People pretend to sleep during a flash mob in California.
People pretend to sleep during a flash mob in California.

Flash mob planned in mall



It started as an internet craze appealing to the mischievous, while baffling and bemusing onlookers. But Dubai's first attempt at staging a "flash mob" has left some officials concerned over security if its organisers manage to entice hundreds to converge on a busy shopping mall. Flash mobbing started in New York five years ago and entails gathering a large group of people, usually tipped off via the internet or text messaging, to perform an unusual act or stunt for several minutes before quickly dispersing. Previous flash mobs have seen crowds "worshipping" landmarks with bananas or hounding furniture store staff with enquiries about "love rugs".

To some it is performance art, but others simply see it as a subversive method of causing disruptions in public places and worrying authorities. The UAE has never experienced the phenomenon. But tomorrow perhaps hundreds of flash mobbers are expected to walk into the Mall of the Emirates - and then freeze on the spot for five minutes. Nearly 500 people have already confirmed through the community site Facebook that they will take part, while more than 600 have said they might attend.

The plan has caused consternation among managers at the mall, the biggest in the Middle East. "This is the first we have heard of it, but we will have to send extra security," said a spokesman. The flash mob's organiser, Firas Natour, 26, told fellow enthusiasts on Facebook: "Don't you think it's about time Dubai gets a flash mob? I do! This group will be the official starter for flash mobs in Dubai... so hurry and invite all your friends from Dubai to join in," the Jordanian-born site engineer said.

"Our goal is to be the largest and most random flash mob in the world ... hopefully [we will] one day break the Guinness world record for the largest flash mob." "This is meant to be pure fun," he said when interviewed. "I saw a flash mob two months ago on YouTube and thought to myself, 'why not?'. "I'm optimistic about the turnout and am expecting at least 200 people judging from the response. It will freak security for sure, but that's just part of the fun."

His page on Facebook gives instructions on what will take place. On the command - which will consist of Mr Natour tying his shoelaces at a designated location - flash mobbers have been told to gather around him and freeze on the spot in any position. After exactly five minutes, Mr Natour will clap loudly three times as a signal for everybody to leave quickly. His proposal was met with enthusiasm on the web yesterday. "Wow, can't wait. Just worried I'll crack up," one fan wrote in an e-mail.

Another wrote: "Watch the security guards get nervous and freak out then 25 seconds later the mall is swarming with police!" Previous flash mobs have confused, perturbed and amused bystanders. In one incident, more than 100 gathered by the London Eye in the UK for a bizarre outbreak of chanting and bowing. The crowd waved bananas and umbrellas before eating the fruit and mock-worshipping the landmark.

In the first flash mob, 150 people descended on Macy's department store in New York to ask confused assistants about buying a "love rug" for their "suburban commune". In the biggest flash mob yet, more than 3,500 people turned Paddington train station in London into a dance floor. Attempts to organise mobs have backfired, however. Last month a flash mob expected to attract 1,000 people in Sydney, Australia, flopped when only 15 turned up to whisper "tick tock" for a minute in a public place.

@Email:tyaqoob@thenational.ae

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.”

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

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