"Writings often reflect what is happening in a society," says Abdullah Majid Al Ali.
"Writings often reflect what is happening in a society," says Abdullah Majid Al Ali.

More Arabs find the write stuff



ABU DHABI // More young Arab writers are rediscovering the world of literature and imagination, says the executive manager of the Sheikh Zayed Book Award.

"The Arab world always wrote, and expressed itself best through its writings. But recently, there is a change in the fundamental type of issues explored through the written world," said Abdullah Majid Al Ali.

"Overall, it seems there is a lot of interest in writing from younger Arabs and more in the areas of art and literature. There is also growing interest in writing children's books, particularly from the GCC."

Established in 2006 under the patronage of the Abu Dhabi Authority for Culture and Heritage (Adach), the award each year recognises outstanding Arab writers, intellectuals and publishers from across the world.

This year, the award has received 560 nominated works from 25 countries, most from Arab countries, as well as some from Europe and Canada. Fifty-eight works have been shortlisted in nine categories, with the winners to be announced in February.

"The submissions are getting much better in terms of the quality of actual writing and presentation of the book itself," said Mr Al Ali, who is an avid reader. "Topics never written about in the Arab world are showing up in our submissions."

Mr Al Ali would not name any specific nominated work out of respect for the confidentiality clause, but said the writers were "pushing their own limits" and writing differently than their predecessors.

"Some are sticking to the classical way of writing, but many are showing up written in more casual, spoken Arabic, often containing terminologies popular of a particular culture and time," he said. "Writings often reflect what is happening in a society."

Each of the nine categories of the award is overseen by a committee of three judges or a referee. The categories are: best contribution to the development of nations, children's literature, young author, translation, literature, fine arts, best technology in the field of culture, best publishing house, and cultural personality of the year.

Over the years, there have been more submissions in fine arts, on childhood-related topics and children's stories. These compare with the traditional, more academic writings in the Middle East that focused on politics, history and religion.

The literature category includes poetry, short stories and novels. It always receives the highest number of submissions. This year, literature represented 26.42 per cent of the total submissions. The young authors (under age 40) category came in at 25 per cent, and "best contribution to the development of nations" was third at 21.25 per cent.

At the other end of the scale, the technology category consistently elicits one of the lowest numbers of submissions, with just five to 10 a year.

This year, 10 made the cut, compared with none last year, and 13 the year before. No one has won in this category, as judges determined that the work was not strong enough.

The largest number of submissions has come consistently from Egypt, followed by Syria, Jordan and Saudi Arabia. This year, the trend continued in the 560 submissions, with 187 from Egypt, 43 from Syria, 42 from Jordan, and 41 each from Saudi Arabia and Iraq.

Contributions from the UAE increased more than four-fold from last year. The UAE accounted for 34 submissions, compared with just eight last year.

"Since the award allows anyone to send in their work, you get to see a wealth of writings that didn't get any exposure or chance before," Mr Al Ali said. "Other studies so far have shown that Arabs don't read as much as the rest of the world, but seeing the quality of writing that is coming in and from younger generations, that may be changing."

Overall, the number of submissions is down from previous years. Last year, there were 610 submissions; the year before, it was 690. The first year of the award saw the largest number of submissions, at 1,224. The reasons behind the decreases have yet to be determined.

The award has undergone some changes since its inception.

In September, a new board of trustees was named to direct the contest. Unlike in previous years, this year's advisory council includes people from around the world. They have not yet met to discuss the nominations.

Last year, one of the award winners was stripped of the honour and a prize of Dh750,000 after he was found to have committed plagiarism. Dr Hafnaoui Baali had taken large passages from another book and passed it off as his own in Comparative Cultural Criticism: an Introduction. The book from which Dr Baali lifted passages was Cultural Criticism: A Look at Arab Cultural Patterns, written by Dr Abdullah Al Ghathami. Dr Al Ghathami, a member of the award's advisory council, resigned from his post upon hearing about the scandal.

"We want to fold that chapter, and just say that we will be stricter and more careful with how the works are analysed," Mr Al Ali said. "Unfortunately, plagiarism is made easier because of the internet."

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
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Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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COMPANY%20PROFILE
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

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.”

The biog

Hobby: Playing piano and drawing patterns

Best book: Awaken the Giant Within by Tony Robbins

Food of choice: Sushi  

Favourite colour: Orange

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

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Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

UAE currency: the story behind the money in your pockets
SRI LANKS ODI SQUAD

Perera (capt), Mendis, Gunathilaka, de Silva, Nissanka, Shanaka, Bandara, Hasaranga, Udana, Dananjaya, Dickwella, Chameera, Mendis, Fernando, Sandakan, Karunaratne, Fernando, Fernando.

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

German plea
Ukrainian President Volodymyr Zelenskyy told the German parliament that. Russia had erected a new wall across Europe. 

"It's not a Berlin Wall -- it is a Wall in central Europe between freedom and bondage and this Wall is growing bigger with every bomb" dropped on Ukraine, Zelenskyy told MPs.

Mr Zelenskyy was applauded by MPs in the Bundestag as he addressed Chancellor Olaf Scholz directly.

"Dear Mr Scholz, tear down this Wall," he said, evoking US President Ronald Reagan's 1987 appeal to Soviet leader Mikhail Gorbachev at Berlin's Brandenburg Gate.

Afro%20salons
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OIL PLEDGE

At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.