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
- Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
- Michael Lawal (UK) beat Tamas Kozma (Hungary) KO
- Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
- Darren Surtees (UK) beat Kane Baker (UK) KO
- Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
- Callum Smith (UK) beat George Groves (UK) KO
Anna and the Apocalypse
Director: John McPhail
Starring: Ella Hunt, Malcolm Cumming, Mark Benton
Three stars