• Stephanie Hsu, Michelle Yeoh and Ke Huy Quan in a scene from Everything Everywhere All At Once. The film has earned the most nominations for the Oscars 2023 with 11 nods including Best Picture. Photo: A24 Films
    Stephanie Hsu, Michelle Yeoh and Ke Huy Quan in a scene from Everything Everywhere All At Once. The film has earned the most nominations for the Oscars 2023 with 11 nods including Best Picture. Photo: A24 Films
  • Jake Sully, performed by Sam Worthington, and Neytiri, performed by Zoe Saldana in a scene from Avatar: The Way of Water. Photo: 20th Century Studios
    Jake Sully, performed by Sam Worthington, and Neytiri, performed by Zoe Saldana in a scene from Avatar: The Way of Water. Photo: 20th Century Studios
  • Austin Butler in a scene from Elvis. Photo: Warner Bros Pictures
    Austin Butler in a scene from Elvis. Photo: Warner Bros Pictures
  • Colin Farrell in The Banshees of Inisherin. Photo: Searchlight Pictures
    Colin Farrell in The Banshees of Inisherin. Photo: Searchlight Pictures
  • Keeley Karsten, Sophia Kopera, Michelle Williams and Gabriel LaBelle in The Fabelmans. Photo: Universal Pictures
    Keeley Karsten, Sophia Kopera, Michelle Williams and Gabriel LaBelle in The Fabelmans. Photo: Universal Pictures
  • Cate Blanchett in a scene from Tár. Photo: Focus Features
    Cate Blanchett in a scene from Tár. Photo: Focus Features
  • Tom Cruise as Captain Pete 'Maverick' Mitchell in Top Gun: Maverick. Photo: Paramount Pictures
    Tom Cruise as Captain Pete 'Maverick' Mitchell in Top Gun: Maverick. Photo: Paramount Pictures
  • A scene from Triangle of Sadness. Photo: Curzon
    A scene from Triangle of Sadness. Photo: Curzon
  • Rooney Mara, Claire Foy, Judith Ivey, Sheila McCarthy, Michelle McLeod and Jessie Buckley in Women Talking. Photo: Orion - United Artists Releasing
    Rooney Mara, Claire Foy, Judith Ivey, Sheila McCarthy, Michelle McLeod and Jessie Buckley in Women Talking. Photo: Orion - United Artists Releasing
  • Felix Kammerer in All Quiet on the Western Front. Photo: Netflix
    Felix Kammerer in All Quiet on the Western Front. Photo: Netflix

Oscar nominations 2023: Everything Everywhere All at Once leads with 11 nods


  • English
  • Arabic

The absurdist comedy-drama Everything Everywhere All at Once has led the Oscars 2023 nominations list this year will 11 nods.

The film's lead, Michelle Yeoh, is also nominated in the Best Actress category, while her co-stars Stephanie Hsu and Jamie Lee Curtis are up for Supporting Actress. Ke Huy Quan is also nominated in the Supporting Actor category.

Notable this year is the inclusion of RRR, the record-breaking South Indian film, which is continuing its haul of international recognitions. The Telugu film's song, Naatu Naatu, is nominated in the Best Original Song category.

Oscar winners, to be announced on March 12, will be voted on by the roughly 10,000 actors, producers, directors and film craftspeople who make up the Academy of Motion Picture Arts and Sciences.

Here are all the nominees for the 95th Academy Awards.

Best Picture

Tom Cruise in Top Gun: Maverick. Paramount Pictures via AP
Tom Cruise in Top Gun: Maverick. Paramount Pictures via AP

All Quiet on the Western Front

Avatar: The Way of Water

The Banshees of Inisherin

Elvis

Triangle of Sadness

Women Talking

Everything Everywhere All at Once

The Fabelmans

Tár

Top Gun: Maverick

Best Actor in a Leading Role

Colin Farrell in The Banshees of Inisherin. Photo: Searchlight Pictures
Colin Farrell in The Banshees of Inisherin. Photo: Searchlight Pictures

Austin Butler, Elvis

Colin Farrell, The Banshees of Inisherin

Brendan Fraser, The Whale

Paul Mescal, Aftersun

Bill Nighy, Living

Best Actor in a Supporting Role

Ke Huy Quan in Everything Everywhere All at Once. Allyson Riggs / A24 via AP
Ke Huy Quan in Everything Everywhere All at Once. Allyson Riggs / A24 via AP

Ke Huy Quan, Everything Everywhere All at Once

Brendan Gleeson, The Banshees of Inisherin

Barry Keoghan, The Banshees of Inisherin

Judd Hirsch, The Fabelmans

Bryan Tyree Henry, Causeway

Best Actress in a Leading Role

Michelle Yeoh in a scene from Everything Everywhere All At Once. Photo: A24
Michelle Yeoh in a scene from Everything Everywhere All At Once. Photo: A24

Cate Blanchett, Tár

Ana de Armas, Blonde

Andrea Riseborough, To Leslie

Michelle Williams, The Fabelmans

Michelle Yeoh, Everything Everywhere All at Once

Best Actress in a Supporting Role

Angela Bassett as Ramonda in Black Panther: Wakanda Forever. Photo: Marvel Studios
Angela Bassett as Ramonda in Black Panther: Wakanda Forever. Photo: Marvel Studios

Angela Bassett, Black Panther: Wakanda Forever

Hong Chau, The Whale

Kerry Condon, The Banshees of Inisherin

Jamie Lee Curtis, Everything Everywhere All at Once

Stephanie Hsu, Everything Everywhere All at Once

Best Animated Feature Film

Guillermo del Toro's Pinocchio. Photo: Netflix
Guillermo del Toro's Pinocchio. Photo: Netflix

Guillermo del Toro’s Pinocchio

Marcel the Shell With Shoes On

Puss in Boots: The Last Wish

The Sea Beast

Turning Red

Best Cinematography

Roger Deakins, Empire of Light

James Friend, All Quiet on the Western Front

Florian Hoffmeister, Tár

Darius Khondji, Bardo False Chronicle of a Handful of Truths

Mandy Walker, Elvis

Best Costume Design

A scene from Black Panther: Wakanda Forever. Photo: Marvel Studios
A scene from Black Panther: Wakanda Forever. Photo: Marvel Studios

Jenny Beaven, Mrs Harris Goes to Paris

Ruth E Carter, Black Panther: Wakanda Forever

Shirley Kurata, Everything Everywhere All at Once

Catherine Martin, Elvis

Mary Zophres, Babylon

Best Directing

Todd Field has been nominated for Best Director for Tár. Getty Images
Todd Field has been nominated for Best Director for Tár. Getty Images

Todd Field, Tár

Daniel Kwan and Daniel Scheinert, Everything Everywhere All at Once

Martin McDonagh, The Banshees of Inisherin

Ruben Ostlund, Triangle of Sadness

Steven Spielberg, The Fabelmans

Best Documentary (Feature)

A House Made of Splinters

All the Beauty and the Bloodshed

All That Breathes

Fire of Love

Navalny

Best Documentary (Short)

The Elephant Whisperers

Haulout

How Do You Measure a Year?

The Martha Mitchell Effect

Stranger at the Gate

Best Film Editing

Eddie Hamilton, Top Gun: Maverick

Mikkel E G Nielsen, The Banshees of Inisherin

Paul Rogers, Everything Everywhere All at Once

Jonathan Redmond, Matt Villa, Elvis

Monika Willi, Tár

Best International Feature Film

Felix Kammerer, left, and Albrecht Schuch in All Quiet on the Western Front. Reiner Bajo / Netflix via AP
Felix Kammerer, left, and Albrecht Schuch in All Quiet on the Western Front. Reiner Bajo / Netflix via AP

All Quiet on the Western Front, Germany

Argentina, 1985, Argentina

Close, Belgium

EO, Poland

The Quiet Girl, Ireland

Make-up and Hairstyling

Naomi Donne, Mike Marino, Zoe Tahir, The Batman

Joel Harlow, Black Panther: Wakanda Forever

Adrien Morot, Judy Chin, Anne Marie Bradley, The Whale

Heike Merker, All Quiet on the Western Front

Shane Thomas, Mark Coulier, Jason Baird, Louise Coulston, Elvis

Best Music (Original Score)

Volker Bertelmann, All Quiet on the Western Front

Carter Burwell, The Banshees of Inisherin

Justin Hurwitz, Babylon

John Williams, The Fabelmans

Son Lux, Everything Everywhere All at Once

Best Music (Original Song)

Naatu Naatu has been nominated for Best Original Song at the Oscars. Netflix via AP
Naatu Naatu has been nominated for Best Original Song at the Oscars. Netflix via AP

Applause by Diane Warren, Tell It Like a Woman

Hold My Hand by Lada Gaga and Bloodpop, Top Gun: Maverick

Lift Me Up by Rihanna, Black Panther: Wakanda Forever

Naatu Naatu by Kala Bhairava, M M Keeravani, Rahul Sipligunj, RRR

This is a Life by Ryan Lott, David Byrne and Mitski, Everything Everywhere All at Once

Best Production Design

All Quiet on the Western Front

Avatar: The Way of Water

Babylon

Elvis

The Fabelmans

Best Short Film (Animated)

An Ostrich Told Me the World Is Fake and I Think I Believe It

The Boy, the Mole, the Fox and the Horse

The Flying Sailor

Ice Merchants

My Year of Dicks

Best Short Film (Live Action)

An Irish Goodbye

Ivalu

Le Pupille

Night Ride

The Red Suitcase

Best Sound

Zoe Saldana as Neytiri, left, and Sam Worthington as Jake Sully in Avatar: The Way of Water. 20th Century Studios via AP
Zoe Saldana as Neytiri, left, and Sam Worthington as Jake Sully in Avatar: The Way of Water. 20th Century Studios via AP

All Quiet on the Western Front

Avatar: The Way of Water

The Batman

Elvis

Top Gun: Maverick

Best Visual Effects

All Quiet on the Western Front

Avatar: The Way of Water

The Batman

Black Panther: Wakanda Forever

Top Gun: Maverick

Best Writing (Adapted Screenplay)

Edward Berger, Lesley Paterson, Ian Stokell, All Quiet on the Western Front

Peter Craig, Justin Marks, Ehren Kruger, Eric Warren Singer, Christopher McQuarrie, Top Gun: Maverick

Kazuo Ishiguro, Living

Rian Johnson, Glass Onion: A Knives Out Mystery

Sarah Polley and Miriam Toews, Women Talking

Best Writing (Original Screenplay)

Todd Field, Tár

Tony Kushner and Steven Spielberg, The Fabelmans

Daniel Kwan and Daniel Scheinert, Everything Everywhere All at Once

Martin McDonagh, The Banshees of Inisherin

Ruben Ostlund, Triangle of Sadness

— The 95th Academy Awards will be held on March 12 at the Dolby Theatre in Hollywood

Golden Globes 2023 winners: From Michelle Yeoh to Angela Bassett — in pictures

  • Angela Bassett: Best Supporting Actress in a Motion Picture for 'Black Panther: Wakanda Forever'. AP
    Angela Bassett: Best Supporting Actress in a Motion Picture for 'Black Panther: Wakanda Forever'. AP
  • The Fabelmans: Best Picture, Drama. AFP
    The Fabelmans: Best Picture, Drama. AFP
  • Eddie Murphy: Cecil B DeMille Lifetime Achievement Award. AP
    Eddie Murphy: Cecil B DeMille Lifetime Achievement Award. AP
  • The Banshees of Inisherin: Best Picture - Musical or Comedy. AFP
    The Banshees of Inisherin: Best Picture - Musical or Comedy. AFP
  • Abbott Elementary: Best Television Comedy Series. Getty Images / AFP
    Abbott Elementary: Best Television Comedy Series. Getty Images / AFP
  • Austin Butler: Best Actor in a Drama for 'Elvis'. AP
    Austin Butler: Best Actor in a Drama for 'Elvis'. AP
  • Steven Spielberg: Best Director for 'The Fabelmans'. AP
    Steven Spielberg: Best Director for 'The Fabelmans'. AP
  • Cate Blanchett: Best Actress in a Leading Role, Drama for 'Tar'. AP
    Cate Blanchett: Best Actress in a Leading Role, Drama for 'Tar'. AP
  • Julia Garner: Best TV Actress in a Supporting Role for Comedy or Drama for 'Ozark'. AP
    Julia Garner: Best TV Actress in a Supporting Role for Comedy or Drama for 'Ozark'. AP
  • Zendaya: Best Actress in a TV Series (Drama) for 'Euphoria'. Photo: HBO
    Zendaya: Best Actress in a TV Series (Drama) for 'Euphoria'. Photo: HBO
  • Jennifer Coolidge: Best Supporting Actress for Television Limited Series/Motion Picture for 'The White Lotus'. AFP
    Jennifer Coolidge: Best Supporting Actress for Television Limited Series/Motion Picture for 'The White Lotus'. AFP
  • Santiago Mitre: The Best Non-English Language Film for 'Argentina, 1985'. AFP
    Santiago Mitre: The Best Non-English Language Film for 'Argentina, 1985'. AFP
  • Evan Peters: Best Actor for 'Dahmer – Monster: The Jeffrey Dahmer Story'. Reuters
    Evan Peters: Best Actor for 'Dahmer – Monster: The Jeffrey Dahmer Story'. Reuters
  • Ryan Murphy: Carol Burnett Award. AP
    Ryan Murphy: Carol Burnett Award. AP
  • Michelle Yeoh: Best Actress in a Leading Role for Comedy or Musical for 'Everything Everywhere All At Once'. AP
    Michelle Yeoh: Best Actress in a Leading Role for Comedy or Musical for 'Everything Everywhere All At Once'. AP
  • Guillermo del Toro (L): Best Animated Feature for 'Pinocchio'. AFP
    Guillermo del Toro (L): Best Animated Feature for 'Pinocchio'. AFP
  • Amanda Seyfried (C): Best Actress in a TV Series (TV Movie/Limited) for 'The Dropout'. Photo: Hulu
    Amanda Seyfried (C): Best Actress in a TV Series (TV Movie/Limited) for 'The Dropout'. Photo: Hulu
  • Paul Walter Hauser: Best TV Actor in a Supporting Role (Limited Series/TV Movie) for 'Black Bird'. AFP
    Paul Walter Hauser: Best TV Actor in a Supporting Role (Limited Series/TV Movie) for 'Black Bird'. AFP
  • Colin Farrell: Best Actor in a Leading Role for Comedy or Musical for 'The Banshees of Inisherin'. AP
    Colin Farrell: Best Actor in a Leading Role for Comedy or Musical for 'The Banshees of Inisherin'. AP
  • Kevin Costner: Best Actor in a TV Series (Drama) for 'Yellowstone'. Photo: Paramount
    Kevin Costner: Best Actor in a TV Series (Drama) for 'Yellowstone'. Photo: Paramount
  • Ke Huy Quan: Best Supporting Actor in a Motion Picture for 'Everything Everywhere All At Once'. EPA
    Ke Huy Quan: Best Supporting Actor in a Motion Picture for 'Everything Everywhere All At Once'. EPA
  • Jeremy Allen White: Best Actor in a TV Series (Comedy) for 'The Bear'. EPA
    Jeremy Allen White: Best Actor in a TV Series (Comedy) for 'The Bear'. EPA
  • Quinta Brunson: Best Actress in a TV Series (Comedy) for 'Abbott Elementary'. Reuters
    Quinta Brunson: Best Actress in a TV Series (Comedy) for 'Abbott Elementary'. Reuters
  • Mike White: Best Television Movie or Limited Series for 'The White Lotus'. AP
    Mike White: Best Television Movie or Limited Series for 'The White Lotus'. AP
  • M M Keeravani: Best Original Song for 'Naatu Naatu' in 'RRR'. EPA
    M M Keeravani: Best Original Song for 'Naatu Naatu' in 'RRR'. EPA
  • Martin McDonagh: Best Screenplay for 'The Banshees of Inisherin'. AP
    Martin McDonagh: Best Screenplay for 'The Banshees of Inisherin'. AP
  • Tyler James Williams: Best TV Actor in a Supporting Role (Comedy/Drama) for 'Abbott Elementary'. AFP
    Tyler James Williams: Best TV Actor in a Supporting Role (Comedy/Drama) for 'Abbott Elementary'. AFP
  • Justin Hurwitz: Best Original Score for 'Babylon'. AP
    Justin Hurwitz: Best Original Score for 'Babylon'. AP
UAE FIXTURES

October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi

October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
October 30 – 2.10pm, Playoff 3 – A4 v Loser of Play-off 1; 7.30pm, Playoff 4 – B4 v Loser of Play-off 2 at Dubai International Stadium

November 1 – 2.10pm, Semifinal 1 – B1 v Winner of Play-off 1; 7.30pm, Semifinal 2 – A1 v Winner of Play-off 2 at Dubai International Stadium
November 2 – 2.10pm, Third place Playoff – B1 v Winner of Play-off 1; 7.30pm, Final, at Dubai International Stadium

How they line up for Sunday's Australian Grand Prix

1 Lewis Hamilton, Mercedes

2 Kimi Raikkonen, Ferrari

3 Sebastian Vettel, Ferrari

4 Max Verstappen, Red Bull

5 Kevin Magnussen, Haas

6 Romain Grosjean, Haas

7 Nico Hulkenberg, Renault

*8 Daniel Ricciardo, Red Bull

9 Carlos Sainz, Renault

10 Valtteri Bottas, Mercedes

11 Fernando Alonso, McLaren

12 Stoffel Vandoorne, McLaren

13 Sergio Perez, Force India

14 Lance Stroll, Williams

15 Esteban Ocon, Force India

16 Brendon Hartley, Toro Rosso

17 Marcus Ericsson, Sauber

18 Charles Leclerc, Sauber

19 Sergey Sirotkin, Williams

20 Pierre Gasly, Toro Rosso

* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice

The Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

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The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

While you're here

Rainbow

Kesha

(Kemosabe)

Company%20Profile
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MATCH INFO

Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai

Mountain%20Boy
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Zainab%20Shaheen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Naser%20Al%20Messabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%203%2F5%3C%2Fp%3E%0A
Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

Straightforward ways to reduce sugar in your family's diet
  • Ban fruit juice and sodas
  • Eat a hearty breakfast that contains fats and wholegrains, such as peanut butter on multigrain toast or full-fat plain yoghurt with whole fruit and nuts, to avoid the need for a 10am snack
  • Give young children plain yoghurt with whole fruits mashed into it
  • Reduce the number of cakes, biscuits and sweets. Reserve them for a treat
  • Don’t eat dessert every day 
  • Make your own smoothies. Always use the whole fruit to maintain the benefit of its fibre content and don’t add any sweeteners
  • Always go for natural whole foods over processed, packaged foods. Ask yourself would your grandmother have eaten it?
  • Read food labels if you really do feel the need to buy processed food
  • Eat everything in moderation
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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.”

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Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

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Updated: March 03, 2023, 10:14 AM