On October 31, J K Rowling will publish a short story about the Hogwarts professor Dolores Umbridge. Dan Hallman / Invision / AP Photo
On October 31, J K Rowling will publish a short story about the Hogwarts professor Dolores Umbridge. Dan Hallman / Invision / AP Photo
On October 31, J K Rowling will publish a short story about the Hogwarts professor Dolores Umbridge. Dan Hallman / Invision / AP Photo
On October 31, J K Rowling will publish a short story about the Hogwarts professor Dolores Umbridge. Dan Hallman / Invision / AP Photo

Halloween magic for Potter fans


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Harry Potter fans can look forward to a magical Halloween treat, courtesy of J K Rowling. The author announced on her website – www.pottermore.com – that she has written a new 1,700 word story about the witch and Hogwarts professor Dolores Umbridge. The story will be published on October 31 on the site. Rowling said it would include her "revealing first-person thoughts" about Umbridge. The character first appeared in Harry Potter and the Order of the Phoenix, the fifth of the seven books in Rowling's multimillion-selling series. Imelda Staunton played her in the film adaptations. – AP

Arab Idol winner Mohammed Assaf planning arts centre in Gaza

Mohammed Assaf, the winner of last year's Arab Idol television singing competition says he wants to give something back to Gaza, where he grew up, by setting up an arts centre to nurture young musicians, writers and actors. The centre would be funded by Palestinian-Americans who have pledged support, the 24-year-old said. He is waiting for a new Palestinian unity government to establish a foothold in Gaza before moving forward with the plans. Assaf, who grew up in Gaza's Khan Younis refugee camp, has visited Gaza twice this year. "Both times, I found Gazans to be very sad, but this time I see much more sadness," he said. "My generation is frustrated. Everyone I met asked me to help them leave the country. They want to leave because they have no hope. Problems here are so big and complicated. Blockade, division, wars." Assaf said he felt equally hopeless before last year's competition. He couldn't find a job after college and dreamed of a civil-service job for US$300 (Dh 1,100) a month, he said. "Thank God I had this rare opportunity," he said. – AP

Queen Elizabeth takes to Twitter

Queen Elizabeth II has sent her first tweet – though she kept things traditional, signing off with "Elizabeth R". The 88-year-old monarch tried her hand at Twitter at the weekend as she opened a new gallery in central London's Science Museum, taking off a glove to press a tablet screen as 600 guests looked on. The message: "I hope people will enjoy visiting" the exhibition, was sent instantly through the official British monarchy account on the social media website. "Elizabeth R" is how the queen signs official documents. The "R" stands for "regina" – Latin for queen. Officials said the message came "personally" from the queen, although some observers were sceptical – it appeared to have been typed ahead of time and appears to have been sent using the Twitter for iPhone app, even though the video showed the queen was using a tablet device. Officials wouldn't say if the queen personally wrote the message or comment on the electronic discrepancy. In 1976, the queen became the first monarch to send an email. – AP

Goodfellas actor sues Fox over Simpsons’ mafia character

The Goodfellas actor Frank Sivero is suing Fox Television for US$250 million (Dh918m) for allegedly ripping off his cinematic mobster character and using it on The Simpsons. According to a lawsuit filed in Los Angeles last week, Sivero also claims producers of the hit cartoon series promised to make a film with him but backed out and had simply been using him to study his character. Sivero played Frankie Carbone in Martin Scorsese's classic 1990 mob drama Goodfellas. He says The Simpsons stole the character and used it for Louie, a member of the Springfield Mafia. The parent company of Fox Television Studios, 21st Century Fox, did not comment. – AFP

Keira Knightley to make Broadway debut

The British actress Keira Knightley will make her Broadway debut next year in an adaptation of the Émile Zola play Thérèse Raquin. The 29-year-old star of the Pirates of the Caribbean films will take on the lead role in the tale of love, lust, betrayal and guilt, which will open on October 29. Knightley will play Thérèse, who is in a loveless marriage when she embarks on a passionate affair that ends in tragedy. The adaptation of the 19th-century novel is by Helen Edmundson, and the production will be directed by Evan Cabnet. Knightley rose to fame in Britain with the smash-hit football film Bend It Like Beckham. She was nominated for a best-actress Oscar in 2006 for her portrayal of Elizabeth Bennet in Pride and Prejudice. She made her West End theatre debut in London with Moliere's The Misanthrope in 2009. – AFP

William Shatner in talks to return as Captain Kirk

William Shatner may be returning to Star Trek's final frontier one more time. The actor, the original captain James T Kirk, says he is meeting soon with Roberto Orci, the director of the Star Trek 3, the third film in the rebooted franchise focusing on the younger versions of the famous characters, to discuss the possibility of reprising his version of Kirk. "I had a talk with him the other day," says Shatner. "So there's talk – simply talk – about the next movie." Shatner has said J J Abrams, who produced and directed the 2009's Star Trek and its sequel, Star Trek: Into Darkness last year, recently told him Orci had an idea about how Shatner might appear in the next film, which stars Chris Pine as the young Kirk. Shatner says he would do the movie if it was a meaningful part, "a role that had something to do with the turning of the plot." Still, the 83-year-old actor admitted he was not sure how they'd bring him back – 20 years after his character was killed off in the film Star Trek: Generations. – AP

Shakira launching range of baby toys

Shakira is partnering with toymaker Fisher-Price to launch a line of baby toys and a web series for moms. The company, which is owned by Mattel, said that the First Steps collection of toys and baby gear would go on sale in November. The Colombian singer co-developed six products, including a bouncer that plays music, alphabet blocks and a musical football in honour of her boyfriend, Gerard Piqué, who plays for Spanish side Barcelona. All of the profits will benefit her Barefoot Foundation, which provides education and nutrition to children in impoverished parts of Colombia. The Grammy-winning singer, who has a 21-month-old son Milan and is expecting her second child, is the first celebrity Fisher-Price has partnered with. "I saw how important developmental milestones are and how toys can help babies reach them – including with my own son," Shakira said. "I wanted to design a line of toys that stimulated development in the crucial early stages of life, the stages in which learning can be achieved through supervised play, fostering the development of psychological, social and motor skills." The 12-part web series begins on Monday, October 27. Some of the minute-long episodes will feature her son. – AP

John Denver gets star on Hollywood Walk of Fame

The late American singer-songwriter John Denver has been honoured with a star on Hollywood's Walk of Fame. He received the walk's 2,531st star on Friday, 17 years after he died in a plane crash at the age of 53. Denver's son, Zak Deutschendorf, and daughter, Jesse Belle Denver, attended the ceremony. Denver rose to fame in the 1970s with a series of sunny, optimistic songs that included Rocky Mountain High, Thank God I'm a Country Boy and Annie's Song. Friday's unveiling coincided with the opening of a month-long Hollywood exhibition of his photos, titled Sweet Sweet Life: The Photographic Works of John Denver. – AP

NBCUniversal to pay US$6.4 million settlement to unpaid interns

Nearly 9,000 unpaid interns stand to benefit from a US$6.4 million (Dh25.50m) settlement with television broadcaster NBCUniversal over wages. Unpaid interns who worked on Saturday Night Live and other shows took legal action last July in the Manhattan federal court claiming NBCUniversal had violated the law by classifying them as non-employee interns and paid them nothing or less than minimum wage, when they were actually doing employee work. NBCUniversal said in court documents that even though it was settling the suit, it denied the allegations and did not admit any wrongdoing. The average amount that class-action members of the suit will receive is $505 before taxes, although the main plaintiffs will receive more. The settlement still has to be approved by a judge. Unpaid internships have long been a way for students and young graduates to get a foot in the door in many industries, providing experience and contacts – if they can afford to work for free. But in the last few years, unpaid internships have come under legal scrutiny. Last June, a federal judge in New York ruled that Fox Searchlight Pictures had violated minimum-wage and overtime laws by not paying interns who worked on the 2010 movie Black Swan. Other lawsuits were filed against record companies, magazine publishers, modelling agencies and television talk-show hosts. Some companies, including Condé Nast, subsequently did away with their internship programs. – AP

Las Vegas gives Britney Spears the key to the Strip

The pop star Britney Spears is getting a key to the Las Vegas Strip and a special day dedicated to her. Casino company Caesars Entertainment said it would host Britney Day at The LINQ Promenade starting from 5.30pm on November 5. From 8am, the first 100 people who can prove that their names are Britney will get two tickets to Spears's Piece of Me show at Planet Hollywood Resort & Casino and a ride on the High Roller observation wheel. – AP

James Cordon to debut as host of the Late Late Show on March 9

CBS has set March 9 as the date when the comic James Corden will debut as host of The Late Late Show. The English comic is replacing the Scotsman Craig Ferguson, who is leaving the show on December 18 after 10 years. Corden, 36, won a Tony Award in 2012 for his role in the play One Man, Two Guvnors and appeared in the recent film Begin Again with Keira Knightley and Mark Ruffalo. His arrival is part of CBS's late-night overhaul, which will also see Stephen Colbert replace David Letterman as host of the Late Show. – AP

Tax fraud trial of Jersey Shore star to begin in December

A judge has set a December date for the trial for a former cast member of MTV's reality show Jersey Shore, who is facing federal tax charges. Mike "The Situation" Sorrentino and his brother, Marc, appeared in court on Thursday in Newark, New Jersey, as the judge said their trial would begin on December 2. Last month they were charged with filing bogus tax returns and inflating business expenses to avoid paying taxes on nearly US$9million (Dh33m) in income over a three-year period. They have pleaded not guilty. – AP

UAE currency: the story behind the money in your pockets
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

SERIE A FIXTURES

Saturday

AC Milan v Sampdoria (2.30pm kick-off UAE)

Atalanta v Udinese (5pm)

Benevento v Parma (5pm)

Cagliari v Hellas Verona (5pm)

Genoa v Fiorentina (5pm)

Lazio v Spezia (5pm)

Napoli v Crotone (5pm)

Sassuolo v Roma (5pm)

Torino v Juventus (8pm)

Bologna v Inter Milan (10.45pm)

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

Third Test

Result: India won by 203 runs

Series: England lead five-match series 2-1

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.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

AWARDS
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Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5