Slumdog Millionaire's Freida Pinto is to star in the director Julian Schnabel's new film, Miral.
Slumdog Millionaire's Freida Pinto is to star in the director Julian Schnabel's new film, Miral.

Freida Pinto steps into Schnabel's latest



The Slumdog Millionaire star Freida Pinto has landed her first post-Oscars role in Julian Schnabel's (The Diving Bell and the Butterfly) Miral, the trade magazine Variety reports. The film tells the story of Hind Husseini, a Jerusalem socialite and Palestinian activist who founded an orphanage in Jerusalem in 1948, after the partition of Palestine and Israel. Pinto will play a Palestinian woman in the film with Hiam Abbass (Amreeka) starring as Husseini. Miral is based on the novel of the same name by the Italian-Palestinian author Rula Jebreal.

Husseini founded the orphanage after discovering a group of Palestinian children who had been pulled from the rubble after their families were shot dead in front of them. The film will shoot next month. After completing Miral, Pinto will join Woody Allen's next feature. Still untitled, the film is an ensemble piece set in London, featuring Josh Brolin, Naomi Watts and Anthony Hopkins.

It seems like yesterday that Drew Barrymore, 34, was playing that cute little girl in Steven Spielberg's ET: The Extra Terrestrial. Now she's not only starring in but also directing and producing her own films. Her directorial debut, Whip It!, starring Juno's Ellen Page, recently wrapped, and the latest film she executive produced (and starred in), He's Just Not That Into You, has grossed more than US$145 million (Dh533m) worldwide.

Now Barrymore gets to take a back seat on the directing and producing front with her next film, Going the Distance. According to The Hollywood Reporter, Barrymore is to appear in the new romantic comedy with Justin Long, her co-star from He's Just Not That Into You. Distance will be directed by Nanette Burstein (American Teen) and produced by Adam Shankman and Jennifer Gibgot. Written by Geoff LaTulippe, the film follows a young couple trying to survive a long-distance relationship. Barrymore's upcoming roles also include Grey Gardens, an HBO television movie, which adapts the cult 1975 documentary of the same name, about the eccentric aunt and first cousin of Jacqueline Kennedy Onassis. Jessica Lange co-stars.

The acclaimed Indian director Satyajit Ray, who died in 1992, is to be the subject of a retrospective in New York. Hosted by the Film Society at the Lincoln Center from April 15-30, the programme features six of Ray's films, which are all appearing in new prints. This includes The Adventures of Goopy and Bagha, The Music Room and The Expedition. The filmmakers Mira Nair and Ray's son, Sandip Ray, will give talks on the director as part of an extended programme of events.

In a major week for female leads, Anne Hathaway has been cast as Judy Garland in a stage and film biography of The Wizard of Oz star. The productions are based on Gerald Clarke's biography Get Happy: The Life of Judy Garland and will be produced by the Weinstein Company, which has yet to decide which of the two productions will come first, according to Variety.

Garland was the subject of an Emmy-winning 2001 television film from Craig Zadan and Neil Meron, and was a character in the Broadway production The Boy From Oz. The singer-songwriter Rufus Wainwright also performed a popular one-night re-creation of a famous Garland concert from Carnegie Hall. Get Happy is the second project for Hathaway to be announced this year. The Devil Wears Prada star will also appear in Twelfth Night as part of New York's Shakespeare in the Park series, which brings the Bard's productions to Central Park each summer.

The Weinstein Company is working on a large number of stage adaptations of its feature films, including Finding Neverland, Chocolat, Cinema Paradiso and Shakespeare in Love.

Maguire puts the pedal to the metal Tobey Maguire is getting into race-car driving with Columbia Pictures having acquired the rights to Michael Cannell's upcoming book, The Limit, according to The Hollywood Reporter. It is the story of the real-life friends and rivals Phil Hill (Maguire) and Wolfgang von Trips, two Grand Prix drivers on the Ferrari team who are pitted against each other during the 1961 Drivers Championship. Maguire and Jenno Topping will produce for Maguire Entertainment. * Liza Foreman

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

What are the main cyber security threats?

Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.

The specs

Engine: 2.9-litre twin-turbo V6

Power: 540hp at 6,500rpm

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Transmission: Eight-speed auto

Kerb weight: 1580kg

Price: From Dh750k

On sale: via special order

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.”

The years Ramadan fell in May

1987

1954

1921

1888

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

Afro%20salons
%3Cp%3E%3Cstrong%3EFor%20women%3A%3C%2Fstrong%3E%3Cbr%3ESisu%20Hair%20Salon%2C%20Jumeirah%201%2C%20Dubai%3Cbr%3EBoho%20Salon%2C%20Al%20Barsha%20South%2C%20Dubai%3Cbr%3EMoonlight%2C%20Al%20Falah%20Street%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFor%20men%3A%3C%2Fstrong%3E%3Cbr%3EMK%20Barbershop%2C%20Dar%20Al%20Wasl%20Mall%2C%20Dubai%3Cbr%3ERegency%20Saloon%2C%20Al%20Zahiyah%2C%20Abu%20Dhabi%3Cbr%3EUptown%20Barbershop%2C%20Al%20Nasseriya%2C%20Sharjah%3C%2Fp%3E%0A
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
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The years Ramadan fell in May

1987

1954

1921

1888

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE