The Egyptian comedy actor Amr Katamesh. Courtesy Sky Event Management
The Egyptian comedy actor Amr Katamesh. Courtesy Sky Event Management

Ambassadors of laughter to face off at comedy festival



Two of the Middle East’s best-known comedians are set to perform in the capital this month at the second annual Abu Dhabi Stand-Up Comedy Festival.

Organised by Sky Event Management, the Lebanese comedian Nemr Abou Nassar will take on the Egyptian comedy actor Amr Katamesh on Thursday at the Abu Dhabi National Theatre.

Just for laughs

The event is supported by Sheikh Mohammed bin Ahmed bin Hamdan Al Nahyan, who will also be presenting the Golden Star Comedy Award at the end of the show.

Both Nassar and Katamesh will perform in English and Arabic for one hour each, after which the audience will decide whom to crown as the winner.

Nassar, nicknamed “Flying Tiger”, has performed to sold-out shows worldwide, while Katamesh gained stardom following his first prize win at Arabs Got Talent two years ago.

Last year, the inaugural festival drew a full house of 2,500 attendees. The general manager of Sky Event Management, Akram Sabry expects a similar turnout this year, including appearances by media figures, theatre professionals and entertainment critics from around the world.

“There is definitely a noticeable increase in demand for comedy because it is such an important part of our lives,” says Sabry. “We need comedy. It is a special art form which also brings attention to various issues. There is always a message and it is up to the audience to interpret it in their own way. It is also very fun.”

Comic ambassadors

Sabry describes both Katamesh and Nassar as “ambassadors of laughter” and promises a night not to be missed.

After performing during last year’s festival, Nasser impressed organisers with his routine, which prompted them to invite him back.

“Thousands of fans came from all over to see him. He is known as the Flying Tiger because he travels around the world proving himself to his millions of fans,” says Sabry. “His character is all in his face and when he opens any subject, there is simply no end.”

As for Katamesh, his rise to stardom is a result of his unique deliverance of jokes, which audiences will have to see for themselves to appreciate.

“Amr uses special effects in his acts to send various messages from his heart to the audiences’ hearts,” Sabry says. “And he has a new surprise especially for the Abu Dhabi audience.”

Mohammed Al Mazroui, the chairman of the organiser’s parent company Sky Organising Events, said he expects a “strong comedy match between the two parties”.

Stand-up comedy, he adds, can help make people feel relaxed, more alert and creative.

Opening doors

The stand-up comedy festival is more than just about entertainment, it is also aimed at opening the doors for other comedy enthusiasts looking for support and encouragement, not just in the UAE but across the world.

“The festival started off very small but it is now getting bigger and better. We are already planning for next year’s edition during which we expect a rise in attendance numbers,” says Sabry.

Comedy, he says, also boosts tourism.

“In 2011, we had visitors from across the region such as Bahrain, Qatar and Saudi Arabia. In fact, comedy events in Saudi Arabia are very popular where you can find up to 7,500 attendees at a single event,” says Sabry.

The Abu Dhabi Stand-Up Comedy Festival will be held on Thursday at 8pm at the Abu Dhabi National Theatre. Tickets cost from Dh75 to Dh375 and are available at www.timeouttickets.com. For more details, visit www.skyevent.ae

melshoush@thenational.ae

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What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

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