Just a few minutes into the first live broadcast of Sky News Arabia, and it already feels like the channel has been on the airwaves for a decade.
True, there were the occasional glitches of the "I'm not getting a signal from the studio" type in the first hours. But these are part of life, even in stations that have been around from the days when the first satellites were launched into orbit.
So assuming that apparent effortlessness in any business is often a result of solid foundational work, then the managers and staff of the world's youngest 24-hour, free-to-air Arabic-language news station would be justified in calling its launch on Sunday evening a success.
It was exactly 8pm, the hour when prime-time TV kicks off in the UAE and the wider Gulf, when the face of a refreshingly young female presenter welcomed Arab viewers to a news bulletin broadcast from new studios in Abu Dhabi. Rita Malouf, like many of the other journalists who appeared during the launch, had that distinctive sparkle of people whose careers are still ahead of them.
She was on the line with a correspondent reporting from Paris on the climax of the French presidential election; another correspondent was covering developments on the Turkish-Syrian border after a visit by the Turkish prime minister to the refugee camps there; a third was in Cairo reporting on parliament's abolition of an old piece of legislation; and yet a fourth reporter was covering the fuel crisis in Juba, South Sudan. A nice selection, a good scope.
The reporting and the context were – and never underrate this adjective – sufficient. But will this be enough to carve out a niche in the cut-throat, recession-bedevilled world of media and advertising? The challenges are numerous.
A smart look, a misprint-free crawler, a catchy jingle, a larger-than-life studio screen, a dynamic online and mobile presence, an exclusive interview with the Turkish president, Abdullah Gul, and even a night ride with Free Syrian Army rebels – the station did it all. But all that remains pretty commonplace in the current market.
So the channel had a few other things up its sleeve to throw in that crucial first hour of existence: a measured tone (even when reporting on Syria) in an otherwise shrill Arabic-language media environment; an abaya-clad sports presenter breaking barriers in a male-dominated field; and a correspondent based in the Arab world's forbidden city – Damascus. These are the small assets that could make the big difference.
Since the launch of the Qatari-owned Al Jazeera in 1996 and the Saudi-owned Al Arabiya in 2003, the mass of Arab viewers have grown accustomed to a reasonable level of quality in television journalism.
Generously subsidised, those two channels managed to recruit talent and conquer the homes of about 300 million people. These are the real big two: in the mainstream, Al Arabiya is thought of as more moderate and Al Jazeera as more populist.
But monopoly breeds excess. For years now, and particularly since the Arab Spring started, the big two have been plagued with accusations – by regimes and laypeople alike – of serving "special agendas" and being too soft on their sponsoring governments.
Sky News Arabia, as far as the average Arab viewer is concerned, is a blank slate. The station is 50 per cent owned by the UK satellite broadcaster BSkyB, in which Rupert Murdoch's News Corp has a share and which owns the Sky News brand, and 50 per cent by Abu Dhabi Media Investment Corporation. It has no enemies, and nobody can accuse it yet of being biased in favour of this or against that. This is one of its main strengths as it engages an audience weary of Arab Spring-related conspiracy theories.
That blank slate, in fact, is what earned it a licence to station a reporter in Damascus. And this simple fact carries the promise of changing one or two things about how Arabs and, perhaps, the world perceive the lingering Syrian uprising, which has tested the objectivity of media outlets across the board.
Less than an hour into the launch of Sky News Arabia, the Syrian deputy foreign minister came on. It is hard to remember the last time a high-ranking Syrian government official appeared on a pan-Arab news channel. As he wished the station good luck and quickly admonished it for quoting "misleading" sources in an earlier report, Damascene cars were casually making a roundabout in the background – just smooth traffic, no plumes of smoke or wounded men rushed in stretchers, a scene that Al Jazeera or Al Arabiya would rarely show these days.
Since the September 11, 2001 attacks, and the ensuing US-led Nato campaign in Afghanistan and the invasion of Iraq, communicating with the Arab-Muslim world through mass media seemed the proper soft-power tool to give context to what many Arabs saw as the modern crusades.
The Washington-sponsored Al Hurra was launched in 2004. It mostly kept a low profile after enjoying the brief newcomer's benefit-of-doubt period and, later, suffering budget cuts. Moscow launched its Russia Al Youm, Tehran its Al Alam, Paris its own France 24 Arabic, Beijing its CCTV Arabic and Turkey its TRT, all vying for ideological influence – not necessarily just a slice of the advertising market – in this increasingly strategic Middle East and North Africa region.
Backed by decades of experience, a reputation for reliability and UK taxpayer money, BBC Arabic is still holding its own, offering a nice alternative to the big two.
So this is the general landscape, and with Sky News Arabia coming on board, it is coming closer to saturation. The new channel is not in it just for the influence, it is in it for the money too. It describes itself as a private venture and has two advertisers already buying airtime: the Canada-based Nova Chemicals and Abu Dhabi's Dolphin Energy.
Note that another 24-hour Arabic-language private news channel, Alarab, is expected to launch from Bahrain by the end of the year, a venture unveiled last year by the Saudi billionaire Prince Al Waleed bin Talal bin Abdulaziz Al Saud.
A few hours of viewing cannot make a full judgment. But, for what those hours were worth, Sky News Arabia showed potential, especially since the need for "an icon of objective news reporting" – the station's promise – is still missing in the Arab world.
aelbahi@thenational.ae
The Outsider
Stephen King, Penguin
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Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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More from UAE Human Development Report:
UAE currency: the story behind the money in your pockets
The biog
Favourite Emirati dish: Fish machboos
Favourite spice: Cumin
Family: mother, three sisters, three brothers and a two-year-old daughter
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
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.”
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
RUGBY CHAMPIONSHIP FIXTURES
September 30
South Africa v Australia
Argentina v New Zealand
October 7
South Africa v New Zealand
Argentina v Australia
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
The specs: 2019 Chevrolet Bolt EV
Price, base: Dh138,000 (estimate)
Engine: 60kWh battery
Transmission: Single-speed Electronic Precision Shift
Power: 204hp
Torque: 360Nm
Range: 520km (claimed)
MATCH INFO
Manchester United 2 (Heaton (og) 42', Lindelof 64')
Aston Villa 2 (Grealish 11', Mings 66')
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
Results:
Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.
RESULTS
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