Filmmaker Leila Sansour. Photos courtesy Leila Sansour
Filmmaker Leila Sansour. Photos courtesy Leila Sansour

Leila Sansour to take film Open Bethlehem to America



Leila Sansour, the United ­Kingdom-based Palestinian director of Open Bethlehem, returned to the UAE last month to launch a new crowdfunding campaign to raise money to take the movie on a tour of cinemas in the United States.

Sansour’s film, the product of eight years of filming in Bethlehem, was originally intended to be a one-year project documenting her return to her native city to witness the construction of the so-called “defensive wall” around the historic town.

However, the film grew into a campaign to raise awareness about the situation in Bethlehem, using the town as a microcosm to explore the injustices taking place across the ­Palestine.

Sansour estimates that at least 15,000 people have seen her film in UK cinemas since its release in December last year. The film was also screened at the Royal Geographical Society in London and there are plans to show it at the British Parliament alongside a debate on Palestine.

Her next move is to take the film to the US, where movies criticising Israel’s activity in the occupied territories are ­historically less well-received than they are in Europe. “We understand the role the US can play in the future of Bethlehem and Palestine, and also the large degree of misunderstanding about the situation in Palestine there,” says Sansour. “Bethlehem is a perfect entry point to Palestine for the US population. They have so many bad connotations of Palestine, but Bethlehem is associated with all the ‘nice things’. “We want to speak on behalf of Bethlehem and tell them its ­story. People need to know about it. “Israel is constantly feeding PR and information to the world and we don’t do that. We need to do it more and do it more ­ambitiously and do it ourselves, not rely on some western ­ambassador. “The West keeps sending us these ghouls that they give a lot of money to, to teach us democracy via lectures. But they don’t want to actually save key centres like Bethlehem that offer democracy and multiculturalism, and it’s not easy to ­recreate these places when they’re lost. They’re being eroded and no one seems to want to do any­thing about it when they’re lost.”

Sansour concedes that her crowdfunding effort is a little different from the norm, which is why she felt the need to come in person to help launch it. “Normally if you fundraise for a film or small project, it’s self-explanatory,” she says. “But we need to explain this to people a little more as it’s a grand ­vision. The money will fund planning the US tour, going to the US to build partnerships, putting together an executive team – a coordinator, a project manager – to make sure we use our time wisely. “We also need to produce communication tools to help disseminate the message and make it as explosive as we can. “We’re inviting people to become citizens of Bethlehem – everyone has a stake in this. It’s a world heritage site and everyone should join us. To become a citizen we simply want people to spread the word.

“We’re going to have presentations to download and share on our website, apps people can use to promote the film and its message. We’re creating Christmas cards and an advent calendar that will show the good things about Bethlehem, as well as share facts and information.

“Films have influence and power. We’re not just showing this because it’s nice, but because social-issue films can spread the word and make a difference. And we can’t do that without people getting behind us.”

• To learn more about the crowdfunding campaign, visit www.aflamnah.com/en/openbethlehem/. For information about the film and campaign, visit www.openbethlehem.org

cnewbould@thenational.ae

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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.

“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.”

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