National Geographic opens first free-to-air channel



National Geographic Channel and Abu Dhabi Media Company (ADMC) have teamed up to launch the world's first free-to-air version of the popular channel, the companies announced Wednesday. National Geographic Channel Abu Dhabi, which started broadcasting on July 1, is also the first in the region to be dubbed in Arabic. Other versions of the channel on the region's pay-TV operators are in English. "National Geographic Channel Abu Dhabi marks the first time that National Geographic Channel has been broadcast on a free-to-air basis anywhere in the world," said Ward Platt, the president for Asia Pacific and the Middle East of National Geographic Channels International. "In all other markets in the world, the viewer must pay a subscription to receive the 24-hour National Geographic Channel, but due to the unique nature of the market and the shared vision of Abu Dhabi Media Company and National Geographic Channel, we are able to provide the channel on a non-subscription basis in the region, where the channel revenues will be derived solely from advertising." The channel will feature some locally produced content, in addition to global programmes such as Nat Geo Science, Wildlife, Dangerous Encounters and Disastertainment. It is available at Arabsat Badr 6 and Nilesat N102. ADMC plans to eventually roll out a version of the channel in high definition, said Karim Sarkis, the executive director of broadcast for ADMC. The channel builds on ADMC's existing relationship with the National Geographic Society through the partnership of its film fund, Imagenation Abu Dhabi, with National Geographic Films. National Geographic Channels International is a joint venture between the non-profit National Geographic Society and Rupert Murdoch's News Corporation, the major shareholder. "Abu Dhabi's attraction to the channel is linked to our future," said Edward Borgerding, the chief executive of ADMC, which owns The National. "Our children's future and our grandchildren's future depends on a seismic shift in our attitudes toward our planet. This is integral to the National Geographic brand and also integral to the Abu Dhabi and UAE agenda." Beyond brand, the commercial logic of the venture lies within the advertiser-pleasing demographic profile of the average National Geographic Channel viewer, said Mr Platt. "In many markets around the world, the viewership of National Geographic Channel competes very effectively against entertainment-type programming, sports or many other genres," he said. "Particularly, the audience tends to be of a higher education level and higher income level, and also be more aspirational in general. Even if they are in the middle-income level, they tend to have aspiration. So it's certainly a very desirable target audience." khagey@thenational.ae

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'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

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.”

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

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Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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MATCH INFO

What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru