Yann Martel will talk about his work and speak to other authors at the book fair.
Yann Martel will talk about his work and speak to other authors at the book fair.

All the tales of the fair



For the past three years, Yann Martel, the author of the Man Booker-winning novel The Life of Pi, has been mailing a book a fortnight to Stephen Harper, the prime minister of Canada. The idea, says Martel, is "to make suggestions to his stillness" and generally relieve the hysteria of high political office. Given the stated goal, some of the selections have been surprising. Book number 38 was Ayn Rand's hymn to radical selfishness, Anthem. Book 54 was The Sailor Who Fell From Grace With the Sea, a short and unpleasant tale of murderous children written by the suicidal Japanese militiaman Yukio Mishima. Number 46 was a book of Paul McCartney lyrics. Martel claims that each of these titles "has been known to expand stillness", but looking down his list, the suspicion grows that he's just throwing wads of paper at a wall to see what sticks.

"Wall" is the word. So far, Harper has failed to respond in person to any of the novelist's overtures. In fact, it is doubtful whether he has so much as cracked the spine on book number one (Tolstoy's The Death of Ivan Ilych, in case you were wondering). Appealing as the notion of a literary dialogue between the conservative politician and the tender-souled artist might be, it hasn't materialised. Harper isn't playing.

Perhaps Martel needs to cast his net more widely. His one nod in the direction of genre fiction has been an Agatha Christie. The influence of celebrity culture is confined to Read All About It!, a children's book about the pleasures of literacy written by Laura and Jenna Bush. Travel writing seems to have been passed over entirely. But here's the thing about books. No other art form is so cheap to practise. You don't need any unusual tools or training to get started, and people have been doing it for millennia. The world of literature is accordingly vast. If it doesn't quite cater to all possible tastes, it gets closer than any other creative field.

Why, then, suppose that Harper and Martel should find common ground? Harper has the air of being a Michael Crichton reader, which Martel would probably turn his nose up at. Maybe the whole project is a bust. Or who knows? One day a decade from now, some unlikely volume might hit its mark and Harper and Martel will find themselves bonding over Sylvia Plath or the fantasy fiction of Saddam Hussein. If you have a recommendation of your own to pass on to Harper, the Abu Dhabi International Book Fair is the place to be this week. Martel will be there, talking about his work on Saturday and then chatting to authors from the UAE on Sunday. Ahlam Mosteghanemi, the best-selling Algerian novelist, will be there. So will Amit Chaudhuri, the splendid Indian author of The Immortals. So will Gilbert Sinoué, the French-Egyptian crime writer. So will Pankaj Mishra. So will Alia Yunis, and numerous other terrific authors - none of whom have yet been held up to Stephen Harper's discriminating sensibility.

The show kitchen is back with more star chefs ready to demonstrate their best recipes. The antiquarian book fair returns with more covetable tomes from all over the world. There's a new poetry forum, in which poets from the many vigorous traditions in Arabic verse can lord it over their withered and irrelevant western colleagues. There is, in short, a very broad sense of what books can be. Most excitingly, there's the announcement of the International Prize for Arabic Fiction. To my delight, the winner of the prize will be announced tomorrow, the first day of the fair, yet the authors won't get their public session until Thursday. That ought to give the inevitable resentments and conspiracy theories plenty of time to brew. The prize has already been the subject of rumours about clandestine deals, anti-Egyptian bias (a bit rich, seeing that Egyptians won it both previous times it has been awarded) and frayed tempers on the jury. This is all within the level of sniping from the margins to be expected with any book prize - it is, as the laureated Martel can probably confirm, the side of literary life least conducive to stillness. Just wait and see what happens if Martin Amis is "snubbed" by the British Booker for the umpteenth time this year. Literary journalists are born gossips, with a weakness for speculation verging on outright fabulism. To them, this timetable is a gift.

In fact the whole fair is a gift, in a different sense. Of all the cultural fields that Abu Dhabi has been throwing its weight behind lately, is any so deserving as the book trade? Literature, as you'll know if you've ever been to a publisher's year-end party, is the poor relation of the arts. There's no money in it and its practitioners are, in the main, lonely obsessives with thin skins. Compare the tanned, gregarious alphas of the art and film worlds. There's a saying that politics is show business for ugly people. The book business is politics for people who get twitchy in public spaces. A minority interest, in short, and a declining one.

According to a survey by the US National Endowment for the Arts, the number of Americans who read at least one novel, play or poetry book a year fell by seven per cent between 1992 and 2002. In a couple of years we're due another audit so we'll see how far Web 2.0 has seduced readers from the slopes of Parnassus. America, by the way, isn't merely a representative case: it's one of the only markets that count. For most of the world's inhabitants, a hit novel in one's home country would barely be worth mentioning on the tax return.

The problem for Arabic writers is more severe. Piracy is widespread in the Arab world, diminishing the chances that an author will be paid even in the rare event that someone buys his or her book. Since last year, the ADIBF has been working to change things. The Spotlight on Rights initiatives subsidises rights deals to the tune of $1,000 (Dh3,670) apiece. In a business with very narrow margins, this provides an incentive for publishers to obtain texts legitimately. In 2009, the initiative found more than 200 takers. Hopes are high for 2010.

The IPAF supplies another important fillip to a struggling industry. Such prizes nominally exist to reward excellence; occasionally they even go to the most deserving book. But we all know their real function is to get publicity for authors, to build buzz and drive sales. The six shortlisted authors - Abdo Khal, Jamal Naji, Mansoura Ez Eldin, Muhammad al Mansi Qindeel, Raba'i Madhoun and Rabee Jabir - all stand a greatly improved chance of translation into European languages, which in turn increases the likelihood that they will see decent royalties for their labours. It's easy to be cynical. Yes, the publishing industry is the most obvious beneficiary of such exercises. Yet readers are hardly passive victims. We live in a noisy world. Books, as Martel suggests, speak in a quiet voice. Anything that can direct our attention to the kind of thing we might enjoy but wouldn't normally notice has to be a good thing. Some marketing stunts are benign.

Perhaps the most quixotic of Abu Dhabi's book initiatives is the Kalima translation project. Every year, Kalima selects 100 titles from the vastness of world literature and arranges to have them translated into Arabic. Looking down the list of items that Kalima has picked so far, that Martelian sense of high-minded randomness is pronounced. A volume on the ethics of Emmanuel Levinas rubs shoulders with a work on physiognomy (Rose Rosetree's The Power of Face Reading). Edna O'Brien's soupy memoir Mother Ireland shares shelf space with the ferocious, glittering Fragments, by Elias Canetti. There's Eckhart Tolle's new-age tract A New Earth, and Stephen Hawking's A Briefer History of Time. Who could be interested in all of them? Well, exactly. They aren't for any individual. They're meant to edify and enlighten a global language community. Each book is not for everyone (though it's tempting to think one or two of them might strike a chord with Stephen Harper).

It's gratifying to see Abu Dhabi investing in work such as this. After all, literature matters. Leave aside the ponderous Matthew Arnold stuff about "the best that has been thought and said". Never mind the school board line about learning to grasp and assess sustained argument, or the soppy pieties about imaginative empathy and seeing the other fellow's point of view. It matters because it's cheap to make, hard to consume, and so tells us more about ourselves than any other taste we might profess. Stendhal thought the novel held a mirror up to reality. It does, and the reality it reflects is the reality of what we want.

Very often we learn to tolerate art we don't like. We snore through atonal operas and laugh at B-movies. We push ourselves around museums wearing a contemplative frown and reach the cafe before our foreheads are aching too badly. Uniquely among the arts, you can't do that with books. A book means a commitment of hours, and if it isn't working for you, it probably isn't working at all. The page becomes a grey sea and your eyes roll in your head. You make excuses not to pick the thing up again. Bedtime feels like a punishment. Some books let you in. Others bounce you at the door. You can hide it or lie about it, but the book knows who you are. And after a few such experiences, so do you.

The moral of all this, unlikely as it might seem, is that there's a kind of value in Martel's correspondence with Harper. The Canadian prime minister gains even from the books that miss their mark. As do we all, moving through a sea of things we don't want to read, and occasionally - happy day! - stumbling on something that we really, really do want to. It's a wasteful process in some ways, this way of coming to know ourselves, and one that has never done much for the bank balances of the majority of its servants. How laudable, then, that Adach supports it through initiatives like ADIBF and Kalima. You might not feel terribly still in the booming vastness of the Adnec exhibition centre this week. But you should, in a sense that has nothing to do with bank balances, feel rich.

The Abu Dhabi International Book Fair runs from tomorrow until March 7 at Adnec. For more information, visit www.adbookfair.com.

The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

MATCH INFO

Karnataka Tuskers 110-5 (10 ovs)

Tharanga 48, Shafiq 34, Rampaul 2-16

Delhi Bulls 91-8 (10 ovs)

Mathews 31, Rimmington 3-28

Karnataka Tuskers win by 19 runs

A German university was a good fit for the family budget

Annual fees for the Technical University of Munich - £600

Shared rental accommodation per month depending on the location ranges between  £200-600

The family had budgeted for food, books, travel, living expenses - £20,000 annually

Overall costs in Germany are lower than the family estimated 

As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640

Students are permitted to withdraw £720 per month

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.”

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
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950