The Gothic Tyn Church in Old Town Square is illuminated at night. Old Town, one of Prague's most charming quarters, is full of historic buildings in various architectural styles.
The Gothic Tyn Church in Old Town Square is illuminated at night. Old Town, one of Prague's most charming quarters, is full of historic buildings in various architectural styles.

Prague: Kafka's capital



On a late summer evening in Prague last year, I met up with two old friends at a hole-in-the-wall bar notable only for not being notable. Hidden in a crook behind another crook in the medieval streets of Old Town, it's not one of the city's traditional storied watering holes, nor one of its achingly chic modern ones. The name changes so often that if we want to meet there - usually only to decide where to go next - we'll simply describe its location: "The place next to the shop selling full suits of armour if you turn right just before the tacky crystal shop on the way to Old Town Square." There's definitely something odd about this little den, however, which is so small the door almost scrapes the bartender's nose when it opens. Like so many things in the city I called home for nine years - a city beloved of alchemists, magicians and swooning writers - it's hard to put your finger on it. For me, it has to do with a random encounter that took place here one frigid evening several winters ago. My friend Vladan and I were huddled outside when a shadowy character approached us. "At this spot," the man said, "all the old underground passages converge."

Come again? He said no more. I've probably embellished the picture in my head, but I can still picture him today - bearded, with a pockmarked face, puffing out clouds of breath as he spoke, taking his hands from his overcoat pockets, gesturing towards the cobblestones and then disappearing into the night. Bizarre vignettes like that one - usually taking place in a vaporous fog worthy of Kafka, Prague's most famous literary son - have long been the Czech capital's stock-in-trade. Last summer, at the bar without a name, I asked Vladan and another friend, Klara, to describe the early days of Radio ­1, the indie station where Klara is now a DJ. Now in their mid-30s, both belong to the first generation of Czechs to enter adulthood after the fall of communism in 1989, so they have stories in abundance. The first years after the Velvet Revolution were heady and somewhat mad. Everybody made up the rules as they went along. The country's first private radio station set itself up literally amid the rubble of Stalin, running a pirate broadcast from the inside of a plinth from which a massive statue of the Soviet dictator had overlooked the city in the early 1950s. The remains of the demolished figure had been stashed beneath the plinth after Khrushchev's denunciation. Decades later, the rubble remained, backdrop to both a fledgling radio station and a concert venue, with local bands banging out tunes to a young crowd intoxicated by new-found liberties. "It was very dirty," Vladan recalled. "There was a lot of dust in the air, so you didn't need any special effects."

The city gradually became more sanitised in the ensuing years. The Czech Republic finally joined the European Union in 2004, and today an innocuous prosperity has replaced much of the old crusty magic. Those smitten by the city's low-rent charm during the 1990s might be disappointed to learn that a latte at the Starbucks on Old Town Square - yes, there's a Starbucks on Old Town Square - costs roughly the same as one in Dubai. As for tourists, Prague brings to mind the restaurant Yogi Berra was talking about when he said, "Nobody goes there any more. It's too crowded." They jostle one another gaping up at the blend of Gothic, Baroque, neo-Renaissance and even Cubist facades, for Old Town itself is an open-air museum, albeit one where people still live and work, as packed as the Uffizi during a school holiday. Despite the crowds, the walk over the Charles Bridge to Prague Castle is still one of the most beautiful city strolls in all of Europe and, in the spring and summer especially, one almost feels inclined to pinch oneself to make sure it's not a dream. Moreover, if you know where to look, you can still find that beguiling spirit that made Prague the darling of adventure-seeking expatriates in the 1990s.

On the plain of Letná, the old Stalin plinth has long been mounted by a giant metronome. Sadly, padlocks hang from the doors to the space beneath. In the surrounding park and nearby beer garden, the city comes to life in spring, with roller-bladers and skaters cutting swirls as the city and its fabled spires spread out below along a bend in the Vltava river. Venturing downhill to the newly pedestrianised Námestí Republiky (Republic Square), the art nouveau fireworks display known as Obecni Dum, or the Municipal House, reveals the nation at its pagan best. Completed in 1912 as a symbol of civic pride for a Czech nation that was starting to chafe under Austria's imperial rule, the building is bedecked by allegorical figures on its facade, gables and spires, all fronted by a mosaic called "The Apotheosis of Prague", an exaltation of the city itself to divine status. Obecni Dum is the setting for the annual Prague Spring classical music festival, which started this week and runs to June 4.

Few guidebooks will tell you this, but according to some this is where the wayward spirit of 1990s Prague found its finest expression. Prior to its 1997 reopening, Obecni Dum had fallen into a state of decrepitude, but despite that - or more likely, because of that - it hosted one of the ­­post-revolution Prague's epicentres of hedonism: Repre Club, a late-night basement venue that was open for a Bacchanalian 18 months in the early part of the decade. Those who were there - I was not, for I only moved here in 1996 - say it was a time when anything seemed possible. The beat poet Allen Ginsberg, The Clash's Joe Strummer and Nick Cave performed here, celebrating an anarchic period of rebirth and discovery. It's fitting that the nation's architectural jewel should have been given over, however briefly, to people who would be deemed reprobates in most societies. It was not to last. Even the dissident playwright Vaclav Havel, the revolution's hero, had cut his hair to a respectable length by the time he moved into Prague Castle.

Yet to this day, Prague's most powerful allure comes not from its picture-book street scenes but from its dank mystique. You'll still find it at places hidden in plain sight - like the small but legendary pub in the castle district called U Cerného Vola (At the Black Bull), smack in the heart of pinch-me territory. A recent visit found only locals packing its benches, the bathrooms still filthy, the limited menu and the heraldic decor unchanged for years - probably generations - and a plaque commemorating the recent 1,800th meeting of the Friends of Beer society. Then there's the Basilica of St James in Old Town, one of Prague's earliest churches and the setting for one of the creepiest stories of them all. Still frequented by ageing parishioners who kept the faith during the communist years, the basilica, too, is on a well-trod tourist path, directly opposite the seedy stalwart Chapeau Rouge, a bar that claims to have been open since 1919. A place of worship since 1232, St James was last rebuilt in 1702 in the early Baroque style. It's usually given no more than a second glance by visitors.

The signs outside make no mention, either in Czech or in English, of the church's most gruesome curiosity: a severed human arm hanging from the inner western wall, looking like a sausage left out for several centuries. A statue of the Virgin Mary momentarily came to life, so the story goes, and grabbed the arm of a thief trying to steal the ­basilica's treasure; he was found the next morning still in the clutches of the Madonna. His amputated arm still hangs here, a shrivelled testament to the miracle. If this bizarre tale captures something of the essence of Prague - and it definitely does - perhaps it's the pervasive sense of what 19th-century writers called "the uncanny", sometimes defined as an uncertainty about whether something is alive or inert. In Prague, the living and the dead brush elbows in the streets and on the pub bench, coexisting as easily as the holy and profane. One of the city's most enduring legends is that of the Golem, a creature made of clay by a mystical rabbi in the city's old Jewish quarter. Like the statue of the Madonna, the Golem came to life, and it still seems to lurk in some of the foggier corners of these crooked streets - or perhaps in those underground passages that come together at the place with no name. Even now, it all seems possible. travel@thenational.ae

Where%20the%20Crawdads%20Sing
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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

 

 

Fire and Fury
By Michael Wolff,
Henry Holt

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

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.”

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
SPECS
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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

UAE%20medallists%20at%20Asian%20Games%202023
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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

COMPANY%20PROFILE
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Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

The%20Genius%20of%20Their%20Age
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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Soldier F

“I was in complete disgust at the fact that only one person was to be charged for Bloody Sunday.

“Somebody later said to me, 'you just watch - they'll drop the charge against him'. And sure enough, the charges against Soldier F would go on to be dropped.

“It's pretty hard to think that 50 years on, the State is still covering up for what happened on Bloody Sunday.”

Jimmy Duddy, nephew of John Johnson

COMPANY%20PROFILE
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Score

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

New Zealand lead three-match ODI series 1-0

Next match: Zayed Cricket Stadium, Abu Dhabi, Friday

The specs

Price: From Dh529,000

Engine: 5-litre V8

Transmission: Eight-speed auto

Power: 520hp

Torque: 625Nm

Fuel economy, combined: 12.8L/100km