You can't go home again



Thirty-two years after leaving, Jihad Fakhreddine hardly recognises the village where he grew up.
Forty years ago, I knew all 1,500 people in my Lebanese village. I knew their names, and they knew mine. I knew their homes. I also knew hundreds of people from neighbouring villages and towns. Since I was seven years old, I had worked in my father's grand store, which was also the village's barber shop and post office. Knowledge of names was useful there. The post was delivered three days a week, and on each of those days our shop was flooded with villagers checking to see if they had received any mail (or cash remittances, which sustained many a family) from relatives in West Africa, the Gulf or the Americas. With his sharp memory, my father could look at someone and instantly tell them whether they had received a letter or remittance that day. People never believed him, and often insisted that he recheck the stack, or allow them to check it themselves. When I was 12, my father died and I took over the store; they never believed me either.

Back then, getting a letter was so exciting that it was news in itself; whenever you received one, the entire village knew soon afterwards, even if it contained little more than greetings and kisses from a relative abroad. After all, letters were our only means of communication with our former neighbours. Sometimes elderly, illiterate parents couldn't wait to get home and have someone read them their letters, so either my dad or I would read them aloud on the spot.

Often, grateful customers rewarded me with their stamps, which I collected. In a time when money was tight and hobbies were few, stamp collection was an inexpensive way to entertain myself and learn about other countries, their capitals, their heads of state and their national symbols. I even had stamps for each of the seven emirates, then independent, that now comprise the UAE. In those days, only people without much education opted to migrate. They were all traders. Their letters were short: a quick description of how things were going at work, then some news about the Lebanese community wherever they were. Reading those letters, I learnt that fellow Lebanese abroad stuck together, bound by a sense of camaraderie in exile that helped them cope with being away. Of course, this made it easier for villagers to leave, knowing they could join a small but strong Lebanese community elsewhere. Whenever someone returned to the village on holiday they would be swamped by well-wishers, who of course wanted to know if the visitor was carrying letters from their loved ones. When the time came, dozens of people would come to see them off - and give them letters to carry back.

In the early Seventies, only a few dozen people from my village were living abroad. That seemed like a lot, but it was nothing compared to what happened when civil war broke out in 1975. Hundreds more left. Eventually so did I, along with most of my generation. Not one of my friends stayed. Throughout the Eighties, even more villagers left, driven out by alternating waves of sectarian expulsions. I miss home. A Palestinian song that many Arab émigrés listen to begins, "Another day has gone by. Our exile is increased one day. Our return is one day nearer." This is the sort of soul soothing that groups of people in exile come up with. Home is everything, and the physical act of return is always one day closer - whether or not it will ever actually happen.

But even if one physically returns, what does one return to? Being in the homeland doesn't mean feeling at home, and it doesn't mean the end of alienation. This is particularly the case when the notion of home stored in an émigré's memory is not altered for decades, even as that home changes a bit every year. Now, whenever I talk eagerly about returning to Lebanon, my friends warn me about the severe depression that can result from going home and still feeling homeless. But I have visited my village several times since I first left, and am under no illusions that it will ever be the village I grew up in. Many more people have migrated to cities, or other countries. Several areas consist entirely of shuttered houses that have not been maintained for years.

The people I now know best are mostly village elders, and they are dying. Every time I visit I have to go offer condolences to another family. I barely know any of the younger generation. Walking the roads and alleys, I feel utter strangeness. People don't recognise me, and I don't recognise them. Often the only way I can get people to remember me at all is by introducing myself as the brother of Salim, who has never left the village.

On my last few trips to visit relatives I brought along a palm-size notepad so I could write down and remember the names of the children and grandchildren who were born since my last visit. But recently I have found myself forgetting the names of the very people I am supposed to be visiting. I have embarrassed myself by calling people the wrong names, and conducted entire conversations without referring to the person I am talking to by name. Often I resort to asking someone about the name of his or her eldest son, then calling them abu or um so-and-so.

Recently, I have found many members of my village's young generation on Facebook. I've even reconnected with some friends my age. As my old village vanishes, the socialising that used to take place in my father's store has moved into a virtual world. The place where I grew up exists only as memories and words on our computer screens. Meanwhile, returning to the real village tends to make me uneasy. I don't hand out the mail anymore, and the community has adapted to function without me. Nostalgia has little relevance to actual social dynamics, and my presence feels like an intrusion. Each visit is like starting all over again, almost as an immigrant. And this is nearly as painful as having to count the days to my final return, whenever it may come.
Jihad Fakhreddine is a Dubai-based Regional Research Director for Gallup, the international polling organisation.

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Transmission: Single-speed automatic

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The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

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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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Total eligible population

About 57.5 million people
51.1 million received a jab
6.4 million have not

Where are the unvaccinated?

England 11%
Scotland 9%
Wales 10%
Northern Ireland 14% 

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5