From left, Ali F Mostafa, Nayla Al Khaja and Mohammed Saeed Harib. Courtesy DIFF
From left, Ali F Mostafa, Nayla Al Khaja and Mohammed Saeed Harib. Courtesy DIFF

Emirati film­makers to mentor shortlisted candidates at Reel Dubai ­contest



The Reel Dubai competition was launched on February 1 for aspiring filmmakers in the UAE. The ­Emirati filmmakers Ali F Mostafa, Nayla Al Khaja and Mohammed Saeed Harib will mentor the six applicants who make it to the shortlist, and help them create a short film inspired by #MyDubai, the initiative launched by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai. The shortlisted filmmakers will get a Samsung Galaxy Note 4 and US$5,000 (Dh183,650) to fund their projects. All six films will be screened in April. The winner will attend the Cannes film festival in May, where his or her film will be screened. The second- and third-place runners-up will receive a Samsung device. Submissions are being accepted until February 28 from residents above the age of 12. To enter, upload examples of previous work at www.diff.ae/reeldubai. The contest is a collaboration between Samsung, DIFF and the Department of Tourism and Commerce Marketing (DTCM). – The National staff

Val Kilmer awaits tests but doesn’t have tumour

Val Kilmer confirmed that he is hospitalised and awaiting medical results, but said he has no tumour and hasn't had surgery. In a message on his Facebook page on Saturday, the 55-year-old actor said he was in UCLA Medical Center's intensive care for a "complication". Kilmer thanked fans for their support and told them not to worry. Kilmer is known for his roles in movies such as Top Gun, Heat and Tombstone. – AP

Timberlake shares baby news on his 34th birthday

Justin Timberlake shared a picture of his pregnant wife Jessica Biel on Instagram on Saturday, his 34th birthday. He wrote that he was getting the greatest gift ever this year and added: "CAN'T WAIT." The sex of the baby is not yet known. The Grammy-winner singer married Biel in 2012. It will be the first child for both. Biel's pregnancy has been rumoured for weeks, but Timberlake's post is the first official confirmation. – AP

Cancer movie wins top prize at Sundance

Me and Earl and the Dying Girl, a quirky story about a pair of film-loving students who befriend a girl with cancer, won both the US Dramatic Grand Jury Prize and Audience Award at the 31st Sundance Film Festival awards, announced on January 31. Thomas Mann, R J Cyler and Olivia Cooke lead the cast of the idiosyncratic tear-jerker from director Alfonso Gomez-Rejon, who dedicated the Audience Award to all the filmmakers and artists in his hometown of Laredo, Texas. The film also stars Nick Offerman, Connie Britton and Molly Shannon. The Wolfpack, Crystal Moselle's documentary about six movie-loving teenage boys isolated from society, picked up the Grand Jury Prize for Best Documentary. The comedian Tig Notaro, whose documentary Tig debuted at the festival, hosted the ceremony. – AP

Whitney Houston’s daughter found unconscious

The daughter of the late singer Whitney Houston was pulled ­unconscious from her bathtub on January 31 at her Georgia home, in an eerie echo of her mother's tragic death three years ago. Bobbi Kristina Brown, 21, was found by her husband and a friend at her home in ­Roswell, roughly 35 kilometres north of Atlanta, the Roswell Police Department spokeswoman Lisa Holland said. "She is still alive and breathing and other than that I do not know her condition at this time," Holland said. "Investigators are on the scene at the hospital and the house." TMZ reported that sources close to the family said Brown had been placed in a medically induced coma to address swelling on the brain. The soul diva Houston died in February 2012 when she was found in a bathtub at the Beverly Hilton Hotel in Los Angeles on the eve of the Grammy Awards. Coroners concluded she died by accidental drowning, with cocaine use and heart disease as contributing factors. The singer left all of her assets to Brown – born from her troubled marriage to singer Bobby Brown – while excluding her ex-husband. – AFP

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

Rafael Nadal's record at the MWTC

2009 Finalist

2010 Champion

Jan 2011 Champion

Dec 2011 Semi-finalist

Dec 2012 Did not play

Dec 2013 Semi-finalist

2015 Semi-finalist

Jan 2016 Champion

Dec 2016 Champion

2017 Did not play

 

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

THE DETAILS

Solo: A Star Wars Story

Dir: Ron Howard

Starring: Alden Ehrenreich, Emilia Clarke, Woody Harrelson

3/5

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

FIXTURES

Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)

Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)

Friday, February 1
Final, Zayed Sports City Stadium (6pm)

The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright

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.”

Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets

Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final