Unkempt commercial buildings at the start of the main street in downtown Amman mark Jordan’s bookshop quarter.
The small area intersecting Al Salt and Saladin streets was once a busy destination for book lovers in the country of ten million, but the last two decades have seen a decline in reading.
Several major bookshops have closed as low demand hit the district, due to a smaller pool of readers and poor economic conditions, recently made worse by the impact of the coronavirus.
“We have not imported books in any real quantities in years,” says Nabil Al Muhtaseb, owner of one of the oldest bookshops in the district, which carries his family’s name.
He points to a drop in education standards affecting the country’s reading culture, and a younger generation of parents who do not encourage their children to read.
“Students stopped coming,” he said, attributing their absence to the scrapping of research requirements in most high schools in the 1990s and the halt of government support for a student book basket.
The decline is a reflection of political and social change in Jordan, where the last decade has been marked by economic stagnation and high unemployment that reached a record 23.9 per cent last year.
Despite the challenges, Amman’s book vendors are trying to re-establish a base by lowering their prices and advertising on social media.
A partial literary revival in the Middle East that accompanied the Arab uprisings from 2011 has inspired a generation of younger authors and helped bookshops in Amman mitigate loss of volume sales.
Many now give prominent positions on the shelves to the wealth of new works that emerged on the Arab uprisings for readers seeking fresh perspectives on the events of the last decade.
Literary legacy
Around the middle of the last century a common saying was: ‘Cairo writes, Beirut publishes and Baghdad reads.
Amman, meanwhile lacked the literary and educational prowess of Beirut, a city unshackled by the censorship imposed across the rest of the Levant.
But Jordan – a country carved from the remnants of the Ottoman Empire in the 1920s – developed into a somewhat diverse society made up of refugees and émigrés from Palestine, Syria and Iraq that helped keep its arts scene vibrant and varied.
Mr Al Muhtaseb’s ancestors founded his bookshop in Amman during the late 1940s, after arriving as refugees from the Palestinian city of Hebron in the West Bank.
Back then he had a lot of young customers, but now many prefer to spend their time online and gaming, he says.
A renewed demand has been created for novels in Jordan and across the region since the Emirates Foundation in Abu Dhabi set up a prize for Arabic literature modelled on the Booker Prize in 2008.
“It is a well marketed prize,” says Mr Al Muhtaseb, pointing to rows of novels on the main shelves in his store.
Like most bookstores in the area, the space is sparse and its neon lighting is outdated. The tiled floor and other fixtures show their age and could do with renovation. Unlike bookshops in Europe and the United States, there is nowhere to sit and flip through the volumes.
The selection is varied, from award-winning author Ahmed Saadawi's dystopian vision of US-occupied Iraq, Frankenstein in Baghdad to thrillers by American author Dan Brown, translated into Arabic.
But a main seller at Al Muhtaseb and other bookshops are mainstream religious books on Islam, reflecting a society that has become more conservative since the early 1980s.
Some customers still come looking for something more niche, including a class of Iraqis who fled to Jordan after the 1991 Gulf War that seek high quality and rare editions, especially books on Sufism, he said.
At Kunouz Al Marefa bookshop nearby, the shelves hold fiction works by Jordanian author Ayman Al Otoum, a former political prisoner and controversial author Salman Rushdie, but not his banned Satanic Verses.
On prominent display is Desire for a Parting, the latest work by Algerian novelist Ahlem Mosteghanemi who helped bridge a west-east divide in the region with her widely read works that examine human relationships in a politicised context.
Despite the emergence of the Gulf literary scene, with countries like the UAE promoting reading through festivals, competitions and organisations that encourage emerging writers, Mr Al Muhtaseb misses the books by Lebanese publishers that used to adorn his bookstore.
He no longer imports books from Lebanon because a well-to-do middle class that used to buy Lebanese books has withered.
“Lebanon is the king of the book,” Mr Al Muhtaseb said, pointing to a long literary heritage. A Lebanese monastery in Khinshara in the Metn Mountains is home to one of the first Arabic printing presses and the country has produced many of the Arab world’s most famous modern writers, including Amin Maalouf, Elias Khoury and Jabbour Douaihy.
A buyers’ market
At Al Raed, a multi-story bookshop with a large children’s section, a whole floor of books was marked for sale at one dinar each, or $1.40, in an attempt to clear stock from the warehouse.
The shop is run my Mr Al Muhtaseb’s nephew Raed, who likes the French writer Alexandre Dumas and books on chess.
He said the one-dinar sale helped bring in some new customers but not enough to sustain the business he inherited from his father, or restore the “special ritual” that once saw downtown goers make time to stop by the book district.
Hussein Yassin, a relative newcomer to the business has also had to drop his prices. He opened his bookshop in 2012 just outside the downtown area, in Jabal Amman, naming it Al Azbakeyeh after Cairo’s famed book district.
Mr Yassin, a former Jordanian student leader, started his business by borrowing the equivalent of $14,000 from a friend. He bought 100,000 books from a distribution agency that had changed ownership and bolstered his collection through donations.
“Books are my hobby,” he said. “Every day I receive donations from people in the form of books.”
Until the coronavirus, he set up stalls across Jordan, and sold copies at low prices or gave away books he received for free, in an individual effort to revive the reading culture.
He openly sells banned books, boosting the appeal of the bookshop to secular and politically inclined punters. Among them are books by Israeli historian Avi Shlaim and the late George Habash, founder of the Popular Front for the Liberation of Palestine, and the Character of the Prophet, by late Iraqi poet Marouf Rasafi, whose work angered many clerics in the Middle East.
Around 70 per cent of his shop’s 115,000 Facebook followers are 18 to 25 year olds and the majority are women, statistics he finds “surprising given the rise in younger generations spending more time online.
However recent events have made life harder, even for Amman’s most successful book sellers. The impact of the coronavirus on the economy and consequent downturn in sales forced Mr Yassin to move to a much smaller shop in the same neighbourhood this year.
He is still buying books “but not like before” and he no longer travels to Egypt and India looking for cheap books.
But he is not to be deterred, attributing the decline “to the economy, not the people”. He has temporarily rented more space next door while preparing another makeshift stall to open in a few days, with books on sale for one dinar.
“The book should not die,” Mr Yassin said. “It is supposed to be re-read, to be given a new life.”
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
The five pillars of Islam
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
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.”
Killing of Qassem Suleimani
More on Quran memorisation:
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
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Schedule:
Pakistan v Sri Lanka:
28 Sep-2 Oct, 1st Test, Abu Dhabi
6-10 Oct, 2nd Test (day-night), Dubai
13 Oct, 1st ODI, Dubai
16 Oct, 2nd ODI, Abu Dhabi
18 Oct, 3rd ODI, Abu Dhabi
20 Oct, 4th ODI, Sharjah
23 Oct, 5th ODI, Sharjah
26 Oct, 1st T20I, Abu Dhabi
27 Oct, 2nd T20I, Abu Dhabi
29 Oct, 3rd T20I, Lahore
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
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
RACECARD
%3Cp%3E%0D%3Cstrong%3E6pm%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Land%20Forces%20-%20Maiden%20(TB)%20Dh82%2C500%20(Dirt)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E6.35pm%3A%20%3C%2Fstrong%3EDubai%20Naval%20Forces%20-%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E7.10pm%3A%3C%2Fstrong%3E%20Sharjah%20Air%20Force%20-%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E7.45pm%3A%20%3C%2Fstrong%3EAjman%20Presidential%20Guard%20-%20Handicap%20(TB)%20Dh95%2C000%20(D)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E8.20pm%3A%3C%2Fstrong%3E%20Dubai%20Creek%20Mile%20%E2%80%93%20Listed%20(TB)%20Dh132%2C500%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E8.55pm%3A%20%3C%2Fstrong%3EUmm%20Al%20Quwain%20and%20Ras%20Al%20Khaimah%20Joint%20Aviation%20-%20Rated%20Conditions%20(TB)%20Dh95%2C000%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E9.30pm%3A%3C%2Fstrong%3E%20Fujairah%20National%20Service%20and%20Reserve%20-%20Handicap%20(TB)%20Dh82%2C500%20(D)%201%2C400m%3C%2Fp%3E%0A
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
UAE currency: the story behind the money in your pockets
The specs
Engine: Turbocharged four-cylinder 2.7-litre
Power: 325hp
Torque: 500Nm
Transmission: 10-speed automatic
Price: From Dh189,700
On sale: now
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
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