This summer, Abu Dhabi residents, are you ready to be Carrie-d away?
Excuse the weak Sex and the City pun, but as the film's marketing team still see fit to persist with it, presumably everyone else can too. But listen up: the point is that the film sequel is partly based in our very own capital city, with a trip made here by the four women as an escape from Manhattan.
"It's the new Middle East and the future," explained the writer and director Michael Patrick King earlier this week on his decision to bring Abu Dhabi into the plot. "I think there's a very big story in the Middle East and it also is a very advanced, glamorous capital," he told the film website Collider.com.
As we gear ourselves up for the film's international release in May, rumours about the storyline have filtered through from the film's studio, Warner Bros. And while the movie may be set here, it wasn't actually filmed here but on location in Morocco. Who knows what the imaginary version of Abu Dhabi they have come up with will look like? However, we're not going to let this spoil our fun or stop us from imagining how the film might have looked if they had shot it here.
What has been reported is that the action kicks off two years on from where we left the girls in the first film. Happily, this has given them all new problems to moan about while picking at a bowl of spinach over brunch.
We also know that Samantha manages to wangle them a week's holiday in Abu Dhabi, where an ex-boyfriend (we presume Smith) is shooting a film in the desert. Miranda is exhausted from work and Carrie is presumably delighted with the opportunity to break out a new, jewelled wardrobe, but Charlotte apparently needs the break most of all. Weighed down by two children, the gloss of her arduous Park Avenue princess existence has worn off and she's grappling with rumours that Harry is having an affair with the nanny. No points for originality, scriptwriters.
So, out they all trot to Abu Dhabi. And guess what? While here, Carrie apparently bumps into her ex-boyfriend Aidan in "a market". The most extraordinary coincidence in film history? It's up there. We're not told what market. Until May, it will be left up to our fertile imaginations to dwell upon whether their meeting place was inspired by the Iranian souq, Spinneys, the vegetable aisle of Abela or the cheese room at Jones the Grocer. Wherever it is, however, this "chance" meeting leads to them spending plenty of time together.
Frolicking around on the Corniche, perhaps, or dining at the Yacht Club? "You're playing with fire," Charlotte reportedly tells Carrie. Again, let's take a moment to salute the scriptwriters with this piece of poetry.
Carrie, of course, is still married to Mr Big, although whispers suggest he too makes room for a flirtation with Penélope Cruz, who has a cameo in the film and told King she watched the first one 15 times.
The film's official trailer was released in December, but it makes no allusion to any extramarital activities. Instead, it shows the brightly dressed quartet riding camels (expect jokes from Samantha about this), wandering in the sand dunes and sitting under a gazebo in the desert. There they can be seen drinking from glass goblets and eating off silver platters. No cans or charcoal barbecue for them. No sleeping in tents on inflatable mattresses. It's presumably Qasr Al Sarab all the way for our precious four New Yorkers.
We're also told that they hang out at a "lavish" nightclub. Might we suggest Rush at the Yas Hotel, Etoiles at Emirates Palace or Pearls & Caviar at the Shangri-La. They're more their speed than the Captain's Arms or 3rd Avenue.
With regards to shopping and clothing, the trailer shows Carrie arriving at the airport wearing a sparkly turban paired with an asymmetric dress, shoulder-less on one side, suggesting that the wardrobe department was geographically confused by the challenges of a Middle Eastern visit. Still, presumably they'll shop once they're here.
Helpful residents might have told them to avoid the traffic around Abu Dhabi Mall, so let's assume they go looking for shoes in Ounass or Aldo in Marina Mall, bling at the Madinat Zayed gold souq and Swarovski-covered kaftans at the Souk Qaryat al Beri.
We have more than two months before the film is released. Good news for fans, the worst possible news for detractors. Between now and May, expect new levels of SATC fever pitch to be reached over the unstoppable juggernaut. As Carrie says at the trailer's beginning: "Just when you think you've seen it all, it hits you. You haven't seen anything yet."
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
PREMIER LEAGUE FIXTURES
All times UAE ( 4 GMT)
Saturday
West Ham United v Tottenham Hotspur (3.30pm)
Burnley v Huddersfield Town (7pm)
Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
Southampton v Manchester United (7pm)
Stoke City v Chelsea (7pm)
Swansea City v Watford (7pm)
Leicester City v Liverpool (8.30pm)
Sunday
Brighton and Hove Albion v Newcastle United (7pm)
Monday
Arsenal v West Bromwich Albion (11pm)
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
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Blonde
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Changing visa rules
For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.
Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.
It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.
The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.
The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.
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.”
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
UAE currency: the story behind the money in your pockets