Sandra Bullock received Best Actress for her role in The Blind Side.
Sandra Bullock received Best Actress for her role in The Blind Side.
Sandra Bullock received Best Actress for her role in The Blind Side.
Sandra Bullock received Best Actress for her role in The Blind Side.

And the Oscar goes to...


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Those who tipped James Cameron's science fiction juggernaut Avatar to be the big winner at the Oscars failed to learn the film's central lesson: that it can be foolish to underestimate seemingly lesser foes. More than 10 years in the making and costing a record sum to produce, the futuristic tale was beaten to both Best Film and Best Director by the Iraq war drama The Hurt Locker, made with a fraction of the budget.

After taking more money than any film in history at the box office, Avatar was thought by many be a shoo-in for the Best Picture. But Cameron was denied a chance in the limelight by his ex-wife, The Hurt Locker filmmaker Kathryn Bigelow in not just the Best Director category, but also Best Picture. Bigelow also became the first woman ever to receive directing the honour. The Hurt Locker also trumped Avatar on the number of awards earned, with six to three. The sci-fi epic won for its production design, cinematography and visual effects. Cameron's previous film, Titanic, won 11 awards in 1998.

Aside from Avatar's defeat, the rest of the evening was remarkably short on surprises, with all of the acting awards going to performers who were expected to receive the prizes. The long-out-of-favour actress Sandra Bullock took home the Best Actress prize for her role in The Blind Side. She plays a mother who takes in an African American boy from a broken home and encourages him to pursue a career in American football. Bullock became the first person to win an Oscar and a Golden Raspberry (for Worst Actress in All About Steve) in the same year.

Those who believed that 2010 would finally be Jeff Bridges' year to win an Oscar were proved correct; he was first nominated in 1971 and has been overlooked three times since then. At Sunday's ceremony he was recognised for his portrayal of a country singer in Crazy Heart. The first award of the night was given to the Austrian Christoph Waltz for Best Supporting Actor. His brilliantly evil turn in Quentin Tarantino's Inglourious Basterds first won him an award at last year's Cannes Film Festival. The Best Supporting Actress gong went to the comedienne Mo'Nique, who was also hotly tipped to win for her performance as an abusive mother in Precious: Based on the Novel Push by Sapphire.

The only other big surprise of the evening came when the Argentinian film The Secret in the Eyes, about a man attempting to solve a murder committed 30 years earlier, won Best Foreign Language Film. Many had expected the honour to go to the Austrian filmmaker Michael Haneke's pre-First World War drama The White Ribbon, which won the Palme d'Or at Cannes. Pixar's Up also scooped two awards, Best Animated Feature and Best Score. The eco-documentary The Cove, which lifted the lid on Japan's secret dolphin slaughter, won the Best Documentary award, beating similarly politically motivated fare such as Food Inc, Burma VJ and The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers.

The Best Picture category contained 10 nominees for the first time since 1943, when Casablanca won the prize. Also nominated alongside The Hurt Locker this year was George Clooney's recessionary drama Up in the Air, the South African apartheid-with-aliens fable District 9 and the Coen brothers comedy A Serious Man. Each failed to win a single award despite being nominated in a number of categories.

It was a good night for home-grown American talent, with several British films and stars overlooked. The actor Colin Firth missed out on the Best Actor gong despite delivering what many consider to be the finest performance of his career in A Single Man. The newcomer Carey Mulligan and the previous winner Helen Mirren were both up for Best Actress but were overlooked in favour of Bullock. The award for Best Costume did go to a UK production, however: The Young Victoria.

Last year's reboot of Star Trek took home an award for Best Make-up, while Crazy Heart bagged a second award for Best Original Song. Best Adapted Screenplay went to The Hurt Locker, as did the award for sound and film editing.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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.”

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

 

 

Results
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If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50

The%20specs
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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

RESULTS

6.30pm Handicap (TB) $68,000 (Dirt) 1,200m

Winner Canvassed, Par Dobbs (jockey), Doug Watson (trainer)

7.05pm Meydan Cup – Listed Handicap (TB) $88,000 (Turf) 2,810m

Winner Dubai Future, Frankie Dettori, Saeed bin Suroor

7.40pm UAE 2000 Guineas – Group 3 (TB) $125,000 (D) 1,600m

Winner Mouheeb, Ryan Curatolo, Nicholas Bachalard

8.15pm Firebreak Stakes – Group 3 (TB) $130,000 (D) 1,600m

Winner Secret Ambition, Tadhg O’Shea, Satish Seemar

9.50pm Meydan Classic – Conditions (TB) $$50,000 (T) 1,400m

Winner Topper Bill, Richard Mullen, Satish Seemar

9.25pm Dubai Sprint – Listed Handicap (TB) $88,000 (T) 1,200m

Winner Man Of Promise, William Buick, Charlie Appleby

Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
​​​​​​​Penguin 

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Zayed%20Centre%20for%20Research
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SQUADS

Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz

Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage

Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)