Among the attendees at the 61st Berlin International Film Festival, which began on Thursday, are four UAE-based filmmakers who have been taken there by the Abu Dhabi Film Commission (ADFC). The aim of their visit is to enable the filmmakers to meet the leading players of the European film industry, with the goal of identifying new business and film production opportunities. The four are Eva Star Sayre, the business director of Veritas Films; the actor, director and producer Nawaf Al Janahi; Amina Dasmal, the producer and founder of Alcove Entertainment; and Butheina Hamed Kazim, a strategy and business development manager at Dubai Media Incorporated.
The ADFC has partnered with the European Producers Club to allow the delegation to spend four nights in Berlin and attend a series of special events, workshops and networking opportunities with international producers and filmmakers.
The four producers arrived with projects that are in various stages of development and it's likely that these projects will be the next major productions to be made or developed in the UAE over the coming years.
Eva Star Sayre arrived in Berlin on the back of the successful launch of Teta, Alf Marra (Grandma, A Thousand Times), which won the Audience Award for Best Documentary at the Doha Film Festival and had its European Premier at the Rotterdam Film Festival last week.
Executive Producer on that project, Sayre arrived in Berlin touting a new project that she will produce, working once again with Beirut born Grandma, A Thousand Times director Mahmoud Kaabour. The project is being produced by Veritas, which has its offices in Abu Dhabi at 2454.
"We were invited to apply by ADFC, who knew that we were the leading non-fiction filmmakers in the region," says Sayre. "I have come to Berlin to raise money for our next film which is called Champ of the Camp which I'm very excited about."
"There is a singing competition in the labour camps of the UAE every year - mostly Pakistani, Indian and some Nepalese. It has been going on for about three years and I think it's one of the most inspiring events in the country. It gives these guys a chance to perform in front of their peers, it's an elimination style competition with a lot of drama and it goes over a month and someone gets crowned a winner and these guys are so talented and have such passion for singing and performing, it's all Bollywood repertoire of course and this competition is completely closed off to the public."
"We heard about the competition and we arranged for the last three year's winners to perform at Mahmovies!, and that was the first time they had performed for a crowd of strangers. Now we are going to film the new competition this summer and give a glimpse into something you can't normally access and it has everything, singing, drama, and humour. The dramatic arc is built in for you."
She explained how ADFC were helping to get financing for the project: "I have non stop meetings here in Berlin. ADFC and the EPC, they have suggested some meetings for us, they have customised it to a certain extent for each of the producers. For me I'm looking to meet commissioning editors and sales agents from around the world. We are also still talking to film distributors about Grandma, A Thousand Times and maybe I'll catch a film if I'm really lucky, but I'm not holding my breath for that actually."
Butheina Hamed Kazim, in addition to working with Dubai Media Incorporated also produced the documentary film Letters to Palestine, which premièred at the Dubai International Film Festival last year.
"I'm working on two different projects right now," says Kazim. "My objective here at the Berlinale is to look for distribution partners and broadcasters in Europe for the film that I produced last year called Letters to Palestine. The second project that I'm trying to raise funds for is a project called Handheld Stories. It's from an educational initiative, out of which we will produce a film called New Direction Home. That is something that we're producing across the refugee camps across Jordan and within Palestine and we are working with a big team in Dubai. We are hoping to find partners here to come on board and help because access to Arab filmmakers particularly in Palestinian areas is going to be difficult and so it will be important to have European partners."
She says that at the Berlinale, "There have been meetings that have been set up with European sales agents and there are some we have connected with separately that we shall be meeting with, as well as the extended networking events that will be happening throughout the whole period. Just us being here is great, because it's very easy to have Abu Dhabi say that they sent a delegation and not have anything happen but this is something that is actually very productive and allowing us to be straightforward with the challenges that we have and the production of films. Also in terms of Berlinale particularly it has been historically criticised for not having a particularly Middle Eastern focus on films and contents and so this is a great step forward in that direction."
The Circle director Nawaf Al Jahani is in the process of cutting his new film Sea Shadow (funded by Imagenation, the movie producing arm of Abu Dhabi Media Company, which also owns The National) and despite having the film in the can, the challenges of creating partnerships, raising awareness and creating interest from the film industry players is great.
"Sea Shadow is in post-production right now and hopefully soon the film will be completed in the next couple of months," says Al Jahani. "One of the goals of the ADFC is to connect professionals from the UAE with the international market and have that connection then make it possible for more collaborations on more projects and more films. I have projects that could benefit from European co-productions or even full production and this is a great place to find chances like that."
He says that he is already looking to his next film after Sea Shadow, "Let's do the meetings and see what happens." As a director he feels that "Berlinale is a great place to meet like-minded people and do business because it's a really professional place that is totally about the deals and making films happen. So whether you're a film producer or a director it really is a great place to meet guys who can be those you can collaborate with in the future."
Since making The Circle, he says, "Filmmaking in the UAE is definitely better because things are moving on every year, more initiatives are happening and there are more opportunities and I think for the younger generation it is becoming easier to get involved in field of cinema as whole. It's still going to take time. Until today I would say we don't have film industry yet, we have film movement."
Amina Dasmai says, "I have quite a few projects that I'm working on, because as a producer you don't know what will fly or not. The one that I have here is from a book The Boy in The Oak that was written illustrated by Jessica Albarn and we took that and made a short promo for the feature last November showcasing what the animation film will look like. The director is Luke Losey and its narrated by Jude Law and the score is being done by Damon Albarn of Blur."
On her slate of projects is also another animation film and Dasmai also worked on a film showing at the Berlin Film Market called The Caller, a psychological thriller starring Stephen Moyer, Rachel Lefevre and Luis Guzmán.
Dasmai added that it's not just connecting to European filmmakers that the trip is allowing; I think the benefit of coming here as a group is that it also allows us to connect with other people from the Middle East making films and also see how we might be able to work together in the future."
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
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.”
DMZ facts
- The DMZ was created as a buffer after the 1950-53 Korean War.
- It runs 248 kilometers across the Korean Peninsula and is 4km wide.
- The zone is jointly overseen by the US-led United Nations Command and North Korea.
- It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
- Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
- Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
- Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012.
- Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
MATCH INFO
Euro 2020 qualifier
Norway v Spain, Saturday, 10.45pm, UAE
MATCH INFO
Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')
Celta Vigo 1 (Olaza 42')
At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government
OPINIONS ON PALESTINE & ISRAEL
MATCH INFO
Champions League last 16, first leg
Tottenham v RB Leipzig, Wednesday, midnight (UAE)
More from Armen Sarkissian
Killing of Qassem Suleimani
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.