Elsa's appeal may lie in the fact that she's not perfect, but she realises what she needs to do to change things around for the better. Kagan McLeod for The National
Elsa's appeal may lie in the fact that she's not perfect, but she realises what she needs to do to change things around for the better. Kagan McLeod for The National
Elsa's appeal may lie in the fact that she's not perfect, but she realises what she needs to do to change things around for the better. Kagan McLeod for The National
Elsa's appeal may lie in the fact that she's not perfect, but she realises what she needs to do to change things around for the better. Kagan McLeod for The National

Newsmaker: Elsa from Frozen


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“It’s the most wonderful time of the year,” sang Andy Williams in 1963. An iconic Christmas song if ever there was one and, for millions of children around the world, it perfectly sums up the magic of the season, when everything is right in their little lives, gifts are doled out and vast quantities of mince pies and television are consumed while the adults grumpily gnaw away at the Brussels sprouts that have made their annual appearance. Kids love it, parents tend to end up loathing it and pretty soon it will all be over for another year.

And every single year the toy and merchandise manufacturers struggle to satisfy the enormous demands placed on them for the most popular items tied in with films, music and television. In the late 1970s, every little boy wanted Star Wars figures and replicas of the Millennium Falcon. In the mid-1980s every little girl seemed to be desperate for a My Little Pony and fistfights broke out in stores when supplies of Cabbage Patch Kids began to dwindle. Such is the procurement power wielded by prepubescent youngsters over their parents and guardians in the weeks leading up to Christmas.

There's no getting away with it this year, though – if you're buying for the littluns then one character will be featuring extensively in "Dear Santa" lists, especially for girls: Princess Elsa. It's been little more than a year since Disney's Frozen went nuclear at the box office and, in that time, one character has captured more hearts and minds of little girls than any other. Elsa, who starts the film as a young princess and ends it as Queen of Arendelle, is born with powers that allow her to control snow and ice. She gets into trouble, inadvertently harms people she cares for and, eventually, sorts herself out and saves the day. Hurrah.

This week, it has become entirely obvious what a magical hold this fictitious royal family member has over children, and frantic parents have been finding out – as they do every year – that they should have done their gift shopping months ago while the shelves were still healthily stocked with an endless array of Frozen merchandise.

Any toy manufacturer could see this coming, but Lego seems to have missed a trick for once. According to a report in The Telegraph earlier this month, while Lego's 292-brick Frozen set, known as Elsa's Sparkling Ice Castle, is available in the toymaker's home country of Denmark, the rest of Europe won't be able to buy it until mid-January at the earliest. Cue lots of upset young girls, embattled parents and a burgeoning grey market for the set that's seeing it changing hands for many times its actual store value.

So why all the fuss? Why has Frozen gone on to become history's most successful animated film, grossing (so far) more than Dh4.8 billion in cinema-ticket and DVD sales? Why, when an actual princess (Kate Middleton) visited New York recently, were children disappointed to discover it was her and not Elsa dropping by? To film critics, the universal appeal is obvious.

“She’s the modern-day Cinderella,” says Ella Ceron on Thoughtcatalog.com, “the fairy-tale for today: her story is all about conquering fears, embracing who you are and taking charge. We all grow up a little scared and unsure of our potential, but she eventually learns how to own what makes her special and literally builds an entire kingdom from these powers.

“She doesn’t need a prince to save her,” continues Ceron, “in fact, it’s her sister with whom she must team up to save Arendelle – and has an element of vulnerability to her that isn’t worn out as far as Disney’s heroines go. It’s honestly refreshing, and her power ballad is the kind you should keep in your arsenal for all the days when you’re most doubting yourself.”

Ah yes, the power ballad. Disney's animated films almost always have more than their fair share of songs and, while The Bare Necessities and I Wanna Be Like You made The Jungle Book so universally loved, and Hakuna Matata became an intrinsic part of The Lion King's appeal, Frozen has this week been in the headlines because its director, Jennifer Lee (who won an Academy Award for her efforts), has apologised to parents the world over for the song Let It Go.

Sung by Idina Menzel, who voiced Elsa, it has evidently begun to get on the last nerves of parents whose children won’t stop watching it. “A year ago, I’d meet people who, when they found out who I was, they’d say: ‘Oh, we love the songs! We sing them all the time,’” she told The Hollywood Reporter. “Now they’re like, ‘Yep, we’re still listening to those songs.’ I’ve gone from, ‘Thank you’ to ‘Sorry’.” Not so long ago, it took years for a film to become available for home use, now it seems to be just a few short months – hearing certain songs on permanent repeat is just one of the prices we all pay for the over-availability of entertainment technology.

It’s the reason for so many becoming obsessed with Elsa that’s really interesting, however. That, and comparing her with Disney heroines from years gone by. Elsa isn’t perfect but she realises what she needs to do in order to right her wrongs, and she does it – a powerful, almost subliminal message to youngsters wherever they’re watching, that nothing should mean the end of the world. Not even committing an entire kingdom to permafrost, because redemption is always a possibility. That’s the power – as Huey Lewis once sang – that’s the power of love.

But it wasn't always thus for Disney's female leads. It's difficult to fathom but it was 1937, two years before Hitler invaded Poland, when Walt Disney released Snow White and the Seven Dwarfs. Just think about that for a second: a full-length, colour, animated, film released in cinemas 77 years ago and its popularity has never waned. The roles of women in society have changed beyond recognition since then, however, and so, evidently, has the Disney heroine. Snow White might have been a princess but she was weak and gullible. Her nemesis was a vain, jealous and murderous queen – hardly a quality role model for today's youngsters.

After Snow White came Pinocchio in 1940, followed by Fantasia, Dumbo and Bambi, but it was 1950 before another female role, Cinderella, took the prime spot in a Disney animation. The downtrodden Cinderella, in what has become the archetypal fairy tale, only lived happily ever after when her prince rescued her. Alice in Wonderland, a year later, was off the charts in weirdness terms and Sleeping Beauty, when she whimpered onto the silver screen in 1959, had basically the same time of it as Cinderella.

It wasn't until 1989 that a Disney animated film featured a leading bona fide heroine in The Little Mermaid. The feared film critic and Pulitzer Prize-winning Roger Ebert, of the Chicago Sun Times, said: "Ariel is a fully realised female character who thinks and acts independently, even rebelliously, instead of hanging around passively while the fates decide her destiny."

The early 1990s were wilderness years when it came to Disney's output quality, but in 1995 Pocahontas burst onto screens. The script might have done the facts the greatest of disservices, but this was a film aimed squarely at girls – one that gave the lead character some heroic moves – and it got an age group talking about America's history with its indigenous people, something that had been brushed under the carpet for far too long. Toy Story came a few months after Pocahontas and tore apart the animated-film rulebook, bringing a hitherto unbelievable virtual reality to children's stories and a knowing wink to adult humour that ensured kids of all ages were transfixed. A Bug's Life, Monsters Inc, Finding Nemo, Cars and Up hit box-office pay dirt, but there was a distinct lack of old-school fairy-tale telling going on. Until Frozen, that is.

To say that Frozen has affected popular culture in 2014 would be the understatement of the year. Its influence is being felt in every toy store, in every DVD seller's rack and in every living room. Will it stand the test of time like some of Disney's previous releases? With future generations of young girls, of that there is no doubt. And that isn't down to trick animation or celebrity voice-overs. It's down to the empowerment of a girl called Elsa – possibly the only female more searched for on Google this year than Kim Kardashian. As a parent, that has to be good news, doesn't it?

khackett@thenational.ae

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
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Courtesy: Crystal Intelligence

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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.

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“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.”

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Monday, April 6, 7.30pm, Sharjah Cricket Stadium

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Squad: Chaya Mughal (captain), Archara Supriya, Chamani Senevirathne, Chathurika Anand, Geethika Jyothis, Indhuja Nandakumar, Kashish Loungani, Khushi Sharma, Khushi Tanwar, Rinitha Rajith, Siddhi Pagarani, Siya Gokhale, Subha Srinivasan, Suraksha Kotte, Theertha Satish

 

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Coach: Najeeb Amar

Squad: Kavisha Kumari (captain), Almaseera Jahangir, Annika Shivpuri, Archisha Mukherjee, Judit Cleetus, Ishani Senavirathne, Lavanya Keny, Mahika Gaur, Malavika Unnithan, Rishitha Rajith, Rithika Rajith, Samaira Dharnidharka, Shashini Kaluarachchi, Udeni Kuruppuarachchi, Vaishnave Mahesh

 

 

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