There is no moment like the present, and there’s no better word to accurately describe this than now.
Expressing a sense of immediacy and urgency, the word, in any language, isn’t often used subtly.
This week’s Arabic word of the week, al aan, is no exception. It's a noun that means this very present moment and even has a plural variation, awina, which is used to describe a collection of present moments in the past.
Al aan is a word in classical Arabic but is understood across dialects. However, many dialects have their own versions of al aan which are more commonly used in day-to-day language, such as al heen in many Gulf dialects, hassa in the Iraqi dialect, hallaa in the Levantine dialect and del waati in the Egyptian dialect.
Al aan comes from the verb aana which is derived from the two Arabic letters, alif and noon. Aana means doing something in the present moment, or the time in which to do a particular task. It encapsulates in one word the English phrase “the time is now.”
Ann is another word derived from aana, which refers to a period of time in the past, present or future. Interestingly, aana is also the root word for ayna, which means where, used either as a statement or a question, and the word ayna, a noun which means when.
So the words now, where and when in Arabic all come from the same word, aana, a verb concerned with the direct use of time.
While mostly used in Arabic, al aan has also found its way into other languages such as Farsi and Khalaj, a language spoken in parts of Iran and Afghanistan. In these languages, al aan also refers to the present moment.
The 2005 Arabic film, Al Jana Al Aan, which translates to Paradise Now, is a 2005 psychological drama directed by Palestinian-Dutch director Hany Abu-Assad. Paradise Now won the Golden Globe Award for Best Foreign Language Film in 2006 and was nominated for an Academy Award in the same category.
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
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