About a week after I started working as a television writer in Hollywood, a guy who had been in the business a while was telling me a few stories from his career, and he wound up this way: "I've got a lot of stories like that," he said. "Because I've spent 20 years in show business."
"Show business." That's what he called it. At the time I was a 24-year-old recent Yale graduate. I had a degree in English literature. My last year at Yale, I wrote a paper actually called, without a trace of irony or embarrassment at the pomposity, Naming and Re-Naming: Identity and Unveiling in Spenser.
So, obviously, I didn't call the industry I had just joined "show business". That sounded, to my ears, a little too plaid-jacket-old-timer, a little too tacky. Not upscale enough.
Here's what I told people: "I'm a writer, in the entertainment industry", which sounds almost like a real job when you say it with the right inflection.
I can't be in show business, I thought to myself, because I can't tap dance or tell jokes and I'm not a character in a black-and-white movie. There's something sort of grasping and desperate about the whole idea of working in "show business".
And yet, "show business" is a lot more truthful and honest than "entertainment industry".
I think one of the problems right now, in the television side of show business - and in probably every other business as well - is that nobody wants to admit what it is that they're really doing. They'd prefer to be in some other kind of work - something loftier and more elegant, something that sounds more clever and upscale.
Last month at a party, I met a man who informed me, in a knowing and smug tone of voice, that he was a "chartered life underwriter", which is - I discovered after several minutes of dogged questioning - a nice way to say "insurance salesman". A guy who sells stocks for a living is a "financial consultant in the financial services industry". And my father swears that the guy he hired to snake out the toilet pipes in his house described himself as an "entrepreneur in the biomass treatment space".
In other words, I'm a lot better and smarter than my job makes me sound.
Saying you're in the "entertainment industry" sounds like you're saying you know something. Which you don't, because you're in "show business", where it's hard to know anything, or predict anything, with any real accuracy.
"Show business" sounds ad hoc, and made up, and kind of grubby - I always picture a cigar box full of cash, for some reason - but it has a great levelling power because it refers to everything and everyone who puts on a little play or bangs on an instrument or talks into a microphone for money.
Lars von Trier, the artsy Danish film director, is in show business. So is Beyoncé. So is Clint Eastwood, so is Shah Ruhk Khan, so is a child's birthday party magician, so was William Shakespeare, so is U2, so is George Clooney, so are the Jonas Brothers and all of the boys in the Korean boy-band Flower Boy, and let's not pretend they're not.
Because when we pretend they're not - when we pretend that there's a difference between doing it for the money and doing it for artistic vision (and also the money) - we suddenly end up thinking we're in something called "the entertainment industry". That just makes us sound pompous and smart and better, somehow, than our customers, who have a pretty elastic idea of what entertainment means.
To show business customers, it means YouTube and Star Wars and Facebook and Friends and Mad Men. Our customers want "show business". And we're giving them "entertainment industry".
But as I said, all of this euphemising isn't unique to Hollywood. The next time you're tempted to dress up the business you're in, take a note from an old friend of mine who is in the natural gas business in Texas. I remember talking to him once and inadvertently using the phrase "the energy sector". His craggily Texas face got all squinched up for a moment, and he drawled, "I don't even know what 'energy sector' means, amigo. I'm in the gas business."
Then he stopped, cocked his head and thought for a moment. "Let me correct that," he twanged. "I'm not in the gas business. I'm in the gas shortage business." And he smiled an evil, but honest, smile.
Rob Long is a writer and producer in Hollywood.
Follow on Twitter: @rcbl
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
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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.”
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Stats at a glance:
Cost: 1.05 billion pounds (Dh 4.8 billion)
Number in service: 6
Complement 191 (space for up to 285)
Top speed: over 32 knots
Range: Over 7,000 nautical miles
Length 152.4 m
Displacement: 8,700 tonnes
Beam: 21.2 m
Draught: 7.4 m
UAE currency: the story behind the money in your pockets
CHATGPT%20ENTERPRISE%20FEATURES
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Mohammed bin Zayed Majlis
COMPANY%20PROFILE%20
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More coverage from the Future Forum
Read more from Aya Iskandarani
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
Company%20profile
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