The people have spoken. In November last year, Oscar-winning actor Matthew McConaughey floated the idea of running for governor of Texas, telling radio host Hugh Hewitt, “It would be up to the people.”
Now, a new poll shows the people want the Texas native to make the leap into politics. In a poll of registered voters conducted by The Dallas Morning News and the University of Texas at Tyler released Sunday, McConaughey received more votes than incumbent governor Greg Abbott, who is seeking a third term in office.
When asked who they were more likely to vote for in a hypothetical contest, 45 per cent of voters picked McConaughey while 33 per cent chose Abbott, who is in the Republican Party. The rest of the voters said they would vote for neither.
The next Texas governor elections will be held in November 2022.
The 51-year-old actor has been outspoken about his interest in politics. Last month, he told The Balanced Voice podcast he was "seriously considering" a run for governor.
“I’m looking into now again, what is my leadership role?” he said. “Because I do think I have some things to teach and share, and what is my role? What’s my category in my next chapter of life that I’m going into?”
Political stance
If he were to run for office against Abbott, it's still unclear which of the two major US political parties – Republican or Democratic – McConaughey would join. The actor, who won a Best Actor Oscar for the 2013 film Dallas Buyers Club, has never publicly supported a single party, and has often taken a middle ground when it comes to hot-button political issues.
"The two sides got to talk," he said on the press tour for the 2018 film White Boy Rick.
At the same tour, he called gun violence in the US an "epidemic" but raised concerns that March for Our Lives, organised after the Marjory Stoneman Douglas High School shooting, could be "hijacked" by the anti-gun movement.
"March for Our Lives was for rightful, just, responsible gun ownership — but against assault rifles, against unlimited magazines, and for following up on the regulations," he said.
Last year, at the start of the coronavirus pandemic McConaughey was outspoken about the use of masks – another divisive issue – and even filmed a video encouraging people to wear them.
The actor, who was arrested in 1999 for marijuana possession, is also for legalisation of the drug, another hot topic in Texas politics.
A true son of Texas
Regardless of his political stands, McConaughey, who lives in Austin with his wife Camila Alves and three children, has pulled his weight when it comes to stepping in to help his state. In February, when Texas was hit with a severe winter storm, he and Alves organised a virtual concert on YouTube through their Just Keep Livin’ Foundation to help those in need.
During the lockdowns in April last year, McConaughey hosted a virtual Bingo Night for residents of The Enclave, an assisted living community in Texas.
He has also worked actively with the Texas government, and filmed a number of public service announcements, from urging people to help stop human trafficking to staying home during the pandemic.
McConaughey, who broke through with his role as a lawyer in the 1996 film A Time to Kill, has had a storied career in Hollywood with films such as How to Lose a Guy in 10 Days (2003), Magic Mike (2012), The Wolf of Wall Street (2013), Mud (2013) and Interstellar (2014). He was last seen in the action comedy The Gentleman, which released in 2019, and will next voice a character in Sing 2, a sequel to the 2016 hit animated musical.
Last year, McConaughey released a memoir called Greenlights, which instantly became a New York Times bestseller. The book includes stories and insights from his life in chronological order and includes aphorisms, poems and advice.
Actor politicians
If he does enter politics, he will join a long list of actors and celebrities who've made the transition. Ronald Reagan was a Hollywood star before he became governor of California and went on to serve two terms as US president. Donald Trump was a reality TV star and businessman before becoming president in 2016, and Terminator star Arnold Schwarzenegger was the governor of California between 2003 and 2011.
Last week, Fast & Furious star Dwayne Johnson – one of the highest-paid and most popular actors in the US – said he would run for US president if he felt he had enough support from Americans.
"I do have that goal to unite our country and I also feel that if this is what the people want, then I will do that," Johnson said on the Today show.
As far as his political goals are concerned, in an interview with Men's Journal last year, McConaughey said he was not interested in "putting a bunch of band-aids on things".
“When facing any crisis, I’ve found that a good plan is to first recognise the problem, then stabilise the situation, organise the response, then respond,” he said.
Russia's Muslim Heartlands
Dominic Rubin, Oxford
3%20Body%20Problem
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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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20electric%20motors%20with%20102kW%20battery%20pack%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E570hp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20890Nm%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20Up%20to%20428km%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C700%2C000%3C%2Fp%3E%0A
Planes grounded by coronavirus
British Airways: Cancels all direct flights to and from mainland China
Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30
Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong
Ai Seoul: Suspended all flights to China
Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March
Indonesia's Lion Air: Suspending all flights to China from February
South Korea's Asiana Airlines, Jeju Air and Jin Air: Suspend all flights
The specs: 2018 Volkswagen Teramont
Price, base / as tested Dh137,000 / Dh189,950
Engine 3.6-litre V6
Gearbox Eight-speed automatic
Power 280hp @ 6,200rpm
Torque 360Nm @ 2,750rpm
Fuel economy, combined 11.7L / 100km
NINE WINLESS GAMES
Arsenal 2-2 Crystal Palace (Oct 27, PL)
Liverpool 5-5 Arsenal (Oct 30, EFL)
Arsenal 1-1 Wolves (Nov 02, PL)
Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
Arsenal 2-2 Southampton (Nov 23, PL)
Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)
Norwich 2-2 Arsenal (Dec 01, PL)
Arsenal 1-2 Brighton (Dec 05, PL)
The%20Little%20Mermaid%20
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War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills