There are a lot of book awards these days. More, if truth be told, than are strictly necessary. And there's certainly the sense that many of these ceremonies are really only held for and by the literary set. They don't always celebrate what a typical reader might like. That's perhaps why the rather more down-to-earth Costa Book Awards - formerly known as The Whitbread Book Awards - are steadily gaining ground as one of the most interesting and prestigious celebrations of new books by British-based authors in the calendar. When the winner is announced tomorrow, the world's press will be in attendance. The victor takes away a nice cash prize, but the sticker on the front of his book, Costa Book of the Year 2009, is a ticket to unimaginable sales spikes.
Are the Costas in direct competition with the Man Booker Prize? Both certainly celebrate literary achievement, but the crucial difference is that the Costa shortlists operate within the context of a book being enjoyable for a wide audience. Past winners have included best-sellers such as Mark Haddon's The Curious Incident of the Dog in the Night-Time and Andrea Levy's Small Island. Both were hugely entertaining and moving novels. You could never call Anne Enright's 2007 Man Booker-prize winning The Gathering - impressive though it was - a crowd-pleaser.
The Costas, then, like to do things their own way. The judges, for example, aren't exclusively authors and journalists. This year the Spandau Ballet's Gary Kemp, the ex-supermodel Marie Helvin and the Men Behaving Badly actress Caroline Quentin have as much influence as the historian Robert Lacey and the deputy editor of the Literary Review, Tom Fleming. It's led to some rather sniffy comments about the Costas being too populist, grasping for publicity from the stars they involve rather than listening to people who really know their books.
It's nonsense, of course: if the Costas were that dumbed down, chick lit and Dan Brown would dominate the shortlist. "All book prizes - including the Booker - draw their judges from a wider pool these days," says the chairwoman of this year's awards, Josephine Hart. She should know: the Irish novelist has been a Booker, a Whitbread and an Irish Times judge. She goes on to list all of the Costa judges by name - and points out that eight of the panel are, in fact, published authors. What's more, four have also worked as actors, and Hart thinks that's just as important.
"Few artists are more attuned to the power of language than actors," she argues. "So I expect they will bring that particular gift to bear on the final judging process. But their presence is all part of a wider aim, I think, to make literature more accessible and important to everyone - and especially young people."
Even the concept of the Costas is inclusive, celebrating as it does non-fiction as well as fiction. So instead of choosing the winner from a shortlist of appropriate novels, there are five categories: Novel, First Novel, Children's Fiction, -Poetry and Biography. A winner from each category was announced on January 5 and will now go on to the awards evening tomorrow, where an overall Costa Book of the Year is chosen.
"Think of it as if the Pulitzer [which chooses its winners in fiction, drama, history, biography, poetry and general non-fiction] decided to pick a final, single winner," says Hart, excitedly.
And she has every right to be -enthusiastic. Unlike, say, the Mercury Prize for music - where obscure jazz records are worthily nominated alongside Kasabian or Elbow - the winner in the Costa Children's Fiction category has as much chance as their more obvious and better publicised novel-writing competitors. Philip Pullman did just that with The Amber Spyglass in 2001. On two other occasions this century, biographies have taken away the overall prize: Hilary -Spurling's Matisse the Master in 2005 and Claire -Tomalin's Samuel Pepys: The Unequalled Self in 2002.
Indeed, the list of previous winners is revealing: no one has ever achieved the Booker-Costa double. And though you wouldn't suggest that the Costas revel in being the antidote to the more established literary prize, it wasn't much of a surprise that once Hilary Mantel won the Booker late last year for Wolf Hall, she was shortlisted by the Costa panel but eventually overlooked for Novel of the Year. The winner is, instead, Colm Toibin, who, conspiracy theorists might like to note, was the controversial omission from the Booker shortlist last year.
Go back a year and matters get even more murky. The overwhelming favourite for the 2008 Booker Prize, Sebastian Barry, narrowly - some even said unfairly - lost out to Aravind Adiga. Guess what? Three months later, Barry won the Costa Book of the Year.
So by the rationale that the -Costas seem to do the opposite of the Booker, Toibin should win this year for his novel Brooklyn. It would be a popular choice. The story of a girl who leaves her small Irish town for 1950s America is the critically -acclaimed writer's most accessible story yet, by virtue of "having a beginning, middle and end", as he told The National last week. A novel that's as much about the notion of home as it is New York, Brooklyn is impressive because it doesn't fall into cliché, into descriptions of wide-eyed immigrants staring up at skyscrapers. The Brooklyn of his story feels pulsingly, even dirtily, real.
Another contender is Raphael -Selbourne, who won the Costa First Novel category for Beauty. Much of the press since has focused on -Selbourne's previous life as a scooter salesman, which conveniently overlooks the fact that he's also been a teacher and interrupted an MA in Islamic Studies at the University of Birmingham to write his debut. And it's the latter experiences that inform his novel about a young Bangladeshi woman who runs away from her arranged marriage and home in Wolverhampton into a world of benefits, chancers and the English working class. But she finds an unlikely hero in this frequently funny story exploring the innocent outsider. Selbourne, to be honest, is also an unlikely winner. But this fine first effort deserves the publicity it's now enjoying.
The other outsider for Costa Book of the Year is Patrick Ness, the winner in the Children's Fiction category for the second part of his Chaos Walking trilogy, The Ask and the -Answer. Not that it isn't a great book. In fact, Ness achieves something rare with this series: it's a story about adolescence that never once patronises or preaches. Instead it is, as he puts it, "a western with some sci-fi settings", the story of young Todd and the friendship he strikes up with a travelling companion, Viola, as they attempt to navigate a dangerous future dystopia where no women exist. All the classic thriller elements are here, just wrapped up in a young hero. But just as -Pullman had to wait until his trilogy was complete until he could take the prize, you sense that Ness will have to be patient too.
And if the passage of time suggests the days that poets regularly scooped the grand prize are long gone - Seamus Heaney and Ted Hughes shared the Costa award when it was the Whitbread between them for four memorable years between 1996 and 1999 - Christopher Reid's A Scattering may change all that. The winner of this year's -Poetry category is a beautifully honest book of four poetic sequences written in tribute to his wife, who died in October 2005. In the wrong hands this could have been self-pityingly maudlin, but Reid approaches bereavement with a combination of fear and clear-eyed calm. It makes A Scattering a journey, of sorts, as he slowly marks out - and works out - his life from the first diagnosis of his wife's illness to life after she dies. It's a collection that, somehow, rises above the form.
All of which leaves Graham Farmelo, the winner of the Costa Biography prize for The Strangest Man: The Hidden Life of Paul Dirac, Quantum Genius. This was something of a sleeper hit in 2009, but in a year where most pointless celebrity biographies bombed, it was great to see someone who actually deserved to be written about taken to so many people's hearts. The Nobel Prize winner Dirac has been called the greatest British physicist since Isaac Newton, a pioneer of quantum mechanics whom Einstein not only saw as a contemporary, but a peer. And yet, thanks to crippling reticence, he was also a recluse and has been almost entirely forgotten since his work in the 1930s. Farmelo brings him to life in incredible style, making The Strangest Man a good outside bet for victory on Tuesday.
Of course, the Costa chairwoman Hart won't be drawn on favourites. She's not about to tell anyone which books she particularly enjoyed reading. But her favourite part of the process wasn't chairing the discussions, meeting the celebrity judges or enjoying the power that comes with choosing a winner. It was simply, as she says, "reading the books".
"Yes it is an honour and a responsibility to be the chair," she adds. "But it's important to remember some humility, that time makes the final judgement. The list of great writers who were 'missed' by their contemporaries is daunting."
And with such a great list this year, isn't it daunting to choose just one?
"Well, when the chair remarks at an awards ceremony that everyone on the shortlist is a winner, I often feel there is a greater element of grace than accuracy in that statement. The Costa shortlist is different in that - in fact as well as sentiment - the shortlist is comprised of winners."
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
RESULTS
5pm: Watha Stallions Cup Handicap (PA) Dh 70,000 (Dirt) 2,000m
Winner: Dalil De Carrere, Bernardo Pinheiro (jockey), Mohamed Daggash (trainer)
5.30pm: Maiden (TB) Dh 70,000 (D) 2,000m
Winner: Miracle Maker, Xavier Ziani, Salem bin Ghadayer
6pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Pharitz Al Denari, Bernardo Pinheiro, Mahmood Hussain
6.30pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Oss, Jesus Rosales, Abdallah Al Hammadi
7pm: Handicap (PA) Dh 70,000 (D) 1,400m
Winner: ES Nahawand, Fernando Jara, Mohamed Daggash
7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Almajhaz, Abdul Aziz Al Balushi, Khalifa Al Neyadi
8pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Lewaa, Bernardo Pinheiro, Qaiss Aboud.
more from Janine di Giovanni
UAE currency: the story behind the money in your pockets
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Company%20profile
%3Cp%3ECompany%20name%3A%20Shipsy%3Cbr%3EYear%20of%20inception%3A%202015%3Cbr%3EFounders%3A%20Soham%20Chokshi%2C%20Dhruv%20Agrawal%2C%20Harsh%20Kumar%20and%20Himanshu%20Gupta%3Cbr%3EBased%3A%20India%2C%20UAE%20and%20Indonesia%3Cbr%3ESector%3A%20logistics%3Cbr%3ESize%3A%20more%20than%20350%20employees%3Cbr%3EFunding%20received%20so%20far%3A%20%2431%20million%20in%20series%20A%20and%20B%20rounds%3Cbr%3EInvestors%3A%20Info%20Edge%2C%20Sequoia%20Capital%E2%80%99s%20Surge%2C%20A91%20Partners%20and%20Z3%20Partners%3C%2Fp%3E%0A
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
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.”
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
MEFCC information
Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
No more lice
Defining head lice
Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.
Identifying lice
Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.
Treating lice at home
Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.
Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital
SAUDI RESULTS
Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)
Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),
G. Hall (-8), Ursula Wikstrom (-7), Johanna Gustavsson (-7)
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind