Vin Diesel, left, and Kurt Russell in Furious 7. Courtesy Universal Pictures
Vin Diesel, left, and Kurt Russell in Furious 7. Courtesy Universal Pictures
Vin Diesel, left, and Kurt Russell in Furious 7. Courtesy Universal Pictures
Vin Diesel, left, and Kurt Russell in Furious 7. Courtesy Universal Pictures

Furious 7 is still racing ahead


  • English
  • Arabic

Furious 7 took one final victory lap at the box office over the weekend before it gets overtaken by the release of The Avengers: Age of Ultron this week. A week after it became only the third film to break the US$1 billion (Dh3.67bn) barrier internationally, it topped the North American box office for a fourth straight week. Age of Ultron, which will be out in the UAE on Thursday and in the United States on Friday, has already earned $201.2 million globally, after opening in 44 countries and territories last weekend. Furious 7, which was partly filmed in Abu Dhabi, had enough left in the tank to lead the domestic chart, with estimated ticket sales of $18.3m. While the film has been a huge hit in the United States, it's been even bigger abroad – particularly in China, where it's set a record by earning $323m. The film has made $1.3bn globally. Disney said Age of Ultron was exceeding 2012's The Avengers by 44 per cent so far. – AP

Tendulkar: No Bolly debut for daughter

Indian former cricketer Sachin Tendulkar, who will soon appear in a documentary about his life, has denied rumours that his daughter will soon make her debut in Bollywood. “My daughter Sara is enjoying her academic pursuits. Annoyed at all the baseless speculation about her joining films,” Tendulkar posted on Twitter. It follows rumours that 17-year-old Sara had signed on to star opposite Shahid Kapoor in an unnamed film. Meanwhile, Tendulkar is preparing for his own big-screen debut. Last month, he invited fans to suggest a title for his biopic. Directed by the London-based writer-filmmaker James Erskine, it promises “never seen before footage” capturing the star’s phenomenal rise in the world of cricket. – IANS

Winehouse family slam film about Amy

The family of the British singer Amy Winehouse, who died at the age of 27 from alcohol poisoning, yesterday condemned a documentary about her life as "misleading". Amy, which is due to premiere at the Cannes Film Festival next month, traces Winehouse's story from her early career to the fame she won with hits such as Rehab and her death in 2011. A spokesman for the Winehouse family said they "would like to disassociate themselves from the forthcoming film about their much missed and beloved Amy. They feel that the film is a missed opportunity to celebrate her life and talent, and that it is both misleading and contains some basic untruths". The documentary is directed by the British filmmaker Asif Kapadia, whose film Senna, about the Brazilian Formula 1 driver, won a British Academy Film Award for Best Documentary in 2011. "We conducted in the region of 100 interviews with people who knew Amy Winehouse: friends, family, former partners and members of the music industry who worked with her, " the filmmakers said. "The story that the film tells is a reflection of our findings from these interviews." – AFP

Telugu actor dies in Nepal quake

Telugu actor K Vijay has died in the massive earthquake that hit Nepal on Saturday. Vijay, 25, was in the country with a 20-person unit to shoot the film Etakaram.com. The film's music director, Kishan, who is based in Hyderabad, India, said he received news on Monday that the actor had died after the car in which he was travelling overturned. Three other people were injured in the crash. – IANS

Jay Z hits back over Tidal criticism

Rap mogul Jay Z has defended his Tidal streaming service as viable and a boon to artists after a much-criticised start by the revamped company. “We are here for the long haul. Please give us a chance to grow and get better,” Jay Z wrote in one of several messages on Sunday on Twitter. He bought Tidal’s Swedish parent company Aspiro for US$56 million (Dh205.69m) this year amid the rapid growth of streaming services. Jay Z rolled out a redesigned service on March 30 at a New York event featuring Madonna, Daft Punk, Kanye West and Beyoncé. The artists said that they wanted to take charge of the future of streaming music, amid criticism by musicians that industry leader Spotify pays too little. But critics, including the British band Mumford and Sons, voiced dismay at the launch, especially the sight of exceptionally highly paid stars complaining about payments. Jay Z hit back, accusing “big companies” of spending millions of dollars in a smear campaign against Tidal. Tidal on Saturday ranked 1,027th among most-downloaded apps on iPhones in the United States and was 61st among music apps, according to monitoring service App Annie. – AFP

Lagerfeld in charge at fashion festival

German fashion legend Karl Lagerfeld took the helm at this year’s International Festival of Fashion and Photography in Hyères in southern France. The event, which puts up-and-coming designers in the spotlight is in its 30th year. The festival – which ran from Thursday to Sunday – offers rising stars of fashion a chance to present their work to established names and celebrities, with the jury this year including Princess Caroline of Hanover. Lagerfeld acted as this year’s artistic director and president of the jury, helping select from the 10 finalists who presented their work in a large aircraft hangar by the coast. The famed designer and photographer also gave a masterclass, but refrained from giving too much strict advice to young designers. “I think there are no rules,” he said. “They must do what they want, what they can.” He added that he hated the term “young creator”. Lagerfeld has always dodged questions about his precise age, but is thought to be 81. “There are either good or bad creators. This label ‘young’ is the most dangerous. When I was young, we could not be proud of being young – it just meant you lacked experience.” However, he did say the new generation of designers had one thing going for them, declaring that they “are much nicer and less pretentious” than their predecessors. – AFP

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.”

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday, February 8 v Kenya; Friday, February v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final

The Dictionary of Animal Languages
Heidi Sopinka
​​​​​​​Scribe

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

How tumultuous protests grew
  • A fuel tax protest by French drivers appealed to wider anti-government sentiment
  • Unlike previous French demonstrations there was no trade union or organised movement involved 
  • Demonstrators responded to online petitions and flooded squares to block traffic
  • At its height there were almost 300,000 on the streets in support
  • Named after the high visibility jackets that drivers must keep in cars 
  • Clashes soon turned violent as thousands fought with police at cordons
  • An estimated two dozen people lost eyes and many others were admitted to hospital 

Tales of Yusuf Tadros

Adel Esmat (translated by Mandy McClure)

Hoopoe

Naga
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.