STARA ZAGORA, BULGARIA // Donka Hristova lets her mother pull her dress a half-inch down her leg. Checking her make-up one last time, she joins her two younger sisters in a provocative dance.
The gypsy girl knows she has to look her best. She is, after all, on an important life mission: catching the eye of one of the hundreds of young Gypsy guys prowling around what locals have dubbed the "bridal market" to initiate a complex ritual of haggling that could lead to marriage.
Love is not exactly for sale here. But in the litter-strewn car park that hosts the fair, amid blaring gypsy pop and saucy flirtation, negotiations are churning quietly behind the scenes as families weigh their financial compatibility along with the merits of the prospective bride.
Often, the future of entire families is in the balance as these Roma, among the most poverty-stricken people in a deeply impoverished region, seek to forge mutually beneficial unions that will help them weather Bulgaria's brutal economic downturn.
Globalisation adds to the economic pressures. The families gathered here are part of a community of about 18,000 Roma known as Kalaidzhi, who traditionally make a living as coppersmiths. That trade is dying out, in part because traditional copper pots and pans are being replaced by less expensive goods from China.
Still, a festive atmosphere reigns at the bridal fair.
Most of the girls, even those too young to be considered for marriage, wear gobs of mascara, flashy jewellery and towering high-heels. The colours of the minidresses are flashy: electric pinks, blood reds, canary yellows. The boys wear tight black jeans and muscle shirts, often topped with a black leather jacket. The bleak surroundings don't dampen spirits: Some 2,000 people have shown up, many in cars rigged with speakers on the hoods to pump out Gypsy pop at full blast. Boys and girls dance side-by-side on the cars, shaking their hips in frenzy.
The exuberance stems largely from the fact that, due to the community's conservative values, the youths are so rarely allowed to mingle with the opposite sex. Kalaidzhi, who are almost all devout Orthodox Christians, are known to remove girls from school at 15 or even earlier to keep them from mixing with boys.
"I hope to meet new people and to see the parents of the boys, so our parents can meet him," says Hristova, who, at 19, is prime marrying age. "It's a good tradition. It's easier for us if our parents approve."
It starts, like a high school dance, with groups of boys and girls in separate clumps, occasionally shaking hands and checking each other out - while mum and dad stay discreetly in the background.
Apart from these twice-a-year bridal fairs, boys and girls only have contact in internet chats. So Hristova is happy to leave the realm of Facebook and meet real young men. And at the fair, there is no shortage of youths held in thrall by the way she dances with her sisters, who also wear their showiest clothes.
"I want to find someone who is easy to get along with," she says, taking a pause from dancing in high-heeled sandals - "someone whose parents won't interfere after we are together, and someone who's not too rich and not too poor and has a job."
The event's reputation as a "bridal market" goes back generations. It used to take place in a muddy open field next to a horse-trading market in a small village, until police moved it into the city this year to avoid tension between the two pursuits. A generation ago, brides-to-be stood on stage with suitors competing for their hand. Those days are over.
Still, the flirtations can lead to negotiations and a possible union a few months down the road. If the youths warm to each other, the fair can trigger complex financial negotiations about the price a young man's family must pay to a woman's parents if they are to wed.
The cost of a bride -between 5,000 and 10,000 lev (US$3,000 to $6,600) - has dropped in recent years as jobs have dried up. And wedding festivities are much more modest with cash so tight. But prices still rise for a very beautiful young woman with many suitors, said Velcho Krastev, who has written extensively about the Kalaidzhi.
Some contend this is an innocent payment for the cost of a wedding dress and the elaborate wedding feasts Roma favour. Others call it is the price families are willing to pay for their sons to win a woman believed to be a virgin.
"We are maintaining the morals of the children by marrying them off at a young age," said Kosta Kostov, a spectator at the fair. "If she's not a virgin, the bride's family has to give the money back."
He said Bulgaria's crushing financial slowdown, and the near total collapse of the coppersmith industry, has made it virtually impossible for his family to raise the money needed to find wives for his three grandsons, aged 18, 20 and 22.
"They have no jobs and their parents can't pay money to the bride's family," he said. "It's a crisis now."
The idea that a young woman must be a virgin when she marries has generally faded in many segments of Bulgarian society during the last 50 years. But it remains strong among the tradition-minded Roma, particularly those who follow Orthodox teachings.
The Kalaidzhi, unlike other Roma communities, do not allow girls to marry at an extremely young age - most are 18 or older. And they have started to modernise: It is widely recognised that the young people need to have feelings for each other.
"That is the first and most important step now," said Mr Krastev, a member of the Bulgarian Academy of Sciences. "In the past, parents didn't ask the young people whether they liked each other. But the second step is that when they have decided they like each other and the parents agree, they start negotiating what the price will be for the bride."
Talk of brides being sold causes bristling among the Kalaidzhi, who represent a small proportion of Bulgaria's 700,000 Roma. They say the marriage fair is a tradition that actually works, keeping communities and extended families intact for generations.
Indeed, it is easy to find men and women in their late 30s and early 40s who met at a bridal fair two decades ago and today are hoping now to make matches for their children. Many who found a mate here five or six years ago come back to help their younger siblings or cousins get hitched.
Pepa Georgieva married her husband Kolyo in 2008 after a courtship sparked at the bridal fair. She came to this year's event to help her 20-year-old cousin navigate the sea of suitors.
"She is nervous and there are several grooms possible," Mrs Georgieva said. "She has not decided, and she can't decide by herself. We are asking her opinion but she also has to recognise our opinion."
That opinion does not hinge on the groom alone.
"I am here to meet the families," she said - "to see if they have the wealth to support the bride."
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
The specs
Price, base / as tested Dh1,470,000 (est)
Engine 6.9-litre twin-turbo W12
Gearbox eight-speed automatic
Power 626bhp @ 6,000rpm
Torque: 900Nm @ 1,350rpm
Fuel economy, combined 14.0L / 100km
Scores in brief:
Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).
Company%20profile
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'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press
Brief scores:
Everton 2
Walcott 21', Sigurdsson 51'
Tottenham 6
Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'
Man of the Match: Son Heung-min (Tottenham Hotspur)
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Venom
Director: Ruben Fleischer
Cast: Tom Hardy, Michelle Williams, Riz Ahmed
Rating: 1.5/5
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.”
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
Meydan Racecourse racecard:
6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 | 1,900m
7.05pm: Maiden for 2-year-old fillies (TB) | Dh165,000 | 1,400m
7.40pm: The Dubai Creek Mile Listed (TB) | Dh265,000 | 1,600m
8.15pm: Maiden for 2-year-old colts (TB) | Dh165,000 | 1,600m
8.50pm: The Entisar Listed (TB) | Dh265,000 | 2,000m
9.25pm: Handicap (TB) | Dh190,000 | 1,200m
10pm: Handicap (TB) | Dh190,000 | 1,600m.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
De De Pyaar De
Produced: Luv Films, YRF Films
Directed: Akiv Ali
Cast: Ajay Devgn, Tabu, Rakul Preet Singh, Jimmy Sheirgill, Jaaved Jaffrey
Rating: 3.5/5 stars
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20The%20Cloud%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20George%20Karam%20and%20Kamil%20Rogalinski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Food%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%2410m%2B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Olayan%20Financing%2C%20Rua%20Growth%20Fund%3C%2Fp%3E%0A
Read more from Johann Chacko
Brahmastra%3A%20Part%20One%20-%20Shiva
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAyan%20Mukerji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Alia%20Bhatt%20and%20Amitabh%20Bachchan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5