Once upon a time, Shogun was a cultural phenomenon.
In 1980, James Clavell’s bestselling novel, which sold 15 million copies, was adapted into a television event that few have matched. Nearly a third of American households tuned in to watch an unforgettable fiction unfold in feudal Japan.
While this year’s big-budget remake may never reach that level of popularity, it is one of the few series released in the past several years that feels worthy of that honour.
The 10-episode mini-series was declared the most immersive epic since Game of Thrones by dozens of rave reviews before its premiere on Disney+ on Tuesday. It also improves greatly on the original – and addresses the many criticisms levied against it, particularly by the Japanese.
For a show this consistently brilliant, we have husband and wife co-creators Justin Marks and Rachel Kondo to thank. But was this the result of a meticulously laid-out plan? Far from it.
“It was chaos,” Kondo admits to The National.
She adds: “In hindsight, it’s like: ‘Look how clever you guys are for building this machine!’ But no, we built the mechanism through which we told the story as we were telling the story. We would make mistakes, acknowledge them and correct them over and over again."
Or, as her husband puts it: “We were still building the car as we drove it – no, as we were learning to drive it!”
The thing is, they wouldn’t trade that chaos for anything. In many ways, that’s exactly how Shogun became such a resounding success.
It begins in 16th century Osaka; their leader has died, with no heir old enough to replace him. The local governors are now jockeying for power – which puts a target on the back of the charismatic and wily Lord Yoshii Toranaga (Hiroyuki Sanada).
Meanwhile, a British navigator named John Blackthrone has crash-landed nearby, much to the ire of the resident European merchants, who fear he may expose their secret treachery against their supposed allies the Japanese.
The only way for the two to survive is to join forces against their powerful enemies.
The show was supposed to be filmed, like the original, in Japan. But then the pandemic happened and everything changed. Marks and Kondo had to instead build their car in the middle of the Canadian wilderness, and make it feel as Japanese as possible.
“The pandemic happened about three weeks after we got out of the writers' room, and then we spent about a year and a half sitting on our hands, trying to figure out a plan for how we could execute this,” says Marks.
“Fortunately, in that time, I think it gave us a lot of opportunity for some navel-gazing.”
Firstly, they started interrogating their story and thinking about the many criticisms levied the first go-around. Secondly, the story would no longer focus primarily on Blackthrone’s perspective. The Japanese characters were now just as integral, and they prioritised cultural authenticity above all else – even beyond what the original text offered.
“We really started focusing on cultural nuance,” Marks adds. "We turned the pages again and again, speaking with our Japanese producers, Japanese cultural advisers, language advisers and historical advisers to really even beyond where the book was towards a place of greater authenticity."
In Mark’s view, however, this was not as flawed a narrative as some had claimed. This was about enriching the material, not rejecting it.
“When we dug deeper into the book, it was pretty amazing for both of us to see just how far ahead of his time Clavell was,” Marks explains.
“He was very focused on this idea of how do we encounter other cultures? And how do we encounter ourselves in these other cultures? I don’t think it’s a white saviour narrative. Rather, it's an interesting counterpoint to that narrative."
He adds: “Everything that happens may have happened regardless of whether Blackstone landed there in the first place. The journey for him is really towards acceptance and towards surrender to all he can’t control, which we think is a pretty modern message to today."
Kondo agrees, adding: “We were asking the same questions that Clavell was, but in our case, we were trying to ask those questions from the filter of today, with modern experiences in mind.”
And since they could not bring themselves to Japan to bring that message to life, Japan came to them – that they made sure of.
“Everyone had devoted their careers to Japan, including the art department, hair, make-up, wardrobe," says Marks.
"Then every day we would find some other place we were lacking, and then find someone else who was an expert on that thing and fly them over. It was all done on the basis of intuition and accepting what we didn’t know."
The shoot itself was difficult – going on for months longer than the original plan – but they would not have traded the unwieldy weather of the wilderness for anything.
Marks adds: “It was a rough winter, but that was everything we asked for. It was this beautiful, untouched landscape, and we leaned into that. In fact, on the days it wasn’t raining, we brought in the rain, because we had to maintain the wet, beautiful, misty energy that we were going for with this show."
Kondo adds: “This is a timeless story in so many ways. We just wanted to create a timeless show to go with it."
Shogun's first two episodes are now streaming on Disney+ Middle East, with new episodes released every Tuesday. The first episode is available to stream without a subscription.
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
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
Price: Dh300,000 (estimate)
On sale: 2022
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.”
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
PREMIER LEAGUE FIXTURES
Saturday (UAE kick-off times)
Watford v Leicester City (3.30pm)
Brighton v Arsenal (6pm)
West Ham v Wolves (8.30pm)
Bournemouth v Crystal Palace (10.45pm)
Sunday
Newcastle United v Sheffield United (5pm)
Aston Villa v Chelsea (7.15pm)
Everton v Liverpool (10pm)
Monday
Manchester City v Burnley (11pm)
Fixtures:
Wed Aug 29 – Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30 - UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1 - UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2 – Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4 - Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6 – Final
Company%20Profile
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
UAE’s revised Cricket World Cup League Two schedule
August, 2021: Host - United States; Teams - UAE, United States and Scotland
Between September and November, 2021 (dates TBC): Host - Namibia; Teams - Namibia, Oman, UAE
December, 2021: Host - UAE; Teams - UAE, Namibia, Oman
February, 2022: Hosts - Nepal; Teams - UAE, Nepal, PNG
June, 2022: Hosts - Scotland; Teams - UAE, United States, Scotland
September, 2022: Hosts - PNG; Teams - UAE, PNG, Nepal
February, 2023: Hosts - UAE; Teams - UAE, PNG, Nepal