Tom Cruise unveiled the world-first screening of Top Gun: Maverick at CinemaCon in Las Vegas on Thursday — introducing the long-awaited sequel while balancing on top of a flying biplane.
The new Top Gun, which picks up the story of Maverick and his fighter pilot friends some three decades after the blockbuster original, was scheduled to open in 2020 but was repeatedly delayed by the Covid-19 pandemic.
Cruise, famous for doing many of his own stunts, introduced the screening at the cinema industry convention with a video message recorded in typically hair-raising style, perched on the moving plane's fuselage from the skies above South Africa.
"Hey everyone. Wish I could be there with you. I'm sorry for the extra noise," shouted Cruise, 59, over a roaring plane engine and high winds.
"As you can see, we are filming the latest instalment of Mission: Impossible."
"Tom does everything at full speed all the time ... and you can't stop him. He's going to do it no matter what," said the film's producer, Jerry Bruckheimer, who also returns from the first movie, at the CinemaCon event.
While plot details and reviews are embargoed until the film has its official premiere at the Cannes Film Festival next month, Top Gun: Maverick drew immediate glowing praise on social media from journalists at Paramount's CinemaCon presentation.
It combines adrenalin-packed action sequences largely shot on real US Navy fighter jets with emotional references to the original.
Bruckheimer said it had taken so long to make the follow-up because "all our careers kind of took off from that point" and Cruise "had a lot of stories he wanted to tell."
Tony Scott, who directed the original, died in 2012, but new director Joseph Kosinski "came up with a way to make it that excited Tom".
Kosinski said he had been inspired by stunning footage on YouTube recorded by US Navy pilots filming with GoPro cameras during their training.
"I showed that to Tom and I said 'this is available on the internet for free — if we can't beat this, there's no point in making this film.' So he agreed."
With the assistance of Navy engineers, the filmmakers found ways to insert six cameras into the jet cockpits.
Emotional experiences
The blockbuster original is based on a real training programme that was known as Topgun, which was held at San Diego's former Naval Air Station Miramar.
Navy recruiting officials reportedly experienced a dramatic uptick in inquiries from would-be flyboys after the film's release, with military recruiters in some cities setting up tables outside cinemas.
Filmmakers "did not get a lot of support from the Navy" to make the original Top Gun, said Kosinski.
"This movie on the other hand, when we approached the Navy to make it, it was like throwing open the doors. You know, 'come on in, tell us what you need.'"
The latest movie was granted access to the secretive Naval Air Weapons Station China Lake in the Mojave desert of California, said Kosinski.
It also features an appearance from Val Kilmer, whose career was effectively ended when he lost his voice during treatment for throat cancer.
"Val felt comfortable doing it. It was very emotional filming it," Bruckheimer said.
"Obviously, he's compromised, but he's still an amazing actor, an amazing individual.
"Tom actually said 'I'm not making this movie unless Val is in it.'"
SUZUME
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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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COMPANY%20PROFILE
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The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
|
45
|
$131,596
|
$263,191
|
$526,382
|
|
55
|
$44,351
|
$88,702
|
$177,403
|
The biog
Name: Greg Heinricks
From: Alberta, western Canada
Record fish: 56kg sailfish
Member of: International Game Fish Association
Company: Arabian Divers and Sportfishing Charters